Attention on remarks by a member of the Bank of England’s Monetary Policy Committee
15.11.2021
- Remarks by Bank of England Governor Bailey
- Remarks by a Member of the Bank of England’s Monetary Policy Committee
Last weekend, all three major U.S. stock indices rose, with the Dow Jones Industrial Average rebounding for the first time in four days. The market was characterized by rising stock prices, stable interest rates, and falling crude oil prices.WTI crude oil fell below $80, dropping to $78.90 per barrel. In an interview on the 14th, U.S. Treasury Secretary Yellen stated that “the current inflation is driven by the novel coronavirus,” indicating her view that bringing the pandemic under control is key to curbing rising inflation.
In the foreign exchange market, with the Dollar Index holding steady around 95.0, the euro/dollar pair rebounded slightly after hitting this month’s low of 1.143 and is currently hovering around 1.145. On the weekly chart, the euro/dollar pair has broken well below the 200-day moving average, and we will be watching closely to see if the decline continues.
Today’s economic indicators include Turkish home sales at 4:00 PM, remarks by UK MPC member Haskell at 6:30 PM, the Eurozone trade balance and remarks by ECB President Lagarde at 7:00 PM, and Canadian manufacturing shipments at 10:30 PM,Canada’s Wholesale Sales and the U.S. NY Fed Manufacturing Index at 18:30, Canada’s Existing Home Sales at 23:00, and remarks by UK BOE Governor Bailey, UK MPC Director Pill, UK MPC Member Mann, and UK MPC Member Saunders at 23:30. We will monitor price movements while keeping an eye on the balance between the U.S. dollar, which is facing resistance on the upside, and European currencies.
Author: Keisuke Sakurai
