FX Daily Strategy: Asia, May 9th

May 8, 2024 9:00 PM UTC

Some risk of more dovish BoE stance
EUR/GBP risks to the upside
JPY weakness looks unlikely to persist
US jobless claims the US data focus

North American Summary and Highlights 8 May

May 8, 2024 7:29 PM UTC

Overview - The highlight of a quiet session was modest SEK losses after a 25bps Riksbank easing.  

FX Daily Strategy: APAC, May 9th

May 8, 2024 3:11 PM UTC

Some risk of more dovish BoE stance
EUR/GBP risks to the upside
JPY weakness looks unlikely to persist
US jobless claims the US data focus

Psychology for major markets May 8th

May 8, 2024 10:11 AM UTC

USD mostly steady but JPY edging lower again despite intervention threat

FX Daily Strategy: N America, May 8th

May 8, 2024 8:59 AM UTC

SEK dips on Riksbank
German production data supports EUR
JPY still struggling to show general strength
AUD may test upside, but break higher still looks unlikely at this stage

Asia Summary and Highlights 8 May

May 8, 2024 5:23 AM UTC

USD/JPY up three days in a row and drew verbal intervention from Japanese finance minister

FX Daily Strategy: Asia, May 8th

May 7, 2024 9:00 PM UTC

SEK upside risks on Riksbank
German production data may underpin EUR
JPY still struggling to show general strength
AUD may test upside, but break higher still looks unlikely at this stage

North American Summary and Highlights 7 May

May 7, 2024 7:57 PM UTC

Overview - In a day of limited news the USD advanced as equity gains faded.  

FX Daily Strategy: APAC, May 8th

May 7, 2024 3:08 PM UTC

SEK upside risks on Riksbank
German production data may underpin EUR
JPY still struggling to show general strength
AUD may test upside, but break higher still looks unlikely at this stage

Psychology for major markets May 7th

May 7, 2024 10:18 AM UTC

USD tone softening as as softer non-farm payroll sustains yields drop post-FOMC. 

IMM Commitment of Traders Reports w/e Apr 30th

May 7, 2024 7:16 AM UTC

Modest reducion in CHF and JPY shorts - still extended.

FX Daily Strategy: N America, May 7th

May 7, 2024 6:10 AM UTC

RBA kept rates unchanged at 4.35%
Further downside seen for USD/JPY
USD could also slip lower against riskier currencies

North American Summary and Highlights 6 May

May 6, 2024 7:36 PM UTC

Overview - In a generally quiet session the USD held firm versus the JPY while modest slippage elsewhere faded.  

Psychology for major markets May 6th

May 6, 2024 6:52 PM UTC

USD tone softening as as softer non-farm payroll sustains yields drop post-FOMC. 

FX Weekly Strategy: May 6th-10th

May 6, 2024 10:07 AM UTC

USD/JPY returns to previous highs after BoJ action
Further downside seen for USD/JPY
USD could also slip lower against riskier currencies
SEK may rise as Riksbank leaves rate hike until June
GBP vulnerable to more dovish BoE stance

Asia Summary and Highlights 6 May

May 6, 2024 4:24 AM UTC

USD/JPY up a figure 

FX Weekly Strategy: Asia, May 6th-10th

May 5, 2024 9:00 PM UTC

USD/JPY returns to previous highs after BoJ action
Further downside seen for USD/JPY
USD could also slip lower against riskier currencies
SEK may rise as Riksbank leaves rate hike until June
GBP vulnerable to more dovish BoE stance

FX Weekly Strategy: APAC, May 6th-10th

May 5, 2024 5:00 PM UTC

USD/JPY returns to previous highs after BoJ action
Further downside seen for USD/JPY
USD could also slip lower against riskier currencies
SEK may rise as Riksbank leaves rate hike until June
GBP vulnerable to more dovish BoE stance

North American Summary and Highlights 3 May

May 3, 2024 7:31 PM UTC

Overview - The USD slipped on weaker than expected US employment data but subsequently reversed most of its losses.  

FX Weekly Strategy: May 6th-10th

May 3, 2024 3:13 PM UTC

USD/JPY returns to previous highs after BoJ action
Further downside seen for USD/JPY
USD could also slip lower against riskier currencies
SEK may rise as Riksbank leaves rate hike until June
GBP vulnerable to more dovish BoE stance

Psychology for major markets May 3rd

May 3, 2024 10:09 AM UTC

USD tone softening as yields drop post-FOMC. JPY firm as BoJ intervention discourages shorts

FX Daily Strategy: N America, May 3rd

May 3, 2024 9:04 AM UTC

USD to get support from US employment report
ISM services should be neutral, but some downside risks
JPY strength to continue long run, but some consolidation may be seen near term
NOK has upside scope despite recent weakness with Norges Bank likely to remain steady

Asia Summary and Highlights 3 May

May 3, 2024 6:06 AM UTC

USD/JPY rotates lower

FX Daily Strategy: Europe, May 3rd

May 3, 2024 5:57 AM UTC

USD to get support from US employment report
ISM services should be neutral, but some downside risks
JPY strength to continue long run, but some consolidation may be seen near term
NOK has upside scope despite recent weakness with Norges Bank likely to remain steady

FX Daily Strategy: Asia, May 3rd

May 2, 2024 9:00 PM UTC

USD to get support from US employment report
ISM services should be neutral, but some downside risks
JPY strength to continue long run, but some consolidation may be seen near term
NOK has upside scope despite recent weakness with Norges Bank likely to remain steady

North American Summary and Highlights 2 May

May 2, 2024 7:32 PM UTC

Overview - With UST yields falling despite strong US data, the USD ended Thursday weaker, led by USD/JPY. 

FX Daily Strategy: APAC, May 3rd

May 2, 2024 3:12 PM UTC

USD to get support from US employment report
ISM services should be neutral, but some downside risks
JPY strength to continue long run, but some consolidation may be seen near term
NOK has upside scope despite recent weakness with Norges Bank likely to remain steady

Psychology for major markets May 2nd

May 2, 2024 10:11 AM UTC

USD tone softening as yields drop post-FOMC. JPY firm on BoJ intervention

FX Daily Strategy: North America, May 2nd

May 2, 2024 9:22 AM UTC

Europe returns to digest the FOMC impact
USD may start to suffer of market sees loss of economic momentum
JPY most favoured, but EUR also has upside potential
CHF decline depends more on European recovery than SNB

Asia Summary and Highlights 2 May

May 2, 2024 6:01 AM UTC

Another potential BoJ intervention in Asia time when only New Zealand market is opened

FX Daily Strategy: Asia, May 2nd

May 1, 2024 9:00 PM UTC

Europe returns to digest the FOMC impact
USD may start to suffer of market sees loss of economic momentum
JPY most favoured, but EUR also has upside potential
CHF decline depends more on European recovery than SNB

North American Summary and Highlights 1 May

May 1, 2024 8:24 PM UTC

Overview - The USD fell sharply on a less hawkish than feared FOMC statement and comments from Fed’s Powell, but by the end of the session most of the losses had been erased. After the close, JPY saw a fresh surge.  

FX Daily Strategy: APAC, May 2nd

May 1, 2024 3:15 PM UTC

Europe returns to digest the FOMC impact
USD may start to suffer of market sees loss of economic momentum
JPY most favoured, but EUR also has upside potential
CHF decline depends more on European recovery than SNB

Psychology for major markets May 1st

May 1, 2024 10:19 AM UTC

USD regains firm tone after strong employment cost index - focus on FOMC

FX Daily Strategy: N America, May 1st

May 1, 2024 8:58 AM UTC

FOMC the focus, Fed expected to be more hawkish
Risk may be to USD downside, as market already priced for hawkish shift
ADP unlikely to move markets
Macklem could impact the CAD

Asia Summary and Highlights 1 May

May 1, 2024 6:01 AM UTC

USD/JPY quiet but upwards

FX Daily Strategy: Asia, May 1st

April 30, 2024 9:00 PM UTC

FOMC the focus, Fed expected to be more hawkish
Risk may be to USD downside, as market already priced for hawkish shift
ADP unlikely to move markets
Macklem could impact the CAD

North American Summary and Highlights 30 Apr

April 30, 2024 7:52 PM UTC

Overview - While the EUR got support from Q1 GDP data the USD ended stronger across the board on a stronger than expected Q1 Employment Cost Index.