Will market participants sit back and watch currency strength and weakness on the last day of the fiscal year?

Will market participants sit back and watch currency strength and weakness on the last day of the fiscal year?

29.03.2024

In yesterday’s U.S. currency markets, the U.S. dollar rose against the euro after the University of Michigan’s March Consumer Sentiment Index, released yesterday, improved to 79.4 from 76.5 the previous month.The EUR/USD pair fell from 1.0827 to 1.0774. A downtrend has formed along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price is moving along the -2σ line of the Bollinger Bands, so we should watch for any shifts in market sentiment following today’s key speeches.

European currencies faced resistance, even though Germany’s March employment data released yesterday showed the unemployment rate remained unchanged from the previous month at 5.9%. The euro/yen pair fell from 163.858 to 163.112. The hourly RSI has been hovering below 50. On the daily chart, the pair is trading just below the 20-day moving average, while the middle line of the Bollinger Bands is trending upward; we will be watching closely to see if any changes occur on the last trading day of the month.

Today’s economic indicators include Japan’s Tokyo Consumer Price Index and employment statistics at 8:30, Japan’s industrial production at 8:50, Turkey’s current account balance at 16:00, Thailand’s trade balance at 16:30,at 4:45 PM: France’s Consumer Price Index, Producer Price Index, and Consumer Spending; at 9:30 PM: U.S. Personal Income, Wholesale Inventories, and PCE Deflator; at 12:15 AM: U.S. Daily: Remarks by the President of the San Francisco Fed; and at 12:30 AM: Remarks by Fed Chair Powell.We intend to carefully monitor currency strength on this final day of the fiscal year.

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