Attention on the University of Michigan Consumer Sentiment Index

Attention on the University of Michigan Consumer Sentiment Index

23.12.2021

Yesterday, the three major U.S. stock indices all extended their gains, resulting in a market environment characterized by rising stock prices, falling interest rates, and higher oil prices.WTI crude oil continued to rise, trading around $72.90, while gold rebounded to recover the $1,800 level, currently trading in the $1,805 range. The U.S. December Consumer Confidence Index, released yesterday, came in at 115.8, exceeding the market forecast of 111.0, indicating an improved outlook for employment and the economy.

In the foreign exchange market, while cross-yen pairs saw significant gains, the USD/JPY pair faced resistance at higher levels and closed with a bullish doji candle featuring an upper shadow on the daily chart. Technically, the USD/JPY pair rose above its recent high of 114.27 on the 4-hour chart, touching 114.37 before falling back; on the hourly chart, it is beginning to form a head-and-shoulders pattern. We will wait and see if any movement emerges during U.S. trading hours.

Today, the German Import Price Index is scheduled for 4:00 PM CET, followed by Canadian GDP, U.S. Initial Jobless Claims, U.S. Durable Goods Orders, U.S. Personal Income, and the U.S. Core PCE Deflator at 10:30 PM EST. At midnight EST, U.S. New Home Sales and the University of Michigan Consumer Sentiment Index are scheduled, and at 12:30 AM EST, U.S. Weekly Natural Gas Inventories are set to be released.We will be watching closely to see if any major changes occur before the Christmas holidays in Europe and the U.S.

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