Will the U.S. dollar rise or fall following hawkish comments from the St. Louis Fed president?

Will the U.S. dollar rise or fall following hawkish comments from the St. Louis Fed president?

18.11.2022

U.S. currencies strengthened toward the end of the previous day’s trading following hawkish remarks by St. Louis Fed President Bullard. The GBP/USD pair fell from 1.1951 to 1.1762, breaking below the 75-period moving average on the hourly chart and hitting a new recent low. On the 4-hour chart, the RSI has turned downward after exceeding 70, and on the daily chart, the deviation from the 20-period moving average is widening.Traders should remain cautious regarding price movements during U.S. trading hours on the final day of the week.

Among European currencies, the Swiss franc emerged as the weakest toward the close, causing the CHF/JPY pair to decline against the yen. The pair fell from 147.717 to 146.990, marking a gradual decline along the 20-period moving average (MA) on the hourly chart. However, on the daily chart, the market is in a range-bound pattern centered around the 20-period MA, lacking clear direction. Therefore, we intend to remain on the sidelines until price movements become clearer next week.

Today’s schedule includes UK retail sales at 16:00 CET, remarks by ECB President Lagarde at 17:30 CET, remarks by Bundesbank President Nagel at 22:00 EST, and remarks by a member of the Bank of England’s Monetary Policy Committee at 22:15 EST, followed by the Canadian Housing Price Index, Canadian Industrial Product Prices, and the Canadian Raw Materials Price Index at 22:30 EST, and remarks by Collins of the Boston Fed at 22:40 EST., at 22:30 Canadian housing price index, industrial product prices, and raw material price index, at 22:40 remarks by Collins, President of the Boston Fed, at 24:00 U.S. existing home sales and the U.S. leading economic index, and at 26:15 remarks by Haskell, a member of the MPC.We will closely monitor the market direction to see if the US dollar gains ground following hawkish remarks from the St. Louis Fed President.

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?