FX Daily Strategy: Asia, July 26th

July 25, 2024 9:00 PM UTC

FX market dominated by fluctuating risk sentiment
Much of the JPY gain reflects a big overshoot since early May, but JPY remains undervalued
Risk positive currencies may now be oversold, notably NOK
Tokyo CPI may determine risk tone on Friday

FX Daily Strategy: APAC, July 26th

July 25, 2024 2:56 PM UTC

FX market dominated by fluctuating risk sentiment
Much of the JPY gain reflects a big overshoot since early May, but JPY remains undervalued
Risk positive currencies may now be oversold, notably NOK
Tokyo CPI may determine risk tone on Friday

FX Daily Strategy: N America, July 25th

July 25, 2024 9:13 AM UTC

Focus on US Q2 GDP
Growth to stay sub-trend, but limited impact seen
European surveys may weigh on EUR

FX Daily Strategy: Europe, July 25th

July 25, 2024 4:56 AM UTC

Focus on US Q2 GDP
Growth to stay sub-trend, but limited impact seen
European surveys may weigh on EUR
SEK weakness starting to look stretched

FX Daily Strategy: Asia, July 25th

July 24, 2024 9:00 PM UTC

Focus on US Q2 GDP
Growth to stay sub-trend, but limited impact seen
European surveys may weigh on EUR
SEK weakness starting to look stretched

FX Daily Strategy: APAC, July 25th

July 24, 2024 3:03 PM UTC

Focus on US Q2 GDP
Growth to stay sub-trend, but limited impact seen
European surveys may weigh on EUR
SEK weakness starting to look stretched

Psychology for major markets July 24th

July 24, 2024 10:11 AM UTC

JPY firm, EUR under pressure after PMI

FX Daily Strategy: N America, July 24th

July 24, 2024 9:02 AM UTC

PMIs the main focus on Wednesday
USD strength can extend if relative US PMI strength continues
EUR and GBP may both be vulnerable against the JPY
CAD has upside scope with the market overpricing the risks of a BoC rate cut

FX Daily Strategy: Asia, July 24th

July 23, 2024 9:00 PM UTC

PMIs the main focus on Wednesday
USD strength can extend if relative US PMI strength continues
EUR and GBP may both be vulnerable against the JPY
CAD has upside scope with the market overpricing the risks of a BoC rate cut

FX Daily Strategy: APAC, July 24th

July 23, 2024 2:51 PM UTC

PMIs the main focus on Wednesday
USD strength can extend if relative US PMI strength continues
EUR and GBP may both be vulnerable against the JPY
CAD has upside scope with the market overpricing the risks of a BoC rate cut

Psychology for major markets July 23rd

July 23, 2024 10:01 AM UTC

JPY firm, risk negative tone in FX

FX Daily Strategy: N America, July 23rd

July 23, 2024 9:01 AM UTC

EUR/USD looks stuck near 1.09 for now, but some USD upside risk
JPY upside favoured, USD/JPY upside capped
GBP optimism rising, but positioning might be vulnerable

FX Daily Strategy: Asia, July 23rd

July 22, 2024 9:00 PM UTC

EUR/USD looks stuck near 1.09 for now, but some USD upside risk
JPY upside favoured, USD/JPY upside capped
GBP optimism rising, but positioning might be vulnerable

FX Daily Strategy: APAC, July 23rd

July 22, 2024 3:15 PM UTC

EUR/USD looks stuck near 1.09 for now, but some USD upside risk
JPY upside favoured, USD/JPY upside capped
GBP optimism rising, but positioning might be vulnerable

Psychology for major markets July 22nd

July 22, 2024 10:01 AM UTC

EUR steady, JPY firm.

FX Weekly Strategy: July 22nd-26th

July 22, 2024 9:05 AM UTC

CAD upside risks on BoC
Some USD downside risks on US GDP
JPY may have upside scope on the crosses
PMIs a focus for European currencies

IMM Commitment of Traders Reports w/e July 16th

July 22, 2024 7:04 AM UTC

Net long GBP positioning extends further to new record. CHF and CAD shorts also make new highs. 

FX Weekly Strategy: Europe, July 22nd-26th

July 22, 2024 4:27 AM UTC

CAD upside risks on BoC
Some USD downside risks on US GDP
JPY may have upside scope on the crosses
PMIs a focus for European currencies

FX Weekly Strategy: Asia, July 22nd-26th

July 21, 2024 9:00 PM UTC

CAD upside risks on BoC
Some USD downside risks on US GDP
JPY may have upside scope on the crosses
PMIs a focus for European currencies

FX Weekly Strategy: APAC, July 22nd-26th

July 21, 2024 5:00 PM UTC

CAD upside risks on BoC
Some USD downside risks on US GDP
JPY may have upside scope on the crosses
PMIs a focus for European currencies

FX Weekly Strategy: July 22nd-26th

July 19, 2024 2:50 PM UTC

CAD upside risks on BoC
Some USD downside risks on US GDP
JPY may have upside scope on the crosses
PMIs a focus for European currencies

Psychology for major markets July 19th

July 19, 2024 10:18 AM UTC

USD drifting higher with equities still on the defensive.  

FX Daily Strategy: N America, July 19th

July 19, 2024 9:00 AM UTC

JPY risks remain on the upside given cheapness and Trump preference for a weaker USD
GBP may slip on retail sales

FX Daily Strategy: Europe, July 19th

July 19, 2024 4:59 AM UTC

JPY focus on Japan CPI
JPY risks remain on the upside given cheapness and Trump preference for a weaker USD
GBP may slip on retail sales

FX Daily Strategy: Asia, July 19th

July 18, 2024 9:00 PM UTC

JPY focus on Japan CPI
JPY risks remain on the upside given cheapness and Trump preference for a weaker USD
GBP may slip on retail sales

FX Daily Strategy: APAC, July 19th

July 18, 2024 3:11 PM UTC

JPY focus on Japan CPI
JPY risks remain on the upside given cheapness and Trump preference for a weaker USD
GBP may slip on retail sales

Psychology for major markets July 18th

July 18, 2024 10:07 AM UTC

USD remains slightly offered ahead of the ECB meeting

FX Daily Strategy: N America, July 18th

July 18, 2024 9:09 AM UTC

ECB Policy to Pause Amid Mixed Data
GBP steady after UK labour market data
AUD traded higher after strong employment report

FX Daily Strategy: Asia, July 18th

July 17, 2024 3:00 PM UTC

ECB Policy to Pause Amid Mixed Data
Japanese Import Suggest Improving Consumption
And should support the JPY
Choppy but still Strong Australian Labor Market

Psychology for major markets July 17th

July 17, 2024 10:15 AM UTC

USD slightly on the back foot

FX Daily Strategy: N America, July 17th

July 17, 2024 10:02 AM UTC

GBP short term risks on UK CPI on the upside…
…but scope for sustained gains now looks quite limited.
Positioning and valuation measures suggest a lot of good news is priced in
USD data versus Trump USD overvaulation

FX Daily Strategy: Europe, July 17th

July 17, 2024 3:51 AM UTC

GBP short term risks on UK CPI on the upside…
…but scope for sustained gains now looks quite limited.
Positioning and valuation measures suggest a lot of good news is priced in
USD to maintain better tone on US data

FX Daily Strategy: Asia, July 17th

July 16, 2024 9:00 PM UTC

GBP short term risks on UK CPI on the upside…
…but scope for sustained gains now looks quite limited.
Positioning and valuation measures suggest a lot of good news is priced in
USD to maintain better tone on US data

FX Daily Strategy: APAC, July 17th

July 16, 2024 2:57 PM UTC

GBP short term risks on UK CPI on the upside…
…but scope for sustained gains now looks quite limited.
Positioning and valuation measures suggest a lot of good news is priced in
USD to maintain better tone on US data

Psychology for major markets July 16th

July 16, 2024 10:09 AM UTC

USD slightly on the back foot

FX Daily Strategy: N America, July 16th

July 16, 2024 9:03 AM UTC

Retail sales to keep the USD on the back foot
JPY still has most potential for gains, but technical support can hold
CAD has mild upside risks on CPI
GBP strength starting to look a bit excessive

FX Daily Strategy: Asia, July 16th

July 15, 2024 9:00 PM UTC

Retail sales to keep the USD on the back foot
JPY still has most potential for gains, but technical support can hold
CAD has mild upside risks on CPI
GBP strength starting to look a bit excessive

Prabowo's Economic Vision: Ambitious Targets and Fiscal Debates for 2025

July 15, 2024 4:22 PM UTC

Indonesia's parliament has set ambitious economic targets for 2025, tasking Bank Indonesia with strengthening the rupiah to USD/IDR 15,300-15,900.  The parliament also set a GDP growth target of 5.3-5.6% and a fiscal deficit target of 2.29-2.82% of GDP. Despite revising the 2024 fiscal deficit to 2

FX Daily Strategy: APAC, July 16th

July 15, 2024 3:19 PM UTC

Retail sales to keep the USD on the back foot
JPY still has most potential for gains, but technical support can hold
CAD has mild upside risks on CPI
GBP strength starting to look a bit excessive

Psychology for major markets July 15th

July 15, 2024 10:24 AM UTC

USD still on the back foot