Market Participants May Be on Guard Amid a Series of Remarks by Key Figures in the U.S.
28.09.2021
- U.S. 7-Year Treasury Auction
- Bostic (U.S.): Remarks by the President of the Atlanta Federal Reserve Bank
Yesterday, in the U.S. market, two of the three major stock indices—the Nasdaq and the S&P 500—fell, resulting in a market environment characterized by falling stock prices, rising interest rates, and higher crude oil prices.The Russell 2000 rose about 1.46% from the previous day to close at 2,281. U.S. August durable goods orders, released yesterday, came in at 1.8%, beating the market forecast of 0.7%.
In the foreign exchange market, Oceania currencies were the strongest as of yesterday, with the AUD/USD pair rising from 0.726 to 0.731. From a technical perspective, the pair has been consistently pushing higher, and the focus will likely be on whether it can break above the 200-day moving average around 0.732.
Today’s schedule includes the German GfK Consumer Confidence Survey at 15:00, the French Consumer Confidence Index at 15:45, remarks by ECB President Lagarde at 21:00, U.S. Wholesale Inventories (flash estimate) at 21:30,remarks by a member of the Bank of Manchester’s MPC, at 22:00 the U.S. S&P/Case-Shiller Home Price Index, the U.S. Home Price Index, and remarks by U.S. Federal Reserve Bank of Chicago President Evans:Chicago Fed President’s remarks; at 23:00, U.S. Consumer Confidence Index, remarks by the Richmond Fed President, and Fed Chair Powell’s congressional testimony; at 26:00, U.S. 7-year Treasury auction;26:40: Remarks by U.S. Federal Reserve Governor Bowman; 28:00: Remarks by U.S. Atlanta Fed President Bostic; 8:00 the following day: Remarks by U.S. St. Louis Fed President Bullard are scheduled.We will monitor price movements while keeping an eye on currency strength and weakness as we approach the end of the month.
Author: Keisuke Sakurai
