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January 13, 2025

Chart GBP/USD Update: Prices remain under pressure, but studies oversold
Freemium Article

January 13, 2025 8:32 AM UTC

The anticipated minor test above 1.2300 has been pushed back from beneath the 1.2352 weekly low of 2 January

Asia Summary and Highlights 13 January
Freemium Article

January 13, 2025 4:26 AM UTC

USD up, risk sours

January 10, 2025

North American Summary and Highlights 10 January
Freemium Article

January 10, 2025 8:52 PM UTC

Overview - The USD bounced on a stronger than expected non-farm payroll, though with equities struggling on a rise in Michigan CSI inflation expectations, gains in USD/JPY failed to hold. 

Chart USD/CAD Update: Edging higher in range
Freemium Article

January 10, 2025 5:03 PM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation above support at 1.4400

This week's five highlights
Freemium Article

January 10, 2025 10:00 AM UTC

2025 First round of Fed Speaker's Remark
December  FOMC Minutes Moving towards a more careful approach
U.S. December Employment Closer to solid underlying trend
Our thoughts on Trump Policies 
Japan Wage Continue to Grow at 3%

Chart GBP/USD Update: Cautious trade to give way to fresh losses
Freemium Article

January 10, 2025 8:28 AM UTC

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

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U.S. Treasuries versus Bunds and Gilts
Freemium Article

January 10, 2025 8:10 AM UTC

·        UK Gilts have been dragged higher by rising Treasuries and market concerns that BOE rate cuts will be limited (here), while 10yr Bund yields have also been dragged higher by Treasuries concerns on Fed rate cuts/budget deficit and tariffs.  Multi quarter we see this as overdone. We

Asia Summary and Highlights 10 January
Freemium Article

January 10, 2025 5:22 AM UTC

Japan Eco Min Akazawa says 'critical stage' in eradicating the public's deflationary mindset
Japan November Household Spending +0.4% m/m

January 09, 2025

North American Summary and Highlights 9 January
Freemium Article

January 9, 2025 8:56 PM UTC

Overview - In a subdued FX market focus was on the GBP, which came under pressure early before a partial recovery. 

Chart USD/CAD Update: Immediate gains capped in range
Freemium Article

January 9, 2025 4:43 PM UTC

Little change, as prices extend pressure on resistance at the 1.4400 break level

Chart GBP/USD Update: Fresh lows
Freemium Article

January 9, 2025 8:35 AM UTC

Minor consolidation has given way to anticipated further losses

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The Growth-Inflation Tug of War: RBI’s 2025 Policy Outlook with a New Governor
Freemium Article

January 9, 2025 8:14 AM UTC

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is currently navigating a complex economic landscape marked by rising inflation and sluggish growth. The recent appointment of Sanjay Malhotra as the new RBI Governor adds another layer of intrigue to the central bank's policy directi

Asia Summary and Highlights 9 January
Freemium Article

January 9, 2025 5:17 AM UTC

Japan November Labor Cash Earning 3% y/y

January 08, 2025

North American Summary and Highlights 8 January
Freemium Article

January 8, 2025 8:30 PM UTC

Overview - The USD was generally strong supported by Trump comments but the GBP was particularly weak. 

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FOMC Minutes from December 18 - Moving towards a more careful approach
Freemium Article

January 8, 2025 7:58 PM UTC

Minutes from the December 17-18 meeting show the FOMC moving to a more cautious stance, which appears largely a response to recent disappointment on inflation data but uncertainty over policy following the election also seems to be playing a part.

Chart USD/CAD Update: Gains to remain limited
Freemium Article

January 8, 2025 4:55 PM UTC

Cautious trade has given way to a bounce

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2025 will be Key for CBRT
Freemium Article

January 8, 2025 3:06 PM UTC

Bottom Line: After Central Bank of Turkiye (CBRT) lowered its key policy rate by 250 bps to 47.5% on December 26, which was the first rate cut in around two years, we believe the rate cuts will continue in 2025 following inflation fighting drive in 2024 while our end year key rate prediction remains

Chart GBP/USD Update: Extending losses
Freemium Article

January 8, 2025 12:52 PM UTC

Cautious trade has given way to a sharp break lower

Chart GBP/USD Update: Under pressure
Freemium Article

January 8, 2025 8:29 AM UTC

Anticipated gains have reached the 1.2585 Fibonacci retracement

Asia Summary and Highlights 8 January
Freemium Article

January 8, 2025 5:24 AM UTC

Australian November Monthly CPI 2.3% y/y 

January 07, 2025

North American Summary and Highlights 7 January
Freemium Article

January 7, 2025 8:33 PM UTC

Overview - The USD bounced on a rise on US job openings. 

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Preview: Due January 16 - U.S. December Retail Sales - Solid end to Q4
Freemium Article

January 7, 2025 7:10 PM UTC

We expect US retail sales to finish Q4 on a solid note with a 0.7% rise overall, matching November’s gain, with a 0.6% rise ex autos and a 0.5% increase ex autos and gasoline, the two core rates picking up after both saw modest 0.2% increases in both October and November. 

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

January 7, 2025 5:21 PM UTC

Little change, as prices extend cautious trade beneath resistance at the 1.4335 low of 20 December

Chart GBP/USD Update: Resistance at 1.2585/00
Freemium Article

January 7, 2025 8:36 AM UTC

Anticipated gains have extended to 1.2560

Asia Summary and Highlights 7 January
Freemium Article

January 7, 2025 5:09 AM UTC

Japan Fin Min Kato verbal intervenes to support the yen 

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BoJ: New Year, Old Trick?
Freemium Article

January 7, 2025 12:00 AM UTC

USD/JPY is once again close to historical high. But are we seeing an imminent intervention?

January 06, 2025

Chart USD/CAD Update: Choppy at highs - daily studies under pressure
Freemium Article

January 6, 2025 5:12 PM UTC

Cautious trade has given way to a sharp break lower

...
Mexico CPI Preview: Christmas Acceleration
Freemium Article

January 6, 2025 2:19 PM UTC

Mexico's December CPI is forecasted to grow by 0.5% in December, bringing 2024 inflation to 4.3%, above Banxico's target. Core CPI aligns better at 3.5%. Weak demand aids inflation convergence, expected by Q3 2026. Risks include a 22% MXN depreciation and U.S. tariffs. Banxico is likely to continue

Chart GBP/USD Update: Sharp bounce
Freemium Article

January 6, 2025 8:32 AM UTC

The bounce from the 1.2352 weekly low of 2 January is extending

Asia Summary and Highlights 6 January
Freemium Article

January 6, 2025 5:06 AM UTC

Japan December final services PMI 50.9

January 03, 2025

Chart USD/CAD Update: Pressuring recent highs
Freemium Article

January 3, 2025 5:36 PM UTC

Cautious trade is giving way to anticipated gains

This week's five highlights
Freemium Article

January 3, 2025 10:00 AM UTC

No fireworks for the New Year
USD Begun the Year Strong
And JPY Holding Onto Lows

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Waiting for China Fiscal Stimulus
Freemium Article

January 3, 2025 9:31 AM UTC

It is not clear why China’s authorities are slow in announcing fiscal policy measures, but it could be either acceptance of 5% GDP trajectory or just below or alternatively a desire to see the timing and scale of extra U.S. trade tariffs on China from the incoming Trump adminstration.  We see a t

Chart GBP/USD Update: Studies continue to point lower
Freemium Article

January 3, 2025 8:34 AM UTC

Sharp losses have reached 1.2350~, where unwinding oversold intraday studies are prompting a bounce towards 1.2400

Asia Summary and Highlights 3 January
Freemium Article

January 3, 2025 4:44 AM UTC

PBOC says interest rate cuts are likely in 2025 "at an appropriate time"

January 02, 2025

Chart USD/CAD Update: Edging higher in range
Freemium Article

January 2, 2025 5:00 PM UTC

Cautious trade is giving way to a break above 1.4400

Chart GBP/USD Update: Extending losses
Freemium Article

January 2, 2025 3:35 PM UTC

Cautious trade has given way to anticipated losses

Chart GBP/USD Update: Leaning lower
Freemium Article

January 2, 2025 8:29 AM UTC

Anticipated minor tests higher have not been seen

Asia Summary and Highlights 2 January
Freemium Article

January 2, 2025 5:03 AM UTC

A vibrant start for USD/JPY on thin liquidity

December 31, 2024

Chart USD/CAD Update: Extending consolidation at year highs
Freemium Article

December 31, 2024 4:26 PM UTC

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

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EZ HICP Preview (Jan 7): Headline Higher Again, But Core Still Clearly Friendly?
Freemium Article

December 31, 2024 10:48 AM UTC

There were mixed messages in the November HICP numbers.  After a downward revision, and thus below consensus thinking, the headline rose 0.2 ppt to 2.2%, but where the core stayed at 2.7%, partly due to what is seemingly stable services inflation.  Higher energy costs, mainly base effects, were th

Chart GBP/USD Update: Choppy trade giving way to consolidation
Freemium Article

December 31, 2024 8:26 AM UTC

The anticipated test of congestion resistance at 1.2600 has met sharp selling interest

Asia Summary and Highlights 31 December
Freemium Article

December 31, 2024 4:32 AM UTC

USD/JPY continues its correction

December 30, 2024

Chart USD/CAD Update: Choppy at year highs
Freemium Article

December 30, 2024 5:19 PM UTC

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

Chart GBP/USD Update: Gains to remain limited
Freemium Article

December 30, 2024 8:22 AM UTC

The bounce from above congestion support at 1.2500 has given way to consolidation beneath congestion resistance at 1.2600

Asia Summary and Highlights 30 December
Freemium Article

December 30, 2024 5:15 AM UTC

Japan December manufacturing PMI 49.6
Quiet New Year Week

December 27, 2024

Chart USD/CAD Update: Consolidating at year highs
Freemium Article

December 27, 2024 3:19 PM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around resistance at 1.4400

Chart GBP/USD Update: Consolidating
Freemium Article

December 27, 2024 8:27 AM UTC

Little change, as mixed intraday studies keep holiday trade cautious

Asia Summary and Highlights 27 December
Freemium Article

December 27, 2024 5:19 AM UTC

Tokyo headline CPI 3%

December 24, 2024

Asia Summary and Highlights 24 December
Freemium Article

December 24, 2024 5:21 AM UTC

Asia Session
While we are getting closer to Christmas, there is no rest for Japan Finance Minister Kato as he is doing the usual verbal intervening routine. There is also no surprise from the October BoJ summary. Still, the JPY is getting minor support and see USD/JPY down 0.09% to 157.01 as U.S. Tre