search

An incredible cashback rate!
40% of the spread!

Join Now

Should We Be Wary of the Euro's Strength?

Market Report

  1. homeHOME
  2. Market Report
  3. Should We Be Wary of the Euro's Strength?

Should We Be Wary of the Euro's Strength?

19.05.2021

Today's Highlights
  1. European Consumer Price Index (Final Figures)
  2. U.S. FOMC April Meeting Minutes Released

Yesterday, stock prices continued to fall in the U.S. market, resulting in a scenario of falling stock prices, a weaker U.S. dollar, and flat interest rates.The fear index (VIX) rose above the 20 mark to 21.3. The yield on the 10-year U.S. Treasury note remained flat, settling in the 1.64% range. Additionally, Bitcoin plummeted to the $43,000 range.

In the foreign exchange market, the euro/yen pair hit a new high for the year during today’s Asian trading session and is currently trading around 133.26. From a technical perspective, the pair has already broken above the weekly resistance line, and with the next key level around 134.5, traders should pay close attention to today’s economic indicators to gauge the market’s direction.

Today, at 15:00, the UK Consumer Price Index, UK Retail Sales, and UK Producer Price Index will be released; at 18:00, the Eurozone Consumer Price Index (final reading);at 8:00 PM, South African retail sales and the U.S. MBA Mortgage Applications Index; at 9:30 PM, the Canadian Consumer Price Index and the Canadian Housing Price Index; at 11:00 PM, remarks by U.S. Federal Reserve Bank of St. Louis President Braid; at 11:30 PM, U.S. weekly crude oil inventories;at 24:35, remarks by U.S. Federal Reserve Bank of Atlanta President Bostic; at 26:00, the U.S. 20-year Treasury auction; and at 27:00, the release of the U.S. FOMC April meeting minutes are scheduled.We will continue to monitor the situation cautiously to see if there are any significant changes in currency strength and weakness midway through the week.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

All Eyes on the UK Employment Statistics?

Next Article

Should We Keep an Eye on the Strength and Weakness of European Currencies?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings