Will the U.S. Keep a Close Eye on Price Movements at the Start of the Month While Markets Are Closed?
01.09.2025
- Japan: Second-Quarter Capital Expenditures
- UK Nationwide Home Prices
Last weekend, the Canadian dollar rose against the yen. The CAD/JPY pair climbed from 106.751 to 107.116. The 75-period moving average (MA) on the hourly chart acted as a support level and turned upward.On the 4-hour chart, the pair is currently attempting to break above the 200-period EMA resistance line, while on the daily chart, the RSI is hovering around 50 and continues to trade above the 20-period MA.
European currencies saw the euro rise slightly against the yen after the August Harmonized Index of Consumer Prices (HICP) for the eurozone, released on August 29, showed a year-over-year increase of 2.1%, up from 1.8% the previous month.The euro rose against the U.S. dollar from 1.1650 to 1.1708. It rebounded after finding support at the 200-period EMA on the hourly chart. On the 4-hour chart, the price bounced back after touching the 20-period MA, and on the daily chart, it is also rebounding from the 20-period MA, similar to the 4-hour chart.
Today, New Zealand housing permits are scheduled for 7:45, Japan’s second-quarter capital expenditure at 8:50, Australia’s housing permits at 10:30,3:00 p.m. UK Nationwide House Prices, 3:30 p.m. Swiss Retail Sales, 4:30 p.m. Swiss Manufacturing PMI, 4:50 p.m. French Manufacturing PMI, 4:55 p.m. German Manufacturing PMI, 5:00 p.m. EurozoneManufacturing PMI at 17:00, UK Consumer Credit Balances, UK Money Supply, and UK Manufacturing PMI at 17:30, and Eurozone Employment Statistics at 18:00. Please note that U.S. markets are closed today for a holiday. We will be closely monitoring price movements at the start of the month while U.S. markets are closed.
