Should We Be on Alert for Key Economic Indicators from the U.S.?
15.12.2021
- U.S. FOMC Policy Rate and Statement Announcement
- U.S. Weekly Petroleum Inventories
Yesterday, the three major U.S. stock indices all continued to fall, resulting in a market environment characterized by falling stock prices, flat interest rates, and lower crude oil prices.The Semiconductor Index (SOX) fell to 3,794, and gold also declined for the first time in three days, settling in the $1,770 range. BTCUSD, which had been falling, rose by about 2.8% and is trading in the $48,200 range.
In the foreign exchange market, the GBP/JPY pair—which had fallen below the key level of 150.00 during yesterday’s Asian session—has recovered and is currently trading around 150.61.Given yesterday’s price action, GBP/JPY is beginning to form a pattern of higher lows on the hourly chart, so we will be watching to see if it breaks through the resistance level of 150.75 with a solid candle.
Today’s schedule includes UK retail sales at 16:00, the French Consumer Price Index at 16:45, the US MBA Mortgage Applications Index at 21:00, Canadian housing starts at 22:15, Canadian manufacturing sales at 22:30,U.S. Import Price Index, U.S. Retail Sales, Canadian Consumer Price Index, U.S. New York Fed Manufacturing Index, U.S. Business Inventories at 12:00 a.m., U.S. Weekly Crude Oil Inventories at 12:30 a.m., and the FOMC policy rate decision and statement at 4:00 a.m.I plan to closely monitor the trends in each currency while keeping an eye on the FOMC results from early this morning and any significant price fluctuations.
