Investors should watch for movements in the U.S. dollar following the release of U.S. employment data

Investors should watch for movements in the U.S. dollar following the release of U.S. employment data

07.01.2022

Yesterday, the three major U.S. stock indices all fell further, resulting in a market environment characterized by falling stock prices, rising interest rates, and higher oil prices. The yield on the 10-year U.S. Treasury note has risen to 1.71%. The VIX (fear index) has stabilized somewhat and is currently hovering around 19.6. BTSUSD continued to decline today, falling to around $41,230.

In the foreign exchange market, the Dollar Index continues to trade sideways around 96.21, while the euro/dollar pair is moving without a clear direction and is currently hovering around 1.130. From a technical perspective, since the euro/dollar pair has not yet broken out of the trading range it has been in since last month, a significant trend is likely to emerge if it breaks decisively below 1.123 or above 1.138.

Today’s schedule includes the UK Halifax House Price Index at 16:00 (European time), Swiss Retail Sales at 16:30, French Industrial Production at 16:45, the UK Construction PMI at 18:30, and the Eurozone Consumer Price Index at 19:00. Once U.S. trading hours begin, the U.S. Employment Report will be released at 22:30,Canada’s unemployment rate at 22:30, the Ivey PMI at 24:00, remarks by San Francisco Fed President Daly at 25:00, and remarks by Atlanta Fed President Bostic at 26:15. I plan to keep a close eye on the US employment report results while monitoring currency strength and weakness.

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