Will the release of economic indicators in the U.S. clarify which currencies are stronger?

Will the release of economic indicators in the U.S. clarify which currencies are stronger?

09.11.2022

In the previous day’s U.S. currency trading, both short- and long-term U.S. Treasury yields declined, causing the U.S. dollar to fall against the euro. The EUR/USD pair rose by approximately 120 pips from 0.9972 to 1.0096.This brought the pair in line with the recent high set on October 27. With yesterday’s rise completing a retest of the downtrend line, we will be closely monitoring the EUR/USD’s price action to see if it extends higher, possibly with some consolidation along the way.

In the European currency markets, the pound’s upward momentum has paused, leaving the EUR/GBP pair in a stalemate. The pair is currently trading around 0.8723, with the daily RSI showing a slight upward trend from the 50 midline. On the weekly chart, the EUR/GBP pair has been rising with support from the 75-day moving average, so it will be worth watching whether the euro gains strength over time.

Today’s schedule includes remarks by U.S. Federal Reserve Bank of New York President Williams at 17:00 CET, remarks by RBA Deputy Governor Block at 18:05 CET, and the U.S. MBA Mortgage Applications Index at 21:00 CET; followed by remarks by UK MPC Member Haskell at 22:00 ET, U.S. Wholesale Inventories (final) at 24:00 ET,at 12:30 a.m. (GMT+1), U.S. weekly crude oil inventories; at 1:00 a.m. (GMT+1), remarks by U.S. Richmond Fed President Barkin; at 1:30 a.m. (GMT+1), remarks by UK BOE Deputy Governor Canrif; and at 3:00 a.m. (GMT+1), a U.S. 10-year Treasury auction. We will monitor these U.S. economic releases to see if they clarify currency strength and weakness, while remaining vigilant regarding the results of the U.S. midterm elections.

Past Market Reports

1. 21.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 20.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 15.04.2026

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 14.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 13.04.2026

   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. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 09.04.2026

   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. 08.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?