Market participants may be on alert for key economic indicators due out in the U.S.
15.12.2021
- U.S. FOMC Policy Rate and Statement Release
- U.S. Weekly Crude Oil Inventories
Yesterday, the three major U.S. stock indices all fell further, resulting in a market environment characterized by falling stock prices, flat interest rates, and lower oil prices. The Semiconductor Index (SOX) dropped to 3,794, while gold also fell for the first time in three days, settling in the $1,770 range. BTCUSD, which had been declining, rose by about 2.8% and is currently trading in the $48,200 range.
In the foreign exchange market, GBP/JPY—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 that yesterday’s price action has begun to form a pattern of higher lows on the hourly chart, we will be watching to see if GBP/JPY can break through the resistance level of 150.75 with a solid candle.
Today’s schedule includes UK retail sales at 4:00 PM, France’s consumer price index at 4:45 PM, the US MBA mortgage applications index at 9:00 PM, Canada’s housing starts at 10:15 PM, Canada’s manufacturing sales at 10:30 PM, the US import price index, US retail sales,Canada’s Consumer Price Index, the 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.
Author: Keisuke Sakurai
