search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

Will European Currencies Rebound Against the Strong U.S. Dollar?

Market Report

Will European Currencies Rebound Against the Strong U.S. Dollar?

12.10.2021

Today's Highlights
  1. Germany: Wholesale Price Index
  2. Remarks by Clarida, Vice Chair of the Federal Reserve

Yesterday, in the U.S. market, the three major stock indices all continued to decline toward the close, with the S&P 500 ending at 4,361 points, down 0.69% from the previous day.The market was characterized by falling stock prices, flat interest rates, and rising crude oil prices. Selling pressure on major U.S. financial institutions—which are set to report earnings this week—also contributed to the decline. Additionally, Goldman Sachs’ downward revision of its U.S. economic growth forecasts for fiscal years 2021 and 2022 was another factor behind the drop in stock prices.

In the foreign exchange market, with the Dollar Index rising to 94.3, the euro-dollar pair is facing resistance at higher levels and is currently trading around 1.155.However, given that the daily RSI is positioned near 30—a relatively low level—it would be unwise to be overly optimistic about a sharp decline. In any case, it is best to monitor the situation closely without assuming a specific direction.

Today, at 3:00 p.m., the UK ILO unemployment rate and UK employment statistics, as well as the German wholesale price index; at 4:00 p.m., Turkish industrial production; at 6:00 p.m., the Eurozone ZEW Economic Sentiment Index; at 8:00 p.m., South African manufacturing output;at 9:00 PM, India’s industrial production index; at 10:00 PM, remarks by ECB President Lagarde; and at 12:15 AM, remarks by Fed Vice Chair Clarida. While keeping an eye on remarks by key figures during U.S. trading hours today, we’ll aim to assess the relative strength of the U.S. dollar and European 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

Will the U.S. Dollar Continue to Rise Amid Rising U.S. Treasury Yields?

Next Article

Caution Over Earnings Reports from Major U.S. Companies?
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 paying close attention to this feature.

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 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 one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for four hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within an 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