Should we try to gauge the direction of currency strength and weakness while keeping an eye on remarks by key figures in the U.S.?
14.04.2026
- Australia's Westpac Consumer Confidence Index
- Japan: Industrial Production
In yesterday’s U.S. currency trading, the U.S. dollar fell against the euro. The EUR/USD pair rose from 1.1664 to 1.1765. This pushed the hourly RSI from 43 to 74 and caused the price to move from below the 20-period moving average (MA) to above it.On the 4-hour chart, the 20-period moving average is acting as a support level, and the price is rising sharply; on the daily chart, the pair has risen for six consecutive days. A “band walk” was observed at the +2σ level of the Bollinger Bands.
Among European currencies, the euro fell against the pound. The EUR/GBP pair dropped from 0.8722 to 0.8696. It fell within the range of the +2σ to -2σ Bollinger Bands on the hourly chart.On the 4-hour chart, the pair is searching for direction just below the 20-period moving average (MA), while on the daily chart, it is currently testing a break below the 200-period simple moving average (SMA) support line. Meanwhile, on the weekly chart, the upside is being capped by the trend line extending from last November.
Today’s schedule includes the UK BRC same-store sales at 8:01, the Australian Westpac Consumer Confidence Index at 9:30, the Australian NAB Business Confidence Index at 10:30,1:30 PM: Japan’s Industrial Production; 5:50 PM: Remarks by a UK MPC member; 7:00 PM: U.S. NFIB Small Business Optimism Index; 9:30 PM: U.S. Producer Price Index (PPI);11:00 p.m. UK: Remarks by MPC Member Green; 1:05 a.m. UK: Remarks by BOE Governor Bailey; 1:45 a.m. US: Remarks by Fed Governor Barr; 2:00 a.m. US: Paulson:Remarks by Paulson, President of the Philadelphia Fed, and at 6:00 the following day, remarks by Lagarde, President of the ECB. We will monitor currency strength and weakness while paying close attention to remarks by key figures during U.S. trading hours.
