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

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.

Asia Summary and Highlights 18 October

October 18, 2024 5:16 AM UTC

Japan September Headline CPI moderates
Chinese data mostly positive 

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.

Asia Summary and Highlights 17 October

October 17, 2024 5:10 AM UTC

Australian September headline employment change +64.1k
Unemployment Rate 4.1%, Participation Rate 67.2%
Japan September exports -1.7% y/y & imports +2.1% 

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

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

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.

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%

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

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.

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

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%)

Europe Summary and Highlights 27 September

September 27, 2024 10:12 AM UTC

USD/JPY fell sharply early in the European morning, triggered by the election of Ishiba as the new LDP head and PM.

Asia Summary and Highlights 26 September

September 27, 2024 5:17 AM UTC

Tokyo area September Headline inflation2.2% y/y
Japan LDP begins vote for leadership election
PBOC cuts 7 day reverse repo rate to 1.5% (prior 1.7%)
People's Bank of China cuts RRR by 50bp

Europe Summary and Highlights 26 September

September 26, 2024 9:59 AM UTC

The JPY was marginally lower and the riskier currencies generally slightly higher in the European morning, with equities once again making solid gains after the better Chinese equity performance overnight.

Asia Summary and Highlights 26 September

September 26, 2024 5:09 AM UTC

BOJ July minutes calls for further gradual, but timely, interest rate increases
It is reported that China is considering injecting US$142bn of capital into top banks

Europe Summary and Highlights 25 September

September 25, 2024 10:15 AM UTC

The USD was generally firmer through the European morning, particularly against the JPY with EUR/JPY making a new high for the month at 161.29.

Asia Summary and Highlights 25 September

September 25, 2024 4:58 AM UTC

Japan August services PPI 2.7% y/y vs. 2.6% expected
Australian August monthly  CPI 2.7% y/y (expected 2.8%)
The People’s Bank of China cut the Medium-term Lending Facility (MLF) rate to 2% from 2.3% 

Europe Summary and Highlights 24 September

September 24, 2024 10:12 AM UTC

EUR/JPY gained ground through the European morning, with both EUR/USD and USD/JPY moving higher, each gaining around 20 pips although the gains were larger earlier in the session.

Asia Summary and Highlights 24 September

September 24, 2024 5:28 AM UTC

RBA leaves cash rate unchanged at 4.35%, as expected

Europe Summary and Highlights 23 September

September 23, 2024 10:00 AM UTC

EUR/USD fell 60 pips through the European morning as the Eurozone PMI data came in much weaker than expected.

Asia Summary and Highlights 23 September

September 23, 2024 5:48 AM UTC

USD/JPY higher in the early Asia hours on Monday
Japan's vice finance minister for international affairs Atsushi Mimura said "always watching" yen carry trade

Europe Summary and Highlights 20 September

September 20, 2024 10:03 AM UTC

USD/JPY gained a figure and a half through the European morning session following the Ueda press conference, which was seen as showing a less hawkish stance than communicated in July. 

Asia Summary and Highlights 20 September

September 20, 2024 5:40 AM UTC

BoJ Kept Rates Unchanged at 0.25%
Japan August CPI Headline +3.0% y/y (vs. 3.0% expected)

Europe Summary and Highlights 19 September

September 19, 2024 10:06 AM UTC

The USD lost ground against the riskier currencies through the European morning. 

Asia Summary and Highlights 19 September

September 19, 2024 5:07 AM UTC

The broad risk mood is positive as market participants digest FOMC decision
USD/JPY retreats from early high
Australian August Headline Employment Change +47.5k
New Zealand Q2 GDP -0.2% q/q

Europe Summary and Highlights 18 September

September 18, 2024 10:14 AM UTC

EUR/USD gained around 20 pips through the European morning, while GBP/USD was the best performer, rising 60 pips to 1.3220 after UK CPI data came in essentially in line with expectations at 2.2% y/y.

Asia Summary and Highlights 18 September

September 18, 2024 5:03 AM UTC

Japan August exports +5.6% y/y, expected +10.0%, imports +2.3% y/y, expected +16.6%.

Europe Summary and Highlights 17 September

September 17, 2024 9:59 AM UTC

Not much FX movement seen in a quiet European morning session. 

Asia Summary and Highlights 17 September

September 17, 2024 5:13 AM UTC

Regional sentiment mixed on Tuesday Asia
Japan Finance Minister Suzuki says he is analysing the impact of the strengthening yen

Europe Summary and Highlights 16 September

September 16, 2024 10:00 AM UTC

The USD fell back against the riskier currencies in the European morning, but finished unchanged against the JPY slightly above 140 after making new lows for the year at 139.58 earlier in the session.

Asia Summary and Highlights 16 September

September 16, 2024 4:58 AM UTC

USD/JPY breaks below 140

Europe Summary and Highlights 13 September

September 13, 2024 9:52 AM UTC

The USD extended overnight losses in the European morning after staging a modest initial rally.

Asia Summary and Highlights 13 September

September 13, 2024 5:42 AM UTC

USD/JPY dipped to yearly low at 140.65
Broad sentiment is mixed on Friday