search

An incredible cashback rate!
40% of the spread!

Join Now

Should We Pay Attention to Price Movements at the Start of the Week Leading Up to the U.S. Employment Report?

Market Report

  1. homeHOME
  2. Market Report
  3. Should We Pay Attention to Price Movements at the Start of the Week Leading Up to the U.S. Employment Report?

Should We Pay Attention to Price Movements at the Start of the Week Leading Up to the U.S. Employment Report?

29.05.2023

Today's Highlights
  1. Markets in the UK, U.S., and Switzerland are closed for a holiday
  2. Turkey Economic Confidence Index

In the U.S. currency markets last weekend, the U.S. dollar rose against the euro after the U.S. April Core PCE Deflator, released on the 26th, rose from 4.6% to 4.7% year-over-year.The EUR/USD pair fell from 1.0757 to 1.0701, finding support near the 200-day EMA on the daily chart. Since the EUR/USD has been in a downtrend on the 4-hour chart—with the 20-day MA acting as resistance—since the 4th of this month, traders should remain cautious of continued declines during European trading hours.

Despite the fact that the UK’s April retail sales figures, released last weekend, showed a year-over-year decline of 3.0% (down from 3.1%), the pound traded in a tight range against the U.S. dollar.The GBP/USD pair fluctuated wildly between 1.2311 and 1.2392, with price action straddling the 20-period moving average (MA) on the hourly chart.From a technical perspective, a downtrend along the 20-period moving average on the 4-hour chart has been in place since May 10, so we will be watching closely to see if the pair extends its decline toward the next support level around 1.2279.

Today, Swedish household loans are scheduled for release at 15:00 Asia time; the Turkish Economic Confidence Index at 16:00 European time; Hong Kong’s trade balance at 17:30; Brazilian employment figures at 26:00 U.S. time; and New Zealand housing construction permits at 7:45 the following day.No economic indicators are scheduled for release during U.S. trading hours. With the U.S. jobs report coming up this weekend, we will be closely monitoring price movements at the start of the week to see if the U.S. dollar reacts ahead of the report.

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 focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Should We Be Wary of Euro Price Movements as Germany Enters a Technical Recession?

Next Article

All eyes are on whether the cross-yen pairs will continue to fall.
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) have passed.

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