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February 21, 2024

EUR, JPY flows: Quiet market favours higher yielders for now
Paying Article

February 21, 2024 7:52 AM UTC

USD a touch softer, JPY weakness still the only real trend, but becoming increasingly dangerous

Chart EUR/AUD Update: Weighing on the 1.6455 support, scope for break
Paying Article

February 21, 2024 7:09 AM UTC

Weighing on the 1.6455 support and scope seen for break here to extend rejection from the 1.6600 congestion and channel resistance

Chart AUD/NZD Update: Under pressure, 1.0600/1.0585 support at risk
Paying Article

February 21, 2024 6:47 AM UTC

 Prices remain under pressure following rejection from the 1.0685/1.0700 resistance

Chart USD/INR Update: Extending losses - focus shift to 82.8260, 82.7760 lows
Paying Article

February 21, 2024 5:26 AM UTC

Extending break of the 83.0000 level 

Asia Summary and Highlights 21 Feb
Freemium Article

February 21, 2024 4:51 AM UTC

Australian Q4 2023 Wage Price Index +0.9% q/q
Regional sentiment seems to belatedly cheer the Tuesday rate cut

FX Daily Strategy: Europe, February 21st
Paying Article

February 21, 2024 4:36 AM UTC

Focus on FOMC minutes and speeches
Risks towards a more hawkish tilt
USD may recovery ground lost on Tuesday
GBP still vulnerable despite upbeat comments from BoE governor Bailey

Chart USD/CNH Update: Sharply lower to extend break of 7.2000 support
Paying Article

February 21, 2024 3:46 AM UTC

Clear break of the 7.2000 level extending losses from the 7.2340 high

Chart USD/IDR Updates: Extending corrective gains
Paying Article

February 21, 2024 3:22 AM UTC

Extending bounce from the 15550 support to reach the 15674/15680 resistance and congestion area

Chart USD/THB Update: Extend consolidation below 36.20 high
Paying Article

February 21, 2024 3:09 AM UTC

Remains in consolidation below the 36.20 high but further gains not ruled out

Chart USD/KRW Update: Extending consolidation below 1343.00
Paying Article

February 21, 2024 2:50 AM UTC

Little change, as prices extend consolidation within the 1343.00/1327.00, 13 Feb range

Chart USD/SGD Update: Room to extend losses
Paying Article

February 21, 2024 2:41 AM UTC

Break of the 1.3440 support extending losses from the 1.3528 high 

Chart EUR/JPY Update: Extending gains
Paying Article

February 21, 2024 1:28 AM UTC

Pressure remains on the upside and clear break above the 162.00 level see scope for further gains to the 163.00 congestion

Chart USD/JPY Update: Consolidating, room for lower later
Paying Article

February 21, 2024 1:04 AM UTC

Extending consolidation around the 150.00 level 

Chart NZD/USD Update: Consolidating test of .6180/.6200 resistance
Paying Article

February 21, 2024 12:41 AM UTC

Clear break above the .6150 congestion has seen prices reaching towards the .6180/.6200 resistance. 

Chart AUD/USD Update: Consolidating at .6550, gains still limited
Paying Article

February 21, 2024 12:18 AM UTC

Settled back to consolidate at the .6550 congestion after failing to sustain break higher to approach the .6600 level

Asia Open - Overnight Highlights
Paying Article

February 21, 2024 12:00 AM UTC

EMERGING ASIA
EM currencies perform individually against the USD as most Asia market just exited the holiday mood with no major economic release nor headlines crossing the wires. SGD saw the largest gains of 0.18%, followed by CNH 0.13%, CNY 0.08%, INR 0.06% and PHP 0.01%; the biggest loser is TWD by

February 20, 2024

FX Daily Strategy: Asia, February 21st
Paying Article

February 20, 2024 10:00 PM UTC

Focus on FOMC minutes and speeches
Risks towards a more hawkish tilt
USD may recovery ground lost on Tuesday
GBP still vulnerable despite upbeat comments from BoE governor Bailey

Chart USD/BRL Update: Consolidation giving way to a pullback
Paying Article

February 20, 2024 4:23 PM UTC

Consolidation is giving way to a pullback

Preview: Due February 28 - U.S. Preliminary (Second) Estimate Q4 GDP - Revision seen marginally lower but still strong
Paying Article

February 20, 2024 4:17 PM UTC

We expect the second (preliminary) estimate for Q4 GDP to be revised only marginally lower to 3.2% from the unexpectedly strong first (advance) estimate of 3.3%. 

FX Daily Strategy: APAC, February 21st
Paying Article

February 20, 2024 4:16 PM UTC

Focus on FOMC minutes and speeches
Risks towards a more hawkish tilt
USD may recovery ground lost on Tuesday
GBP still vulnerable despite upbeat comments from BoE governor Bailey

Chart USD/CAD Update: Cautious trade
Freemium Article

February 20, 2024 4:09 PM UTC

Little change

Chart AUD/USD Update: Focus on 0.6600
Paying Article

February 20, 2024 2:08 PM UTC

Cautious trade is giving way to the anticipated push higher

Chart EUR/JPY Update: Edging higher
Paying Article

February 20, 2024 2:02 PM UTC

Cautious trade is giving way to a fresh break above congestion resistance at 162.00

Canada January CPI - Stronger than US CPI in late 2023, but softer in January
Paying Article

February 20, 2024 1:57 PM UTC

January’s Canadian CPI is significantly softer than expected, falling to 2.9% yr/yr from 3.4%, reaching its lowest since June 2023. In the second half of 2023 Canadian inflation was more stubbornly strong than falling US data, but this data for January combined with a stronger US CPI reduces the c

Chart USD/JPY Update: Room for a corrective pullback
Paying Article

February 20, 2024 1:49 PM UTC

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

Chart USD Index DXY Update: Leaning lower
Paying Article

February 20, 2024 1:42 PM UTC

Little change, as prices extend pressure on congestion support at 104.00

Psychology for major markets Feb 20
Paying Article

February 20, 2024 11:04 AM UTC

Positive equity market tone keeping the USD and JPY on the back foot

FX Daily Strategy: N America, February 20th
Paying Article

February 20, 2024 9:58 AM UTC

Slower Canada CPI but modest progress on core rates
Japanese Import to Preview Domestic Demand
USD/JPY Should Be Capped by 151
Australia Wage To Follow Easing Labor Market

IMM Commitment of Traders Reports w/e Feb 13th
Paying Article

February 20, 2024 8:53 AM UTC

GBP net long positions stand out as extended. AUD and JPY significantly net short.

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

February 20, 2024 8:21 AM UTC

The anticipated test of resistance at 1.2650 has not been seen

Chart GBP/JPY Update: Extend consolidation below the 190.00 level
Paying Article

February 20, 2024 7:45 AM UTC

Little change, as prices consolidate test of the 190.00 level

Chart AUD/JPY Update: Focus on the 98.60, 2023/2022 year high
Paying Article

February 20, 2024 7:31 AM UTC

Pressure remains on the upside and break above the 97.88 resistance and the 98.00 level opens up the 98.60, 2023 and 2022 year high to retest. 

Chart EUR/AUD Update: Weighing on the 1.6475/55 support
Paying Article

February 20, 2024 7:06 AM UTC

Prices remain under pressure following rejection from the 1.6600/20 congestion and the bearish channel from the August high.

Chart AUD/NZD Update: Extending rejection from 1.0685/1.0700 resistance
Paying Article

February 20, 2024 6:46 AM UTC

 Extending rejection from the 1.0685/1.0700 resistance

Chart USD/MYR Update: Poised for retest of 4.7925, 2023 year high
Paying Article

February 20, 2024 6:15 AM UTC

Pressure remains on the upside and break above the 4.7870 high of last week see room for extension to retest the 2023 year high at 4.7925.

Chart USD/INR Update: Under pressure
Paying Article

February 20, 2024 6:03 AM UTC

Consolidation at the 83.0000 level has given way to selling pressure to extend rejection from the 83.1185 high

Asia Summary and Highlights 20 Feb
Paying Article

February 20, 2024 5:02 AM UTC

The People’s Bank of China cut its 5-year Loan Prime Rate by 25bp

FX Daily Strategy: Europe, February 20th
Paying Article

February 20, 2024 4:58 AM UTC

Slower Canada CPI but modest progress on core rates
Japanese Import to Preview Domestic Demand
USD/JPY Should Be Capped by 150
Australia Wage To Follow Easing Labor Market

USD/JPY flows: Another day, another 150
Paying Article

February 20, 2024 4:57 AM UTC

U.S. Treasury Yields performing individually while 10yr JGB yields slip

AUD/USD flows: The PBoC cut 5yr LPR by 25bp
Paying Article

February 20, 2024 4:47 AM UTC

The People’s Bank of China cut its 5-year Loan Prime Rate by 25bp
But its effect seems to be muted by the market

FX Daily Strategy: Asia, February 20th
Paying Article

February 20, 2024 4:00 AM UTC

Slower Canada CPI but modest progress on core rates
Japanese Import to Preview Domestic Demand
USD/JPY Should Be Capped by 150
Australia Wage To Follow Easing Labor Market

Chart USD/CNH Update: Leaning lower from 7.2340 high
Paying Article

February 20, 2024 3:51 AM UTC

Leaning lower from the 7.2340 high of last week

Chart USD/IDR Updates: Consolidating test of 15674 resistance
Paying Article

February 20, 2024 3:40 AM UTC

Consolidating test of the 15674 resistance 

Chart USD/THB Update: Retest 36.20 high, scope to extend gains
Paying Article

February 20, 2024 3:20 AM UTC

Held firm above the 35.88 support and rebound sets up scope for retest of the 36.20 high

Chart USD/KRW Update: Range-bound below the 1343.00 high
Paying Article

February 20, 2024 3:08 AM UTC

Bounce ahead of the 1327.00 support keep prices confined within the 1343.00/1327.00, 13 Feb range

Chart USD/SGD Update: Limited pullback from the 1.3528/30 resistance
Paying Article

February 20, 2024 2:49 AM UTC

Turned down in range from the 1.3528/30 resistance to reach the 1.3440 support 

Chart EUR/JPY Update: Consolidating below 162.00 level
Paying Article

February 20, 2024 1:45 AM UTC

Pressure remains on the upside but gains kept in check below the 162.00 level

Chart USD/JPY Update: Extending consolidation around 150.00 level
Paying Article

February 20, 2024 1:10 AM UTC

Turned up from test of the 149.57 support to consolidate around the 150.00 level