Keep an eye on the U.S. 2- and 5-year Treasury auctions

Keep an eye on the U.S. 2- and 5-year Treasury auctions

27.06.2022

Last weekend, the U.S. dollar traded in a directionless range but weakened against the euro, with the EUR/USD pair rising slightly from 1.0511 to 1.0572.The euro was supported by the German Ifo Business Climate Index for June, released on the 24th, which came in at 92.3, exceeding market expectations of 92.0. Technically, with the 200-period simple moving average (SMA) on the 4-hour chart acting as resistance above, attention will first focus on whether the EUR/USD pair can break above the 200-SMA line at 1.0585.

Among European currencies, the pound weakened against the Australian dollar, with GBP/AUD falling by approximately 160 pips from 1.7814 to 1.7652. Following a sharp decline last weekend, GBP/AUD has now fallen below the 20-period moving average on the 4-hour chart. Given that the Australian dollar is the weakest currency in today’s Asian session, we need to carefully assess whether the momentum for a rebound will continue.

Today, at 17:30 CET, Hong Kong’s trade balance will be released; at 21:30 EST, U.S. durable goods orders; at 23:00 EST, pending home sales; at 23:30 EST, the Dallas Fed Manufacturing Activity Index; at 24:30 EST, the U.S. 2-year Treasury auction; at 26:00 EST, the U.S. 5-year Treasury auction;and a speech by ECB President Lagarde at 2:30 a.m. We will be closely monitoring the U.S. short-term Treasury auctions during 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?