search
Install Now

An incredible cashback rate!
40% of the spread!

Join Now

Will the Market Wait and See How Long the Swiss Franc's Rise Lasts?

Market Report

Will the Market Wait and See How Long the Swiss Franc's Rise Lasts?

05.02.2025

Today's Highlights
  1. U.S. PMI (Purchasing Managers' Index)
  2. European and African Non-Manufacturing PMI

In the U.S. currency market yesterday, the U.S. dollar fell against the euro. The euro rose against the dollar for the second consecutive day, climbing from 1.0272 to 1.0386.On the 4-hour chart, the pair has broken above the 200-period simple moving average (SMA) line, which had been acting as resistance, and on the daily chart, the upward trend continues after avoiding a new low for the month. It will be worth watching to see if the U.S. dollar continues to weaken.

Among European currencies, the Swiss franc rose slightly against the yen. The CHF/JPY pair rose from 169.668 to 171.024. A trend along the 20-period moving average (MA) on the hourly chart was observed.On the 4-hour chart, the candlesticks have extended to the 75-period moving average (MA) resistance line, while the daily chart shows a retracement toward the centerline of the 20-period MA. However, as the Swiss franc has weakened during today’s Asian trading session, traders should pay close attention to the direction of the market during European trading hours.

Today’s schedule includes New Zealand’s employment statistics at 6:45, South Korea’s Consumer Price Index at 8:00, Japan’s Monthly Labor Survey at 8:30, the Philippines’ Consumer Price Index at 10:00, China’s Caixin PMI at 10:45, Indonesia’s retail sales at 13:00,2:00 PM: India’s Services PMI; 4:45 PM: France’s Industrial Production; 5:50 PM: France’s Non-Manufacturing PMI; 5:55 PM: Germany’s Non-Manufacturing PMI; 6:00 PM: Eurozone’s Non-Manufacturing PMI;6:30 PM UK Non-Manufacturing PMI, 7:00 PM Eurozone Producer Price Index, 9:00 PM US MBA Mortgage Applications Index, Brazil Industrial Production, 10:15 PM US ADP Employment Report, 10:30 PM US Trade Balance,Canada’s International Merchandise Trade, at 11:45 PM the U.S. PMI Purchasing Managers’ Index, at 12:00 AM the U.S. ISM Non-Manufacturing Index, and at 12:30 AM U.S. weekly crude oil inventories are scheduled. We intend to carefully monitor whether the Swiss franc’s recent rise will continue.

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 Market Keep a Close Eye on the Euro's Direction Following the Rise in the Consumer Price Index?

Next Article

Watch for any potential weakening of the pound following the BOE’s policy rate announcement
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 (rate). 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 four 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