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September 10, 2024

FX Daily Strategy: APAC, September 11th
Paying Article

September 10, 2024 9:00 PM UTC

US CPI the focus
More risk of market reaction on stronger data
GBP focus on GDP with firm tone intact
CHF strength reaching limits

Chart USD/CAD Update: Testing strong resistance at 1.3600/30
Freemium Article

September 10, 2024 3:44 PM UTC

Cautious trade has given way to anticipated gains, as intraday studies tick higher

FX Daily Strategy: APAC, September 11th
Paying Article

September 10, 2024 3:20 PM UTC

US CPI the focus
More risk of market reaction on stronger data
GBP focus on GDP with firm tone intact
CHF strength reaching limits

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Mexico CPI Review: 0% Inflation in August as Expected
Freemium Article

September 10, 2024 1:53 PM UTC

Mexico's CPI remained flat in August, causing year-over-year CPI to drop from 5.6% to 5.0%. This stability was driven by a 0.7% decline in non-core CPI, while core CPI rose 0.2%. The Food and Beverages CPI fell 0.6%, reflecting easing pressure on agricultural goods. With the economy cooling, inflati

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

September 10, 2024 1:43 PM UTC

Cautious trade is giving way to a drift lower

Chart USD Index DXY Update: Consolidating gains - studies improving
Paying Article

September 10, 2024 12:49 PM UTC

The break above 101.50 has given way to consolidation around 101.60

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Preview: Due September 11 - U.S. August CPI - Subdued, if marginally stronger than in the preceding three months
Paying Article

September 10, 2024 12:39 PM UTC

We expect August’s CPI to increase by 0.2% both overall and ex food and energy, with the respective gains before rounding being 0.18% and 0.21%. Such an ex food and energy rate would be slightly stronger before rounding  than in the preceding three months, though not strong enough to trouble the

U.S. August NFIB survey - Loses momentum after stronger July
Paying Article

September 10, 2024 12:25 PM UTC

After picking up in the four months to July, which saw the highest level since February 2022, August’s NFIB Small Business Optimism Index has taken a hit, slipping to 91.2 from July’s 93.7, moving marginally below June’s 91.5 too.

Chart USD/RUB Update: Strong resistance at 92.0000-92.4200
Paying Article

September 10, 2024 11:40 AM UTC

Little change, as prices extend consolidation following the break above 90.0000

Chart EUR/PLN Update: Potential for a minor test higher
Paying Article

September 10, 2024 11:18 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and extend choppy trade above 4.2750

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

September 10, 2024 10:43 AM UTC

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

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

September 10, 2024 10:13 AM UTC

Little change, as unwinding oversold intraday studies and the flat daily Tension Indicator keep near-term sentiment cautious 

Psychology for major markets September 10th
Paying Article

September 10, 2024 10:11 AM UTC

USD risks still mainly to the downside 

Europe Summary and Highlights 10 September
Paying Article

September 10, 2024 10:08 AM UTC

EUR/GBP and EUR/NOK both moved lower in what was otherwise a fairly quiet European morning session.

FX Daily Strategy: N America, September 10th
Paying Article

September 10, 2024 9:00 AM UTC

GBP slightly firmer after UK labour market data
NOK bounces after short lived dip on weaker CPI
JPY remains well bid but upside break unlikely short term

Chart EUR/CHF Update: Further consolidation - background remains under pressure
Paying Article

September 10, 2024 8:28 AM UTC

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

Chart USD/CHF Update: Potential for a test above 0.8500
Freemium Article

September 10, 2024 8:14 AM UTC

Little change, as prices extend cautious trade beneath congestion resistance at 0.8500

Chart EUR/GBP Update: Turning away from 0.8450
Paying Article

September 10, 2024 8:03 AM UTC

Little change, as prices extend cautious trade beneath resistance at 0.8450

Chart EUR/USD Update: Pressuring the 1.1040 Fibonacci retracement
Paying Article

September 10, 2024 7:41 AM UTC

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

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Norges Bank Preview (Sep 19): Less Hawkish Rhetoric?
Paying Article

September 10, 2024 7:37 AM UTC

As has been the case for the five previous policy meetings, the Norges Bank is almost certain to keep its policy rate at 4.5% when the Board offers its next verdict on Sep 19.  But amid a slightly disappointing mainland real economy backdrop and what have been softer than (Norges Bank) expectations

Chart GBP/USD Update: Limited tests higher - studies under pressure
Freemium Article

September 10, 2024 7:33 AM UTC

The anticipated break below 1.3100 has bounced from 1.3055/60

Chart GBP/JPY Update: Higher in consolidation from 186.40 low
Paying Article

September 10, 2024 7:14 AM UTC

Turned up from the 186.40 low to consolidate losses and unwind oversold intraday studies

NOK flows: NOK resilient after slightly softer CPI
Paying Article

September 10, 2024 6:27 AM UTC

NOK dips slightly on CPI but reocvers quickly and remains too weak relative to yield spreads

GBP flows: GBP slightly firmer after labour market data
Paying Article

September 10, 2024 6:19 AM UTC

UK labour market data was mixed, and mild GBP strength unlikely to extend far

FX Daily Strategy: Europe, September 10th
Paying Article

September 10, 2024 5:08 AM UTC

GBP has some downside risks on UK labour market data
NOK still looks cheap unless CPI surprises on the downside
JPY remains well bid but upside break unlikely short term

USD/JPY flows: Little changed
Paying Article

September 10, 2024 5:08 AM UTC

Japan PM contender Kato wants Japanese to have higher wages

AUD/USD flows: Minor Rebound
Paying Article

September 10, 2024 3:08 AM UTC

Australian September  Westpac Consumer Confidence Index 84.6
Australian August business confidence -4

Chart GBP/USD Update: Under pressure, room to 1.3045/35 support
Paying Article

September 10, 2024 2:03 AM UTC

Prices remains under pressure and break of he 1.3100 level extend the rejection from the 1.3239 high of Friday

Chart EUR/USD Update: Under pressure, 1.1026 low at risk
Paying Article

September 10, 2024 1:42 AM UTC

Prices remains under pressure following rejection from the 1.1155 bounce high of Friday with the 1.1026 low back in focus

Chart EUR/JPY Update: Scope to extend bounce from 157.30 support
Paying Article

September 10, 2024 1:28 AM UTC

Edged up from test of the 157.30 support to consolidate at the 158.00 level 

September 09, 2024

FX Daily Strategy: Asia, September 10th
Paying Article

September 9, 2024 9:00 PM UTC

GBP has some downside risks on UK labour market data
NOK still looks cheap unless CPI surprises on the downside
JPY remains well bid but upside break unlikely short term

Chart USD/CAD Update: Consolidating gains - strong resistance at 1.3600/30
Freemium Article

September 9, 2024 3:31 PM UTC

Little change, as flattening overbought intraday studies prompt consolidation beneath resistance at 1.3600

FX Daily Strategy: APAC, September 10th
Paying Article

September 9, 2024 3:05 PM UTC

GBP has some downside risks on UK labour market data
NOK still looks cheap unless CPI surprises on the downside
JPY remains well bid but upside break unlikely short term

Chart EUR/JPY Update: Under pressure
Paying Article

September 9, 2024 1:25 PM UTC

The bounce from above the 157.29 low of 6 August is giving way to a pullback from beneath resistance at 159.00

Chart USD Index DXY Update: Room for higher - studies improving
Paying Article

September 9, 2024 1:06 PM UTC

Cautious trade has given way to further gains

Chart USD/RUB Update: Limited tests higher
Paying Article

September 9, 2024 12:14 PM UTC

The anticipated break above 90.0000 has reached 90.9750

Chart EUR/PLN Update: Consolidating - daily readings edging higher
Paying Article

September 9, 2024 11:24 AM UTC

Still little change

Chart USD/ZAR Update: Smart bounce - daily studies improving
Paying Article

September 9, 2024 10:52 AM UTC

The anticipated test of critical support at the 17.5930 current year low of 30 August has bounced smartly

Europe Summary and Highlights 9 September
Paying Article

September 9, 2024 10:35 AM UTC

The USD was generally firmer through the European morning, mainly against the JPY, with USD/JPY rising more than half a figure to 143.50.

Chart EUR/CAD Update: Leaning lower
Paying Article

September 9, 2024 10:24 AM UTC

The anticipated retest of resistance at 1.5040 has been pushed back from 1.5055

Psychology for major markets September 9th
Paying Article

September 9, 2024 10:11 AM UTC

Stabilising risk appetite triggers USD recovery/softer JPY

Chart EUR/CHF Update: Consolidating - background remains under pressure
Paying Article

September 9, 2024 8:23 AM UTC

The anticipated break below 0.9350 is meeting support around 0.9335

Chart USD/CHF Update: Smart bounce
Freemium Article

September 9, 2024 8:10 AM UTC

The break below 0.8400 has bounced smartly from 0.8373 in choppy trade

Chart EUR/GBP Update: Potential for a test above 0.8450
Paying Article

September 9, 2024 7:55 AM UTC

Choppy trade has given way to the anticipated test of resistance at 0.8450

Chart EUR/USD Update: Room for lower in the coming sessions
Paying Article

September 9, 2024 7:46 AM UTC

The anticipated test of 1.1150 has met strong selling interest around 1.1155

Chart GBP/USD Update: Under pressure
Freemium Article

September 9, 2024 7:26 AM UTC

The anticipated test of congestion resistance at 1.3200 has extended to 1.3239

IMM Commitment of Traders Reports w/e Sep 3rd
Paying Article

September 9, 2024 6:56 AM UTC

GBP net spec long positions rise again, JPY net spec longs highest since 2021. CAD short pared back.

USD, JPY, AUD, EUR flows: JPY slightly offered as risk recovers
Paying Article

September 9, 2024 6:45 AM UTC

A better equity performance overnight has allowed some correction to recent JPY strength, but JPY still looks well supported