Investors should remain vigilant regarding price fluctuations caused by remarks from key figures in the U.S.

Investors should remain vigilant regarding price fluctuations caused by remarks from key figures in the U.S.

10.02.2023

In the previous day’s U.S. trading session, the U.S. dollar fell as initial jobless claims rose more than market expectations.The EUR/USD pair rose by about 80 pips from 1.0706 to 1.0790. However, the euro’s upward momentum did not hold, and it fell toward the end of the U.S. trading session. The EUR/USD pair has also been falling during today’s Asian session, testing lower levels with momentum approaching yesterday’s low. Since it is already trading below the 20-day moving average on the daily chart, caution is warranted regarding a potential further decline.

Among European currencies, the euro fell against the pound for the fourth consecutive day. The EUR/GBP pair dropped by just under 50 pips, from 0.8883 to 0.8839. It broke below the 200-period simple moving average (SMA) on the hourly chart. However, the 200-period SMA on the 4-hour chart is acting as support, and the pair has rebounded during today’s Asian session. It will be worth watching whether this rebound continues into the European session and leads to further gains.

Today, at 4:00 PM, UK Q4 GDP, UK Industrial Production, UK Manufacturing Output, Turkey Unemployment Rate, and Turkey Industrial Production will be released; at 10:30 PM, Canadian Employment Statistics;at 11:00 PM, remarks by UK MPC member Pill; at 12:00 AM, the US University of Michigan Consumer Sentiment Index; at 2:30 AM, remarks by US Federal Reserve Governor Waller; at 4:00 AM, the US budget balance; and at 6:00 AM the following day, remarks by US Federal Reserve Bank of Philadelphia President Harker. We must remain highly vigilant for price fluctuations caused by remarks from key figures during US trading hours.

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?