Will the trend of rising stock prices and strong currencies in resource-rich countries continue into the weekend?
24.09.2021
- Remarks by U.S. Federal Reserve Chair Powell
- Remarks by Clarida, Vice Chair of the Federal Reserve
Yesterday, the three major U.S. stock indices all rose by more than 1%, with the S&P 500 closing at 4,448 points, up 1.21% from the previous day. The number of new U.S. unemployment insurance claims released yesterday came in at 351,000, compared to the market forecast of 320,000, marking a deterioration for the second consecutive week; however, the impact on the market was limited.
As of yesterday, the New Zealand dollar was the strongest currency in the foreign exchange market, and the NZD/JPY pair continued its upward trend from the day before yesterday, rising by approximately 140 pips from 76.73 to 78.11. The AUD/JPY pair, another Oceania currency, has also risen from 79.3 to 80.6 without any significant pullbacks.
Today’s schedule includes the Turkish Economic Sentiment Index at 4:00 PM, the German IFO Business Climate Index at 5:00 PM, the UK CBI Retail Trade Survey at 7:00 PM, and at 9:45 PM, remarks by U.S. Federal Reserve Bank of Cleveland President Mester:Cleveland Fed President’s remarks, 11:00 PM: U.S. New Home Sales, U.S. Fed Chair Powell’s remarks, U.S. Fed Vice Chair Clarida’s remarks, U.S. Fed Governor Bowman’s remarks, 11:05 PM: U.S. George: Kansas City Fed President’s remarks, and 1:00 AM: U.S. Bostic: Atlanta Fed President’s remarks.With just one week left until the end of the month, I intend to carefully monitor market movements today, the final Friday of the week.
Author: Keisuke Sakurai
Past Market Reports
17.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
16.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
15.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
14.04.2026
Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?
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
10.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
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?
08.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
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
06.04.2026
Investors should be wary of sudden spikes in volatility while major markets are closed
