Market participants may be on alert for price fluctuations caused by statements from government officials in various countries
19.10.2022
- Kashkari (U.S.): Remarks by the President of the Minneapolis Federal Reserve Bank
- Remarks by Bank of England Deputy Governor Canrif
In the previous day’s U.S. currency trading, the dollar index fell to 111, weighing on the U.S. dollar’s upside.The EUR/USD pair rose gradually by about 60 pips from 0.9814 to 0.9874. The price action attempted to rise just below the 4-hour 200 SMA. As of now during Asian trading hours, the price is not facing resistance at the 4-hour 200 SMA but has instead formed a higher low. Therefore, we will be watching closely to see if a breakout above this level occurs during European trading hours.
Among European currencies, the pound—which staged a strong rebound the day before yesterday—became the weakest performer. GBP/JPY fell by approximately 2.5 yen, from 170.043 to 167.613. Although it briefly dipped below the 20-period moving average (MA) on the hourly chart, it has since rebounded along that level during today’s Asian trading session. Since the daily RSI for GBP/JPY is hovering just below 70 and no divergence has been observed, we will be watching for further gains.
Today’s schedule includes the UK Consumer Price Index, UK Retail Sales, and UK Producer Price Index at 15:00 Asia time; the Eurozone Consumer Price Index at 18:00 Europe time; the Canadian Consumer Price Index and US Housing Starts at 21:30 US time; remarks by Bank of England Deputy Governor Kanli at 22:00; US weekly crude oil inventories at 23:30;at 12:00 AM, remarks by a member of the UK MPC; at 2:00 AM, remarks by Neel Kashkari, President of the Minneapolis Fed; and at 3:00 AM, the US Regional Fed Economic Report. We will remain vigilant for price fluctuations caused by remarks from key officials in various countries while closely monitoring currency strength and weakness.
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?
