Attention may turn to the euro’s potential for recovery amid its current weakness
02.06.2025
- Japan: Capital Expenditures
- European Manufacturing PMI
Last weekend, the U.S. dollar rose against the Swiss franc. The USD/CHF pair climbed from 0.8198 to 0.8249, trading within the range of the +2σ to -2σ Bollinger Bands on the hourly chart.On the 4-hour chart, the pair is facing resistance at the 10-day moving average (MA), and on the daily chart, it has been unable to break through the resistance zone formed by the 20-day MA. We will be watching to see if the US dollar continues to strengthen during European trading hours.
European currencies fell against the U.S. dollar after Germany’s consumer price index, released on May 30, remained unchanged from the previous month at 2.1% year-over-year.The EUR/USD pair fell from 1.1389 to 1.1311, dropping just below the 200-period EMA on the hourly chart. On the 4-hour chart, the pair is hovering just below the 200-period SMA, searching for direction. Meanwhile, on the daily chart, the RSI is showing a slight upward trend. We will be watching closely to see if the euro continues to weaken during today’s U.S. trading session.
Today’s schedule includes Japan’s capital expenditure data at 8:50, the UK’s Nationwide house price index at 15:00, Germany’s manufacturing PMI at 16:55, the Eurozone’s manufacturing PMI at 17:00, the UK’sUK Consumer Credit Balance and UK Money Supply, at 5:30 PM UK Manufacturing PMI, at 10:45 PM US PMI Purchasing Managers' Index, at 11:00 PM US ISM Manufacturing Index and US Construction Spending, at 1:45 AM US remarks by Goolsbee, President of the Chicago Fed, and at 2:00 AM US remarks by Fed Chair Powell.We will closely monitor the potential for a recovery in the euro, which has been trading lower.
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
