Market participants may be on guard against significant price fluctuations amid inflation concerns in various countries

Market participants may be on guard against significant price fluctuations amid inflation concerns in various countries

11.03.2022

In yesterday’s U.S. currency markets, the U.S. dollar rose following the release of the U.S. Consumer Price Index (CPI, year-over-year) results. The GBP/USD pair fell from 1.319 to 1.306. From a technical perspective, the GBP/USD pair is on track to break below the 200-day simple moving average (SMA) on the weekly chart with this week’s closing candle, so investors should remain cautious about further downside potential.

European currencies are seeing sporadic selling on disappointment regarding the euro, as the ECB left its policy rate unchanged at 0% at yesterday’s monetary policy meeting and limited its comments to stating that “interest rate hikes will come some time after the end of quantitative easing.” The EUR/AUD pair fell by approximately 250 pips from 1.515 to 1.491. Amid geopolitical risks, the market is currently searching for direction.

Today, the following data releases are scheduled: at 16:00 CET, UK GDP, UK industrial production, UK manufacturing output, UK trade balance, and Germany’s consumer price index (final reading); and at 22:30 EST, Canada’s unemployment rate and net change in employment; and at 24:00 EST, the University of Michigan Consumer Sentiment Index (preliminary reading).In addition to the uncertain outlook for the situation in Ukraine, we will closely monitor market movements as they are caught between rising inflation in various countries.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

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

3. 20.04.2026New

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

4. 17.04.2026New

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

5. 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

6. 15.04.2026

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

7. 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

8. 13.04.2026

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

9. 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?

10. 09.04.2026

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