Attention is likely to focus on President Lagarde’s remarks at the ECB

Attention is likely to focus on President Lagarde’s remarks at the ECB

14.04.2022

The previous day, the U.S. dollar weakened against the euro but held its ground against the yen, with the USD/JPY pair briefly rising to 126.31—a 20-year high. However, the dollar’s strength was limited to the yen, while the EUR/USD pair rose by more than 100 pips from 1.080 to 1.091.From a technical perspective, we will be watching to see if the EUR/USD pair will resume its upward trend if it breaks above the resistance level at its recent high of 1.093 with a solid candle.

Among the euro-yen cross rates, the euro-yen pair has shown resilience, rising to 136.86. Ahead of today’s ECB interest rate announcement, the euro is holding steady. Although no rate hike is expected in today’s announcement, attention will be focused on ECB President Lagarde’s remarks regarding the central bank’s stance on the future outlook.

Today’s schedule includes the announcement of the Turkish Central Bank’s (TCMB) policy rate and statement at 8:00 p.m. CET, the announcement of the European Central Bank’s (ECB) policy rate and statement at 8:45 p.m. CET, and, once U.S. trading hours begin, a press conference by ECB President Lagarde at 9:30 p.m. ET, along with Canadian manufacturing shipments and wholesale sales, U.S. initial jobless claims, U.S. retail sales,U.S. Import Price Index, the U.S. University of Michigan Consumer Sentiment Index (flash estimate) at 23:00, and remarks by U.S. Federal Reserve Bank of Cleveland President Mester at 28:50. We will be paying close attention to ECB President Lagarde’s remarks and monitoring the euro’s movements.

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?