Should We Keep an Eye on Price Movements This Friday?
19.11.2021
- Remarks by ECB President Lagarde
- Remarks by Clarida, Vice Chair of the Federal Reserve
Yesterday, two of the three major U.S. stock indices rose, resulting in a market environment characterized by higher stock prices, lower interest rates, and higher crude oil prices. WTI crude oil rose about 2.5% to $79.0 per barrel, while the fear index (VIX) also rose about 2.8% to 17.5.The number of new U.S. unemployment insurance claims released yesterday rose from the previous reading to 268,000, exceeding market expectations of 260,000.
In the foreign exchange market, the New Zealand dollar emerged as the strongest currency as of yesterday, and the AUD/NZD pair—which had been on a downward trend—rebounded, rising from 1.031 to 1.034.However, from a technical perspective, the AUD/NZD pair has been forming lower lows and lower highs on the 4-hour chart, so if you’re considering a long position, you’ll want to wait until it clearly breaks above its previous high.
Today’s schedule includes UK retail sales at 16:00, the German Producer Price Index at 17:30, remarks by ECB President Lagarde at 17:30, remarks by MPC member Pill at 21:00, remarks by German Bundesbank President Weidmann at 22:00,at 10:30 p.m., Canadian retail sales; at 12:45 a.m., remarks by Federal Reserve Governor Waller; at 2:15 a.m., remarks by Federal Reserve Vice Chair Clarida; and at 3:00 a.m., remarks by ECB President Lagarde.We will carefully assess whether any major trends emerge in the markets this Friday.
