Market participants may be on alert for key economic indicators to be released in the U.S.

Market participants may be on alert for key economic indicators to be released in the U.S.

04.05.2022

In the previous session, the U.S. dollar weakened against the euro, while the euro/dollar pair rose slightly. The euro/dollar pair climbed as high as 1.057 but then lost momentum. During today’s Asian trading session, it has fallen to 1.051. With the FOMC expected to implement a 0.5% rate hike as widely anticipated at today’s meeting, attention will focus on whether there are any significant discrepancies between the announced policy—including a monthly asset reduction pace of up to $95 billion—and market expectations, as well as on the Fed’s communication with the market.

European currencies started the day on a strong note during the early U.S. trading session yesterday but lost momentum toward the end. The GBP/USD pair fell from 1.256 to 1.247. In today’s Asian trading session, the pound is the weakest currency, with the pair trending lower against both the yen and the Australian dollar.

Today, at 5:30 PM, UK mortgage approvals; at 6:00 PM, Eurozone retail sales; at 8:00 PM, US MBA mortgage applications; at 9:15 PM, US ADP National Employment Report; at 9:30 PM, Canadian trade balance and US trade balance;at 10:45 PM: US Services PMI; at 11:00 PM: US ISM Non-Manufacturing Index; at 11:30 PM: US Weekly Crude Oil Inventories; at 3:00 AM: US FOMC Interest Rate Decision and Statement; and at 3:30 AM: US Fed Chair Powell’s Press Conference. As key indicators are scheduled to be released during US trading hours, please pay close attention to price movements starting from the US session.

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?