U.S. – Brade: Should We Pay Attention to the St. Louis Fed President’s Remarks?

U.S. – Brade: Should We Pay Attention to the St. Louis Fed President’s Remarks?

11.01.2022

Yesterday, in the U.S. market, two of the three major stock indices—the Dow Jones Industrial Average and the S&P 500—fell, resulting in a market environment characterized by falling stock prices, flat interest rates, and lower oil prices. The yield on the 10-year U.S. Treasury note remained flat in the 1.76% range, while gold rose by about 0.4% and traded in the $1,762 range.

In the foreign exchange market, the GBP/USD pair has continued to rise gradually amid the US dollar’s weakness, hitting a new high for the month and trading around 1.359. The pair has rebounded steadily from last month’s low of 1.316, and the focus will likely be on whether it can reach its next target of 1.383.

Today’s schedule includes Turkey’s current account balance at 4:00 PM, South Africa’s manufacturing production and the U.S. NFIB Small Business Optimism Index at 8:00 PM, remarks by U.S. Federal Reserve Bank of Cleveland President Mester at 11:12 PM, and remarks by U.S. Federal Reserve Bank of Kansas City President George at 11:30 PM;Kansas City Fed President George, at 11:00 PM, the confirmation hearing for Fed Chair Powell, at 3:00 AM, the U.S. 3-year Treasury auction, and at 6:00 AM the next day, remarks by U.S. St. Louis Fed President Bullard. I plan to keep a close eye on remarks by key figures during U.S. trading hours 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