Market participants may be on guard against increased volatility due to a flurry of economic data releases scheduled for U.S. trading hours

Market participants may be on guard against increased volatility due to a flurry of economic data releases scheduled for U.S. trading hours

10.03.2023

In the U.S. currency market yesterday, the dollar fell against the pound after initial jobless claims rose for the first time in eight weeks. The GBP/USD pair rose from 1.1831 to 1.1938.It broke above the 4-hour 20-MA. However, it is still far from the recent high of 1.2042, and the 4-hour 75-MA resistance lies just above. We will be watching today’s U.S. employment report to see if the dollar’s decline continues.

Ahead of today’s GDP release, the pound is trading sideways against the yen. GBP/JPY is ranging between 161.610 and 162.614, with the hourly Bollinger Bands contracting. However, while the Bollinger Bands are contracting, they are trending downward and gradually lowering the upper band, so traders should be on the lookout for a potential decline in the pound during European trading hours.

Today, at 16:00 CET, UK GDP, UK Industrial Production, UK Manufacturing Output, UK Trade Balance, UK Goods Trade Balance,Norway’s Consumer Price Index (CPI), Germany’s CPI, Turkey’s unemployment rate, and Turkey’s industrial production; at 16:45, France’s current account balance and trade balance; and during U.S. trading hours at 22:30, Canada’s employment report, the U.S. employment report, and Canada’s capacity utilization rate; and at 28:00, the U.S. budget balance. We should be on guard for increased volatility due to the overlapping release of economic indicators during U.S. trading hours.

Past Market Reports

1. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 16.04.2026New

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

5. 15.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 14.04.2026

   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

7. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 10.04.2026

   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?

9. 09.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran