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December 03, 2024

Chart USD/BRL Update: Consolidating below 6.1150, all-time high
Paying Article

December 3, 2024 8:06 AM UTC

Edged lower from the 6.1150 all-time high as prices consolidate break of the 5.9900, May 2020 high

EUR, AUD flows: EUR upside limited but scope for AUD recovery
Paying Article

December 3, 2024 7:53 AM UTC

USD slips at the open. EUR upside limited given French concerns, but AUD looks undervalued

Chart GBP/JPY Update: Consolidating at 188.65 support, lower later
Paying Article

December 3, 2024 7:20 AM UTC

Break of the 190.00 level and 50% Fibonacci retracement has seen extension to reach support at the 188.65, 2023 year high

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RBI Decision Preview: Growth Slackens, Inflation Soars: RBI’s Policy Tightrope
Freemium Article

December 3, 2024 6:42 AM UTC

The Reserve Bank of India (RBI) is gearing up to announce its last monetary policy decision for 2024 on December 6. For the upcoming meeting, we anticipate that the RBI will likely keep the repo rate unchanged at 6.5%, given the recent uptick in inflation. The decision to hold rate will come despite

Chart USD Index DXY Update: Extending gains from 105.62 low
Paying Article

December 3, 2024 6:30 AM UTC

Extending bounce from the 105.62 low of Friday to reach strong resistance at 106.50, April high

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Indonesia CPI Review: Headline Inflation Eases in November, but Core Pressures Build
Paying Article

December 3, 2024 6:29 AM UTC

Easing food inflation saw headline CPI decline to 1.5% yr/yr in November. Nonetheless, price pressures from a weakening IDR persist. Bank Indonesia will likely hold rates till the end of 2024. 

Chart USD/IDR Updates: Room to extend gains
Paying Article

December 3, 2024 5:35 AM UTC

Rebound from the 15840 low see pressure returning to the upside for retest of the 15952 high

Chart USD/INR Update: Extending gains
Paying Article

December 3, 2024 5:16 AM UTC

Gapped higher at the open see prices extending sharp gains from the 84.2200 low of last week 

Asia Summary and Highlights 3 December
Freemium Article

December 3, 2024 5:08 AM UTC

USD/JPY retest 150

FX Daily Strategy: Europe, December 3rd
Paying Article

December 3, 2024 4:57 AM UTC

EUR to remain under pressure on French uncertainty
GBP and CHF both look likely to outperform EUR
JPY and USD the favoured safe havens

AUD/USD flows: Positive sentiment
Paying Article

December 3, 2024 4:30 AM UTC

The broad risk sentiment is positive on Tuesday's Asia session

Chart USD/KRW Update: Focus return to 1408.00/1411.00 highs
Paying Article

December 3, 2024 3:45 AM UTC

Break above 1400.00 level return focus to the upside and sets up scope for retest of resistance at 1408.00 then the 1411.00, November YTD high

Chart USD/CNH Update: Retest 7.3110, July YTD high
Paying Article

December 3, 2024 3:01 AM UTC

Further extend the bullish break of the 7.2730 high of last week to retest the 7.3110, 3 July YTD high

USD/JPY flows: Retesting 150 figure
Paying Article

December 3, 2024 2:10 AM UTC

USD/JPY closed below 150 on Monday and is retesting it on Tuesday's Asia session

Chart USD/SGD Update: Poised for retest of the 1.3500/12 highs
Paying Article

December 3, 2024 2:10 AM UTC

Sharp bounce from the 1.3362 support through the 1.3400 level has seen extension to retest the 1.3488 resistance

Chart EUR/JPY Update: Consolidating test of August trendline
Paying Article

December 3, 2024 12:57 AM UTC

Break of strong support at the 158.10/00 congestion has seen sharp push lower to reach the trendline from the August low at 156.38

Chart USD/JPY Update: Consolidating at 149.10/00 congestion, room for lower later
Paying Article

December 3, 2024 12:44 AM UTC

Further extend losses last week to reach the 149.10/00 congestion area

Chart AUD/USD Update: Consolidating retest of .6440/34 lows
Paying Article

December 3, 2024 12:22 AM UTC

No follow-through on retest the .6440/34 low as prices extend choppy trade within a 3-week range area

December 02, 2024

FX Daily Strategy: Asia, December 3rd
Paying Article

December 2, 2024 10:00 PM UTC

EUR to remain under pressure on French uncertainty
GBP and CHF both look likely to outperform EUR
JPY and USD the favoured safe havens

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France: The Beleaguered Consumer Hit Further by Fiscal Impasse
Paying Article

December 2, 2024 5:07 PM UTC

As France’s political deadlock intensifies amid a likely toppling of the fledgling government, markets are worried about the fiscal fall-out of what may at best be emergency legislation, a so-called Special Law that would keep the country running, but with funding approved month by month.  To som

Preview: Due December 5 - U.S. October Trade Balance - Deficit to slip but may rebound in coming months
Paying Article

December 2, 2024 4:31 PM UTC

We expect an October trade deficit of $74.7bn, down from $84.4bn in September and below the Q3 average of $78.0bn. though trend in the deficit is probably still widening and we may see strong imports data later in Q4 in an attempt to beat threatened tariffs.

FX Daily Strategy: APAC, December 3rd
Paying Article

December 2, 2024 4:09 PM UTC

EUR to remain under pressure on French uncertainty
GBP and CHF both look likely to outperform EUR
JPY and USD the favoured safe havens

U.S. November ISM Manufacturing - Bounce led by positive new orders
Paying Article

December 2, 2024 3:27 PM UTC

November’s ISM manufacturing index at 48.4 from 46.5 is the highest since June and follows an upgraded final S and P manufacturing index of 49.7, also the highest since June, from a preliminary 48.8 and 48.5 in October.

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Bank of Canada Preview for December 11: Another 50bps easing with tariffs threatened
Paying Article

December 2, 2024 2:16 PM UTC

The Bank of Canada meets on December 11, and we expect a second straight 50bps easing, to 3.25%. While October’s inflation data was a mild disappointment the underlying picture looks subdued. While there are some signs the economy is starting to respond to lower rates, with Q3 GDP having disappoin

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Eurozone: What Services Inflation?
Paying Article

December 2, 2024 1:28 PM UTC

While real economy considerations seem to have taken over as the policy focus for the ECB majority, there are still some mutterings about apparent resilient services inflation. The latter is certainly the case when such inflation is measured on the conventional but possibly untimely y/y basis.  How

Psychology for major markets December 2nd
Paying Article

December 2, 2024 11:15 AM UTC

EUR/USD testing the lows on French political uncertainty

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Top Trump Tariff Threats
Paying Article

December 2, 2024 10:08 AM UTC

Internal dynamics within BRICS argues against a BRICS currency due to divergent economies and structures, though BRICS could one day look to have a payment system.  Nevertheless, the threat of tariffs on BRICS if they form a new currency will also likely help the USD against EM currencies in H1 202

FX Weekly Strategy: December 2nd-6th
Paying Article

December 2, 2024 9:59 AM UTC

JPY biased higher medium term with Tokyo CPI supportive
Still some downside risks for EUR on Eurozone CPI data…
…with widening Germany/France spread also a concern
CAD may extend recovery on GDP

IMM Commitment of Traders Reports w/e Nov 26th
Paying Article

December 2, 2024 8:47 AM UTC

Net short CAD position still then main standout

Chart USD/CAD Update: Consolidating test of 1.3980 support, room for lower later
Freemium Article

December 2, 2024 8:26 AM UTC

Limited on break of the 1.4000 level as prices consolidate test of the 1.3980 support

EUR, JPY, GBP flows: JPY and GBP firm, EUR soft
Paying Article

December 2, 2024 8:10 AM UTC

JPY strength continues, GBP gaining ground against the EUR

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Taiwan Country Risk
Freemium Article

December 2, 2024 7:15 AM UTC

We provide country risk review for Taiwan.  

Chart USD Index DXY Update: Turned higher in consolidation
Paying Article

December 2, 2024 6:15 AM UTC

Extending bounce from the 105.62 low of Friday

Chart USD/INR Update: Sharp break to fresh high at 84.6775
Paying Article

December 2, 2024 5:41 AM UTC

Sharply higher with the gapped up opening above the 84.5075 high reaching fresh high at 84.6775

Asia Summary and Highlights 2 December
Freemium Article

December 2, 2024 5:13 AM UTC

Asia Session
Over the weekend, Trump tweeted that he had a productive meeting with Trudeau while feeling the other way with BRICS. The equity space is opening the week with individual performance with Chinese and Hong Kong equities in the green and Nikkei & U.S. three major equity indexes in the red.

FX Weekly Strategy: Europe, December 2nd-6th
Paying Article

December 2, 2024 4:36 AM UTC

JPY biased higher medium term with Tokyo CPI supportive
Still some downside risks for EUR on Eurozone CPI data…
…with widening Germany/France spread also a concern
CAD may extend recovery on GDP

Chart USD/CNH Update: Extending gains
Paying Article

December 2, 2024 4:35 AM UTC

Higher opening above the 7.2500 level has seen follow-through to break the 7.2730 high to extend gains from September low

USD/JPY flows: USD rebound
Paying Article

December 2, 2024 4:11 AM UTC

USD is starting the week higher

Chart USD/IDR Updates: Turned up in consolidation from 15840 low
Paying Article

December 2, 2024 2:54 AM UTC

Edged off from the 15840 low as prices consolidate pullback from the 15952 high

Chart USD/THB Update: Higher in consolidation from 34.20 low
Paying Article

December 2, 2024 2:40 AM UTC

Higher to extend bounce from the Friday's low at 34.20 as prices consolidate losses from the 35.17 high

Chart USD/KRW Update: Extending consolidation above 1388.00 support
Paying Article

December 2, 2024 2:24 AM UTC

Little change, as prices extend consolidation above the 1388.00 lows

Chart USD/SGD Update: Extend corrective bounce from 1.3362 support
Paying Article

December 2, 2024 2:19 AM UTC

Turned up in consolidation from the 1.3362 support and regaining the 1.3400 level opens up stronger bounce to retrace losses from the 1.3512 high

AUD/USD flows: Individual Performance for Equities
Paying Article

December 2, 2024 2:03 AM UTC

Australia retail sales for October 0.6%

Chart EUR/JPY Update: Weighing on the 158.10/00 support
Paying Article

December 2, 2024 12:47 AM UTC

Sharp losses last week has seen prices reaching strong support at the 158.10/00 congestion area

Chart USD/JPY Update: Consolidating at the 150.00 level, room for lower later
Paying Article

December 2, 2024 12:33 AM UTC

Break of the 150.00 level saw losses to reach 149.50 low

Chart AUD/USD Update: Consolidating at the .6500 level
Paying Article

December 2, 2024 12:11 AM UTC

Little change, as prices extend consolidation at the .6500 level

Asia Open - Overnight Highlights
Paying Article

December 2, 2024 12:00 AM UTC

EMERGING ASIA
EM currencies perform individually against the USD as USD returned from Thanksgiving and choppy amid the last trading day for the week. The biggest winners are THB by 0.4%, followed by SGD 0.27%, TWD 0.18%, IDR 0.16%, PHP 0.09%, HKD 0.02% and CNH 0.01%; the largest loser are KRW 0.19%,

December 01, 2024

FX Weekly Strategy: Asia, December 2nd-6th
Paying Article

December 1, 2024 10:00 PM UTC

JPY biased higher medium term with Tokyo CPI supportive
Still some downside risks for EUR on Eurozone CPI data…
…with widening Germany/France spread also a concern
CAD may extend recovery on GDP

FX Weekly Strategy: APAC, December 2nd-6th
Paying Article

December 1, 2024 6:00 PM UTC

JPY biased higher medium term with Tokyo CPI supportive
Still some downside risks for EUR on Eurozone CPI data…
…with widening Germany/France spread also a concern
CAD may extend recovery on GDP

November 29, 2024

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Banxico Minutes: Evaluating Further Cuts
Paying Article

November 29, 2024 7:31 PM UTC

Banxico’s latest minutes reveal a 25 bps rate cut to 10.25%, with most board members supporting continued easing. They view recent non-core inflation spikes as transitory, expecting headline CPI to decline as shocks dissipate. Core CPI has dropped to 3.8%, reinforcing the case for further cuts, wh