Should investors be wary of price movements over the weekend of the first week of the month?

Should investors be wary of price movements over the weekend of the first week of the month?

02.07.2021

Yesterday, the three major U.S. stock indices all rose, resulting in a market environment characterized by rising stock prices, a stronger U.S. dollar, and stable interest rates. WTI crude oil rebounded and is trading around $75.30, while gold is moving in tandem with the U.S. dollar and has risen to $1,779. The yield on the 10-year U.S. Treasury note has remained stable and is currently around 1.46%.

While U.S. long-term bond yields continue to face resistance on the upside, the U.S. dollar remains firm. The Dollar Index has extended its gains to 92.5, reaching levels not seen since April 6 of this year. Combined with the pound’s weakness, GBP/USD has plummeted to 1.375.From a technical perspective, there is no support until 1.366 on the daily chart, so this is a situation where we need to pay close attention to today’s U.S. employment report. The Canadian dollar is also strong, much like the U.S. dollar. The USD/CAD pair surged during U.S. trading hours yesterday, temporarily rising to 1.244, but it is currently falling on the 4-hour chart, making this a situation worth watching.

Today’s economic indicators include French government spending at 3:45 p.m., the Eurozone Producer Price Index at 6:00 p.m., and—during U.S. trading hours—Canada’s trade balance and housing starts at 9:30 p.m., remarks by ECB President Lagarde, U.S. employment data and the U.S. trade balance, and the U.S. manufacturing orders index at 11:00 p.m.We will be closely monitoring price movements over the weekend of the first week of the month.

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