Will attention be focused on the content of monetary policy reports from Europe and the U.S.?

Will attention be focused on the content of monetary policy reports from Europe and the U.S.?

25.05.2022

In yesterday’s U.S. currency markets, the Dollar Index fell to 101, while the EUR/USD pair continued to rise from 1.066 to 1.074. Although the EUR/USD has broken above the 200-period SMA on the 4-hour chart, the daily 75-period MA is acting as resistance near 1.078, so we need to carefully assess whether the upward rebound will continue.

European currencies fell against the yen after the PMI (Purchasing Managers' Index) figures released yesterday for Germany, the eurozone, and the UK all came in below market expectations. The euro/yen pair, which had been rising on expectations of a July rate hike, fell from 136.80 to 135.54. Trading remains range-bound with limited upside potential during today’s Asian session.

Today’s schedule includes the release of Germany’s Q1 GDP at 15:00 CET, the ECB’s Financial Stability Report at 17:00 CET, remarks by ECB President Lagarde at 17:00 CET, the U.S. MBA Mortgage Applications Index at 20:00 CET, remarks by BOJ Governor Kuroda at 20:05 CET, U.S. Durable Goods Orders at 21:30 CET, U.S. Weekly Crude Oil Inventories at 23:30 CET,at 12:15 a.m. UK MPC member Tenreyro’s remarks, at 1:15 a.m. US incoming Fed Vice Chair Brainard’s remarks, at 2:00 a.m. US 5-year Treasury auction, and at 3:00 a.m. US FOMC minutes release. Keep a close eye on the content of the minutes from both the ECB and the Fed.

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?