North American Summary and Highlights 21 October

October 21, 2024 7:39 PM UTC

Overview - The USD was generally stronger, if led by USD/JPY, as UST yields rose. 

Europe Summary and Highlights 21 October

October 21, 2024 10:02 AM UTC

JPY weakness was the main theme in the European morning, with USD/JPY gaining around 60 pips to 149.95.

Asia Summary and Highlights 21 October

October 21, 2024 4:19 AM UTC

PBoC cut 1 and 5 yr LPR by 25bps 
RBA deputy governor said policy ready for both direction

Asia Open - Overnight Highlights

October 21, 2024 12:00 AM UTC

EMERGING ASIA
EM currencies perform mostly stronger against the USD as USD moderates on the last trading day of the week. The biggest winners are PHP by 0.53%, followed by SGD 0.32%, CNY 0.29%, TWD, KRW and CNH 0.27%, IDR 0.19%, THB 0.17%, HKD 0.04%.
USD/CNH is trading lower at 7.1181 from 7.1370 prev

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. 

Europe Summary and Highlights 18 October

October 18, 2024 10:03 AM UTC

GBP was the only real mover in the European morning, with EUR/GBP dropping below 0.83 for the first time since April 2022 in response to stronger than expected UK retail sales data for September.

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

Asia Summary and Highlights 18 October

October 18, 2024 5:16 AM UTC

Japan September Headline CPI moderates
Chinese data mostly positive 

North American Summary and Highlights 17 October

October 17, 2024 7:35 PM UTC

Overview - The USD advanced on strong US data, while the EUR was weaker after a 25bps ECB easing. 

Europe Summary and Highlights 17 October

October 17, 2024 10:14 AM UTC

The USD was generally not much changed in a quiet European morning, making marginal gains against the JPY and CAD and marginal losses against the EUR.

North American Summary and Highlights 16 October

October 16, 2024 7:35 PM UTC

Overview - A weaker GDP was the main story after UK CPI came in below consensus. The USD was mostly firmer, though USD/CAD was an exception. 

Europe Summary and Highlights 16 October

October 16, 2024 10:07 AM UTC

The USD was generally slightly softer through a generally fairly quiet European morning.

North American Summary and Highlights 15 October

October 15, 2024 8:00 PM UTC

Overview - GBP was supported by labor market data but CAD losses on a softer CPI were not sustained. 

Asia Summary and Highlights 15 October

October 15, 2024 5:06 AM UTC

Sentiment mixed with Chinese and a Hong Kong equities in the red

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. 

Europe Summary and Highlights 14 October

October 14, 2024 10:04 AM UTC

USD/JPY gained 20 pips to 149.40 in the European morning, while EUR/USD was slightly firmer at 1.0930, with EUR/GBP also gaining slightly to move above 0.8370.

Asia Summary and Highlights 14 October

October 14, 2024 4:57 AM UTC

Chinas stimulus over the weekend is lacking

Asia Open - Overnight Highlights

October 14, 2024 12:00 AM UTC

EMERGING ASIA
EM currencies perform mostly stronger against the USD as USD steadies after choppy trading on Friday. The biggest winners are THB with the largest gains of 0.74%, followed by IDR 0.55%, PHP 0.25%, KRW 0.23%, CNH 0.2%, CNY 0.14%, MYR 0.09%, SGD 0.06% and TWD by 0.02%; the biggest loser i

North American Summary and Highlights 11 October

October 11, 2024 7:57 PM UTC

Overview - UK GDP was on consensus, US PPI soft and Canadian employment strong, but FX movement was limited. 

Europe Summary and Highlights 11 October

October 11, 2024 10:07 AM UTC

The USD was mixed in the European morning, gaining some ground against the JPY but falling back slightly against the riskier currencies, although he USD losses were mostly reversed by the end of the morning. 

Asia Summary and Highlights 11 October

October 11, 2024 4:42 AM UTC

Quiet Friday with major FX little changed

Asia Open - Overnight Highlights

October 11, 2024 12:00 AM UTC

EMERGING ASIA
EM currencies perform individually against the USD after the hotter U.S. CPI data which led to a choppy USD trading session in New York time. The only winners are SGD with the largest gains of 0.11%, followed by CNY 0.06% and HKD by 0.01%; the biggest loser is PHP by 0.58%, followed by

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. 

Europe Summary and Highlights 10 October

October 10, 2024 10:10 AM UTC

The USD was mixed in the European morning, losing some ground against the JPY but gaining slightly against the EUR. USD/JPY fell from 149.20 to 148.90, while EUR/ISD slipped from 1.0940 to 1.0930.

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. 

Europe Summary and Highlights 9 October

October 9, 2024 10:12 AM UTC

A very quiet European morning saw marginal gains for USD/JPY which rose 10 pips to 148.65, and small losses for EUR/CHF, which lost 15 pips to 0.9395. 

Asia Summary and Highlights 9 October

October 9, 2024 5:24 AM UTC

RBNZ Cut by 50bps as expected
Chinese equities tank

Asia Open - Overnight Highlights

October 9, 2024 12:00 AM UTC

EMERGING ASIA
EM currencies perform mostly weaker against the USD as the greenback gained strength from stronger U.S. Treasury Yields. The only winners are INR with the largest gains of 0.22%, followed by INR 0.02%; the biggest loser is CNY by 0.63%, followed by TWD 0.32%, PHP 0.19%, KRW 0.15%, THB 0

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. 

Europe Summary and Highlights 8 October

October 8, 2024 10:18 AM UTC

FX markets were quiet through the European morning. The only move of note was in the CHF, with EUR/CHF gaining around 25 pips to 0.9405, helped by modest equity market gains through the morning after a soft start after the declines in Chinese equities overnight.

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. 

Europe Summary and Highlights 7 October

October 7, 2024 10:11 AM UTC

Mild risk aversion was the main theme of the European morning, with equities generally moving lower.

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%)

Asia Open - Overnight Highlights

October 7, 2024 12:00 AM UTC

EMERGING ASIA
EM currencies perform mostly weaker against the USD as the greenback gained strength on stronger than expected NFP. PHP saw the largest gains of 0.19%, followed by THB 0.18%, and MYR 0.05%; the biggest loser is KRW by 1.87%, followed by CNH 0.66%, SGD 0.54%, IDR 0.42%, TWD 0.4%, HKD 0.0

North American Summary and Highlights 4 October

October 4, 2024 7:47 PM UTC

Overview - The USD saw a sharp rise on a stronger than expected US employment report. 

Europe Summary and Highlights 4 October

October 4, 2024 9:52 AM UTC

USD/JPY edged up through the European morning session, gaining around 30 pips to 146.40 and correcting some of the declines seen in Asia overnight.

North American Summary and Highlights 3 October

October 3, 2024 7:40 PM UTC

Overview - The main move of the day was dip in the GBP after comments from BoE Governor Bailey. CHF was also softer after Swiss CPI data. 

Europe Summary and Highlights 3 October

October 3, 2024 10:14 AM UTC

GBP saw the biggest move in the European morning, with EUR/GBP gaining 80 pips to 0.8410 after an interview with BoE governor Bailey in the Guardian newspaper. 

North American Summary and Highlights 2 October

October 2, 2024 7:42 PM UTC

Overview - USD/JPY was the main mover, supported by comments from BoJ’s Ueda and later US ADP employment data, rising above 146. Elsewhere moves were modest. 

Europe Summary and Highlights 2 October

October 2, 2024 10:14 AM UTC

USD/JPY gained around half a figure through the European morning session, helped by comments from BoJ governor Ueda who said that markets were still unstable – seen as code for indicating that BoJ policy would remain accommodative for the time being. 

North American Summary and Highlights 1 October

October 1, 2024 8:02 PM UTC

Overview - Focus was on an Iranian missile attack on Israel though FX reaction was eventually modest. 

Europe Summary and Highlights 1 October

October 1, 2024 10:08 AM UTC

EUR/USD slipped lower through the European morning, losing nearly half a figure from an open near 1.1140

North American Summary and Highlights 30 September

September 30, 2024 7:45 PM UTC

Overview - Dovish comments from Lagarde weighed on the EUR while less than dovish comments from Powell lifted the USD. 

Europe Summary and Highlights 30 September

September 30, 2024 10:15 AM UTC

EUR/USD gained around 20 pips through the European morning, rising after the German CPI data come in weaker than the published median, though probably not as weak as expected after the very low French and Spanish CPI data last week.