search

An incredible cashback rate!
40% of the spread!

Join Now

Should We Focus on the Upside Potential of European Currencies?

Market Report

  1. homeHOME
  2. Market Report
  3. Should We Focus on the Upside Potential of European Currencies?

Should We Focus on the Upside Potential of European Currencies?

07.09.2021

Today's Highlights
  1. Germany's ZEW Economic Sentiment Survey
  2. Europe: Second-Quarter GDP (Final Figures)

Yesterday, U.S. markets were closed for the Labor Day holiday, but the yield on the 10-year U.S. Treasury note rose to 1.34%, indicating a trend toward higher interest rates.Gold continues to trade sideways around the $1,800 level and is currently trading in the $1,821 range. BTC/USD rose slightly and is holding steady in the $52,000 range.

With U.S. markets closed, there has been little significant movement in the foreign exchange market, and the EUR/USD pair has been fluctuating up and down.The EUR/USD is currently trading around 1.187. From a technical perspective, the 20-period moving average (MA) on the 4-hour chart is providing support on the downside. However, if the pair rises again to around 1.189 and forms a double top, we should be wary of another decline, depending on how the U.S. dollar performs.

Today’s economic indicators include German industrial production and the UK Halifax house price index at 15:00; remarks by MPC member Saunders at 16:30; the German ZEW Economic Sentiment Survey, the Eurozone ZEW Economic Sentiment Survey, and Eurozone Q2 GDP(final figures), South Africa’s Q2 GDP at 18:30, and the U.S. 3-year Treasury auction at 26:00. As we enter the autumn trading season in September, I intend to closely monitor the situation to see if there will be any significant shifts in the relative strength of various currencies.

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

Keep an Eye on Currency Strength at the Start of the Week

Next Article

Should We Keep an Eye on European Currencies Ahead of the Policy Rate Announcement?
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" as shown 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).

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