Market participants may be waiting to see how much further the euro can rise against the U.S. dollar

Market participants may be waiting to see how much further the euro can rise against the U.S. dollar

16.09.2025

In yesterday’s U.S. currency trading, the Canadian dollar reached its strongest level during U.S. trading hours after Canada’s July manufacturing sales, released yesterday, rebounded to 2.5% from 0.3% the previous month. The CAD/JPY pair rose for the third consecutive day, climbing from 106.455 to 107.054.The price rose without hesitation at the resistance level of the 200-period simple moving average (SMA) on the hourly chart. The 4-hour chart showed a similar price movement to the hourly chart, and on the daily chart, the 200-period SMA acted as a support level, causing the price to reverse. It is currently breaking above that level.

European currencies rose as the euro strengthened against the U.S. dollar following yesterday’s release of the EU’s July trade balance, which improved to €5.3 billion from €2.8 billion the previous month.The EUR/USD pair rose from 1.1716 to 1.1773. Prices were pushed higher while finding support at the 75-period moving average on the hourly chart. On the 4-hour chart, the candlesticks have extended to the +3σ level of the Bollinger Bands, and on the daily chart, prices have recovered to levels near this month’s high.

Today’s economic indicators include: Japan’s Tertiary Industry Activity Index at 1:30 PM, the UK’s Employment Statistics and ILO Unemployment Rate at 3:00 PM, Germany’s ZEW Economic Sentiment Index and Eurozone Industrial Production at 6:00 PM, Canada’s Housing Starts at 9:15 PM, U.S. Retail Sales at 9:30 PM,Canada’s Consumer Price Index and U.S. Import Price Index, U.S. Industrial Production at 22:15, U.S. Business Inventories and the NAHB Housing Market Index at 23:00, and a U.S. 20-year Treasury auction at 26:00. We will cautiously monitor the upside potential of the euro, which has been strengthening against the U.S. dollar.

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