Keep an eye on key economic indicators in the U.S.

Keep an eye on key economic indicators in the U.S.

01.07.2021

Yesterday, European markets fell across the board, while U.S. markets closed mixed, resulting in a trading session characterized by flat stock prices, flat interest rates, and a stronger U.S. dollar. WTI crude oil traded sideways around $73.80, while gold rebounded, recovering to the $1,774 level.

In the foreign exchange market, the U.S. dollar continued to rise as the U.S. ADP National Employment Report released yesterday came in stronger than expected, despite resistance at higher levels for the 10-year U.S. Treasury yield. The GBP/USD pair fell from 1.387 to 1.379. The AUD/USD pair also declined, dropping from yesterday’s high of 0.752 to 0.748.

Today’s key economic indicators include German retail sales at 3:00 PM during Asian trading hours, the Swiss Consumer Price Index at 3:30 PM, remarks by ECB President Lagarde at 4:00 PM during European trading hours, remarks by BOE Governor Bailey at 5:00 PM, the UK Manufacturing PMI (final reading) at 5:30 PM,8:30 PM: U.S. Challenger Job Cuts, 9:30 PM U.S. time: U.S. Initial Jobless Claims, 10:45 PM: U.S. Manufacturing PMI (final reading),23:00: US ISM Manufacturing PMI and US Construction Spending; 23:30: US Weekly Natural Gas Inventories; 27:00: Remarks by Bostic, President of the Atlanta Fed. We will monitor price movements while paying close attention to the correlation between the US dollar—which is beginning to show a clear direction—and European currencies.

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