Investors should watch for overlapping statements from key figures during U.S. trading hours

Investors should watch for overlapping statements from key figures during U.S. trading hours

22.03.2022

In the U.S. currency market yesterday, the pound and the U.S. dollar were locked in a stalemate, with the pound/dollar pair continuing to trade within the range that has persisted since the latter half of last week. The pound/dollar range is currently between 1.310 and 1.321, with the price hovering around 1.314. Technically, the pound/dollar is trading below the 20-day moving average on the daily chart, and with upside momentum capped, we will be closely monitoring the movement of the U.S. dollar.

European currencies are facing upward pressure as Russian officials stated they would “continue their attacks until a ceasefire is reached” after Ukrainian President Zelenskyy rejected what is being described as Russia’s final ultimatum to “withdraw from Mariupol.” The EUR/GBP exchange rate, which involves two European currencies, fell by approximately 57 pips from 0.841 to 0.835.

Today’s schedule includes the UK CBI Business Survey at 20:00 CET, Canada’s Industrial and Raw Materials Price Indices at 21:30 EST, remarks by ECB President Lagarde at 22:15 CET, the Richmond Fed Manufacturing Index at 23:00 EST, and remarks by Williams:Remarks by John Williams, President of the New York Fed; at 00:15, remarks by John Cunliffe, Deputy Governor of the Bank of England, and remarks by Jordan, Governor of the Swiss National Bank; and at 03:00, remarks by Mary Daly, President of the San Francisco Fed. We will monitor these key speeches and assess currency strength.

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?