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July 19, 2024

This week's five highlights
Freemium Article

July 19, 2024 10:00 AM UTC

Markets Guessing Trump Policy Priorities
U.S. Initial Claims rebound from a dip
ECB Policy Window Stays Very Open
UK Inflation Stays at Target and Services Stay Resilient
China Retail Sales Drags Q2 GDP

July 12, 2024

This week's five highlights
Freemium Article

July 12, 2024 10:00 AM UTC

U.S. June CPI Very soft
USD/JPY Swings
More Upside Surprises on UK GDP
RBNZ Signals easing soon
Weak CPI and M2 Trends in China

July 05, 2024

This week's five highlights
Paying Article

July 5, 2024 10:00 AM UTC

Trump now Front-Runner for President
UK Election Shows Labour’s Solid Victory
June FOMC Minutes Saw Cooling Economy but Little Discussion of Easing
U.S. Non-Farm Payrolls may suggest some loss of momentum
EZ HICP Disinflation Resumes Amid Services Resilience

June 28, 2024

This week's five highlights
Paying Article

June 28, 2024 10:00 AM UTC

Sweden Riksbank Slightly Less Gradual
U.S. Initial Claims and GDP improve, Durables and Trade deteriorate
U.S. Consumer Confidence and New Home Sales 
Canada May CPI strong after five straight subdued ones
USD/JPY Reaches New High

June 21, 2024

This week's five highlights
Paying Article

June 21, 2024 10:00 AM UTC

BoE MPC Splits Enlarge to Suggest Cut Soon
SNB 25bps Cut and Next Cut in September
RBA Recognized slower inflation moderation
Norges Bank Excessive Last Mile Caution?
U.S. Initial Claims, Housing Starts, Philly Fed and Current Account all disappoint

June 14, 2024

This week's five highlights
Paying Article

June 14, 2024 10:00 AM UTC

FOMC delivers hawkish 2024 dots
U.S. Initial Claims up sharply, May PPI corrects April strength
U.S. May CPI Loses Momentum
BoJ Surprise Again
Flat April UK GDP 

June 07, 2024

This week's five highlights
Paying Article

June 7, 2024 10:00 AM UTC

Bank of Canada Eases by 25bps on Improved Inflation Picture
ECB Clearly No Policy Pre-Commitment But Policy Entering New Phase
 U.S. May Employment trend may be starting to slow
Previewed by Slower U.S. May ADP Employment 
Other U.S. Economic Release

May 31, 2024

This week's five highlights
Paying Article

May 31, 2024 10:00 AM UTC

Chinese Military Drills Should Not Increase Taiwan Risk
U.S. Q1 GDP revised lower
U.S. May Consumer Confidence Rebound 
USD/JPY Restrained by Intervention Concern
Tokyo CPI Foreshadow Rebound of Inflation to 2%

May 24, 2024

This week's five highlights
Paying Article

May 24, 2024 10:00 AM UTC

This week's Fed Speaker and May FOMC Minute Review
RBNZ Keeping Restrictive Rates Longer
UK Called for July Election
UK Inflation Falls Further Amid More Signs of Price Persistence
Canada April CPI Shows Continued Progress in the BoC core rates

May 17, 2024

This week's five highlights
Paying Article

May 17, 2024 10:00 AM UTC

This Week's Fed Speaker
U.S. April PPI Demonstrates Worrying strength
But U.S. CPI and Retail Sales are Seeing Some Loss of Momentum
UK Labor Market Shows Further Signs of Resilient Wage Pressure
Lopsided Growth and New Housing Measures For China

May 10, 2024

This week's five highlights
Paying Article

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

May 03, 2024

This week's five highlights
Paying Article

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

April 26, 2024

This week's five highlights
Paying Article

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

April 19, 2024

This week's five highlights
Paying Article

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

April 12, 2024

This week's five highlights
Paying Article

April 12, 2024 10:00 AM UTC

U.S. CPI Stronger than Estimated
Tone of March FOMC Minutes is Not Hawkish but Recent Speakers' Rhetoric Suggest Otherwise
And see USD/JPY Rose To Another High
RBNZ Kept Rates on Hold
UK GDP Shows Less Fragile Recovery

April 05, 2024

This week's five highlights
Paying Article

April 5, 2024 10:00 AM UTC

Fed in the Driving Seat Again
USD/JPY Hanging on 151
U.S. ADP Above recent trend
U.S. Non-Farm Payrolls Should be Slightly Slower 
EZ Core Disinflation Flattening Out

March 28, 2024

This week's five highlights
Paying Article

March 28, 2024 10:00 AM UTC

U.S. Fed's Waller Signals Caution towards Easing
U.S. Final Q4 GDP To be Revised Marginally Lower 
BoJ Summary of Opinion Little Surprise
USD/JPY Continues to March North
Canada January GDP to Bounce

March 26, 2024

North American Summary and Highlights 26 Mar
Freemium Article

March 26, 2024 7:24 PM UTC

Overview - In a quiet day the USD edged a little lower in Europe but ended slightly firmer in North America.  

March 25, 2024

North American Summary and Highlights 25 Mar
Freemium Article

March 25, 2024 7:17 PM UTC

Overview - In a quiet day the USD ended mostly weaker, though USD/JPY was an exception to this.  

FX Weekly Strategy: March 25th-29th
Paying Article

March 25, 2024 9:52 AM UTC

Market to focus on the aftermath of last week’s central bank meetings
USD/JPY may break to new high but break unlikely to be sustained
EUR/USD unlikely to start far from recent ranges
GBP may extend losses as market considers possibility of earlier rate cut
NOK/SEK may gain if Riksbank turns more dovi

March 22, 2024

North American Summary and Highlights 22 Mar
Freemium Article

March 22, 2024 7:35 PM UTC

Overview - Apart from a brief slide in USD/JPY, the USD was generally firmer on a quiet Friday. 

This week's five highlights
Paying Article

March 22, 2024 10:00 AM UTC

FOMC Dots and economic forecasts marginally more hawkish
BoJ Bring Interest Rate To Zero
SNB Surprise with 25bps Rate Cut
BoE's Easing Bias Continues
RBA Holds as Expected 

March 19, 2024

North American Summary and Highlights 19 Mar
Freemium Article

March 19, 2024 7:28 PM UTC

Overview - USD/JPY extended its post-BoJ loses but USD gains elsewhere were largely erased.  

March 18, 2024

North American Summary and Highlights 18 Mar
Freemium Article

March 18, 2024 7:34 PM UTC

Overview - In a quiet day the USD ended a little firmer versus the EUR, but was little changed elsewhere.  

March 15, 2024

This week's five highlights
Paying Article

March 15, 2024 10:00 AM UTC

U.S. February CPI Stronger than Preceding 
BoJ Keep Market on their Toes
USD/JPY Front Running
UK GDP Shows Emerging Recovery but Remains Fragility 
Lunar New Year Boosts Chinese CPI But Disinflation Still In Place

March 08, 2024

This week's five highlights
Paying Article

March 8, 2024 10:00 AM UTC

Fed Speakers Capture market Spotlight
Overshadowing U.S. Data
Bank of Canada Keeps Markets Waiting
ECB Bowing to Markets?
BoJ Signals Policy Changes Soon

March 01, 2024

This week's five highlights
Paying Article

March 1, 2024 10:00 AM UTC

U.S. January Core PCE prices match Core CPI
USD/JPY The Moment of Truth
RBNZ Sees No Hikes in Sight
German Inflation Drop But Services Still Resilient 
China Authorities Views and Policy Changes

February 23, 2024

This week's five highlights
Paying Article

February 23, 2024 10:00 AM UTC

FOMC Minutes Cautious Rather Than Hawkish
Confirmed by slate of Fed Speakers
USD/JPY Stand Above 150
ECB and its Assessment Price Persistence
China Yuan Outflow Fears Versus Net Exports

February 16, 2024

This week's five highlights
Paying Article

February 16, 2024 10:00 AM UTC

U.S. CPI Shows Strength in Services
While Retail Sales Dipped 
USD/JPY Broke 150
Japan Q4 GDP Stays in Contraction
UK GDP Review Confirmed Recession

February 09, 2024

This week's five highlights
Paying Article

February 9, 2024 10:00 AM UTC

Geopolitical Tension Continues after U.S. Military Action
Slate of Fed Speakers' View on Rates
USD/JPY Inching Closer to 150 on "Dovish" Uchida
RBA Kept Rates on Hold and Leave Doors Open
Bank of Canada Minutes Detail Inflationary Concerns

February 02, 2024

This week's five highlights
Paying Article

February 2, 2024 10:00 AM UTC

FOMC Suggest March Easing Seen Unlikely but Q2 Remains Plausible
 U.S. January Non-Farm Payrolls To Show Strong Labor Market 
DXY Remains Choppy on Headlines and Geopolitical Risk
More EZ Core Disinflation Signs But Services Inflation More Stubborn
Canada November GDP looking stronger than BoC project

January 26, 2024

This week's five highlights
Paying Article

January 26, 2024 10:00 AM UTC

War in Gaza and MENA Country Risk 
Trump's Reelection and U.S. T-Yields
U.S. Q4 GDP delivers another strong quarter
Bank of Canada Drops Tightening Bias
BoJ's Ueda Hinting April Move

January 19, 2024

This week's five highlights
Paying Article

January 19, 2024 10:20 AM UTC

Geopolitical Tension Remains Headline
DPP Won Taiwan Election
U.S. December Retail Sales Show Continued Resilience
China Q4 GDP Above 5%
UK Headline and Core CPI Fail to Fall

January 16, 2024

Asia Summary and Highlights 16 Jan
Freemium Article

January 16, 2024 6:16 AM UTC

Asia Session
On Tuesday Asia session, it was reported that Iran had fired missiles into Iraq with consequent fatalities and was close to the US Consulate in Erbil. Moreover, a branch of Iranian Armed Forces are also exhibiting hostile behavior to merchant ship in the Red Sea. This is no doubt a furth

January 15, 2024

North America Summary and Highlights 15 Jan
Freemium Article

January 15, 2024 5:04 PM UTC

North American sessionA generally quiet North American session due to the US holiday saw relatively little FX movement. However, the Bank of Canada’s Q4 business and consumer surveys made for some interesting reading. The business survey showed clear signs of weakness. A net 39% of firms said thei

Psychology for major markets 15 Jan
Freemium Article

January 15, 2024 11:11 AM UTC

EUR/USD – EUR/USD holding in the 1.09-1.10 range for now. Divergence between ECB and Fed monetary policy expectations looks necessary to break the range, unless we see a significant change in risk sentiment.USD/JPY – USD/JPY running out of steam a bit near 146 and has overshot yield spread moves

FX Weekly Strategy: January 15th-19th
Freemium Article

January 15, 2024 10:04 AM UTC

Reactions to US inflation data suggest limited upside for US yieldsPeriod of consolidation likely in EUR/USDScope for GBP to weaken given less dovish market pricing of the BoEJPY still the stand-out value play

Asia Summary and Highlights 15 Jan
Freemium Article

January 15, 2024 6:11 AM UTC

Asia Session
Houthis fired an anti-ship cruise missile at a US Navy ship that was hot down by a U.S. fighter jet near the coast of Yemen and has not done any harm. This no doubt further escalates the geopolitical tension in the area as it is hard to see either the Houthis and U.S. to back down from t

January 12, 2024

North America Summary and Highlights 12 Jan
Freemium Article

January 12, 2024 4:23 PM UTC

North American sessionThe USD fell back sharply through the North American session, responding to weaker than expected PPI data. USD/JPY was the biggest mover, falling a big figure to trade below 144.50, but the AUD and CHF also made strong gains. EUR/USD and GBP/USD gains were more modest, as Europ

Psychology for major markets 12 Jan
Freemium Article

January 12, 2024 11:16 AM UTC

EUR/USD – EUR/USD holding in the 1.09-1.10 range for now despite stronger US CPI. Divergence between ECB and Fed monetary policy expectations looks necessary to break the range.USD/JPY – USD/JPY running out of steam a bit near 146 and has overshot yield spread moves, but weaker risk sentiment ne

This week's five highlights
Paying Article

January 12, 2024 10:00 AM UTC

Geopolitical conflict once again seize the headline again as the U.S. and UK launched airstrikes against Houthi targets in Yemen while Australia, the Netherlands, Bahrain, and Canada supported. Dozens of targets including training and drone storage facilities were stroke with the U.S. and UK launchi

Asia Summary and Highlights 12 Jan
Freemium Article

January 12, 2024 5:47 AM UTC

Asia Session
Geopolitical conflict once again seize the headline again as the U.S. and UK launched airstrikes against Houthi targets in Yemen while Australia, the Netherlands, Bahrain, and Canada supported. Soon after the airstrike report, the United States Embassy in Iraq was also reported to be bom

January 11, 2024

North America Summary and Highlights 11 Jan
Freemium Article

January 11, 2024 4:32 PM UTC

North American sessionThe USD gained ground through the North American session, benefiting from a stronger than expected December CPI print along with another fall in continuing jobless claims and still low initial jobless claims. December CPI saw 0.3% rises in both the headline and core measures. M

Psychology for major markets 11 Jan
Freemium Article

January 11, 2024 11:08 AM UTC

EUR/USD – EUR/USD holding in the 1.09-1.10 range for now. Focus on the US CPI data on Thursday with USD risks slightly weighted to the downside. An upside surprise on CPI looks less likely, but the market might be more sensitive to it.USD/JPY – USD/JPY running out of steam a bit near 146 and has

January 10, 2024

North America Summary and Highlights 10 Jan
Freemium Article

January 10, 2024 4:23 PM UTC

North American sessionThe USD gained strongly against the JPY through the Noth American session, but fell back against the EUR. US short term yields actually fell modestly, so the gains against the JPY look to have been driven by the aftermath of the weak Japanese data overnight and by cross flows.

January 09, 2024

North America Summary and Highlights 9 Jan
Freemium Article

January 9, 2024 4:21 PM UTC

North American sessionThe USD advanced through the North American session, gaining around 0.3% across the board. EUR/USD dropped to test the 1.09 support area, while USD/JPY moved back up to 144.40 after resisting the firmer USD tone through the European morning. The USD benefited from the stronger

Asia Summary and Highlights 9 Jan
Freemium Article

January 9, 2024 2:02 PM UTC

European Session
The USD edged slightly higher through the European morning, with only USD/JPY little changed. EUR/USD fell around 20 pips to 1.0930, and most other currencies saw a similar dip against the USD. USD/JPY was little changed around 144.German industrial production data early in the sessi

January 08, 2024

FX Weekly Strategy: January 8th-12th
Freemium Article

January 8, 2024 9:56 AM UTC

USD to correct lower into US CPI, particularly against the JPYEUR likely to struggle to regain 1.10CHF strength likely to waneGBP can correct lower on UK GDP

AUD, CHF, JPY flows: AUD dips, CHF firm
Freemium Article

January 8, 2024 7:50 AM UTC

The weakness in Chinese equities due to the bankruptcy of the Chinese wealth manager Zhongzhi announced over the weekend is likely to keep the riskier currencies on the back foot in early trade, particularly the AUD.  Zhongzhi was exposed to the Chinese property sector, and while its demise is not

January 05, 2024

This week's five highlights
Paying Article

January 5, 2024 10:00 AM UTC

FOMC minutes from December 13 show that while almost all participants expect lower rates to be seen by the end of 2024, they want forecasts to be treated cautiously at this point. Caution over easing and increased confidence that progress is being made on inflation are however both clear in the minu