Should we be on high alert for price fluctuations caused by statements from key figures?
27.09.2022
- U.S. – Blod: Remarks by the President of the St. Louis Federal Reserve Bank
- Remarks by U.S. Federal Reserve Chair Powell
The previous day, the U.S. dollar strengthened against both the euro and the yen, with the EUR/USD pair falling 150 pips from 0.9709 to 0.9552. The EUR/USD pair continues to trend downward along the 10-period moving average on the 4-hour chart, and on the weekly chart, the RSI has been trading at low levels below 30 for several weeks. Since no divergence has occurred, we should remain cautious of further downside.
Among European currencies, the pound hit a record low against the U.S. dollar.The GBP/USD pair opened with a gap down, falling approximately 550 pips from 1.0846 to 1.0304. Although the pair subsequently traded in a range, the price action clearly highlighted the pound’s weakness and the dollar’s strong upward momentum. However, on the daily chart, the pair has deviated significantly from the 20-day moving average and has broken through the -3σ line of the Bollinger Bands, so traders should remain cautious of a potential rebound.
Today’s schedule includes: Japan’s machine tool orders at 3:00 PM, remarks by Chicago Fed President Evans at 4:30 PM, remarks by MPC member Pill at 8:00 PM, remarks by Fed Chair Powell at 8:30 PM, U.S. durable goods orders at 9:30 PM,the U.S. S&P/Case-Shiller Home Price Index at 10:00 PM, remarks by U.S. St. Louis Fed President Bullard at 10:55 PM, the U.S. Consumer Confidence Index and U.S. New Home Sales at 11:00 PM, and a U.S. 5-year Treasury auction at 2:00 AM. We should remain vigilant for price fluctuations caused by key figures’ remarks while assessing recent shifts in currency strength.
Author: Keisuke Sakurai
Past Market Reports
22.04.2026
Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?
21.04.2026
With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
20.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
17.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
16.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
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?
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
13.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
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?
09.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
