search

An incredible cashback rate!
40% of the spread!

Join Now

All eyes are on whether remarks by key figures will cause a shift in the euro’s trend

Market Report

  1. homeHOME
  2. Market Report
  3. All eyes are on whether remarks by key figures will cause a shift in the euro’s trend

All eyes are on whether remarks by key figures will cause a shift in the euro’s trend

20.09.2024

Today's Highlights
  1. UK GFK Consumer Confidence Survey
  2. Prices of Agricultural and Mining Products

In the U.S. currency market yesterday, the U.S. dollar rose slightly against the yen after the U.S. August Leading Economic Index, released yesterday, came in at -0.2%, up from -0.6% the previous month.The USD/JPY pair rose from 141.893 to 143.942, extending its move to the +3σ level of the hourly Bollinger Bands. A similar price movement was observed on the 4-hour chart, and on the daily chart, the price has recovered to just below the 20-day moving average.

Among European currencies, the euro rose against the U.S. dollar ahead of remarks by ECB President Lagarde.The euro rose against the U.S. dollar from 1.1068 to 1.1178. It rebounded after finding support at the 200-period simple moving average (SMA) on the hourly chart. On the 4-hour chart, the pair has risen from the -2σ to the +2σ levels of the Bollinger Bands, and on the daily chart, it is climbing with momentum that is approaching this month’s high.

Today’s schedule includes the UK GfK Consumer Confidence Survey at 8:01, Japan’s Consumer Price Index at 8:30, Japan’s Foreign and Domestic Securities Investment at 8:50, China’s Prime Lending Rate at 10:00,at 3:00 PM, UK Retail Sales and German Producer Price Index; at 3:45 PM, French Business Sentiment; at 4:00 PM, Turkish Consumer Confidence Index; at 9:15 PM, remarks by BOC Governor Maclem; at 9:30 PM, Canadian Retail Sales;Canada: Mining Product Prices, Canada: Retail Sales; at 23:00, Eurozone: Consumer Confidence Index; and at 24:00, remarks by ECB President Lagarde are scheduled. We will carefully monitor whether these key figures’ remarks lead to any changes in the euro’s direction.

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

With the Eurozone HICP unchanged, all eyes are on the future of the euro-yen pair as it consolidates at lower levels

Next Article

Should We Keep an Eye on the Upside Potential of the Rising GBP/JPY Pair?
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