U.S. – Brade: Attention on Remarks by St. Louis Fed President

U.S. – Brade: Attention on Remarks by St. Louis Fed President

29.09.2022

In the U.S. currency market yesterday, the dollar weakened as the Dollar Index fell by more than 1% to 113.2. The AUD/USD pair rebounded by approximately 160 pips from this year’s low of 0.6362 to 0.6529. This significant rise was driven in part by a rebound in crude oil prices. Since the AUD/USD pair has broken decisively above the 20-period moving average on the 4-hour chart, we will be closely monitoring whether this upward trend continues.

European currencies rallied as the pound rebounded following the announcement of unlimited emergency long-term bond purchases. The GBP/USD pair rebounded by approximately 370 pips, rising from 1.0536 to 1.0913. Authorities also announced that the start of government bond sales, originally scheduled for early October, would be postponed until late October. The GBP/USD pair rebounded by breaking above the 75-period moving average on the hourly chart.It is currently trading around 1.0782, and we will be watching to see if it extends its gains into the U.S. trading session.

Today’s schedule includes: Turkey’s Economic Confidence Index at 4:00 PM, remarks by Ramsden, Deputy Governor of the Bank of England, at 8:30 PM, remarks by Meckl, SNB Board Member, at 8:45 PM, Germany’s Consumer Price Index at 9:00 PM, Canada’s GDP, U.S. Initial Jobless Claims, U.S. Personal Consumption Expenditures, and U.S. Q2 GDP at 9:30 PM,U.S. Core PCE Deflator, at 10:00 PM: Remarks by RBNZ Governor Orr, at 10:30 PM: Remarks by U.S. St. Louis Fed President Bullard, at 11:30 PM: U.S. Weekly Natural Gas Inventories, and at 2:00 AM: Remarks by U.S. Cleveland Fed President Mester. We will keep a close eye on the pound’s rebound while monitoring the relative strength of various currencies.

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?