All eyes are on whether the pound, which has been trading in a tight range against the yen, will extend its gains
29.04.2026
- Australia's Consumer Price Index (CPI)
- U.S. Durable Goods Orders
In the U.S. currency market yesterday, the U.S. dollar rose against the euro. The EUR/USD pair fell from 1.1726 to 1.16777. It declined as it encountered resistance at the 20-period moving average (MA) on the hourly chart.On the 4-hour chart, while the price is finding support at the 200-period EMA on the downside, the upside is being capped by a downward-sloping trendline; on the daily chart, the price is currently teetering on the brink of breaking below the 20-period MA.
Among European currencies, the pound traded sideways against the yen. The GBP/JPY pair fluctuated between 214.947 and 215.827. Prices moved across the 20-period moving average (MA), finding support at the 200-period simple moving average (SMA) on the hourly chart.A similar price pattern was observed on the 4-hour chart, and on the daily chart, the uptrend line along the 10-day moving average remains intact, with the pair currently attempting to break its year-to-date high.
Today’s key economic indicators include remarks by RBNZ Governor Breman at 9:30, Australia’s Consumer Price Index (CPI) at 10:30, the Eurozone’s money supply at 17:00, the Eurozone’sBusiness Climate Index and Consumer Confidence Index at 18:00, U.S. Mortgage Applications at 20:00, German Consumer Price Index (CPI) at 21:00, U.S. Durable Goods Orders and Housing Starts at 21:30, Bank of Canada (BOC) Policy Rate and Statement at 22:45,at 11:30 PM: U.S. weekly crude oil inventories and a press conference by BOC Governor Macleam; at 3:00 AM: U.S. FOMC policy rate decision and statement; and at 3:30 AM: a press conference by Fed Chair Powell.We will be watching closely to see if the pound, which has been trading in a tight range against the yen, will extend its gains.
