FX Daily Strategy: Asia, February 18th

February 17, 2025 10:00 PM UTC

AUD well supported into the RBA meeting
GBP may be vulnerable to more weak employment data
SEK risks on the downside on CPI after rise in Swedish unemployment
CAD could slip lower with dip in core inflation rates

FX Daily Strategy: APAC, February 18th

February 17, 2025 4:03 PM UTC

AUD well supported into the RBA meeting
GBP may be vulnerable to more weak employment data
SEK risks on the downside on CPI after rise in Swedish unemployment
CAD could slip lower with dip in core inflation rates

Psychology for major markets February 17th

February 17, 2025 11:17 AM UTC

USD generally soft as risk sentiment remains positive while strong Japanese data pulls USD/JPY lower

FX Weekly Strategy: February 17th - 21st

February 17, 2025 9:53 AM UTC

USD weakness may fade if market reconsiders recent events
Tariff threats remain despite delays
Ukraine hopes are still speculative
JPY and AUD look the best placed currencies

IMM Commitment of Traders Reports w/e February 11th

February 17, 2025 8:01 AM UTC

Net short CAD, NZD and CHF positions remain high, net JPY positioning starting to move significantly long

FX Weekly Strategy: Europe, February 17th - 21st

February 17, 2025 4:54 AM UTC

USD weakness may fade if market reconsiders recent events
Tariff threats remain despite delays
Ukraine hopes are still speculative
JPY and AUD look the best placed currencies

FX Weekly Strategy: Asia, February 17th - 21st

February 16, 2025 10:00 PM UTC

USD weakness may fade if market reconsiders recent events
Tariff threats remain despite delays
Ukraine hopes are still speculative
JPY and AUD look the best placed currencies

FX Weekly Strategy: APAC, February 17th - 21st

February 16, 2025 6:00 PM UTC

USD weakness may fade if market reconsiders recent events
Tariff threats remain despite delays
Ukraine hopes are still speculative
JPY and AUD look the best placed currencies

FX Weekly Strategy: February 17th - 21st

February 14, 2025 4:09 PM UTC

USD weakness may fade if market reconsiders recent events
Tariff threats remain despite delays
Ukraine hopes are still speculative
JPY and AUD look the best placed currencies

Psychology for major markets February 14th

February 14, 2025 11:14 AM UTC

USD softer as tariff concerns are brushed off

FX Daily Strategy: N America, February 14th

February 14, 2025 10:03 AM UTC

Some USD downside risks on retail sales
US yields fall back after post-CPI rise
Peace dividend from Ukraine could prove elusive
EUR strength relies on continued strong European equity market performance

FX Daily Strategy: Europe, February 14th

February 14, 2025 4:02 AM UTC

Some USD downside risks on retail sales
US yields fall back after post-CPI rise
Peace dividend from Ukraine could prove elusive
EUR strength relies on continued strong European equity market performance

FX Daily Strategy: Asia, February 14th

February 13, 2025 10:00 PM UTC

Some USD downside risks on retail sales
US yields fall back after post-CPI rise
Peace dividend from Ukraine could prove elusive
EUR strength relies on continued strong European equity market performance

FX Daily Strategy: APAC, February 14th

February 13, 2025 4:02 PM UTC

Some USD downside risks on retail sales
US yields fall back after post-CPI rise
Peace dividend from Ukraine could prove elusive
EUR strength relies on continued strong European equity market performance

Psychology for major markets February 13th

February 13, 2025 11:23 AM UTC

Riskier currencies supported by Ukraine optimism

FX Daily Strategy: N America, February 13th

February 13, 2025 9:54 AM UTC

USD PPI risks on the upside
EUR gains on Ukraine news 
JPY weakness looks stretched
GBP gains on GDP unlikely to extend

FX Daily Strategy: Asia, February 13th

February 12, 2025 10:00 PM UTC

US PPI risks on the upside
USD could extend Wednesdays gains, particularly against riskier currencies
JPY weakness and equity strength look unreliable
GBP vulnerable to weak GDP data

FX Daily Strategy: APAC, February 13th

February 12, 2025 4:14 PM UTC

US PPI risks on the upside
USD could extend Wednesdays gains, particularly against riskier currencies
JPY weakness and equity strength look unreliable
GBP vulnerable to weak GDP data

Psychology for major markets February 12th

February 12, 2025 11:04 AM UTC

Riskier currencies bounce modestly after neutral Powell comments

FX Daily Strategy: N America, February 12th

February 12, 2025 9:49 AM UTC

US CPI the focus but our forecasts are in line with consensus
Risks slightly biased to higher CPI, higher US yields and a higher USD
Higher inflation data mainly USD positive against the riskier currencies
JPY still looks biased higher in most scenarios

FX Daily Strategy: Asia, February 12th

February 11, 2025 10:00 PM UTC

US CPI the focus but our forecasts are in line with consensus
Risks slightly biased to higher CPI, higher US yields and a higher USD
Higher inflation data mainly USD positive against the riskier currencies
JPY still looks biased higher in most scenarios

FX Daily Strategy: APAC, February 12th

February 11, 2025 3:53 PM UTC

US CPI the focus but our forecasts are in line with consensus
Risks slightly biased to higher CPI, higher US yields and a higher USD
Higher inflation data mainly USD positive against the riskier currencies
JPY still looks biased higher in most scenarios

Psychology for major markets February 11th

February 11, 2025 11:09 AM UTC

USD and JPY still firm, Powell awaited

FX Daily Strategy: N America, February 11th

February 11, 2025 9:32 AM UTC

Quietish Tuesday calendar – focus on Powell
USD risks slightly on the downside but little action seen ahead of CPI
Weak GDP limits NOK gains short term
CAD still vulnerable after tariff announcement

FX Daily Strategy: Asia, February 11th

February 10, 2025 10:00 PM UTC

Quietish Tuesday calendar – focus on Powell
USD risks slightly on the downside but little action seen ahead of CPI
NOK can build on Monday’s gains
CAD still vulnerable after tariff announcement

FX Daily Strategy: APAC, February 11th

February 10, 2025 4:12 PM UTC

Quietish Tuesday calendar – focus on Powell
USD risks slightly on the downside but little action seen ahead of CPI
NOK can build on Monday’s gains
CAD still vulnerable after tariff announcement

Psychology for major markets February 10th

February 10, 2025 11:09 AM UTC

USD and JPY still firm on tariff concerns

FX Weekly Strategy: February 10th-14th

February 10, 2025 9:31 AM UTC

Focus on Powell testimony and US CPI
Risks look to be towards higher US yields and a higher USD
JPY shoud continue to hold its own...
...but CAD still looks under threat
EUR and particularly GBP risks are on the downside

IMM Commitment of Traders Reports w/e February 4th

February 10, 2025 8:26 AM UTC

Net short CAD, NZD and CHF positions remain high.

FX Weekly Strategy: Europe, February 10th-14th

February 10, 2025 5:06 AM UTC

Focus on Powell testimony and US CPI
Risks look to be towards higher US yields and a higher USD
JPY shoud continue to hold its own...
...but CAD still looks under threat
EUR and particularly GBP risks are on the downside

FX Weekly Strategy: Asia, February 10th-14th

February 9, 2025 10:00 PM UTC

Focus on Powell testimony and US CPI
Risks look to be towards higher US yields and a higher USD
JPY shoud continue to hold its own...
...but CAD still looks under threat
EUR and particularly GBP risks are on the downside

FX Weekly Strategy: APAC, February 10th-14th

February 9, 2025 6:00 PM UTC

Focus on Powell testimony and US CPI
Risks look to be towards higher US yields and a higher USD
JPY shoud continue to hold its own...
...but CAD still looks under threat
EUR and particularly GBP risks are on the downside

FX Weekly Strategy: February 10th-14th

February 7, 2025 3:46 PM UTC

Focus on Powell testimony and US CPI
Risks look to be towards higher US yields and a higher USD
JPY shoud continue to hold its own...
...but CAD still looks under threat
EUR and particularly GBP risks are on the downside

Psychology for major markets February 7th

February 7, 2025 11:00 AM UTC

USD steady ahea dof employment report, JPY still showing a firm trend

FX Daily Strategy: N America, February 7th

February 7, 2025 9:38 AM UTC

Mild USD downside risks on US employment report
JPY continues to look the most attractive currency
CAD needs a strong Canadian employment report to prevent a renewed decline
AUD still looks attractive
EUR/GBP looks set to stabilise near term

FX Daily Strategy: Europe, February 7th

February 7, 2025 4:32 AM UTC

Mild USD downside risks on US employment report
JPY continues to look the most attractive currency
CAD needs a strong Canadian employment report to prevent a renewed decline
AUD still looks attractive
EUR/GBP looks set to stabilise near term

FX Daily Strategy: Asia, February 7th

February 6, 2025 10:00 PM UTC

Mild USD downside risks on US employment report
JPY continues to look the most attractive currency
CAD needs a strong Canadian employment report to prevent a renewed decline
AUD still looks attractive
EUR/GBP looks set to stabilise near term

FX Daily Strategy: APAC, February 7th

February 6, 2025 4:00 PM UTC

Mild USD downside risks on US employment report
JPY continues to look the most attractive currency
CAD needs a strong Canadian employment report to prevent a renewed decline
AUD still looks attractive
EUR/GBP looks set to stabilise near term

Psychology for major markets February 6th

February 6, 2025 11:04 AM UTC

EUR and GBP soft, JPY still firm

FX Daily Strategy: N America, February 6th

February 6, 2025 9:54 AM UTC

GBP risks on the downside as BoE may signal deeper cuts than are priced in
EUR/SEK risks two way on Swedish CPI, but NOK/SEK still cheap
JPY the main beneficiary of declining US yields…
…but AUD the most attractive of the riskier currencies

FX Daily Strategy: Asia, February 6th

February 5, 2025 10:00 PM UTC

GBP risks on the downside as BoE may signal deeper cuts than are priced in
EUR/SEK risks two way on Swedish CPI, but NOK/SEK still cheap
JPY the main beneficiary of declining US yields…
…but AUD the most attractive of the riskier currencies

FX Daily Strategy: APAC, February 6th

February 5, 2025 4:00 PM UTC

GBP risks on the downside as BoE may signal deeper cuts than are priced in
EUR/SEK risks two way on Swedish CPI, but NOK/SEK still cheap
JPY the main beneficiary of declining US yields…
…but AUD the most attractive of the riskier currencies