Should we keep an eye on the euro’s movements in a risk-on market?

Should we keep an eye on the euro’s movements in a risk-on market?

16.02.2022

Yesterday, stock indices in both European and U.S. markets rebounded sharply across the board. With the situation in Ukraine stabilizing, the Euro 50 closed at 4,143, up 1.95% from the previous day. WTI crude oil, which had been rising, fell by about 5% to $90.00. As the market shifted from risk-off to risk-on sentiment, gold also fell back by about 1.3% to $1,852.

The euro has been performing strongly in the foreign exchange market, with the EUR/USD pair rebounding from 1.128 to 1.136.On the hourly chart, the EUR/USD pair is currently finding support at the 20-day moving average (MA) on the downside while facing resistance at the 200-day exponential moving average (EMA) on the upside. Since it is positioned midway between 1.123 and 1.140 on the 4-hour chart, we will be watching price movements following today’s release of the U.S. FOMC minutes to see which direction the market will lean.

Today, at 4:00 PM, the UK Consumer Price Index, UK Producer Price Index, and UK Retail Price Index will be released; at 5:00 PM, the South African Consumer Price Index; at 7:00 PM, the EurozoneIndustrial Production, South African Retail Sales at 8:00 PM, the U.S. MBA Mortgage Applications Index at 9:00 PM, the U.S. Import Price Index, Canadian Wholesale Sales, Canadian Manufacturing Sales, and the Canadian Consumer Price Index at 10:30 PM, and U.S. Industrial Production at 11:15 PM, followed by the release of the U.S. FOMC Minutes at 4:00 AM.We will be watching the euro’s price movements from the European session through the U.S. session following the easing of geopolitical risks.

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