North American Summary and Highlights 15 November

November 15, 2024 8:48 PM UTC

Overview - USD/JPY was weaker following comments by Japanese Finance Minister Katsunobu Kato in Asia, but USD losses elsewhere were corrected after a mostly solid set of US data. 

This week's five highlights

November 15, 2024 10:00 AM UTC

 A more balanced U.S. October CPI
And the slate of Fed speakers
One way traffic for USD/JPY
UK GDP Momentum Dissipated
Mixed Chinese Data Backs More Stimulus 

North American Summary and Highlights 14 November

November 14, 2024 8:47 PM UTC

Overview - The USD was firmer in Europe but struggled to sustain gains on the US data. However, the USD saw renewed gains after Fed’s Powell suggested he was not in a hurry to ease rates. 

Asia Summary and Highlights 14 November

November 14, 2024 4:33 AM UTC

USD/JPY continues its rally
Australian October Employment softer but remain healthy

North American Summary and Highlights 13 November

November 13, 2024 8:39 PM UTC

Overview - The USD ended stronger, despite seeing a modest dip after US CPI came in on consensus. 

Asia Summary and Highlights 13 November

November 13, 2024 4:13 AM UTC

Australia Q3 2024 Wage Price Index +0.8% q/q 

North American Summary and Highlights 11 November

November 11, 2024 8:28 PM UTC

Overview - The USD advanced in Europe but was little changed in North America on Veterans’ Day. 

Asia Summary and Highlights 11 November

November 11, 2024 5:08 AM UTC

Choppy start for the week

North American Summary and Highlights 8 November

November 8, 2024 8:15 PM UTC

Overview -
Europe saw USD/JPY weaker but the USD advanced in North America, if less so versus the JPY.

This week's five highlights

November 8, 2024 11:00 AM UTC

Trump 2024
FOMC eases by 25bps and statement avoids dovish hints
Gradualism Still the Order of the Day for BoE
RBA Still Waiting to ease
Norges Bank Tweaks in Policy Guidance
Sweden Riksbank Faster, But Not (Yet) Any Further Easing? 

North American Summary and Highlights 7 November

November 7, 2024 8:52 PM UTC

Overview - 25bps easings from the BoE and FOMC generated only modest market reactions. 

Asia Summary and Highlights 7 November

November 7, 2024 5:23 AM UTC

Japan labor cash earning stays strong
More verbal intervention from Japan finance minister

North American Summary and Highlights 6 November

November 6, 2024 8:02 PM UTC

Overview - After gaining sharply on the election results in Asia the USD stabilized in Europe and North America. 

Asia Summary and Highlights 6 November

November 6, 2024 5:02 AM UTC

Trump in favor from early polls
USD triumphs major FX

North American Summary and Highlights 5 November

November 5, 2024 8:27 PM UTC

Overview -
The USD was softer despite strong ISM services data, the move seen due to position squaring ahead of the election results.

Asia Summary and Highlights 5 November

November 5, 2024 4:12 AM UTC

RBA kept rates unchanged at 4.35%

North American Summary and Highlights 4 November

November 4, 2024 8:29 PM UTC

Overview - In a quiet day the USD was a little softer in Europe but recovered in North America. CHF had a strong day. 

Asia Summary and Highlights 4 November

November 4, 2024 5:20 AM UTC

USD opened lower on latest election poll

North American Summary and Highlights 18 October

October 18, 2024 8:02 PM UTC

Overview - GBP bounced on stronger than expected UK retail sales but could not sustain its gains versus the EUR as EUR and JPY both rose versus the USD after softer US housing data. 

This week's five highlights

October 18, 2024 10:00 AM UTC

ECB Inflation Outlook Lowered
UK CPI Below Target and BoE Hawks Placated
Canada  CPI Subdued and pause in BoC core rates downtrend likely to be temporary
U.S. Retail Sales and Industrial Production
China September Data Rotates Higher

North American Summary and Highlights 14 October

October 14, 2024 7:57 PM UTC

Overview - In a quiet day the USD was mostly firmer, the gains coming largely before less dovish remarks from Fed’s Waller. 

FX Weekly Strategy: October 14th - 18th

October 14, 2024 9:03 AM UTC

ECB meeting to deliver expected rate cut
EUR/USD risks still on the downside
UK data to support weaker GBP tone
JPY to remain soft in the absence of news

North American Summary and Highlights 10 October

October 10, 2024 7:30 PM UTC

Overview - The USD was little changed after rise in initial claims slightly outweighed an above consensus US CPI, with comments from Fed’s Bostic later giving the USD some support. 

Asia Summary and Highlights 10 October

October 10, 2024 4:21 AM UTC

PBOC to establish securities, funds to aid capital market stability
Japan September PPI 0.0% m/m (expected -0.3%) and +2.8% y/y (expected +2.3%)
The Australian consumer inflation expectation slipped to 4% from 4.4%

North American Summary and Highlights 9 October

October 9, 2024 7:51 PM UTC

Overview - On another quiet day the USD saw support from Fed’s Logan but FOMC minutes had little impact. 

Asia Summary and Highlights 9 October

October 9, 2024 5:24 AM UTC

RBNZ Cut by 50bps as expected
Chinese equities tank

North American Summary and Highlights 8 October

October 8, 2024 7:38 PM UTC

Overview - In a quiet day a weaker CHF was the main move. JPY also lost a little ground after some early gains. 

Asia Summary and Highlights 8 October

October 8, 2024 4:58 AM UTC

Japan labor cash earnings +3.0% y/y in August 
Japan Overall Household spending +2.0% m/m
Japan economy minister Akazawa says drop in real wages is not good news
Chinese equities jumped almost 9% higher in the opening before retracing partial gains

North American Summary and Highlights 7 October

October 7, 2024 7:55 PM UTC

Overview - In a day with limited news, mild risk aversion was the main theme of trading. 

Asia Summary and Highlights 7 October

October 7, 2024 5:30 AM UTC

Japan's yen intervention official says will monitor FX including speculative movement
Japan finance minister Kato says there are pros and cons to the weak yen
Australian Melbourne Institute CPI for September 2024: 0.1% m/m (prior -0.1%)