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 yesterday’s U.S. currency trading, 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, traders 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 rose from 1.0468 to 1.0626. A trend developed 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, 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.

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