search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

Bostic: Should We Watch for Price Movements Following the Atlanta Fed President’s Remarks?

Market Report

Bostic: Should We Watch for Price Movements Following Remarks by the Atlanta Fed President?

05.01.2023

Today's Highlights
  1. Bostic (U.S.): Remarks by the President of the Atlanta Federal Reserve Bank
  2. UK Services PMI

In the U.S. currency market the previous day, the dollar weakened against the euro as the Dollar Index fell to 104.2. The EUR/USD pair rebounded by approximately 935 pips from 1.0540 to 1.0633.The rally began from the support level provided by the 200-period SMA on the 4-hour chart. However, since yesterday’s rebound brought the pair back to range-bound levels, we should exercise caution in assessing the overall trend until the rally continues and breaks above the recent high of 1.0680.

European currencies saw lackluster trading, as the services PMI figures released yesterday for France, Germany, and the eurozone—while exceeding market expectations—failed to reach the benchmark level of 50.GBP/USD entered a stalemate; after rising from 1.1956, it consolidated around 1.2054.GBP/USD continues to lack direction during today’s Asian trading session and is trading with support at the 20-period moving average on the 4-hour chart; therefore, we will be closely monitoring price action during the U.S. trading session.

Today’s schedule includes Germany’s trade balance at 4:00 p.m., the UK’s services PMI at 6:30 p.m., the Eurozone’s producer price index at 7:00 p.m., the U.S. Challenger job cuts forecast at 9:30 p.m., and remarks by U.S. Federal Reserve Bank of Philadelphia President Harker:remarks by the President of the Federal Reserve Bank of Philadelphia; at 10:15 p.m., the U.S. ADP National Employment Report; at 10:30 p.m., Canada’s trade balance, U.S. initial jobless claims, and U.S. trade balance; at 11:20 p.m., remarks by U.S. Federal Reserve Bank of Atlanta President Bostic:President of the Atlanta Fed, at 11:45 PM: U.S. Services PMI, at 12:30 AM: U.S. Weekly Natural Gas Inventories, at 1:00 AM: U.S. Weekly Crude Oil Inventories, and at 3:20 AM: U.S. Brade: President of the St. Louis Fed.We will monitor currency strength and weakness while paying close attention to remarks by key officials during U.S. trading hours.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

All Eyes on Whether the Release of the U.S. FOMC Minutes Will Cause Shifts in Currency Strength

Next Article

Should we be on the lookout for increased volatility due to economic indicator releases in the U.S.?
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are paying close attention to this feature.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for four hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings