search

An incredible cashback rate!
40% of the spread!

Join Now

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

Market Report

  1. homeHOME
  2. Market Report
  3. Should We Focus on the Correlation Between the Euro and the U.S. Dollar as the Balance of Power Shifts?

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

30.03.2022

Today's Highlights
  1. Germany: Consumer Price Index (Preliminary Figures)
  2. U.S. Core PCE Deflator

In the previous day’s U.S. currency trading, the market faced resistance due to a decline in long-term U.S. Treasury yields, causing the euro to surge against the dollar from 1.096 to 1.113.The U.S. March Consumer Confidence Index, released yesterday, came in at 107.2, exceeding the market forecast of 107.0 and marking the first increase in three months; however, the U.S. dollar’s upward momentum did not last.

European currencies rose as ceasefire negotiations between Russia and Ukraine made progress and Russia announced that it would “scale back military operations in Ukraine’s capital, Kyiv, and the vicinity of Chernihiv.” While the USD/JPY fell by about 2.3 yen, the EUR/JPY fell by only 1.9 yen.The euro/yen pair is currently trading around 135.22 and is struggling on the brink of breaking below the 20-period moving average on the 4-hour chart.

Today’s schedule includes the Swiss KOF Leading Index at 16:00 European time, remarks by ECB President Lagarde at 17:00, remarks by UKremarks by BOE Deputy Governor Broadbent, at 20:00 the U.S. MBA Mortgage Applications Index, and—once U.S. trading hours begin—at 21:00 the German Consumer Price Index (flash estimate), at 21:15 the U.S. ADP National Employment Report, at 21:30 U.S. Q4 GDP,U.S. personal consumption, and the U.S. core PCE deflator; at 22:15, remarks by U.S. Richmond Fed President Barkin; and at 23:30, U.S. weekly crude oil inventories. We will be watching the strength and weakness of the euro, which is rebounding, and the U.S. dollar, which is retreating.

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

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

Next Article

U.S. Williams: Caution Over NY Fed President's Remarks?
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) have passed.

line Received notification of sudden price fluctuations (sharp rises or falls in exchange rates)

Receive real-time notifications on 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