Market participants may be on alert for comments from key figures and interest rate trends in the U.S.

Market participants may be on alert for comments from key figures and interest rate trends in the U.S.

20.10.2021

Yesterday, the three major U.S. stock indices all rose, creating a risk-on market characterized by higher stock prices, higher interest rates, and higher oil prices. Gold fell back and is trading in the $1,773 range. The yield on the 10-year U.S. Treasury note stands at 1.66%. U.S. housing starts for September, released yesterday, came in at 1.555 million units, missing the forecast of 1.615 million units.

The foreign exchange market continues to see a trend of selling the yen and the U.S. dollar, with GBP/JPY hitting a new high for the year. It is currently trading around 158.09. The pair has already broken above the 200-day moving average on the monthly chart, and if the upward trend continues, the next target will likely be around 161.93. GBP/USD has also continued to rise, reaching 1.383.

Today’s schedule includes the UK Consumer Price Index, UK Retail Sales, and UK Producer Price Index at 3:00 PM; the Eurozone Consumer Price Index at 6:00 PM; the US MBA Mortgage Applications Index at 8:00 PM; the Canadian Consumer Price Index and Canadian House Price Index at 9:30 PM; US Weekly Crude Oil Inventories at 11:30 PM; and remarks by US Federal Reserve Bank of Chicago President Evans at 1:00 AM:Chicago Fed President Evans’ remarks, U.S. Atlanta Fed President Bostic’s remarks, U.S. St. Louis Fed President Bullard’s remarks, U.S. Minneapolis Fed President Kashkari’s remarks, at 1:00 AM: U.S. 20-year Treasury auction, U.S. Fed Chair Quarles’ remarks, and at 2:00 AM: U.S. Federal Reserve Bank District Economic Reports are scheduled.We should remain highly vigilant regarding recent movements in the U.S. dollar and closely monitor its relative strength against other currencies.

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