search

An incredible cashback rate!
40% of the spread!

Join Now

Will Market Participants Keep a Close Eye on Price Trends at the Start of the Week?

Market Report

  1. homeHOME
  2. Market Report
  3. Will Market Participants Keep a Close Eye on Price Trends at the Start of the Week?

Will Market Participants Keep a Close Eye on Price Trends at the Start of the Week?

08.07.2024

Today's Highlights
  1. Japan Economic Watchers Survey
  2. Mexico Consumer Price Index

In the U.S. currency market the previous day, the U.S. dollar rose against the yen immediately after the release of the U.S. June employment report on the 5th, even though the unemployment rate worsened by 0.1 percentage points to 4.1% and nonfarm payrolls were revised downward from 272,000 the previous month to 206,000.The USD/JPY pair rose from 160.340 to 161.325. It then gradually retreated. On the 4-hour chart, the pair is trading below the 20-period moving average (MA), and on the daily chart, it is in the process of breaking below the 10-period MA, which had previously served as support.

European currencies rose, with the euro gaining against the U.S. dollar after the May retail sales figures for the eurozone, released on the 5th, showed a year-over-year increase of 0.3%, up from 0.0% the previous month.The EUR/USD pair rose from 1.0797 to 1.0842, forming an uptrend along the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the pair is moving along the +2σ line of the Bollinger Bands, and on the daily chart, it has regained its position above the 200-period simple moving average (SMA).

Today’s economic indicators include Japan’s Monthly Labor Survey at 8:30, Japan’s Balance of Payments at 8:50, Japan’s Economic Watchers Survey at 14:00, Germany’strade balance at 15:00, Mexico’s Consumer Price Index at 21:00, and remarks by UK MPC member Haskell at 25:15. With Fed Chair Powell’s congressional testimony scheduled for later this week, we will first closely monitor price movements at the start of the week.

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 the Swiss Franc’s Downward Potential Following the Decline in the CPI?

Next Article

Watch for any shifts in currency strength following Fed Chair Powell’s congressional testimony
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).

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 one 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