Be on the lookout for significant price movements following the FOMC meeting

Be on the lookout for significant price movements following the FOMC meeting

22.09.2021

Yesterday, the three major U.S. stock indices saw mixed performance, resulting in a market environment characterized by flat stock prices, flat interest rates, and falling oil prices. WTI crude oil briefly dipped below the key $70 level, falling to $69.3, but is currently trading around $71.2. Gold has risen to the $1,776 range.

In the foreign exchange market, with the U.S. dollar on the decline, European currencies and the U.S. dollar remain locked in a tight battle, and the EUR/USD pair is trading within a range of 1.170 to 1.175. The EUR/USD pair has not yet recovered from the sharp drop two days ago, and the focus will likely be on whether it can hold above the support level at 1.166, which is the recent low on the daily chart.

Today’s schedule includes a press conference by Bank of Japan Governor Kuroda at 3:30 p.m. (Asia time), the Turkish Consumer Confidence Index at 4:00 p.m. (Europe time), the South African Consumer Price Index at 5:00 p.m., the U.S. MBA Mortgage Applications Index at 8:00 p.m., U.S. Existing Home Sales at 11:00 p.m. (U.S. time), U.S. Weekly Crude Oil Inventories at 11:30 p.m.,at 27:00, the U.S. FOMC policy rate decision and statement, and at 27:30, a press conference by U.S. Federal Reserve Chair Powell. We will be closely monitoring today’s FOMC meeting to see how much progress is made in the tapering discussions.

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