All eyes are on ECB President Lagarde’s remarks

All eyes are on ECB President Lagarde’s remarks

16.12.2021

Yesterday, the three major U.S. stock indices all rebounded, creating a bullish market characterized by rising stock prices, interest rates, and oil prices. The yield on the 10-year U.S. Treasury note rose slightly to 1.46%, while the VIX (fear index) fell below the benchmark level of 20 to around 19.2. Although the U.S. Federal Open Market Committee (FOMC) meeting yesterday was perceived as more hawkish than market expectations, it concluded without major disruption.

In the foreign exchange market, the EUR/USD pair fell temporarily immediately after yesterday’s FOMC meeting, touching 1.122, but is now attempting to rise during today’s Asian trading session. However, from a technical perspective, the EUR/USD pair is forming a pattern on the 4-hour chart where both highs and lows are being lowered, so we will closely monitor whether it will be held back by the 4-hour 120-day moving average and continue to decline.

Today, at 5:15 PM, France’s Manufacturing/Services PMI; at 5:30 PM, Germany’s Manufacturing/Services PMI and the SNB’s policy rate and statement; at 6:00 PM, the Eurozone’s Manufacturing/Services PMI; at 6:30 PM, the UK’s Manufacturing/Services PMI; at 8:00 PM, Turkey’s TCMB policy rate and statement; at 9:00 PM, the UK’sBOE policy rate and statement release, 21:45: Eurozone ECB policy rate and statement release, 22:30: Eurozone ECB President Lagarde press conference, US initial jobless claims, US Philadelphia Fed Business Outlook Index, 23:15: US industrial production, and 23:45: US Manufacturing/Services PMI are scheduled.I plan to keep a close eye on currency strength and weakness while paying close attention to ECB President Lagarde’s remarks today.

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