search

An incredible cashback rate!
40% of the spread!

Join Now

Should We Keep an Eye on the Upside for the Firm U.S. Dollar?

Market Report

  1. homeHOME
  2. Market Report
  3. Should We Keep an Eye on the Upside for the Firm U.S. Dollar?

Should We Keep an Eye on the Upside Potential of the Strengthening U.S. Dollar?

29.03.2022

Today's Highlights
  1. U.S. JOLTS Survey
  2. U.S. – Williams: Remarks by the President of the New York Fed

The U.S. dollar strengthened against the pound the previous day, with the GBP/USD exchange rate falling by about 110 pips from 1.318 to 1.306.Factors contributing to the dollar’s rise included the release of U.S. wholesale inventories (flash estimate) yesterday, which rose to 2.1% from the previous reading of 0.8%, as well as the yen’s relative weakness following the Bank of Japan’s announcement of fixed-rate operations.The yield on the 10-year U.S. Treasury note briefly hit 2.55% but is currently trading around 2.47%.

European currencies are trading in a tight range against the U.S. dollar, with the EUR/USD pair fluctuating within a very narrow range between 1.094 and 1.099.The EUR/USD pair is currently trading just above the 20-period moving average on the 4-hour chart, with price action indicating that the market is searching for direction. Therefore, it would be advisable to open a position only after the price breaks through the recent highs or lows at 1.094 or 1.099.

Today, at 15:45, the French Consumer Confidence Index; at 17:30, UK Mortgage Approvals; at 22:00, the U.S. S&P/Case-Shiller Home Price Index, remarks by U.S. Federal Reserve Bank of New York President Williams, the U.S. Consumer Confidence Index, and the U.S. JOLTS Survey;a speech by Harker, President of the Federal Reserve Bank of Philadelphia, at 23:45; a speech by Zubruck, Deputy Governor of the Swiss National Bank (SNB), at 25:30; and a U.S. 7-year Treasury auction at 26:00.We will be closely monitoring whether today’s economic data releases will cause any shifts in the currently firm U.S. dollar.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Concerns Over Further Yen Weakness Following the BOJ's Announcement of Fixed-Rate Operations

Next Article

Should We Focus on the Correlation Between the Euro and the U.S. Dollar as the Balance of Power Shifts?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours).

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings