search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

Will the market wait and see how currency strength and weakness play out after the market closes?

Market Report

Will the market wait and see how currency strength and weakness play out after the market closes?

25.12.2024

Today's Highlights
  1. Turkey Manufacturing Confidence Index
  2. Thailand: Trade Balance

In U.S. currency trading the previous day, the Canadian dollar rose against the yen. The CAD/JPY pair rose from 108.936 to 109.540. It moved from below the 20-period moving average (MA) on the hourly chart to above it.On the 4-hour chart, the 10-period moving average is acting as a support level, while on the daily chart, the pair is currently attempting to break above the resistance line formed by the 200-period exponential moving average. It will be interesting to see if the Canadian dollar’s momentum holds after Christmas.

Among European currencies, the pound rose against the U.S. dollar. The GBP/USD pair rose from 1.2518 to 1.2574. It climbed from below the 20-period moving average (MA) on the hourly chart to a level above the 75-period MA.On the other hand, on the 4-hour chart, the 20-period MA continues to act as resistance, indicating that the pair remains in a downtrend. On the daily chart, the RSI has fallen to 38 but still has room to drop further toward 30; therefore, traders should remain cautious about a continued decline in the pound following this correction.

Today’s economic indicators include Japan’s Leading Economic Index at 14:00, Japan’s Machine Tool Orders at 15:00, Thailand’s Trade Balance at 15:30,at 16:00, Turkey’s Capacity Utilization Rate and Manufacturing Confidence Index; at 20:30, India’s Money Supply; and at 25:00, Russia’s Industrial Production. Markets in Europe and the U.S. will be closed for the Christmas holiday. We intend to carefully monitor currency strength and weakness following the market closure.

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 Sudden Price Fluctuations Amid Declining Volatility?

Next Article

Market Participants May Keep a Close Eye on Currency Strength and Weakness Following the Holiday Break in Europe and the U.S.
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 paying close attention to this feature.

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 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 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 an 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