Market participants are likely to keep a close eye on currency strength and weakness at the start of the week, following buying of the U.S. dollar and the yen

Market participants are likely to keep a close eye on currency strength and weakness at the start of the week, following buying of the U.S. dollar and the yen

28.11.2022

Last weekend, the U.S. dollar strengthened against the euro, with the EUR/USD pair falling from 1.0428 to 1.0350.Technically, the EUR/USD pair rebounded after finding support at the 200-period simple moving average (SMA) on the hourly chart, but during Asian trading hours at the start of the week, prices are once again testing the 200-period SMA, with dollar buying activity standing out. Since the EUR/USD pair is in a downtrend with lower highs on the hourly chart, it will be worth watching to see if the euro continues to be sold off.

European currencies saw the euro plummet just before the close, with the euro/yen pair falling from 145.136 to 144.386.The EUR/JPY pair has continued the price action seen just before the close into today’s Asian session and is currently trading around 143.434. From a technical perspective, there is no support until the lower boundary of the 4-hour descending channel at around 142.561, so traders should be wary of a decline to that level.

Today’s schedule includes Norwegian retail sales at 4:00 PM, Hong Kong’s trade balance at 5:30 PM, the Eurozone money supply at 6:00 PM, the UK’s CBI retail sales at 8:00 PM, Mexico’s trade balance at 9:00 PM, Canada’s current account balance at 10:30 PM,at 12:30 AM: US Dallas Fed Manufacturing Index, at 1:30 AM: US 6-month Treasury bill auction, at 2:00 AM: US remarks by Williams, President of the New York Fed, and remarks by Bullard, President of the St. Louis Fed, and at 2:10 AM: remarks by Nagel, President of the German Bundesbank.We want to carefully assess currency strength and weakness at the start of the week, which began with buying of the US dollar and the yen.

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?