search

An incredible cashback rate!
40% of the spread!

Join Now

All eyes are on the direction of the euro, which is showing strength against the U.S. dollar

Market Report

  1. homeHOME
  2. Market Report
  3. All eyes are on the direction of the euro, which is showing strength against the U.S. dollar

All eyes are on the direction of the euro, which is showing strength against the U.S. dollar

17.06.2022

Today's Highlights
  1. Remarks by Tenreiro, a Member of the MPC in the UK
  2. U.S. Leading Economic Index

Yesterday, U.S. currencies traded lower due to a decline in the 10-year U.S. Treasury yield and the dollar index, while GBP/USD rose by approximately 360 pips from 1.2040 to 1.2398.Yesterday’s Bank of England (BOE) policy rate announcement, which included a rate hike to 1.25%, led to a sharp rise in the GBP/USD pair. However, during today’s Asian trading session, the pair has pulled back, finding resistance at the 20-day moving average (MA). We will be closely monitoring whether it reaches the recent high of 1.2616.

Among European currencies, the euro strengthened against the U.S. dollar, with the EUR/USD pair rising approximately 220 pips from 1.0380 to 1.0600. It gained momentum to break above the 200-period SMA on the hourly chart.From a technical perspective, the EUR/USD pair appears to be forming a double bottom on the daily chart, so we will be watching closely to see if it can rise to the recent high of 1.0772.

Today’s schedule includes a press conference by Bank of Japan Governor Kuroda at 15:30 Asia time, remarks by MPC Member Tenreiro of the UK at 17:30 Europe time, the Eurozone Consumer Price Index (final reading) at 18:00,during U.S. trading hours at 21:30: Canada’s Industrial Product Prices, Canada’s Raw Materials Price Index, and Canada’s International Securities Turnover; at 21:45: remarks by U.S. Federal Reserve Chair Powell; at 22:15: U.S.Industrial Production and Capacity Utilization at 21:30 U.S. time, the U.S. Leading Economic Index at 23:00, and remarks by UK MPC Member Pill at 23:30. I plan to carefully monitor currency strength and weakness over the weekend. I will be watching the direction of the euro, which has been showing strength against the U.S. dollar.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Caution Advised Amid Sharp Fluctuations in the Pound Following the BOE Policy Rate Announcement

Next Article

Should We Keep a Close Eye on the Pound’s Uptrend Following Key Events?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

line Received notification of sudden price fluctuations (sharp rises or falls in exchange rates)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings