View:

October 22, 2024

Chart EUR/PLN Update: Focus on 4.3250/00 in PLN-driven trade
Paying Article

October 22, 2024 10:48 AM UTC

Choppy trade around 4.3200 is giving way to fresh PLN-driven gains

Chart USD/ZAR Update: Extending consolidation
Paying Article

October 22, 2024 10:29 AM UTC

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

Europe Summary and Highlights 22 October
Paying Article

October 22, 2024 10:12 AM UTC

FX markets were generally quiet through the European morning, with little net change in most pairs.

...
EM Europe and CIS: Select Country Risk Ratings
Paying Article

October 22, 2024 10:00 AM UTC

We provide country risk reviews for EM Europe/CIS countries including Russia/Ukraine and Turikye. 

Psychology for major markets October 22nd
Paying Article

October 22, 2024 9:53 AM UTC

USD and GBP still firm, JPY weak

Chart EUR/CAD Update: Choppy trade - sentiment is cautious
Paying Article

October 22, 2024 9:48 AM UTC

Consolidation around 1.5000 has given way to a pullback to congestion support at 1.4950

FX Daily Strategy: N America, October 22nd
Paying Article

October 22, 2024 8:58 AM UTC

Carry trading continues in quiet markets…
…but JPY weakness unlikely to persist without further yield spread moves
CHF looks vulnerable if risk positive tone persists
USD continues to benefit from rising expectation of Trump victory
GBP may still have potential for gains on UK budget

Chart EUR/CHF Update: Range trade
Paying Article

October 22, 2024 8:10 AM UTC

Cautious trade has given way to a drift lower to congestion support at 0.9350

Chart USD/CHF Update: Consolidating - daily studies leaning lower
Freemium Article

October 22, 2024 8:00 AM UTC

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

Chart EUR/GBP Update: Consolidating - studies under pressure
Paying Article

October 22, 2024 7:46 AM UTC

Little change, as prices extend consolidation following the test above resistance at 0.8333, (GBP/EUR 1.200)

Chart EUR/USD Update: Consolidating test of 1.0800/10 - background studies under pressure
Paying Article

October 22, 2024 7:32 AM UTC

The anticipated test of support at 1.0800/10 is giving way to expected consolidation

Chart GBP/USD Update: Consolidating test of 1.2973 - background under pressure
Freemium Article

October 22, 2024 7:25 AM UTC

The anticipated test of support at the 1.2973 weekly low of 17 October is giving way to a bounce back above 1.3000

Chart EUR/SEK Update: Consolidating, but room to extend September gains
Paying Article

October 22, 2024 7:23 AM UTC

Settling back from the 11.4500 high as prices consolidate bounce from the 11.3000 low

JPY flows: JPY weakness extends
Paying Article

October 22, 2024 6:41 AM UTC

More post August highs for USD/JPY as US yield rise continues. Short term JPY weakness hard to oppose while US equity sentiment holds firm, but longer term levels are overstretched

Chart GBP/JPY Update: Pressuring 196.00 high
Paying Article

October 22, 2024 6:40 AM UTC

Extending choppy trade above the 193.50 support to retest the 195.95/196.00 congestion area

Chart AUD/JPY Update: Higher in choppy trade, scope to retest 101.42 high
Paying Article

October 22, 2024 6:24 AM UTC

Extending bounce from the 99.00 support with choppy trade returning to retest the 100.80 resistance

Chart USD/MYR Update: Extending the September gains
Paying Article

October 22, 2024 6:07 AM UTC

 Pressure remains on the upside and break above the 4.3000 level see room to further extend strong run-up from the 4.1000, September low

Chart USD/CNH Update: Extending consolidation below the 7.1500 resistance
Paying Article

October 22, 2024 5:44 AM UTC

Remains in consolidation below the 7.1500 resistance 

Chart USD/INR Update: Pressuring 84.0775 high
Paying Article

October 22, 2024 5:28 AM UTC

No change, as prices remains in consolidation below the 84.0775 all-time high

Asia Summary and Highlights 22 October
Freemium Article

October 22, 2024 5:20 AM UTC

No verbal intervention from Japan

USD/JPY flows: No comment on fx level
Paying Article

October 22, 2024 4:53 AM UTC

Japan deputy chief cabinet secretary says no comment on FX level

FX Daily Strategy: Europe, October 22nd
Paying Article

October 22, 2024 4:07 AM UTC

Carry trading continues in quiet markets…
…but JPY weakness unlikely to persist without further yield spread moves
CHF looks vulnerable if risk positive tone persists
USD continues to benefit from rising expectation of Trump victory
GBP may still have potential for gains on UK budget

Chart USD/IDR Updates: Extending rebound from 15430 low
Paying Article

October 22, 2024 3:24 AM UTC

 Corrective pullback from the 15694 high has seen losses checked at the 15430 low

Chart USD/THB Update: Poised for retest of 33.65 high
Paying Article

October 22, 2024 3:14 AM UTC

Sharp bounce from the 33.08 low to break the 33.45/33.50 area return focus to the upside

AUD/USD flows: Risk steady
Paying Article

October 22, 2024 3:04 AM UTC

Broad risk mood steady

Chart USD/KRW Update: Extending September gains
Paying Article

October 22, 2024 3:02 AM UTC

Consolidation at the 1370.00 level has given way to sharp bounce to extend steep gains from the September low

Chart USD/SGD Update: Extending gains
Paying Article

October 22, 2024 2:33 AM UTC

Consolidation below the 1.3158 resistance has given way to break to extend gains from the September YTD low

Chart GBP/USD Update: Weighing on the 1.2975 low
Paying Article

October 22, 2024 2:16 AM UTC

 Shallow bounce from the 1.2975 low keeps pressure on the downside

Chart EUR/USD Update: Weighing on the 1.0810 low
Paying Article

October 22, 2024 2:00 AM UTC

Consolidating above the 1.0810 low as prices unwind the oversold intraday and daily studies

Chart EUR/JPY Update: Extend consolidation above 162.00
Paying Article

October 22, 2024 1:21 AM UTC

Little change, as the expected break of the 162.00 level failed to materialised

Chart USD/JPY Update: Consolidating retest of 150.90, February high
Paying Article

October 22, 2024 1:06 AM UTC

Consolidation at the 150.00 level has given way to renewed strength to retest resistance at the 150.90

USD/JPY flows: No Jawboning yet
Paying Article

October 22, 2024 12:46 AM UTC

USD/JPY stayed above the 150 figure

Chart NZD/USD Update: Under pressure, focus shift to .6000 figure
Paying Article

October 22, 2024 12:42 AM UTC

Consolidation above the .6050/40 congestion area has given way to fresh selling pressure 

Chart AUD/USD Update: Under pressure, .6650/45 support at risk
Paying Article

October 22, 2024 12:20 AM UTC

 Consolidation at the .6700 level has given way to renewed selling pressure

October 21, 2024

FX Daily Strategy: Asia, October 22nd
Paying Article

October 21, 2024 9:00 PM UTC

Carry trading continues in quiet markets…
…but JPY weakness unlikely to persist without further yield spread moves
CHF looks vulnerable if risk positive tone persists
USD continues to benefit from rising expectation of Trump victory
GBP may still have potential for gains on UK budget

North American Summary and Highlights 21 October
Freemium Article

October 21, 2024 7:39 PM UTC

Overview - The USD was generally stronger, if led by USD/JPY, as UST yields rose. 

FX Daily Strategy: APAC, October 22nd
Paying Article

October 21, 2024 4:05 PM UTC

Carry trading continues in quiet markets…
…but JPY weakness unlikely to persist without further yield spread moves
CHF looks vulnerable if risk positive tone persists
USD continues to benefit from rising expectation of Trump victory
GBP may still have potential for gains on UK budget

Chart USD/MXN Update: Critical resistance at 20.2250
Paying Article

October 21, 2024 3:57 PM UTC

The minor pullback from resistance at 20.0000 has bounced smartly from 19.6460

Preview: Due October 30 - U.S. October ADP Employment - Weaker on strike and weather, but perhaps less so than payrolls
Paying Article

October 21, 2024 3:47 PM UTC

We expect a 75k increase in October’s ADP estimate for private sector employment growth, which while matching our forecast for overall non-farm payrolls is stronger than our 40k forecast for the more directly comparable private sector non-farm payroll. We expect ADP data to prove less sensitive to

Chart USD/CAD Update: Extending September gains in both USD- and CAD-driven trade
Paying Article

October 21, 2024 3:31 PM UTC

Cautious trade is giving way to fresh gains in both USD- and CAD-driven trade

...
Preview: Due November 1 - U.S. October Employment (Non-Farm Payrolls) - Hurricanes and strike to deliver below trend month
Paying Article

October 21, 2024 2:35 PM UTC

We expect a below trend 75k non-farm payroll increase in October, with only 40k in the private sector. This would follow above trend gains of 254k and 223k respectively in September, depressed by a strike at Boeing and Hurricanes Helene and Milton. While payrolls will be below trend, we expect unemp

Chart AUD/USD Update: Cautious trade - background under pressure
Paying Article

October 21, 2024 1:56 PM UTC

Little change, as prices extend cautious trade around congestion support at 0.6700

Chart EUR/JPY Update: Further consolidation - daily readings under pressure
Paying Article

October 21, 2024 1:27 PM UTC

Little change, as prices extend consolidation above congestion support at 162.00

Chart USD/JPY Update: Limited scope above 150.00
Paying Article

October 21, 2024 1:17 PM UTC

The anticipated minor test lower to congestion support has given way to a fresh bounce

Chart USD Index DXY Update: Leaning lower
Paying Article

October 21, 2024 12:51 PM UTC

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

Chart USD/RUB Update: Prices coming under pressure
Paying Article

October 21, 2024 11:33 AM UTC

Little change, as choppy price action extends pressure on congestion support at 96.0000

Chart EUR/PLN Update: Higher in range - studies improving
Paying Article

October 21, 2024 11:05 AM UTC

Cautious trade is giving way to a fresh test higher in PLN-driven trade