Will the rising U.S. dollar react to comments from key figures? Market participants are on alert for price movements during U.S. trading hours.

Will the rising U.S. dollar react to comments from key figures? Market participants are on alert for price movements during U.S. trading hours.

23.04.2025

In the previous day’s U.S. currency trading, the U.S. dollar strengthened slightly behind the Canadian dollar during U.S. trading hours. The EUR/USD pair fell from 1.1546 to 1.1362, dropping back below the 20-period moving average on the hourly chart.On the 4-hour chart, the RSI fell from 77 to 43. On the daily chart, the price is currently pulling back from the +2σ line of the Bollinger Bands. We will need to monitor the direction closely to see if the US dollar maintains its strength during US trading hours.

Among European currencies, the pound rebounded against the yen. GBP/JPY rose from 187.467 to 188.860. It recovered from the -2σ to the +3σ levels on the hourly Bollinger Bands. On the 4-hour chart, the pair has been trading around the 188.50 level for about a week, while on the daily chart, the 20-day moving average is acting as resistance, preventing the pair from breaking to new highs.We will be watching to see if the pound weakens during today’s U.S. trading session and resumes its downward trend.

Today’s schedule includes UK public sector net borrowing at 3:00 PM, German manufacturing and non-manufacturing PMIs at 4:30 PM, Eurozone manufacturing and non-manufacturing PMIs and South African CPI at 5:00 PM, and UK manufacturing andNon-Manufacturing PMI, at 8:00 PM the US MBA Mortgage Applications Index, at 10:00 PM remarks by US Chicago Fed President Goolsbee, at 10:30 PM remarks by US St. Louis Fed President Musalem, at 2:15 AM remarks by UK BOE Governor Bailey, and at 3:00 AM the US Federal Reserve Beige Book.We should remain vigilant regarding price movements during U.S. trading hours to see if the rising U.S. dollar will shift course in response to these key speeches.

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