Attention is likely to focus on remarks by Fed Chair Powell

Attention is likely to focus on remarks by Fed Chair Powell

21.03.2022

Last weekend, the U.S. dollar regained ground against the euro, which had been trading weakly, causing the EUR/USD pair to fall by about 110 pips from 1.111 to 1.100. During today’s Asian session, the EUR/USD is trading below the 20-period moving average on the hourly chart, indicating a lack of direction at this stage. On the 4-hour chart, the pair is positioned at the midpoint of an upward channel, so we will be watching for price action starting in the European session.

Like the Japanese yen, the euro is currently a weak currency among European currencies. Over the weekend, the Swiss franc surged, causing the EUR/CHF pair to drop by about 110 pips from 1.040 to 1.028. From a technical perspective, the EUR/CHF pair is currently trading just above the 20-day moving average on the daily chart, so I would like to wait and see how the price develops before making a decision.

Today, the following events are scheduled: Germany’s Producer Price Index at 16:00 CET, remarks by ECB President Lagarde at 16:30, Hong Kong’s Current Account Balance and Consumer Price Index at 17:30, remarks by Atlanta Fed President Bostic at 21:30, and remarks by Fed Chair Powell at 01:00.Since the Japanese market is closed today, we should be on the lookout for larger-than-usual price movements.

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?