Market participants may be on alert for significant price movements as U.S. trading hours approach
27.04.2022
- France Consumer Confidence Index
- U.S. Existing Home Sales Pending
Yesterday, the U.S. dollar strengthened against the euro, with the EUR/USD pair falling by about 100 pips from 1.073 to 1.063. From a technical perspective, the EUR/USD pair continues to decline as it is being capped by the 20-period moving average on the hourly chart; we will assess whether this downward trend will continue by analyzing today’s economic data releases.
Among European currencies, the pound was the weakest, with GBP/USD falling by about 200 pips from 1.277 to 1.255. GBP/USD is currently hitting new lows for the year and has entered a support-free zone even on the weekly chart. Ahead of next week’s Bank of England interest rate announcement, we should be wary of further declines in the pound due to currency strength dynamics.
Today, the French Consumer Confidence Index is scheduled for 3:45 PM, the UK CBI Retail Trade Survey for 7:00 PM, the US MBA Mortgage Applications Index for 8:00 PM, US Wholesale Inventories (flash estimate) for 9:30 PM,at 11:00 PM, US Pending Home Sales; at 11:30 PM, US Weekly Crude Oil Inventories; at 1:00 AM, US 5-Year Treasury Auction; and at 7:45 AM the following day, NZ Trade Balance. We should be on the lookout for significant price movements across various currencies as we transition from European to US trading hours.
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?
