Market participants are likely to watch the back-and-forth movement of the pound-dollar exchange rate with caution
19.05.2025
- Eurozone Consumer Price Index
- Japan's Tertiary Industry Activity Index
Last weekend, the U.S. dollar rose slightly against the euro. The EUR/USD pair fell from 1.1218 to 1.1131. It pulled back after encountering resistance at the 200-period EMA on the hourly chart. On the 4-hour chart, the RSI has fallen from 51 to 38, and on the daily chart, the pair is currently searching for direction after encountering resistance just below the upper 20-period MA.We will be watching closely to see if a clear direction emerges during U.S. trading hours at the start of this week.
Among European currencies, the pound fell slightly against the U.S. dollar. The GBP/USD pair dropped from 1.3332 to 1.3250. On the hourly chart, the price fell from the +2σ to the -3σ Bollinger Band. On the 4-hour chart, the price is consolidating just below the 20-period moving average, while on the daily chart, price action has remained at the same level since the start of this month.We will be watching to see if any distinctive price movements emerge during today’s U.S. trading session.
Today’s economic indicators include the New Zealand Producer Price Index at 7:45, the UK Rightmove House Price Index at 8:01, the Japan Tertiary Industry Activity Index at 13:30, and the Eurozone, 9:30 PM US Consumer Price Index, 9:30 PM remarks by Bostic, President of the Atlanta Fed, 9:45 PM remarks by Jefferson, Vice Chair of the Federal Reserve, 11:00 PM US Leading Economic Index, and 1:30 AM remarks by Schlegel, Governor of the Swiss National Bank. We will carefully monitor the fluctuating GBP/USD exchange rate.
Past Market Reports
17.04.2026
Will the market wait and see how much further the U.S. dollar can rise against the yen?
16.04.2026
Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.
15.04.2026
Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar
14.04.2026
Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?
13.04.2026
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
10.04.2026
Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?
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?
08.04.2026
Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?
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
06.04.2026
Investors should be wary of sudden spikes in volatility while major markets are closed
