Market participants may be on guard following 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 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, the Australian dollar emerged as the strongest currency in Oceania as of yesterday, rising from 0.726 to 0.731 against the U.S. dollar. From a technical perspective, the currency has firmly broken above its previous low, 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 3:00 PM, the French Consumer Confidence Index at 3:45 PM, remarks by ECB President Lagarde at 9:00 PM, U.S. Wholesale Inventories (flash estimate) at 9:30 PM,UK MPC Member Mann’s remarks at 21:45, US S&P/Case-Shiller Home Price Index and US Home Price Index at 22:00, US Chicago Fed President Evans’ remarks at 22:00, US Consumer Confidence Index at 23:00, US Richmond Fed President’s remarks at 23:00, US Fed Chair Powell’s Congressional Testimony at 26:00, US 7-Year Treasury Auction at 26:00,26:40: 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. We will monitor price movements while paying close attention to currency strength and weakness heading into the final day of the month.
Author: Keisuke Sakurai
