Market participants may be on alert due to the overlapping release of economic indicators during U.S. trading hours
15.06.2021
- U.S. Retail Sales
- UK Employment Statistics
Yesterday, stock prices in both European and U.S. markets were mixed, resulting in a market characterized by flat stock prices, flat commodity prices, and rising interest rates. Gold, which had plummeted alongside the rise in the U.S. dollar, recovered to half of its losses and is currently trading around $1,862. The fear index (VIX) rose slightly to 16.39.
In the foreign exchange market, the pound is regaining momentum, and the GBP/JPY pair is currently attempting to rise, hovering around 155.37. From a technical perspective, the pair has already broken above the downtrend line on the 4-hour chart, and depending on the results of today’s UK employment data, further gains are possible. However, the UK has just decided to extend the lockdown—which was scheduled to end on the 21st of this month—by four weeks, and the situation regarding the containment of the COVID-19 outbreak remains far from certain.
Today, at 3:00 PM, UK employment figures and German CPI will be released; at 3:45 PM, the final French CPI will be released; and at 6:00 PM, the Eurozonetrade balance, US retail sales, the New York Fed Manufacturing Index, and the US Producer Price Index at 9:30 PM US time, Canadian existing home sales at 10:00 PM, US industrial production and the US capacity utilization rate at 10:15 PM, and US business inventories and the US NAHB Housing Market Index at 11:00 PM.I will be closely monitoring today’s economic releases to see if they bring any changes to the current trend.
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
