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

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: Europe, July 24th

July 24, 2024 4:54 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

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: Europe, July 23rd

July 23, 2024 4:46 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

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

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

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: 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

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: Europe, July 18th

July 18, 2024 5:24 AM UTC

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

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

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: 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

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: Europe, July 16th

July 16, 2024 6:06 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

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

FX Weekly Strategy: July 15th-19th

July 15, 2024 9:03 AM UTC

JPY the main focus after sharp gains Thursday and Friday
Key levels approaching with talk of intervention
EUR risks may be on the downside on ECB meeting
GBP strength could be challenged by UK data

FX Weekly Strategy: Europe, July 15th-19th

July 15, 2024 4:54 AM UTC

JPY the main focus after sharp gains Thursday and Friday
Key levels approaching with talk of intervention
EUR risks may be on the downside on ECB meeting
GBP strength could be challenged by UK data

FX Weekly Strategy: Asia, July 15th-19th

July 14, 2024 9:00 PM UTC

JPY the main focus after sharp gains Thursday and Friday
Key levels approaching with talk of intervention
EUR risks may be on the downside on ECB meeting
GBP strength could be challenged by UK data

FX Weekly Strategy: APAC, July 15th-19th

July 14, 2024 5:00 PM UTC

JPY the main focus after sharp gains Thursday and Friday
Key levels approaching with talk of intervention
EUR risks may be on the downside on ECB meeting
GBP strength could be challenged by UK data

FX Weekly Strategy: July 15th-19th

July 12, 2024 3:29 PM UTC

JPY the main focus after sharp gains Thursday and Friday
Key levels approaching with talk of intervention
EUR risks may be on the downside on ECB meeting
GBP strength could be challenged by UK data

FX Daily Strategy: N America, July 12th

July 12, 2024 9:13 AM UTC

US PPI watched in follow up to CPI
JPY has the most potential for volatility
SEK modestly weaker after soft CPI

FX Daily Strategy: Asia, July 12th

July 11, 2024 9:00 PM UTC

US PPI watched in follow up to CPI
JPY has the most potential for volatility
SEK at risk on CPI

FX Daily Strategy: APAC, July 12th

July 11, 2024 3:00 PM UTC

US PPI watched in follow up to CPI
JPY has the most potential for volatility
SEK at risk on CPI

FX Daily Strategy: N America, July 11th

July 11, 2024 9:11 AM UTC

US CPI the main focus
Some USD downside risk after recent yield declines
GBP and AUD may be the biggest beneficiaries
GBP gains further support from GDP

FX Daily Strategy: Europe, July 11th

July 11, 2024 4:54 AM UTC

US CPI the main focus
Some USD downside risk after recent yield declines
GBP and AUD may be the biggest beneficiaries
GBP to gain further support from GDP

FX Daily Strategy: Asia, July 11th

July 10, 2024 9:00 PM UTC

US CPI the main focus
Some USD downside risk after recent yield declines
GBP and AUD may be the biggest beneficiaries
GBP to gain further support from GDP

FX Daily Strategy: APAC, July 11th

July 10, 2024 3:05 PM UTC

US CPI the main focus
Some USD downside risk after recent yield declines
GBP and AUD may be the biggest beneficiaries
GBP to gain further support from GDP