search

An incredible cashback rate!
40% of the spread!

Join Now

All Eyes on the U.S. Dollar’s Movements as the New Fiscal Year Begins

Market Report

  1. homeHOME
  2. Market Report
  3. All Eyes on the U.S. Dollar’s Movements as the New Fiscal Year Begins

All Eyes on the U.S. Dollar’s Movements as the New Fiscal Year Begins

01.04.2022

Today's Highlights
  1. U.S. Employment Report
  2. U.S. ISM Manufacturing PMI

The U.S. dollar was firm against both the euro and the yen yesterday, with the USD/JPY pair rising from 121.28 to 122.73.Meanwhile, for the U.S. employment report scheduled for release today, the market forecast for nonfarm payrolls is 490,000, and the unemployment rate is expected to be 3.7%, down 0.1 percentage points from the previous reading. We should pay close attention to price movements following today’s employment report release.

Amid reports of ceasefire talks between Russia and Ukraine, European currencies came under broad selling pressure, with the euro falling across the board; the euro/pound pair retreated by about 100 pips from 0.851 to 0.841.From a technical perspective, the EUR/GBP pair has been undergoing a corrective decline since breaking above the daily 200-period SMA. Therefore, while we should anticipate a potential decline toward the recent low around 0.831, we will be closely monitoring whether a further rebound occurs.

Today, during European trading hours, the Swiss Manufacturing PMI will be released at 16:30, the UK Manufacturing PMI at 17:30, and the Eurozone Consumer Price Index (flash estimate) at 18:00. Once U.S. trading hours begin, the U.S. Employment Report will be released at 21:30, followed by remarks from U.S. Federal Reserve Bank of Chicago President Evans at 22:05:remarks by Chicago Fed President Evans, at 22:45 the U.S. Manufacturing PMI, at 23:00 the U.S. ISM Manufacturing Index, and U.S. Construction Spending. Now that the new fiscal year has officially begun, we want to closely monitor how the foreign exchange market will move.

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

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

Next Article

Has the Euro Bottomed Out Against the Pound?
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 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