All eyes on the Chicago Fed National Activity Index

All eyes on the Chicago Fed National Activity Index

25.10.2021

Last weekend, the three major U.S. stock indices saw mixed performance, with stock prices remaining flat, interest rates falling, and crude oil prices rising.WTI crude oil reached $84.65, setting a new high for the month. It continues to trade at elevated levels. The VIX (fear index) rose by about 3% to around 15.4. Saudi Arabia’s energy minister maintained a cautious stance regarding demand growth due to the impact of the pandemic and made remarks suggesting reluctance toward a significant increase in crude oil production.

In the foreign exchange market, the yen-buying trend that began last weekend has paused during today’s Asian trading session, and the EUR/JPY pair has rebounded from 132.00 to 132.60. From a technical perspective, the EUR/JPY pair continues to form lower highs and lower lows on the 4-hour chart, so we will need to wait and see whether this marks a clear reversal.

Today’s economic indicators include Turkey’s Economic Sentiment Index and Capacity Utilization Rate at 4:00 PM, followed by Germany’s Ifo Business Climate Index at 5:00 PM. As we move into U.S. trading hours, the Chicago Fed National Activity Index is scheduled for 9:30 PM, remarks by MPC member Tenreyro of the Bank of England at 10:00 PM, and the Dallas Fed Manufacturing Activity Index at 11:30 PM.This week, policy rate announcements are scheduled from the Bank of Japan, the Bank of Canada (BOC), and the European Central Bank (ECB). We will be closely monitoring how various currencies perform against one another.

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