Investors should be on the lookout for potential shifts in market sentiment due to the overlapping release of economic indicators in U.S. time.

Investors should be on the lookout for potential shifts in market sentiment due to the overlapping release of economic indicators in U.S. time.

05.03.2025

In the U.S. currency market yesterday, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 102.192 to 104.188, recovering from the -2σ to the +3σ levels on the hourly Bollinger Bands.On the 4-hour chart, the price has shifted from below the 20-day moving average (MA) to above it, and on the daily chart, it appears to be consolidating at lower levels over the past week. However, with a slew of economic indicators scheduled for release during today’s U.S. trading session, we should remain vigilant regarding price movements during U.S. hours.

European currencies rose during U.S. trading hours as the euro gained ground following yesterday’s release of the January unemployment rate, which improved by approximately 0.1 percentage points to 6.2% from the previous month’s 6.3%. The euro/dollar pair climbed from 1.0468 to 1.0626. A trend has emerged along the 20-period moving average on the hourly chart. On the 4-hour chart, the RSI surged to 78. On the daily chart, the pair has recovered to levels not seen since mid-November of last year.

Today’s schedule includes remarks by Bank of Japan Governor Ueda at 9:00, Australia’s Q4 GDP at 9:30, remarks by Bank of Japan Deputy Governor Uchida at 10:30, remarks by Japan’s Finance Vice Minister Mimura at 13:45, Switzerland’s Consumer Price Index at 16:30, France’s Industrial Production at 16:45, and the UK’sNon-Manufacturing PMI, 7:00 PM: Eurozone Producer Price Index, 9:00 PM: U.S. MBA Mortgage Applications Index, 10:15 PM: U.S. ADP Employment Report, 10:30 PM: Canada Labor Productivity Index, 12:00 AM: U.S. ISM Non-Manufacturing PMI, and 4:00 AM: U.S. Federal Reserve Beige Book.We should remain highly vigilant for potential shifts in market sentiment caused by the overlapping release of these indicators during U.S. trading hours.