Investors should be on the lookout for a series of economic indicators to be released in U.S. time

Investors should be on the lookout for a series of economic indicators to be released in U.S. time

24.01.2023

U.S. currencies were firm the previous day as the Dollar Index recovered to 102.2, limiting the downside for the U.S. dollar; GBP/USD fell by about 120 pips from 1.2447 to 1.2322.GBP/USD had been rising along the daily 10-day moving average since the 6th of this month, but its upside was capped as it reached its recent high. On a weekly basis, the 75-day moving average is beginning to act as resistance, so we will be watching closely to see if the pullback continues.

Like the pound, the euro weakened against the U.S. dollar. The EUR/USD pair fell by about 80 pips from 1.0926 to 1.0845. Although the EUR/USD has not yet fallen below the 20-period moving average on the 4-hour chart, the daily RSI is showing signs of divergence just below 70, so traders should remain cautious of price fluctuations triggered by economic data releases during U.S. trading hours.

Today’s schedule includes the German GfK Consumer Confidence Survey at 4:00 PM, the French Manufacturing/Services PMI at 5:15 PM, the German Manufacturing/Services PMI at 5:30 PM, the Eurozone Manufacturing/Services PMI at 6:00 PM, and the UKManufacturing/Services PMI, a speech by ECB President Lagarde at 6:45 PM, U.S. Manufacturing/Services PMI at 11:45 PM, the Richmond Fed Manufacturing Index at midnight, a speech by SNB Vice Chairman Schlegel at 1:30 AM, and a U.S. 2-year Treasury auction at 3:00 AM.We should pay close attention to the succession of economic indicators being released during U.S. trading hours and monitor currency strength.

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. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 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?