Market participants may be on alert for significant price movements on the last Friday of the month

Market participants may be on alert for significant price movements on the last Friday of the month

29.10.2021

Yesterday, the three major U.S. stock indices all rose, creating a risk-on sentiment characterized by higher stock prices, lower interest rates, and higher oil prices.WTI crude oil briefly fell to $80.70 but rebounded and is currently trading around $82.80 per barrel. U.S. initial jobless claims released yesterday came in at 281,000, compared to the market forecast of 288,000, marking the third consecutive week below 300,000.

In the foreign exchange market, European currencies have been performing strongly, and yesterday, following the ECB’s policy rate announcement, the euro emerged as the strongest currency. The euro has also been gaining ground against the pound, another European currency, with the EUR/GBP pair rising from 0.840 to 0.847. However, from a technical perspective, the EUR/GBP pair is currently trading just above the 20-day moving average, so we need to exercise caution in assessing whether this upward trend will continue.

Today, at 3:45 PM, France’s Consumer Price Index; at 4:00 PM, Switzerland’s KOF Leading Index; at 5:00 PM, Germany’s Q3 GDP (flash estimate);UK Mortgage Approvals at 5:30 PM, the Eurozone Consumer Price Index at 6:00 PM, U.S. Personal Income, U.S. Personal Spending, and the U.S. September PCE Deflator at 9:30 PM, and Canadian GDP at 10:45 PM, followed by the U.S. Chicago PMI at 10:45 PM and the U.S. University of Michigan Consumer Sentiment Index at 11:00 PM.We will closely monitor whether price movements on the last Friday of the month will see significant changes.

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