Should we focus on the strength of the euro, which is rebounding?

Should we focus on the strength of the euro, which is rebounding?

26.11.2021

Yesterday, U.S. markets were closed for the Thanksgiving holiday, and the yield on the 10-year U.S. Treasury note fell to 1.59%.WTI crude oil also continued to fall, reaching $77.00 per barrel, while gold, after a decline, has remained range-bound around $1,793. Meanwhile, the Nikkei 225 faces a strong resistance at the 30,000-yen level, having fallen below 29,000 yen to trade in the 28,800-yen range.

In the foreign exchange market, the EUR/USD pair rebounded slightly as the U.S. dollar faced resistance at higher levels, rising from 1.119 to 1.123. On the daily chart, the pair remains below the 10-day moving average, and since the RSI has turned upward after dipping below 30, we need to carefully assess whether this rebound will continue. Additionally, the euro has strengthened against the pound, another European currency, with the EUR/GBP pair rising to 0.843.

Today’s economic indicators include Germany’s Import Price Index at 4:00 PM, France’s Consumer Confidence Index at 4:45 PM, Switzerland’s Q3 GDP at 5:00 PM, remarks by ECB President Lagarde, the UK’s CBI Retail Trade Survey at 8:00 PM, and remarks by MPC member Pill at 10:00 PM.With the U.S. market reopening after a holiday, we will be closely monitoring whether significant price movements occur across various currencies.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   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

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 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?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 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

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed