All eyes are on the results of the U.S. ISM Manufacturing Index
01.02.2022
- UK Manufacturing PMI
- MIS Manufacturing Index
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. The VIX (fear index) fell by about 10% to 24.8, and the Chicago Purchasing Managers’ Index (PMI) released yesterday came in at 65.2, significantly exceeding the market forecast of 61.8.WTI crude oil closed above $88 and is currently trading in the $88.5 range.
Ahead of the policy rate announcement the day after tomorrow, the pound is trading in a directionless manner in the foreign exchange market, with GBP/JPY currently hovering around 154.62. From a technical perspective, since GBP/JPY remains within an upward channel on the hourly chart, the key will be whether it can rebound after touching the lower boundary around 154.38.
Today, German retail sales are scheduled for 4:00 PM, the French Consumer Price Index (flash estimate) for 4:45 PM, the Swiss Manufacturing PMI for 5:30 PM, the German unemployment rate for 5:55 PM, the UK Manufacturing PMI and UK mortgage approvals for 6:30 PM, the Eurozone unemployment rate for 7:00 PM, and Canadian GDP for 10:30 PM.U.S. Manufacturing PMI at 11:45 PM, U.S. ISM Manufacturing Index, U.S. JOLTS Survey, and U.S. Construction Spending at 12:00 AM. Be on the lookout for significant price movements starting during European trading hours as these indicators are released in quick succession.
Past Market Reports
20.04.2026
With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
17.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
16.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
15.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
14.04.2026
Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?
13.04.2026
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
10.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
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?
08.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
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
