Be on the lookout for statements from key figures scheduled during U.S. business hours

Be on the lookout for statements from key figures scheduled during U.S. business hours

29.06.2021

Yesterday, U.S. stock prices rose, with the S&P 500 edging higher to a new record high. Although the U.S. Dallas Fed Manufacturing Index for June (month-over-month), released yesterday, came in at 31.1—below expectations—it remained at a high level, indicating the strength of the manufacturing sector. However, with COVID-19 cases surging again in Israel, which has the world’s highest vaccination rate, the market did not shift fully into “risk-on” mode.

In the foreign exchange market, the yen index stands at 90.4, its lowest level since March of this year, reflecting the yen’s weakness. However, cross-yen pairs are trending lower, with the euro/yen falling for the fifth consecutive day and currently trading around 131.7. The Canadian dollar/yen is also declining and is currently trading around 85.59.

Today’s economic indicators include the UK Nationwide House Price Index at 3:00 PM, the French Consumer Confidence Index at 3:45 PM, the Turkish Economic Confidence Index at 4:00 PM, UK Mortgage Approvals at 5:30 PM, the German Consumer Price Index (flash estimate) at 9:00 PM,22:00: US S&P/Case-Shiller Home Price Index and US Home Price Index, remarks by Barkin, President of the Richmond Fed; 22:40: remarks by Lagarde, ECB President; 23:00: US Consumer Confidence Index; and 25:00: remarks by Weidmann, President of the German Bundesbank.While remaining vigilant about end-of-month price movements, we will focus on the direction of the U.S. dollar.

Past Market Reports

1. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 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

7. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 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?

9. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 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