View:

June 14, 2024

Preview: Due June 27 - U.S. May Durable Goods Orders - A correction lower n a near flat trend
Paying Article

June 14, 2024 6:08 PM UTC

We expect May durable orders to decline by 1.1% delivering the first decline in three months, while orders ex transport fall by 0.2% in a correction from a 0.4% increase in April. 

...
Russia’s Inflation Continued to Surge in May: 8.3% YoY
Paying Article

June 14, 2024 5:40 PM UTC

Bottom Line: According to Russian Federal Statistics Service data released on June 14, inflation surged to 8.3% YoY in May after hitting 7.8% YoY in April, the highest since February 2023, due to high military spending, currency weakening, tight labour market, and fiscal policy igniting domestic dem

Preview: Due June 28 - Canada April GDP - Modest boost seen from autos
Paying Article

June 14, 2024 5:11 PM UTC

We expect Canadian GDP to increase by 0.2% in April, slightly below a 0.3% increase projected with March’s unchanged outcome. The data is expected to be supported by recovery in autos which saw restraint in March from retooling in Ontario.

FX Weekly Strategy: June 17th-21st
Paying Article

June 14, 2024 3:20 PM UTC

French political picture in focus as risk sentiment suffers
EUR likely to remain under pressure
Some downside risks for GBP on MPC meeting
PMIs look like the most important data

Chart USD/CAD Update: Consolidating - resistance at 1.3800
Freemium Article

June 14, 2024 3:15 PM UTC

Little change, as prices extend cautious trade around 1.3750

U.S. June Michigan CSI - Lower on current conditions
Paying Article

June 14, 2024 2:11 PM UTC

June’s preliminary Michigan CSI showed an unexpected fall to 65.6 from 69.1, to its lowest since November. Significantly the fall was led by current conditions, a sign that the economy may be slowing, as also suggested by yesterday’s sharp rise in initial claims.

Chart AUD/USD Update: Under pressure
Paying Article

June 14, 2024 1:48 PM UTC

Cautious trade is giving way to a steady drift lower

Chart EUR/JPY Update: Under pressure
Paying Article

June 14, 2024 1:37 PM UTC

Choppy trade around congestion at 169.00 has given way to a pullback

Chart USD/JPY Update: Consolidating choppy gains
Paying Article

June 14, 2024 1:14 PM UTC

The test of resistance at the 157.71 weekly high of 29 May has met selling interest within 158.00/20

Chart USD Index DXY Update: Smart bounce - strong resistance at 106.00
Paying Article

June 14, 2024 1:00 PM UTC

Cautious trade has given way to a sharp break higher

U.S. Fed's Mester - May CPI is welcome news
Paying Article

June 14, 2024 12:52 PM UTC

Chart USD/RUB Update: Volatility giving way to consolidation
Paying Article

June 14, 2024 12:41 PM UTC

Heightened volatility has seen prices swing within 85.6500-91.7000

Chart EUR/PLN Update: Room for higher in the coming sessions
Paying Article

June 14, 2024 11:27 AM UTC

Cautious trade has given way to the anticipated break higher

European Summary and Highlights 14 June
Paying Article

June 14, 2024 11:06 AM UTC

The JPY recovered in the European morning after the overnight sell off, with USD/JPY dropping a big figure to just above 157, while EUR/JPY fell more than 150 pips to trade below 168.

Chart USD/ZAR Update: Consolidating - daily studies under pressure
Paying Article

June 14, 2024 11:02 AM UTC

Little change, as prices extend consolidation following the fresh test of congestion resistance at 18.5000

Chart EUR/CAD Update: Scope for lower in the coming sessions
Paying Article

June 14, 2024 10:35 AM UTC

The test of resistance at 1.4850 has given way to a sharp fall

Psychology for major markets June 14th
Paying Article

June 14, 2024 10:18 AM UTC

EUR under pressure on French election concern; risk sentiment weakening

This week's five highlights
Paying Article

June 14, 2024 10:00 AM UTC

FOMC delivers hawkish 2024 dots
U.S. Initial Claims up sharply, May PPI corrects April strength
U.S. May CPI Loses Momentum
BoJ Surprise Again
Flat April UK GDP 

FX Daily Strategy: N America, June 14th
Paying Article

June 14, 2024 8:57 AM UTC

BoJ the focus on Friday and surprised market again
Already plenty of reasons for JPY recovery, but increasingly hard to find a trigger
SEK vulnerable vs NOK unless CPI comes in strong
USD generally looks vulnerable if US outperformance fades

CHF flows: EUR/CHF continues to probe lower
Paying Article

June 14, 2024 8:44 AM UTC

Concerns about French politics and underlying fiscal fragility maintain downward pressure on EUR/CHF

Chart EUR/CHF Update: Extending May losses
Paying Article

June 14, 2024 8:39 AM UTC

Cautious trade has given way to sharp losses

Chart USD/CHF Update: Leaning lower - studies under pressure
Freemium Article

June 14, 2024 8:24 AM UTC

Cautious trade is giving way to a break lower

Chartbook: US Chart Gold (XAU): Room for deeper correction from the 2450 record high
Paying Article

June 14, 2024 8:15 AM UTC

Turned down from the May record high at 2450 as prices consolidate the bullish breakout at the start of Q2

Chart EUR/GBP Update: Lower towards 0.8400/03
Paying Article

June 14, 2024 8:06 AM UTC

Cautious trade is giving way to fresh losses

Chart EUR/USD Update: Leaning lower
Paying Article

June 14, 2024 7:50 AM UTC

Cautious trade has given way to a break lower

Chart GBP/USD Update: Leaning lower in range
Freemium Article

June 14, 2024 7:33 AM UTC

Cautious trade has given way to a break lower

Chart AUD/NZD Update: Consolidating, scope to extend bounce from 1.0725 low
Paying Article

June 14, 2024 7:16 AM UTC

 Remains in consolidation above the 1.0725 low but bounce attempt see gains limited to the 1.0800 congestion

SEK flows: EUR/SEK reverses initial dip after stronger CPI
Paying Article

June 14, 2024 7:03 AM UTC

Swedish CPI stronger than expected in April, but SEK fails to sustain initial gains

Chart EUR/AUD Update: Within reach of 1.6130, January YTD low
Paying Article

June 14, 2024 7:01 AM UTC

Break of the 1.6218 support see scope for retest of the 1.6130, January YTD low.

JPY flows: JPY lower after BoJ disappoints, but...
Paying Article

June 14, 2024 6:53 AM UTC

USD/JPY above 158 for the first time since end-April BoJ intervention after BoJ leaves policy unchanged. But risks remain to the downside

Chart AUD/JPY Update: Within reach of the 104.85/104.95 highs
Paying Article

June 14, 2024 6:42 AM UTC

Pressure remains on the upside to extend gains from the 102.60 low

Chart GBP/JPY Update: Extending gains
Paying Article

June 14, 2024 6:33 AM UTC

Consolidation below the 200.75 May high has given way to break to extend the underlying bull trend

Asia Summary and Highlights 14 June
Freemium Article

June 14, 2024 5:33 AM UTC

BoJ keep rates on hold and did not cut bond purchase this month
Forward guidance suggest BoJ will decide bond purchase cut in July

FX Daily Strategy: Europe, June 14th
Paying Article

June 14, 2024 5:28 AM UTC

BoJ the focus on Friday and surprised market again
Already plenty of reasons for JPY recovery, but increasingly hard to find a trigger
SEK vulnerable vs NOK unless CPI comes in strong
USD generally looks vulnerable if US outperformance fades

Chart USD/JPY Update: Pressuring the 158.00 level
Paying Article

June 14, 2024 5:26 AM UTC

Consolidation around the 157.00 level has given way to sharp break through the 157.40 and 157.71 highs to retest the 158.00 level

BoJ Review: Pushing Hikes to July, if any
Paying Article

June 14, 2024 5:24 AM UTC

BoJ keep rates and bond purchase the same, suggesting the planning for bond purchase cut will be decided in July

Chart USD/INR Update: Firm in range below the 83.5735 high
Paying Article

June 14, 2024 5:12 AM UTC

 Little change, as prices extend consolidation below the Tuesday's 83.5735 high

AUD/USD flows: Soft regional sentiment
Paying Article

June 14, 2024 5:07 AM UTC

Chinese and Hong Kong equities in the red

USD/JPY flows: BoJ Surprise Again
Paying Article

June 14, 2024 4:59 AM UTC

BoJ keep rates on hold and did not cut bond purchase this month
Forward guidance suggest BoJ will decide bond purchase cut in July

Chart USD/IDR Updates: Extending gains
Paying Article

June 14, 2024 3:15 AM UTC

Consolidation below the 16300 level has given way to sharp break higher 

Chart USD/THB Update: Extend consolidation below 36.97 resistance
Paying Article

June 14, 2024 2:55 AM UTC

 Higher in consolidation as prices extend bounce from the 36.40 low and see scope for retest of the 36.97 resistance

Chart USD/KRW Update: Firmer within the 1380.00/1363.00 range area
Paying Article

June 14, 2024 2:36 AM UTC

 Extending choppy trade within the 1380.00/1363.00 range area

Chart USD/SGD Update: Firmer in range from the 1.34850/38 support
Paying Article

June 14, 2024 2:21 AM UTC

Higher in consolidation following bounce from support at the 1.3450/38 area

Chart GBP/USD Update: Scope for deeper pullback from 1.2860 spike high
Paying Article

June 14, 2024 2:00 AM UTC

Failed to get a foothold above the 1.2800 level following rejection from the 1.2860 high

Chart EUR/USD Update: Under pressure, 1.0725/00 support back in focus
Paying Article

June 14, 2024 1:43 AM UTC

Turned back sharply from test of the 1.0850 resistance 

Chart EUR/JPY Update: Leaning lower from the 170.00 level
Paying Article

June 14, 2024 1:15 AM UTC

Leaning lower in consolidation following rejection from the 170.00 level to retest the 168.30 low

Chart USD/JPY Update: Drifting narrowly around 157.00
Paying Article

June 14, 2024 12:53 AM UTC

Little change, as prices extend consolidation around the 157.00 level

Chart NZD/USD Update: Lower in consolidation from the .6200/22 high
Paying Article

June 14, 2024 12:38 AM UTC

Turned back in range after failing to sustain break above the .6200 level as prices unwind overbought intraday studies

Chart AUD/USD Update: Settled back in range
Paying Article

June 14, 2024 12:20 AM UTC

Settled back in range from retest of strong resistance at the .6700/15 congestion and May high

June 13, 2024

FX Daily Strategy: Asia, June 14th
Paying Article

June 13, 2024 9:00 PM UTC

BoJ the focus on Friday with reduction in bond buying expected
Already plenty of reasons for JPY recovery, but increasingly hard to find a trigger
SEK vulnerable vs NOK unless CPI comes in strong
USD generally looks vulnerable if US outperformance fades