All eyes are on whether currency strength will shift on the final day of the weekend

All eyes are on whether currency strength will shift on the final day of the weekend

25.11.2022

Yesterday, the U.S. dollar weakened against the pound, with GBP/USD rising from 1.2049 to 1.2153, hitting a new high for the month. On the daily chart, GBP/USD is approaching the 200-day moving average, and the RSI is nearing 70. However, since no divergence has occurred and the upward trend remains intact, we will be watching closely to see if the upward movement continues after a brief correction.

Although Germany’s November IFO Business Climate Index, released yesterday, came in at 86.3—exceeding the market forecast of 85.1—the euro fell against the pound, another European currency.The euro also fell against the yen, with the EUR/JPY pair dropping approximately 150 pips from 145.193 to 143.654. Although the EUR/JPY has rebounded during today’s Asian trading session, caution is warranted regarding a potential decline as the 10-period moving average (MA) lies just above the 4-hour chart.

Today, at 4:00 PM CET, Germany’s Q3 GDP (final reading) and GfK Consumer Confidence Index will be released, followed by Sweden’s Producer Price Index at 4:30 PM, Switzerland’s non-agricultural employment figures at 4:45 PM, and France’s, at 5:00 PM the Hungarian unemployment rate, at 6:00 PM the Philippine unemployment rate, at 8:30 PM India’s foreign exchange reserves, at 9:00 PM Mexico’s GDP, and at 1:00 AM (U.S. time) Canada’s fiscal balance. We will need to assess carefully whether there will be significant shifts in currency strength on this final day of the weekend.

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?