Should we focus on the relative strength and weakness of Western currencies in this state of equilibrium?
13.04.2022
- UK Consumer Price Index
- U.S. Weekly Crude Oil Inventories
In the previous session, the U.S. dollar traded in a tight range against the pound, which remained steady at 3.8% following the latest unemployment figures, with GBP/USD fluctuating between 1.299 and 1.305. From a technical perspective, GBP/USD has been testing the 1.298 support level with increasing frequency, so we should remain vigilant for a potential break below this level.
European currencies continued to face upward pressure as the economic outlook in the German ZEW Economic Sentiment Survey, released yesterday, came in at -41.0, marking a deterioration from the previous reading. The EUR/AUD pair failed to sustain the rebound that began last weekend, falling approximately 200 pips from 1.468 to 1.448.
Today’s schedule includes the UK Consumer Price Index and Retail Price Index at 3:00 PM, the US MBA Mortgage Applications Index at 8:00 PM, the US Producer Price Index at 9:30 PM (US time), the Bank of Canada’s policy rate decision and statement at 11:00 PM, US weekly crude oil inventories at 11:30 PM,at 12:00 AM, a press conference by BOC Governor Macklem; and at 2:00 AM, a US 30-year Treasury auction. We intend to carefully monitor the balance of strength and weakness between European and US currencies.
Author: Keisuke Sakurai
Past Market Reports
22.04.2026
Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?
21.04.2026
With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
20.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
17.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
16.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
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?
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
13.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
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?
09.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
