All eyes are on the release of the FOMC minutes in U.S. time

All eyes are on the release of the FOMC minutes in U.S. time

05.01.2022

Yesterday, the three major U.S. stock indices saw mixed performance, with stock prices remaining flat amid rising interest rates and higher oil prices. The yield on the 10-year U.S. Treasury note briefly touched 1.68% and is currently trading in the 1.65% range. Although cryptocurrency prices are facing resistance at higher levels, they remain unchanged from yesterday, with BTC/USD trading in the $46,100 range.

In the foreign exchange market, the euro is showing signs of weakness and has been falling against the pound, another European currency; the EUR/GBP pair has declined for three consecutive days, dropping from 0.839 to 0.833. From a technical perspective, the EUR/GBP pair has broken well below the daily low of 0.838 since the start of the year, and with the next target being the monthly low of 0.828, investors should be cautious of further declines.

Today’s economic indicators include the French Consumer Confidence Index at 4:45 PM, the French Services PMI (final reading) at 5:50 PM, the German Services PMI (final reading) at 5:55 PM, the Eurozone Services PMI (final reading) at 6:00 PM,the U.S. MBA Mortgage Applications Index at 9:00 PM, the U.S. ADP National Employment Report at 10:15 PM, Canadian Housing Starts at 10:30 PM, the U.S. Services PMI (final reading) at 11:45 PM, U.S. Weekly Crude Oil Inventories at 12:30 AM, and the release of the U.S. FOMC December Meeting Minutes at 4:00 AM.We should pay close attention to the release of these indicators during U.S. trading hours and assess currency strength.

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