All eyes are on whether the euro, which rebounded against the Oceania currencies, will continue to rise

All eyes are on whether the euro, which rebounded against the Oceania currencies, will continue to rise

08.05.2025

In the U.S. currency market yesterday, the Federal Open Market Committee (FOMC) kept interest rates unchanged and stated that "the economy continues to expand at a solid pace," causing the U.S. dollar to reach its strongest levels around the time of the announcement.The EUR/USD pair fell back from 1.1378 to 1.1293. On the hourly chart, it has shifted from an uptrend to a downtrend just below the 20-period moving average (MA). On the 4-hour chart, the candlesticks have fallen from the +2σ to the -2σ levels of the Bollinger Bands, and on the daily chart, the pair is currently attempting to break below the 20-MA support line.

Among European currencies, the euro rebounded against the Australian dollar. The EUR/AUD pair rose from 1.7386 to 1.7621. On the hourly chart, the price moved from the -3σ to the +2σ Bollinger Band. On the 4-hour chart, a rebound occurred just below the 20-period moving average, and on the daily chart, the upper end of the 75-period moving average served as a support level, causing the candlestick to reverse.

Today, the UK RICS House Price Index will be released at 8:01, the BOJ meeting minutes at 8:50, German industrial production and trade balance at 15:00, the BOE interest rate decision and statement at 20:00, and South African manufacturing output ata press conference by UK BOE Governor Bailey at 8:30 PM, US initial jobless claims and nonfarm productivity at 9:30 PM, US wholesale inventories at 11:00 PM, remarks by Canadian BOC Governor McClem at midnight, and a US 30-year Treasury auction at 2:00 AM.We will be watching for signs of whether the euro, which rebounded against the Oceania currencies, will continue to rise.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   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

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   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?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?