Attention may focus on remarks by a member of the Bank of England’s Monetary Policy Committee

Attention may focus on remarks by a member of the Bank of England’s Monetary Policy Committee

15.11.2021

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 saw rising stock prices, stable interest rates, and falling 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 COVID-19," 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 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: Turkey’s housing 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 Canada’s manufacturing shipments andCanada’s wholesale sales and the US New York Fed Manufacturing Index at 6:30 PM, Canada’s existing home sales at 11:00 PM, and remarks by UK BOE Governor Bailey, UK MPC member Pill, UK MPC member Mann, and UK MPC member Saunders at 11:30 PM. We will monitor price movements while keeping an eye on the balance between the US dollar—which is facing resistance—and European 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