search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

Should we wait and see how the EUR/USD exchange rate develops as the downtrend continues?

Market Report

Should we wait and see how the EUR/USD exchange rate develops as the downtrend continues?

09.01.2025

Today's Highlights
  1. Europe: ECB Monthly Report
  2. Challenger's Projected U.S. Job Cuts

In U.S. currency trading the previous day, the Canadian dollar fell against the yen. The CAD/JPY pair fell from 110.278 to 109.872.On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the pair is maintaining the upward rebound trend that has continued since the beginning of this month, trading above the 20-period MA. On the daily chart, the upside is facing resistance just below the 200-period simple moving average (SMA).

Among European currencies, the euro fell against the U.S. dollar. The euro/dollar exchange rate dropped from 1.0357 to 1.0273, marking its second consecutive day of decline.On the 4-hour chart, the price has reversed near the 75-period moving average (MA), while on the daily chart, a downtrend—with the 20-period MA capping the upside—has been ongoing since last October. We will be watching price movements during European trading hours to see if the euro shows signs of a reversal against the U.S. dollar.

Today, at 4:00 p.m., Germany’s industrial production and trade balance will be released; at 6:00 p.m., the ECB’s monthly report; at 7:00 p.m., Eurozone retail sales;at 9:30 p.m., U.S. Challenger layoff announcements; at 11:00 p.m., remarks by Harker, President of the Federal Reserve Bank of Philadelphia; at 11:05 p.m., remarks by Collins,President of the Boston Fed, at 25:00 remarks by UK BOE Deputy Governor Breeden, at 26:45 remarks by U.S. Richmond Fed President Barkin, and at 27:35 remarks by U.S. Federal Reserve Governor Bowman.We intend to carefully monitor price movements in the EUR/USD pair, which continues to trend downward.

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

Will the U.S. dollar, which has been firming in U.S. trading hours, see a shift following the release of the FOMC minutes? Watch for developments.

Next Article

With the Canadian dollar facing resistance on the upside, attention may turn to its potential rebound during U.S. trading hours.
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 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 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