Market participants may be on the lookout for price fluctuations caused by economic data releases during European trading hours

Market participants may be on the lookout for price fluctuations caused by economic data releases during European trading hours

17.08.2022

In yesterday’s U.S. currency markets, while the Dollar Index remained flat at 106.4, the dollar rose against the yen, with USD/JPY climbing 170 pips from 132.948 to 134.681.Yesterday’s release of U.S. industrial production data for July showed a slight improvement in the capacity utilization rate, rising from 80.0 to 80.3. While USD/JPY has been trading within a range on the 4-hour chart while forming higher lows, traders should remain vigilant for price movements triggered by economic indicators scheduled for release during U.S. trading hours.

Among European currencies, the euro weakened against the pound, with the EUR/GBP pair falling slightly from 0.8439 to 0.8404. The release yesterday of Germany’s August ZEW Economic Sentiment Survey, which showed a deterioration from the previous reading of -53.8 to -55.3, also contributed to the selling pressure on the euro. As the EUR/GBP pair is trending downward on the daily chart, we will be watching closely to see if the euro continues to weaken and decline.

Today’s schedule includes the UK Consumer Price Index, UK Retail Price Index, and UK Producer Price Index at 3:00 PM Asia time; the Eurozone Q2 GDP at 6:00 PM Europe time; South African Retail Sales and the US MBA Mortgage Applications Index at 8:00 PM Europe time; US Retail Sales at 9:30 PM US time;at 10:30 PM, remarks by Fed Governor Bowman; at 11:00 PM, U.S. Business Inventories; at 11:30 PM, U.S. Weekly Crude Oil Inventories; at 2:00 AM, a U.S. 20-year Treasury auction; and at 3:00 AM, the release of the FOMC minutes. We will remain vigilant for sudden price movements triggered by these releases while closely monitoring currency strength.

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?