search

An incredible cashback rate!
40% of the spread!

Join Now

Market Participants on Alert for Price Fluctuations Following ECB and BOE Policy Rate Announcements

Market Report

  1. homeHOME
  2. Market Report
  3. Market Participants on Alert for Price Fluctuations Following ECB and BOE Policy Rate Announcements

Market Participants on Alert for Price Fluctuations Following ECB and BOE Policy Rate Announcements

02.02.2023

Today's Highlights
  1. Press Conference by ECB President Lagarde
  2. UK: BOE Policy Rate and Statement Announcement

In yesterday’s U.S. currency trading, the U.S. dollar fell following the Federal Open Market Committee’s (FOMC) decision to narrow the policy interest rate range. The EUR/USD pair rose by approximately 180 pips from 1.0851 to 1.11032, hitting a new high for the year.The EUR/USD pair continues to rise along the 20-day moving average (MA), and although the daily RSI has reached 70, no divergence has been confirmed. We will be watching to see if the EUR/USD pair continues to rise during U.S. trading hours today.

Ahead of today’s Bank of England (BOE) policy rate announcement, the pound strengthened against the U.S. dollar. The GBP/USD pair rose from 1.2272 to 1.2399.It broke above the 200-period SMA on the hourly chart. Since GBP/USD has been rising gradually, supported on the downside by the 75-period MA on the 4-hour chart, we will be watching closely to see if it continues to rise further into the European session.

Today’s schedule includes Germany’s trade balance at 16:00, fiscal balance at 16:45, the Bank of England’s (BOE) policy rate decision and statement at 21:00, remarks by BOE Governor Bailey at 21:30, and at 22:15, theECB policy rate and statement, at 10:30 PM: Canada’s housing permits, U.S. initial jobless claims, and U.S. fourth-quarter nonfarm labor productivity; at 10:45 PM: Eurozone’sECB President Lagarde’s press conference; at 24:00, U.S. manufacturing orders; at 24:15, remarks by ECB President Lagarde; at 24:30, U.S. weekly natural gas inventories; and at 26:30, remarks by SNB Governor Jordan.We should remain highly vigilant for price fluctuations resulting from the ECB and BOE policy rate announcements.

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 with a particular focus on foreign exchange markets, and he also has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Be on High Alert for Volatile Currency Movements Following the U.S. Policy Rate Announcement

Next Article

Should We Be Wary of Sharp Fluctuations in the U.S. Dollar Following the Release of U.S. Employment Data?
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 taking notice.

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 exchange rate are reset after 3 days (72 hours).

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 an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one 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