With markets in Australia, China, and Hong Kong closed, will this be a quiet start to the week?
14.06.2021
- Remarks by Bank of England Governor Bailey
- Canada: Manufacturing Revenue
Last weekend, the three major U.S. stock indices all rose. The market entered a risk-on phase characterized by rising stock prices, a stronger U.S. dollar, and stable interest rates. WTI crude oil has risen for three consecutive days, breaking through the key $70.00 level and currently trading in the $71.18 range. Gold fell alongside the strengthening U.S. dollar, dropping from $1,903 to the $1,860 range.
The strong U.S. dollar is affecting various currencies, causing GBP/USD to fall to around 1.410, near the lower end of its trading range. From a technical perspective, the pair found support at the 200-period SMA on the 4-hour chart once before; we will be watching closely to see if it holds as support this time. Additionally, while yen crosses are trading near their highs, AUD/JPY is gradually forming lower highs, so we should remain cautious of a potential decline.
Today, the following releases are scheduled: Swiss producer and import prices at 3:30 PM, Turkey’s current account balance at 4:00 PM, Eurozone industrial production at 6:00 PM, Canadian manufacturing sales at 9:30 PM, and remarks by Bank of England Governor Bailey at 10:00 PM. No other major economic indicators or key speeches are scheduled.Additionally, since markets in Australia, China, and Hong Kong will be closed today due to public holidays, traders should also be mindful of volatility in Oceania currency pairs.
Past Market Reports
17.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
16.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
15.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
14.04.2026
Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?
13.04.2026
Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures
10.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
09.04.2026
Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?
08.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
07.04.2026
Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran
06.04.2026
Investors should be wary of sudden spikes in volatility while major markets are closed
