search

An incredible cashback rate!
40% of the spread!

Join Now

Market Participants Are Watching the Euro Closely Ahead of Tomorrow’s ECB Policy Rate Announcement

Market Report

  1. homeHOME
  2. Market Report
  3. Market Participants Are Watching the Euro Closely Ahead of Tomorrow’s ECB Policy Rate Announcement

Market Participants Are Watching the Euro Closely Ahead of Tomorrow’s ECB Policy Rate Announcement

20.07.2022

Today's Highlights
  1. U.S. Existing-Home Sales
  2. U.S. 20-Year Treasury Auction

In U.S. currency trading the previous day, the Dollar Index fell to 106.5, and the EUR/USD rose by approximately 140 pips from 1.0120 to 1.0268.EUR/USD has broken well above the 4-hour 75 MA and is rising toward its next target, the 4-hour 200 EMA at 1.0341. We will monitor the situation closely, paying attention to the euro’s price action ahead of the ECB meeting to see if this upward trend continues.

European currencies are trading higher ahead of tomorrow’s ECB policy rate announcement, with the euro/yen pair rising from 139.701 to 141.540.The ECB is expected to announce its first interest rate hike in 11 years at tomorrow’s policy meeting, and buying has been driven by expectations of a rate hike. Depending on tomorrow’s outcome, there is a possibility of a “sell-the-fact” reaction, so traders should pay close attention to today’s price movements.

Today, the UK Consumer Price Index, Retail Price Index, and Producer Price Index will be released at 15:00 during Asian trading hours; the Turkish Consumer Confidence Index at 16:00 during European trading hours; the South African Consumer Price Index at 17:00;at 20:00 the U.S. MBA Mortgage Applications Index; at 21:30 U.S. time, the Canadian Consumer Price Index and Industrial Product Prices; at 23:00, U.S. Existing Home Sales; at 23:30, U.S. Weekly Crude Oil Inventories; and at 26:00, a U.S. 20-Year Treasury Bond Auction.We will be closely monitoring the euro’s movements ahead of tomorrow’s ECB policy rate announcement.

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

All eyes are on whether the UK employment data will give the pound a boost

Next Article

Should We Be Wary of a Correction Ahead of the FOMC Meeting?
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 a sudden price fluctuation (sharp rise or fall in the exchange rate)

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