-
Japan Currency Intervention: Data from the Bank of Japan (BoJ) suggest that authorities conducted an FX intervention worth approximately 5.4 trillion yen. The yen strengthened momentarily against the US dollar, but we are observing a broader strengthening of the US currency across the general market.
- Solid UK Manufacturing Data: The final reading of the Manufacturing PMI for the UK came in at 53.7, which proved better than forecasts (53.3) and the previous reading (53.6). Despite this, UK100 (FTSE 100) contracts are recording declines of about 0.5% in low liquidity conditions.
- Labor Day in Europe: Most European markets remain closed today due to Labor Day celebrations, resulting in significantly reduced liquidity on the continent.
- Wall Street Situation: Futures on US indices (S&P 500, Dow Jones) show minimal gains or stabilization after reaching record levels in the previous session. Investors are reacting to strong tech results (including Apple) and a robust earnings season. After initial gains, the US100 is falling compared to yesterday's historical peaks.
- Gold: We are observing significant price drops for the bullion, which is trading around $4,565 per ounce, losing approximately 1.2% in value.
- Crude Oil: Oil prices saw gains during the first phase of the session, but after 12:00 PM CET, we are observing a clear negation of earlier moves. WTI is losing about 0.1%, while Brent is rising by less than 0.05%. Yesterday's strong increases were related to month-end flows and the closing of the June Brent crude futures contract, which adjusted to prices quoted on the physical market.
- Cocoa: Prices are pulling back after yesterday's strong gains. Excluding the recent futures rollover, prices reached their highest levels since mid-February.
- Bitcoin is strengthening by over 1% and has reached the $77,000 level.
- Important US Economic Data: Today at 4:00 PM CET, the ISM Manufacturing Index for the US will be published. A rebound to the 53.1 level is expected, compared to the previous level of 52.3. It is worth noting that the price sub-index is expected to rise to 80, which would be the first time it has exceeded this level since mid-2022.
It is said that the BoJ bought 5.4 trillion yen on the market yesterday. Source: Bloomberg Finance LP
The USDJPY lays above 200-SMA which should be considered as crucial support. Source: xStation5
Chart of the Day: Intervention on the Yen? Tokyo Challenges Speculators (01.05.2026)
⏰US500 nears record highs ahead of Fed
Daily summary: Uncertainty grips the market amid earnings season
Costly war and lucrative contracts: Rebuilding ammo stocks after the Iran War
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
