Market participants may be wary of price movements caused by position unwinding over the weekend

Market participants may be wary of price movements caused by position unwinding over the weekend

10.09.2021

Yesterday, the three major U.S. stock indices all fell further, leading to a market environment characterized by falling stock prices, falling interest rates, and falling oil prices. Bonds were bought, and the yield on the 10-year U.S. Treasury note fell to 1.31%. In the ECB policy rate announcement released yesterday, the policy rate was kept at 0.00%, which came as no major surprise.

Although the euro fell briefly following yesterday’s ECB policy rate decision, the EUR/JPY pair recovered during today’s Asian trading session. After briefly dropping to 129.63, the pair is currently trading around 129.99. Meanwhile, the euro has fallen sharply against the pound, with the EUR/GBP pair currently trading around 0.854.

Today’s economic indicators include the German Consumer Price Index, UK GDP, UK Industrial Production, UK Manufacturing Output, and UK Trade Balance at 3:00 PM; the FrenchIndustrial Production, and the UK Manufacturing Production Index; at 16:00, Turkey’s Unemployment Rate; at 18:30, remarks by ECB President Lagarde; at 21:30, Canada’s Unemployment Rate and the US Producer Price Index; at 22:00, remarks by Mester, President of the Cleveland Fed; and at 23:00, the US Wholesale Inventories (final reading).We will be closely monitoring how the various currencies, which have been gradually finding direction since the start of September, react to today’s weekend economic data releases.

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