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, it continues to trade above the 20-period MA near the RSI 50 level.
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 data for 8:50, Australia’s housing permits for 10:30,3:00 PM UK Nationwide House Prices, 3:30 PM Swiss Retail Sales, 4:30 PM Swiss Manufacturing PMI, 4:50 PM French Manufacturing PMI, 4:55 PM German Manufacturing PMI, 5:00 PM EurozoneManufacturing PMI at 5:30 p.m., UK Consumer Credit Balances, UK Money Supply, and UK Manufacturing PMI at 5:30 p.m., and Eurozone Employment Statistics at 6:00 p.m. 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.
