Will attention focus on the employment statistics and economic indicators?

Will attention focus on the employment statistics and economic indicators?

06.05.2022

Following the sharp decline after the FOMC meeting, the US dollar regained strength yesterday, with the EUR/USD pair falling approximately 140 pips from 1.064 to 1.049.Yesterday’s decline pushed the EUR/USD back into a range between 1.047 and 1.057, placing it below the 20-period moving average on the 4-hour chart. If the decline continues, we should keep an eye on the next support level at 1.044.

European currencies are trading weakly, with the euro particularly soft as various countries impose new sanctions on Russia; the euro/yen pair fell from 137.55 to 136.85. However, as the currency has shown signs of recovery during today’s Asian trading session, we should carefully assess the direction of the market while monitoring movements in other currencies. Meanwhile, the euro is trading firmly against Oceania currencies, with the euro/Australian dollar pair rising from 1.461 to 1.484.

Today’s schedule includes German industrial production and UK Halifax house prices at 3:00 PM CET, the UK Construction PMI at 5:30 PM CET, remarks by Bank of England MPC member Pill at 6:15 PM CET, remarks by German Bundesbank President Nagel at 6:30 PM CET, and remarks by Bank of England MPC member Pill at 8:15 PM CET. In U.S. time, the Canadian unemployment rate is scheduled for 9:30 PM,U.S. Employment Report at 21:30 U.S. time, remarks by U.S. Fed President Williams at 22:15, the Canadian Ivey PMI at 23:00, remarks by UK MPC member Tenreiro at 24:00, and remarks by U.S. Fed President Bostic at 28:00. Please pay close attention to the overlapping economic data releases from European to U.S. trading hours.

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?