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October 15, 2024

North American Summary and Highlights 15 October
Freemium Article

October 15, 2024 8:00 PM UTC

Overview - GBP was supported by labor market data but CAD losses on a softer CPI were not sustained. 

Psychology for major markets October 15th
Paying Article

October 15, 2024 7:09 PM UTC

USD still firm but failed to benefit from less dovish tone from Fed's Waller.

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Turkiye Unveils New Medium Term Program Towards 2024-2027
Paying Article

October 15, 2024 6:30 PM UTC

Bottom Line: Turkiye announced the Medium-Term Program (MTP) for 2024-2027 on September 5. According to the announcement, the main goal of the program aims to bring inflation down to single digits, and ensure price stability. GDP growth aimed to accelerate to 4% next year, 4.5% in 2026 and 5% in 202

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Bank of Canada Preview for October 23: Close call for 25bps rather than 50bps
Paying Article

October 15, 2024 6:18 PM UTC

The Bank of Canada’s October 23 decision looks a close call between a fourth straight 25bps easing to 4.0%, which is our expectation, or a 50bps move to 3.75%.  The BoC can feel increasingly confident of core inflation returning to the 2.0% target in 2025, though tentative signs of growth regaini

Chart USD/MXN Update: Limited tests higher
Paying Article

October 15, 2024 4:48 PM UTC

Cautious trade above support at 19.2500 is giving way to a test higher

Chart USD/CAD Update: Consolidating test of strong resistance at 1.3800/25
Paying Article

October 15, 2024 4:11 PM UTC

The test of strong resistance at congestion around 1.3800 and the 1.3825 Fibonacci retracement has been pushed back

Chart AUD/USD Update: Further consolidation - background under pressure
Paying Article

October 15, 2024 2:10 PM UTC

Still little change, as prices extend consolidation

FX Daily Strategy: Asia, October 16th
Paying Article

October 15, 2024 2:00 PM UTC

Geopolitics Keep Market on Edge,
UK CPI To be Below Target
and may drag Sterling below Support
USD/JPY Retreats From 150

Chart EUR/JPY Update: Consolidating
Paying Article

October 15, 2024 1:58 PM UTC

Still little change, as prices extend cautious trade

Chart USD/JPY Update: Consolidating test of 150.00
Paying Article

October 15, 2024 1:48 PM UTC

The anticipated test of congestion resistance at 150.00 has given way to a minor pullback

Chart USD Index DXY Update: Consolidating gains
Paying Article

October 15, 2024 1:16 PM UTC

The test of strong resistance at congestion around 103.00 and the 103.15 Fibonacci retracement is giving way to consolidation

Canada September CPI - Subdued, pause in BoC core rates downtrend likely to be temporary
Freemium Article

October 15, 2024 12:59 PM UTC

September Canadian CPI is weaker than expected overall at 1.6% from 2.0% yr/yr, and subdued on the month, though there has been a lack of further progress on the Bank of Canada’s core rates, largely because year ago data dropping out was also subdued and below where trend then was. This leaves nex

Chart USD/RUB Update: Strong resistance at the 97.8250 Fibonacci retracement
Paying Article

October 15, 2024 12:17 PM UTC

The test of the 97.8250 Fibonacci retracement has given way to a pullback

Chart EUR/PLN Update: Consolidating, but prices under pressure
Paying Article

October 15, 2024 11:59 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious

Chart USD/ZAR Update: Room for higher in the coming sessions
Paying Article

October 15, 2024 10:52 AM UTC

The anticipated test of strong resistance at the 17.6735 weekly high of 9 October is giving way to expected consolidation

FX Daily Strategy: N America, October 15th
Paying Article

October 15, 2024 10:29 AM UTC

ECB meeting to deliver expected rate cut
EUR/USD risks still on the downside
UK data to support weaker GBP tone
JPY to remain soft in the absence of news

Chart EUR/CAD Update: Further gains to remain limited
Paying Article

October 15, 2024 10:17 AM UTC

The test below support at 1.5050 has given way to a bounce

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U.S. Tensions for China: Protected by BRICS and BRI?
Paying Article

October 15, 2024 9:30 AM UTC

BRICS can provide a political buffer but not economic, as BRICS are still searching for practical areas for cooperation.  However, Donald Trump universal tariffs threats could focus BRICS on more intra EM trade. BRI has already helped to redirect China exports to EM countries, despite the slowdown

Chart EUR/CHF Update: Choppy trade - studies rising
Paying Article

October 15, 2024 8:20 AM UTC

The anticipated break above congestion resistance at 0.9400 has been pushed back from 0.9425

Chart USD/CHF Update: Consolidating gains - studies remain positive
Freemium Article

October 15, 2024 8:11 AM UTC

Anticipated gains have met selling interest just beneath resistance at 0.8650

Chart EUR/GBP Update: Under pressure
Paying Article

October 15, 2024 7:50 AM UTC

Consolidation is giving way to a break lower

Chart EUR/USD Update: Poised to extend September losses
Paying Article

October 15, 2024 7:34 AM UTC

Still little change, as prices extend cautious trade around support at 1.0900

Chart GBP/USD Update: Consolidating - background studies under pressure
Freemium Article

October 15, 2024 7:27 AM UTC

Still little change

Chart GBP/JPY Update: Extending consolidation 195.95 resistance
Paying Article

October 15, 2024 7:15 AM UTC

Little change, as prices extend consolidation below the 195.95, September corrective high

Chart AUD/JPY Update: Extending consolidation below the 101.42 high
Paying Article

October 15, 2024 6:57 AM UTC

Bounce from the 99.00 support has seen gains checked at the 100.80 resistance

Chart AUD/NZD Update: Lower in consolidation from 1.1090 high
Paying Article

October 15, 2024 6:36 AM UTC

Edging lower from the 1.1090 high as prices unwind overbought daily studies

Asia Summary and Highlights 15 October
Freemium Article

October 15, 2024 5:06 AM UTC

Sentiment mixed with Chinese and a Hong Kong equities in the red

Chart USD/INR Update: Still room to extend gains
Paying Article

October 15, 2024 5:01 AM UTC

Consolidating below the 84.0750 high but pressure remains on the upside

Chart USD/CNH Update: Extending gains, scope to 7.1410 Fibonacci retracement
Paying Article

October 15, 2024 4:48 AM UTC

Consolidation below the 7.1000 resistance has given way to sharp break higher to extend gains from the September YTD low

FX Daily Strategy: Europe, October 15th
Paying Article

October 15, 2024 4:39 AM UTC

ECB meeting to deliver expected rate cut
EUR/USD risks still on the downside
UK data to support weaker GBP tone
JPY to remain soft in the absence of news

Chart USD/IDR Updates: Extending pullback from the 15694 high
Paying Article

October 15, 2024 3:10 AM UTC

Extending pullback from the 15694 high as prices unwind the overbought daily studies

Chart USD/THB Update: Consolidating at 33.11 pullback low
Paying Article

October 15, 2024 2:55 AM UTC

Edged up from the 33.11 low as prices consolidate losses from the 33.65 high of last week

Chart USD/KRW Update: Extending gains
Paying Article

October 15, 2024 2:38 AM UTC

Sharply higher to extend bounce from the 1340.00 support to reach the 1360.00 level

USD/JPY flows: Pausing before 150
Paying Article

October 15, 2024 2:19 AM UTC

USD paused before 150

Chart USD/SGD Update: Consolidating below 1.3100, bu scope for break
Paying Article

October 15, 2024 2:13 AM UTC

Extending consolidation below the 1.3100 level but scope seen for break to extend gains from the 1.2800 low

Chart GBP/USD Update: Consolidating test of 1.3045/00 strong support
Paying Article

October 15, 2024 1:57 AM UTC

No follow-through on break of the 1.3045 support as prices unwind the oversold intraday studies

Chart EUR/USD Update: Weighing on the 1.0905/00 support
Paying Article

October 15, 2024 1:47 AM UTC

No follow-through on break of the 1.0905/00 support but prices remain under pressure

Chart EUR/JPY Update: Extending consolidation below 163.60/90 highs
Paying Article

October 15, 2024 1:03 AM UTC

Extending consolidation below the 163.60 high

Chart USD/JPY Update: Consolidating test of 150.00 figure, room for higher
Paying Article

October 15, 2024 12:55 AM UTC

 Consolidation below the 149.40 resistance has given way to break higher to reach the 150.00 figure

Chart NZD/USD Update: Consolidating at .6052/50 support
Paying Article

October 15, 2024 12:31 AM UTC

Little change, as prices extend consolidation above the .6052/50, 61.8% Fibonacci retracement and congestion area

AUD/USD flows: Regional sentiment mixed
Paying Article

October 15, 2024 12:26 AM UTC

ANZ-Roy Morgan Consumer Confidence 83.4 (prior 83.3)

Chart AUD/USD Update: Consolidating at .6715/00 support, but still heavy
Paying Article

October 15, 2024 12:14 AM UTC

Little change, as prices consolidate test of the .6715/00 support

October 14, 2024

FX Daily Strategy: Asia, October 15th
Paying Article

October 14, 2024 9:00 PM UTC

ECB meeting to deliver expected rate cut
EUR/USD risks still on the downside
UK data to support weaker GBP tone
JPY to remain soft in the absence of news

North American Summary and Highlights 14 October
Freemium Article

October 14, 2024 7:57 PM UTC

Overview - In a quiet day the USD was mostly firmer, the gains coming largely before less dovish remarks from Fed’s Waller. 

U.S. Fed's Waller - Recent data suggests proceeding with more caution on rate cuts
Paying Article

October 14, 2024 7:25 PM UTC

Recent data suggests proceeding with more caution on rate cuts -- Fed Waller.

Chart USD/BRL Update: Consolidating gains - background improving
Paying Article

October 14, 2024 4:56 PM UTC

The test above 5.6000 has been pushed back from beneath resistance at 5.7000

Chart USD/CAD Update: Strong resistance at 1.3800/25 - studies rising
Paying Article

October 14, 2024 4:13 PM UTC

Steady USD- and CAD-driven gains are approaching strong resistance at congestion around 1.3800 and the 1.3825 Fibonacci retracement

FX Daily Strategy: APAC, October 15th
Paying Article

October 14, 2024 2:55 PM UTC

ECB meeting to deliver expected rate cut
EUR/USD risks still on the downside
UK data to support weaker GBP tone
JPY to remain soft in the absence of news

Chart AUD/USD Update: Consolidating test of 0.6700/15 - background under pressure
Paying Article

October 14, 2024 2:13 PM UTC

Little change, as prices extend consolidation

Chart EUR/JPY Update: Higher in range - background improving
Paying Article

October 14, 2024 1:31 PM UTC

Little change, as prices extend cautious trade above congestion support at 163.00