Should we carefully monitor currency strength on the last day of the month?

Should we carefully monitor currency strength on the last day of the month?

30.11.2022

In the U.S. session yesterday, while the Dollar Index rose to 106.5, there were no significant price movements, and GBP/USD traded in a range-bound pattern. Although GBP/USD rose from 1.1937 to 1.2063, it gave up all of those gains. Ultimately, it fell back below the 200-period SMA. With a rebound observed during today’s Asian session, we will be watching to see if the pair continues to rise into the U.S. session.

Among European currencies, the Swiss franc fell sharply against the yen following yesterday’s release of third-quarter GDP data, which showed a significant year-over-year decline from the market forecast of 1.1% to 0.5%. The CHF/JPY pair dropped by approximately 160 pips, from 146.655 to 145.032. On the 4-hour chart, the pair is trending downward along the 20-period moving average. We need to remain vigilant regarding the direction of the market, as it may continue to decline on the final day of the month.

Today’s schedule includes Turkey’s Q3 GDP at 4:00 PM, France’s Consumer Price Index at 4:45 PM, Switzerland’s KOF Leading Index at 5:00 PM, remarks by MPC member Pill at 5:30 PM, Germany’sunemployment rate, 7:00 PM: Eurozone CPI, 10:15 PM: US ADP Employment Report, 10:30 PM: US Q3 GDP and personal consumption,22:50: Remarks by Fed Governor Bowman; 23:45: Chicago PMI; 24:00: JOLTS Job Openings; 24:30: Weekly Crude Oil Inventories; 27:30: Remarks by Fed Chair Powell; and 28:00: Beige Book.I intend to carefully monitor currency strength on this final day of the month.

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?