Will remarks by key figures cause a shift in the euro’s trajectory? All eyes are on the situation.

Will remarks by key figures cause a shift in the euro’s trajectory? All eyes are on the situation.

20.09.2024

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, improved to -0.2% from -0.6% the previous month. The USD/JPY pair rose from 141.893 to 143.942, reaching the +3σ level of the hourly Bollinger Bands. The 4-hour chart showed a similar price movement, 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/dollar pair rose 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, UK Retail Sales and Germany’s Producer Price Index at 15:00, and France’sBusiness Sentiment, at 16:00 the Turkish Consumer Confidence Index, at 21:15 remarks by BOC Governor Macrem, at 21:30 Canadian Retail Sales and Mining Product Prices, at 23:00 the Eurozone Consumer Confidence Index, and at 24:00 remarks by ECB President Lagarde.We will closely monitor whether these key speeches lead to any shifts in the euro’s direction.

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