Investors should pay close attention to ECB President Lagarde’s remarks at the press conference following the ECB’s interest rate announcement

Investors should pay close attention to ECB President Lagarde’s remarks at the press conference following the ECB’s interest rate announcement

11.09.2025

In the U.S. currency market yesterday, the Canadian dollar fell against the yen. The CAD/JPY pair dropped from 106.548 to 106.197.On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price has been weakening as it faces resistance at the 10-period MA, and on the daily chart, it has fallen for four consecutive days, with the price closing below the 200-period exponential moving average (EMA) support line. Furthermore, as downward price movement is also being observed during today’s Asian session, we should be on guard for further weakness in the Canadian dollar during the European session.

Ahead of today’s ECB policy rate announcement, the euro weakened against the U.S. dollar. The EUR/USD pair fell from 1.1730 to 1.1682. On the hourly chart, it traded between the +3σ and -2σ lines of the Bollinger Bands. On the 4-hour chart, the pair is gradually forming lower highs between the 20-day and 75-day moving averages, and on the daily chart, it has fallen for two consecutive days.The market is currently experiencing a pullback following last month’s new high. We will be watching for comments from ECB President Lagarde to see if the euro continues to weaken following today’s ECB policy rate announcement.

Today’s schedule includes remarks by RBNZ Governor Hawkesby at 8:15 a.m., Japan’s Q3 Business Sentiment Index (BSI) and Domestic Corporate Goods Price Index at 8:15 a.m., the TCMB policy rate decision and statement at 8:00 p.m., and at 9:15 p.m., theECB policy rate and statement, 21:30 US Initial Jobless Claims and US Consumer Price Index, 21:45 EU ECB President Lagarde’s press conference, 23:30 US Weekly Natural Gas Inventories, 26:00 US 30-Year Treasury Auction, and 27:00 US Budget Balance.We should pay close attention to ECB President Lagarde’s remarks during the press conference following the ECB policy rate announcement.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 15.04.2026New

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

4. 14.04.2026New

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

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 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?

8. 08.04.2026

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

9. 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

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed