Investors should keep an eye on the results of the U.S. S&P/Case-Shiller Home Price Index

Investors should keep an eye on the results of the U.S. S&P/Case-Shiller Home Price Index

31.01.2023

In U.S. trading hours yesterday, the U.S. dollar emerged as the strongest currency and gained ground against the Oceania currencies, which were the weakest. The AUD/USD pair fell from 0.7115 to 0.7050, reverting to levels seen in the middle of last week.The AUD/USD pair has fallen just below the daily 10-day moving average (MA) and is rebounding while facing resistance from the weekly 200-day exponential moving average (EMA). On the 4-hour chart, the RSI is trending downward from 70 and is pointing south near 41.8, so we should remain cautious of further declines.

European currencies fell as the euro dropped against the U.S. dollar following the release of Germany’s fourth-quarter real GDP data yesterday, which came in at -0.2%, below market expectations.The EUR/USD pair fell from 1.0911 to 1.0839. On the 4-hour chart, it pulled back from its high range and broke below the 20-period moving average (MA). However, on the daily chart, the 10-period MA is acting as support, halting the decline, so it will be worth watching to see if a rebound occurs during today’s U.S. trading hours.

Today, at 4:00 PM: Turkey’s trade balance, Germany’s retail sales, and Germany’s import price index; at 4:30 PM: Switzerland’s retail sales; at 4:45 PM: France’s producer price index; at 5:55 PM: Germany’s unemployment rate; at 6:30 PM: UKmortgage approvals, at 7:00 PM: Eurozone Q4 GDP, at 10:30 PM: Canada GDP and U.S. Q4 Employment Cost Index, at 11:00 PM: U.S. S&P/Case-Shiller Home Price Index, at 11:45 PM: U.S. Chicago PMI, and at 12:00 AM: U.S. Consumer Confidence Index.Be on the lookout for price fluctuations driven by the results of the U.S. S&P/Case-Shiller Home Price Index, a leading economic indicator.

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?