Attention is turning to the upside potential for the GBP/USD pair, which has rebounded from its year-to-date low
01.04.2026
- Hao・Residential Construction Permit
- U.S. ISM Manufacturing Index
In yesterday's U.S. currency markets, the U.S. dollar fell against the euro. The EUR/USD pair rose from 1.1447 to 1.1563. The price extended along the +2σ line of the hourly Bollinger Bands to the 200-day SMA. On the 4-hour chart, the price has surged to the +2σ line of the Bollinger Bands, and on the daily chart, it is currently recovering from near last month's low.
Among European currencies, the pound rose against the U.S. dollar. The GBP/USD pair climbed from 1.3159 to 1.3264. On the hourly chart, the price has moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the RSI has recovered from 25 to 46, and on the daily chart, the pair has staged a sharp rebound from its year-to-date low. Given that the pound is trending higher during today’s Asian trading session, it will be worth watching whether it gains further momentum during U.S. trading hours.
Today's economic indicators include New Zealand housing permits at 6:45, the Bank of Japan's Tankan survey at 8:50, Australian housing permits at 9:30,4:55 PM: Germany Manufacturing PMI, 5:00 PM: Eurozone Manufacturing PMI, 5:30 PM: UK Manufacturing PMI, 6:00 PM: Eurozone Employment Statistics, 8:00 PM: US MBA Mortgage Applications Index, 9:15 PM: US ADP Employment Report, 9:30 PM: US Retail Sales, 10:05 PM: US Musalem:St. Louis Fed President Musalem, 10:10 PM: US Fed Governor Barr’s remarks, 10:45 PM: US PMI Purchasing Managers’ Index, 11:00 PM: US Business Inventories, US ISM Manufacturing Index, US Building Permits, and 11:30 PM: US Weekly Crude Oil Inventories. We will be watching for upside potential in the GBP/USD pair, which has recovered from its year-to-date low.
