Investors should watch for price fluctuations following remarks by BOE Deputy Governor Canrif

Investors should watch for price fluctuations following remarks by BOE Deputy Governor Canrif

28.09.2022

U.S. currencies rose during U.S. trading hours yesterday after the September Consumer Confidence Index came in above market expectations. The EUR/USD fell by about 100 pips from 0.9668 to 0.9569. During today’s Asian session, it hit a new low, touching 0.9544. However, since the 4-hour RSI for the EUR/USD is showing signs of divergence, we should remain cautious of a potential rebound.

European currencies saw the pound, which experienced a flash crash at the start of the week, fluctuate against the U.S. dollar. Although GBP/USD rebounded by just under 200 pips from 1.0647 to 1.0836, it ultimately gave up all those gains and is showing further declines during today’s Asian trading session. Since the hourly RSI for GBP/USD rose to around 50 during the flash crash, we should remain cautious of further downside.

Today’s schedule includes the German GfK Consumer Confidence Survey at 3:00 PM, the French Consumer Confidence Index at 3:45 PM, remarks by ECB President Lagarde at 4:15 PM, remarks by BOE Deputy Governor Cunliffe at 5:15 PM, the U.S. MBA Mortgage Applications Index at 8:00 PM, U.S. Wholesale Inventories at 9:30 PM,21:35: U.S. remarks by Bostic, President of the Atlanta Fed; 23:00: U.S. pending home sales; 23:10: U.S. remarks by Braad,St. Louis Fed President, 11:15 PM: U.S. Fed Chair Powell’s remarks, 11:30 PM: U.S. weekly crude oil inventories, 12:30 AM: U.S. Richmond Fed President Barkin’s remarks, and 2:00 AM: U.S. 7-year Treasury auction. We should pay close attention to whether the pound fluctuates following remarks by UK BOE Deputy Governor Canrif.

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?