NOK flows: Usual Monday oil bounce, EUR/NOK sitting on support
May 11, 2026 6:40 AM UTC
EUR/NOK still pressing support area after 'usual' weekend negative comments and oil bounce. More downside scope on spreads.
May 07, 2026
NOK flows: NOK rallies on Norges Bank rate hike
May 7, 2026 8:21 AM UTC
Norges Bank hikes the policy rateto 4.25%. NOK rallies as market had been split on probability of a hike. Scope for further NOK gains medium term
January 19, 2026
USD flows: USD lower on Greenland
January 19, 2026 8:07 AM UTC
Greenland furore underminign equities and weakening the USD. EUR and CHF best performers so far but JPY preferred
November 28, 2025
EUR, CHF, SEK flows: Few surprises in European data but SEK may have upside against CHF
November 28, 2025 9:29 AM UTC
European data much as expected, but relatively strong Swedish growth suggests some SEK upside risks, while weak Swiss growth may maintain downward pressure on CHF
November 24, 2025
USD, EUR, AUD, JPY, CHF flows: Mild risk positive tone on Fed, Ukraine
November 24, 2025 7:59 AM UTC
JPY and CHF weaker, EUR firmer. More risk positive tone on Ukraine peace and Fed easing hopes. AUD upside potential
JPY can close Monday's opening gaps on crosses. AUD/USD threatening top of recent range
September 04, 2025
SEK, CHF flows: SEK and CHF both softer after CPIs
September 4, 2025 6:40 AM UTC
Sweidsh CPI marginally avove consensus, Swiss CPI marginally below, but both SEK and CHF weaker
August 28, 2025
USD, CHF flows: USD marginally firmer on data, CHF soft
August 28, 2025 1:07 PM UTC
Claims dip, GDP revised up, CHF weakening
August 04, 2025
USD, JPY, CHF flows: JPY recovery has legs, CHF under a little pressure
August 4, 2025 7:33 AM UTC
Quiet start, CHF softer, JPY has potential to gain more longer term
July 24, 2025
EUR flows: EUR up as yields rise on Lagarde
July 24, 2025 12:42 PM UTC
Lagarde sounding less dovish, market now not fully pricing in any more easing this year. EUR firmer, but EUR/USD upside may be more limited than EUR gains on the crosses.
JPY, USD, EUR, CHF flows: JPY the big loser overnight, PMI data of interest
June 23, 2025 6:52 AM UTC
JPY loses ground across the board overnight. Preliminary June PMIs of interest in the absence of escalation of the Middle East conflict
June 19, 2025
CHF flows: EUR/CHF dips slightly after SNB cut
June 19, 2025 8:10 AM UTC
SNB cuts 25bps as generally expected. Small EUR/CHF dip due to minority view that SNB would cut rates to negative
May 23, 2025
EUR, USD flows: EUR falls as Trump proposes 50% tariff
May 23, 2025 12:22 PM UTC
The proposal of a 50% tariff on the EU to start on June 1 has hit the EUR
EUR, GBP flows: Data supportive of EUR and GBP
May 23, 2025 6:40 AM UTC
Strogn UK retail sales and upward revision in German GDP should underpin EUR and GBP
April 24, 2025
USD flows: Durables strong but core neutral, USD steady
April 24, 2025 12:59 PM UTC
Stronger durables were due to aircraft, and it's hard to see much FX action into the end of the week, although declining volatility may favour the riskier currencies
EUR flows: Supported by stronger IFO survey
April 24, 2025 8:38 AM UTC
IFO rises against expectations of a decline
NOK, SEK, CAD, JPY flows: Potential for corrections
April 24, 2025 6:46 AM UTC
FX moves driven by the tariff driven risk sell off can correct in less volatile markets
April 11, 2025
GBP, EUR, USD, CHF flows: GBP slightly firmer on GDP, USD remains under pressure
April 11, 2025 6:59 AM UTC
GBP benefiting from much strogner than expected UK GDP. USD remains under pressure, CHF strength may be a little overdone
April 09, 2025
USD, AUD, JPY, CHF flows: USD and risky currencies being hit
April 9, 2025 1:42 PM UTC
USD and risky currencies under pressure versus JPY and CHF, but some stabilisation in risky currencies expected near current levels. USD may still have further to weaken
USD, EUR, JPY, CHF flows: Safe havens favoured as tariffs come into operation
April 9, 2025 7:05 AM UTC
US "reciprocal" tariffs have come into operation this morning, and safe havens still look likely to be favoured, with equity markets weak and US bonds being sold heavily.
March 20, 2025
CHF flows: CHF softer after rate cut
March 20, 2025 9:06 AM UTC
CHF weaker after SNB cut rates as generally expected. More scope for CHF/JPY decline than EUR/CHF gain
March 19, 2025
JPY, CHF, EUR, TRY flows: Safe havens benefit as TRY sells off
March 19, 2025 8:15 AM UTC
Safe haven rising as TRY sells off on detention of mayor of Istanbul
March 13, 2025
JPY flows: JPY supported by hawkish BoJ and weaker equities
March 13, 2025 7:59 AM UTC
JPY resumes gains as equities slip and Ueda maintains hawkish stance
February 13, 2025
EUR flows: EUR gains on Ukraine look optimistic
February 13, 2025 9:33 AM UTC
EUR gains on the back of rising expectations of an end to the Ukraine war look optimistic
December 12, 2024
CHF flows: CHF falls on 50bp SNB cut, but downside limited
December 12, 2024 8:45 AM UTC
CHF declines on 50bp SNB cut, but limits to the downside while concerns about Eurozone stability maintain wide intra-Eurozone spreads
USD recovers slightly after post-employment dip but Fed rate cut still largely priced in. CHF stays firm on geopolitics, Eurozone concerns
November 22, 2024
CHF flows: EUR/CHF bounces on SNB comments
November 22, 2024 2:32 PM UTC
EUR/CHF back above opening levels after SNB chair Schlegel indicates potential for negative rates. But scope for CHF losses against the UR remains quite limited. CHF/JPY and CHF/NOK much more vulnerable
November 19, 2024
USD, JPY, CHF flows: USD quieter, crosses to dominate
November 19, 2024 8:00 AM UTC
Majors mostly consolidating. Verbal intervention from Japan helping cap USD/JPY but little USD momentum seen. Scope for action on crosses
November 01, 2024
CHF flows: CHF falls on weaker CPI
November 1, 2024 7:54 AM UTC
CHF falls sharply as October CPI comes in below consensus, but declines unlikely to extend far ahead of the US election
October 02, 2024
USD, JPY, CHF flows: Safe havens firm on Middle East tension
October 2, 2024 6:48 AM UTC
Safe havens remainign strong as Middle East tension rises. Oil price move thus far is modest, but fears of escalation remain. JPY the best value of the safe havens.
September 27, 2024
USD flows: USD slips lower on softer PCE price data
September 27, 2024 1:19 PM UTC
USD generally softer after PCE price index rises only 0.1% in August. AUD and JPY favoured
September 26, 2024
USD, AUD, JPY, CHF flows: US data maintains positive risk sentiment
September 26, 2024 1:10 PM UTC
Lower initial claims and better core durable goods orders keep the USD and risky currencies on the front foot
JPY weakness has extended again today, but recent run of losses is getting overdone
CHF flows: SNB dovish but EUR/CHF dips initially
September 26, 2024 7:50 AM UTC
SNB cuts rates as expected an indicates further easing likely with inflation forecatss cut. Initial EUR/CHF dip looks like a "sell on the news" reaction rather than a genuinely CHF positive take on the decision.
