Investors may be wary of sharp price movements caused by month-end rebalancing

Investors may be wary of sharp price movements caused by month-end rebalancing

30.06.2021

Yesterday, the three major U.S. stock indices all rose slightly, with the Dow Jones Industrial Average closing at $34,292, up 0.03% from the previous day. Meanwhile, the Nasdaq and S&P 500 continued to hit new record highs; driven by tech stocks, the Nasdaq closed at 14,528 points, up 0.19% from the previous day.

In the foreign exchange market, the U.S. dollar is gradually gaining strength, and the USD/JPY pair is holding steady in the 110.49 range while other yen crosses are falling. Meanwhile, the GBP/JPY pair is falling more sharply, currently trading around 153.00 after briefly dipping below 153.00 to 152.6.

Today’s economic indicators include the UK’s Q1 GDP (final reading) and Q1 current account balance at 3:00 PM, France’s CPI (flash estimate) and PPI at 3:45 PM, Turkey’s trade balance at 4:00 PM,at 4:55 PM: Germany’s unemployment rate; at 6:00 PM: the Eurozone’s Consumer Price Index (flash estimate); at 8:00 PM: remarks by UK MPC member Holden; at 9:00 PM: remarks by US Atlanta Fed President Bostic; at 9:15 PM: US ADP National Employment Report; at 9:30 PM: Canada’s GDP;22:45: U.S. Chicago PMI, 23:00: U.S. Pending Home Sales, 23:30: U.S. Weekly Crude Oil Inventories, and 26:00: U.S. Remarks by Barkin, President of the Richmond Fed. As this is the last day of June, we will monitor price movements while remaining vigilant for sharp price swings caused by portfolio rebalancing.

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