Continuum Economics

May 10, 2024

Chart USD/CAD Update: Under pressure

May 10, 2024 3:50 PM UTC

Cautious trade around 1.3700 has given way to the anticipated break

U.S. May Michigan CSI - Lowest since November, inflation expectations highest since November

May 10, 2024 2:12 PM UTC

May’s preliminary Michigan CSI of 67.4 from 77.2 is the weakest since November 2023 and hints at a loss of momentum in the economy, but with higher inflation expectations, the 1-year view up significantly to 3.5% from 3.2% and the 5-10 year view up marginally to 3.1% from 3.0%.

This week's five highlights

May 10, 2024 10:00 AM UTC

Ukraine War Update
This Week's Fed Speakers
U.S. Initial Claims rise but signs of labor market slowing still tentative
RBA Change wordings of guidance but no change in heart
UK GDP Shows Clearer Growth Momentum But Mainly Import Led

Chart GBP/USD Update: Bounce back in consolidation

May 10, 2024 7:31 AM UTC

Anticipated tests lower have bounced smartly from congestion support at 1.2450

May 09, 2024

Mexico CPI Review: 0.2% Growth in April

May 9, 2024 6:11 PM UTC

April's CPI data, despite a 0.2% m/m growth, reveals a significant y/y uptick to 4.6% from March's 4.4%, challenging norms due to electricity tariff adjustments. Core CPI maintained stability with a 0.2% increase, while Core Goods CPI rose by 0.3% and Services CPI by 0.1%, accumulating a 5.2% y/y gr

Chart GBP/USD Update: Prices remain under pressure

May 9, 2024 7:25 AM UTC

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

May 08, 2024

Chart USD/CAD Update: Further gains to remain limited

May 8, 2024 3:52 PM UTC

The anticipated test above 1.3700 is meeting selling interest around 1.3760

Chart GBP/USD Update: Leaning lower

May 8, 2024 7:27 AM UTC

Consolidation is giving way to the anticipated break below 1.2500

May 07, 2024

Chart USD/CAD Update: Limited tests higher

May 7, 2024 3:47 PM UTC

Little change, as prices extend consolidation following the smart bounce from above support at 1.3590/00

Chart GBP/USD Update: Consolidating - prices coming under pressure

May 7, 2024 7:28 AM UTC

Anticipated gains have given way to consolidation

May 03, 2024

Chart USD/CAD Update: Prices remain under pressure

May 3, 2024 3:43 PM UTC

The anticipated break below 1.3700 has met buying interest just above support at 1.3590/00

This week's five highlights

May 3, 2024 10:29 AM UTC

BoJ Intervened Twice
And see sentiment turned lower in USD/JPY
FOMC Notes Lack of Further Inflation Progress
U.S. Non-Farm Payrolls Still strong if a little less so
Canada Q1 GDP looking less positive than previously projected

Chart GBP/USD Update: Consolidating - room for a test higher

May 3, 2024 7:32 AM UTC

Little change, as prices extend cautious trade beneath resistance at the 1.2569 high of 29 April

May 02, 2024

Chart USD/CAD Update: Under pressure

May 2, 2024 3:32 PM UTC

Little change, as prices extend pressure on congestion support at 1.3700

Chart GBP/USD Update: Balanced above 1.2500

May 2, 2024 7:30 AM UTC

Cautious trade beneath 1.2500 has given way to a bounce back above here

May 01, 2024

Chart USD/CAD Update: Cautious trade in broad range

May 1, 2024 3:48 PM UTC

Sharp gains have met selling interest beneath congestion resistance at 1.3800

Chart GBP/USD Update: Leaning lower, but downside to remain limited

May 1, 2024 7:25 AM UTC

Cautious trade has given way to a break below 1.2500

April 30, 2024

Chart USD/CAD Update: Smart reversal in USD- and CAD-driven trade

April 30, 2024 3:56 PM UTC

Cautious trade has given way to a USD- and CAD-driven reversal higher

Chart GBP/USD Update: Consolidating gains - daily studies edging higher

April 30, 2024 7:28 AM UTC

Anticipated gains have reached 1.2569

April 29, 2024

Chart USD/CAD Update: Consolidating - studies under pressure

April 29, 2024 3:40 PM UTC

Little change, as a tick higher in intraday studies keeps near-term sentiment cautious

Chart GBP/USD Update: Balanced at 1.2500/18 - 1.2530 - daily studies remain positive

April 29, 2024 7:19 AM UTC

Still little change

April 26, 2024

Chart USD/CAD Update: Choppy trade under pressure

April 26, 2024 3:17 PM UTC

Cautious trade has given way to a fresh drift down to 1.3635

This week's five highlights

April 26, 2024 10:00 AM UTC

BoJ Keep Rates on hold with upward revision in CPI
USD/JPY Rally Continues on Shaky Ground
U.S. GDP Slows on Imports and Inventories
Bank of Canada Minutes Look to Gradual Easing
UK Services Inflation Resilient

BoJ Review: No change with upward revision in CPI Forecasts

April 26, 2024 7:38 AM UTC

BoJ has kept interest rate at 0-0.1%.
2024 CPI has been revised higher and GDP lower

April 25, 2024

Chart USD/CAD Update: Cautious trade - daily studies under pressure

April 25, 2024 3:49 PM UTC

Little change, as prices settle into choppy trade just below congestion resistance at 1.3700

Chart GBP/USD Update: Sentiment improving

April 25, 2024 7:25 AM UTC

Cautious trade is giving way to the anticipated move higher

BoJ's Intervention and its impact

April 25, 2024 6:24 AM UTC

In the period of time when JPY significantly weakens or strengthens, BoJ will intervene in the FX market either through verbal or actual intervention. As JPY weakened significantly in the past months, once again we found ourselves in the proximity of FX intervention with unknowns for anonymity is ke

April 24, 2024

Chart USD/CAD Update: Limited tests higher

April 24, 2024 3:18 PM UTC

Cautious trade is giving way to a bounce

Chart GBP/USD Update: Consolidating sharp gains - daily studies turning higher

April 24, 2024 7:31 AM UTC

Sharp gains have reached 1.2465, where unwinding overbought intraday studies are prompting short-term reaction

April 23, 2024

Chart USD/CAD Update: Lower in both USD- and CAD-driven trade

April 23, 2024 4:06 PM UTC

Cautious trade around 1.3700 has given way to a USD- and CAD-driven break lowe

Chart GBP/USD Update: Fresh 2024 year lows - strong support at the 1.2240 Fibonacci retracement

April 23, 2024 7:26 AM UTC

Anticipated losses have reached congestion support at 1.2300

April 22, 2024

Chart USD/CAD Update: Leaning lower

April 22, 2024 2:01 PM UTC

Cautious trade has drifted lower

Chart GBP/USD Update: At fresh 2024 year lows - extending March losses

April 22, 2024 7:25 AM UTC

Cautious trade has given way to the anticipated break lower

BoJ Preview: Showing no hurry

April 22, 2024 6:13 AM UTC

Our central forecast is for the BoJ to remain on hold for interest rate and signals the market they are in no rush to further tighten while allowing trend inflation data to lead policy direction in their forward guidance. BoJ has moved interest rate to 0% and officially removed YCC in March, citing

April 19, 2024

Chart USD/CAD Update: Prices remain under pressure

April 19, 2024 4:11 PM UTC

Little change, as falling intraday studies keep near-term sentiment bearish

This week's five highlights

April 19, 2024 10:00 AM UTC

Iran and Israel Seems to be Taking it Easy
U.S. Initial Claims stay low and stable
UK CPI Fall Further
China Q1 GDP Upside Surprise
Canada March CPI a little firmer

Chart GBP/USD Update: Back in range following a move to fresh 2023 low

April 19, 2024 7:22 AM UTC

Consolidation has given way to a test below congestion support at 1.2400

April 18, 2024

Chart USD/CAD Update: Leaning lower

April 18, 2024 3:52 PM UTC

Anticipated losses have broken below 1.3800 to reach 1.3760, where oversold intraday studies are prompting short-term reactions

Chart GBP/USD Update: Consolidating above fresh 2024 low - limited tests higher

April 18, 2024 7:23 AM UTC

Still little change, as prices extend consolidation above congestion support at 1.2400

April 17, 2024

Chart USD/CAD Update: Balanced at year highs - potential for a minor pullback

April 17, 2024 3:12 PM UTC

Little change, as late-December gains give way to consolidation

Chart GBP/USD Update: Consolidating above fresh 2024 low - upside to remain limited

April 17, 2024 7:25 AM UTC

Little change, as prices extend consolidation above congestion support at 1.2400