Should investors be on alert for key U.S. economic indicators?

Should investors be on alert for key U.S. economic indicators?

01.09.2021

Yesterday, the three major U.S. stock indices all fell, resulting in a market environment characterized by falling stock prices, rising interest rates, and flat crude oil prices. The U.S. August Consumer Confidence Index, released yesterday, came in at 113.8, falling short of the market forecast of 124.0 and dropping below the previous reading to reach its lowest level in six months. Gold has surpassed the key $1,800 level and is currently trading around $1,815.

As yields on 10-year U.S. Treasuries rise, the upside for the U.S. dollar remains limited, and the AUD/USD pair continues its upward trend based on Dow Theory. The AUD/USD is currently trading around 0.731. From a technical perspective, with the pair approaching the 200-period simple moving average (SMA) on the 4-hour chart, we will be watching closely to see if it continues to rise.

Today, at 3:00 PM, UK Nationwide House Price Index and German Retail Sales; at 4:00 PM, Turkey’s Q2 GDP and Manufacturing PMI; at 5:30 PM, UK Manufacturing PMI (final);at 9:00 PM, remarks by Bundesbank President Weidmann; at 9:15 PM, U.S. ADP National Employment Report; at 10:45 PM, U.S. Manufacturing PMI (final);23:00: US ISM Manufacturing Index and US Construction Spending; 23:30: US Weekly Crude Oil Inventories; 25:00: Remarks by Bostic, President of the Atlanta Fed. I intend to watch the market cautiously to see if today’s key indicators will trigger significant price movements at the start of the month.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 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

4. 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?

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 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?

8. 08.04.2026

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

9. 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

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed