Will the euro, which is expected to remain unchanged by the ECB, show any movement following the release of economic indicators?

Will the euro, which is expected to remain unchanged by the ECB, show any movement following the release of economic indicators?

25.01.2024

In the previous session, U.S. currency saw the dollar weaken against the euro as U.S. Treasury yields softened during U.S. trading hours. The EUR/USD pair rose from 1.0841 to 1.0932, rebounding after breaking well above the 200-period simple moving average (SMA) on the hourly chart.Technically, the EUR/USD pair is showing an expansion pattern on the 4-hour chart, with both the upper and lower boundaries widening. We will be watching closely to see if prices trend in one direction during U.S. trading hours.

Ahead of today’s ECB policy rate announcement, European currencies traded without a clear direction, with the euro in particular lacking momentum. The euro/yen pair fell slightly from 161.067 to 160.176. During today’s Asian trading session, it has been trading in a narrow range around 160.784. While the market expects the ECB to keep its policy rate unchanged at 4.5% today, we will be watching closely to see if the euro continues to weaken without any surprises.

Today, at 8:50 AM, Japan’s foreign equity investment data; at 4:00 PM, Sweden’s producer price index; at 4:45 PM, France’s manufacturing PMI; at 6:00 PM, Germany’s IFO business climate index; at 8:00 PM, France’s unemployment figures; at 8:00 PM, the UK’s retail sales;at 9:00 PM: Canada’s Business Barometer; at 10:00 PM: U.S. Building Permits; at 10:15 PM: the ECB’s policy rate decision and statement; at 10:30 PM: U.S. Durable Goods Orders, U.S. GDP, U.S. Initial Jobless Claims, U.S. Wholesale Inventories, U.S. GDP;at 10:45 PM: ECB President Lagarde’s press conference; at 12:00 AM: US new home sales; and at 3:00 AM: US 7-year Treasury auction. I want to closely monitor whether the euro, which is expected to remain unchanged following the ECB decision, will show any movement after the release of these indicators.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 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

4. 14.04.2026New

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

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 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?

8. 08.04.2026

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

9. 07.04.2026

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

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed