search

An incredible cashback rate!
40% of the spread!

Join Now

Market Participants Remain Cautious Amid Minor Price Movements Ahead of Next Week’s U.S. FOMC Meeting

Market Report

  1. homeHOME
  2. Market Report
  3. Market Participants Remain Cautious Amid Minor Fluctuations Ahead of Next Week’s U.S. FOMC Meeting

Market Participants Remain Cautious Amid Minor Price Movements Ahead of Next Week’s U.S. FOMC Meeting

11.06.2021

Today's Highlights
  1. UK Industrial Production
  2. Remarks by Bank of England Governor Bailey

Yesterday, stock prices rebounded on the U.S. market, leading to a scenario of rising stock prices, a weaker U.S. dollar, and lower interest rates.The U.S. Consumer Price Index released yesterday exceeded expectations, marking the highest rate of increase since August 2008 and reaffirming the resumption of economic activity. Additionally, the number of new U.S. unemployment insurance claims—released weekly—fell for the sixth consecutive week.

With yields on long-term U.S. Treasuries declining, the U.S. dollar is facing resistance on the upside. The USD/JPY pair has failed to hold above the key 110.00 level and is currently trading around 109.4. Meanwhile, cross-yen pairs are trending lower, though GBP/JPY is holding up relatively well.GBP/JPY is currently trading around 155.1, with the daily 20-day moving average (MA) appearing to act as support. GBP/USD has also reached the upper end of its trading range and is currently trading around 1.418.

Today, at 15:00 during Asian trading hours, UK GDP, UK industrial production, UK manufacturing output, and the UK trade balance will be released; during European trading hours, at 16:00, Turkish industrial production will be released, and at 17:30, the UKremarks by BOE Governor Bailey, remarks by BOE Deputy Governor Kanlif, and remarks by BOE Deputy Governor Ramsden; and during U.S. trading hours at 21:30, Canada’s Q1 Capacity Utilization Rate, and at 23:00, the U.S. University of Michigan Consumer Sentiment Index (Preliminary).As traders await the U.S. FOMC meeting scheduled for the start of the week, price movements may remain modest, so it is important to carefully assess the market’s direction.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Investors Should Keep an Eye on Economic Indicators and Key Officials' Remarks in U.S. Trading Hours

Next Article

Will the start of the week be quiet with markets in Australia, China, and Hong Kong closed?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking an interest in this feature.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours).

line Received notification of sudden price fluctuations (sharp rises or falls in exchange rates)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings