Should We Keep an Eye on Price Movements at the Start of the Last Week of December?
27.12.2021
- Turkey - Economic Sentiment Index
- Dallas Fed Manufacturing Activity Index
Last weekend, U.S. markets were closed for Christmas, and the yield on the 10-year U.S. Treasury note fell slightly to 1.48%.In Japan, where the stock market was open, the Nikkei 225 closed at 28,676 yen, down about 0.37% from the previous day. The Mothers Index fell 1.8% to close at 985.
The foreign exchange market opened without any significant gaps, with the euro trading weaker; the EUR/JPY pair is showing a more pronounced decline compared to other yen crosses.Last weekend, the EUR/JPY peaked at 129.76 and then fell to 129.20 amid low volatility; it has yet to recover during today’s Asian session. However, since the 4-hour chart shows a pattern of making new highs, we will be watching closely to see if the decline comes to a halt.
Today, the Turkish Economic Sentiment Index and Turkish Capacity Utilization Rate are scheduled for 4:00 p.m., the Dallas Fed Manufacturing Activity Index is scheduled for 12:30 a.m., and the U.S. 2-year Treasury auction is scheduled for 3:00 a.m.Although there are no major economic indicators scheduled for release this week, the U.S. Initial Jobless Claims and the U.S. Chicago PMI are set to be released on Thursday, the 30th. This is the last week of the year, but since markets in Europe and the U.S. will operate as usual, traders should remain vigilant for sudden, significant price movements.
Author: Keisuke Sakurai
