Attention is likely to focus on the results of the PMI (flash estimates) for various countries

Attention is likely to focus on the results of the PMI (flash estimates) for various countries

23.11.2021

Yesterday, two of the three major U.S. stock indices fell, resulting in a market environment characterized by falling stock prices, rising interest rates, and higher oil prices. WTI crude oil recovered to $76.30, while gold fell sharply in tandem with the rise in the U.S. dollar, dropping about 1.95% to around $1,810. The yield on the 10-year U.S. Treasury note is hovering around 1.63%.

In the foreign exchange market, the U.S. dollar emerged as the strongest currency, causing the euro/dollar pair to decline slightly from 1.129 to 1.122. However, the euro has maintained its strength against the pound, which is showing signs of strength, and the euro/pound pair is trading sideways around 0.838. Similarly, against the Australian dollar, the pair is trading sideways, with the euro/Australian dollar pair searching for direction around 1.554.

Today, at 5:15 PM, France’s Manufacturing/Services PMI; at 5:30 PM, Germany’s Manufacturing/Services PMI; at 6:00 PM, the Eurozone’s Manufacturing/Services PMI; at 6:30 PM, the UK’sUK Manufacturing/Services PMI, a speech by UK MPC member Haskell at 8:00 PM, US Manufacturing/Services PMI at 11:45 PM, a speech by UK BOE Governor Bailey at midnight, the US Richmond Fed Manufacturing Index, and a US 7-year Treasury auction at 3:00 AM. I plan to keep a close eye on the PMIs from various countries while monitoring the direction of the currency markets.

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