Investors should keep a close eye on price movements this weekend following the release of the U.S. CPI data

Investors should keep a close eye on price movements this weekend following the release of the U.S. CPI data

11.02.2022

In U.S. markets yesterday, the U.S. dollar surged after the U.S. Consumer Price Index (CPI) came in higher than expected at 7.5%. The EUR/USD pair initially rose but then broke below the lower boundary of its trading range at 1.140, falling to 1.137. A key point to watch is whether the EUR/USD pair can decisively break above 1.138—the level near the 200-period simple moving average (SMA)—with a solid body on the candlestick.

Among European currencies, the euro has weakened slightly against the pound, with the EUR/GBP pair falling back from 0.844 to 0.841. The GBP/USD pair has begun to break below the 1.351–1.358 range it had been trading within, and since it has now fallen below the 200-day SMA on the hourly chart, we will be watching closely to see if it continues to decline during today’s U.S. trading session.

Today, the following releases are scheduled: at 16:00 CET, the UK’s Q4 GDP (flash estimate), UK industrial production, UK manufacturing output, and UK goods trade balance; at 16:30 CET, the German Consumer Price Index and Turkish industrial production; and at 24:00 EST, the University of Michigan Consumer Sentiment Index.With Japanese markets closed for a holiday, I intend to closely monitor whether any significant price movements occur during U.S. trading hours this Friday.

Past Market Reports

1. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 20.04.2026New

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

3. 17.04.2026New

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

4. 16.04.2026New

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

5. 15.04.2026New

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

6. 14.04.2026

   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

7. 13.04.2026

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

8. 10.04.2026

   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?

9. 09.04.2026

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

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran