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

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

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

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.

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

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

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

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

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

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

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

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

FX Daily Strategy: APAC, May 1st

April 30, 2024 2:59 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

Psychology for major markets Apr 30

April 30, 2024 10:03 AM UTC

EUR firm after stronger GDP

FX Daily Strategy: N America, April 30th

April 30, 2024 9:14 AM UTC

Eurozone GDP outperforms consensus...
...with CPI also marginally firm
EUR/USD only modestly bid for now
USD/JPY still has a lot of potential downside, but patience needed

FX Daily Strategy: Asia April 30th

April 29, 2024 9:00 PM UTC

Eurozone HICP may have mild upside risks…
…but GDP risks look to be to the downside
EUR/USD unlikely to move far from 1.07
USD/JPY still has a lot of potential downside, but patience needed

FX Daily Strategy: APAC, April 30th

April 29, 2024 3:17 PM UTC

Eurozone HICP may have mild upside risks…
…but GDP risks look to be to the downside
EUR/USD unlikely to move far from 1.07
USD/JPY still has a lot of potential downside, but patience needed

Psychology for major markets Apr 29

April 29, 2024 10:22 AM UTC

JPY reverses sharply higher on probable intervention

FX Weekly Strategy: April 29th - May 3rd

April 29, 2024 9:07 AM UTC

Focus on FOMC and US employment report
Scope for USD strength on strong US labour market data
JPY weakness is extreme but hard to buck the current correlations without intervention
NOK also looks too weak

IMM Commitment of Traders Reports w/e Apr 23rd

April 29, 2024 8:07 AM UTC

CHF and JPY net short positions rise further to new highs for the decade, CHF shorts particularly extended. CAD and AUD net shorts also high. GBP and EUR positioning turn net short.

FX Weekly Strategy: Europe, April 29th - May 3rd

April 29, 2024 4:38 AM UTC

Focus on FOMC and US employment report
Scope for USD strength on strong US labour market data
JPY weakness is extreme but hard to buck the current correlations without intervention
NOK also looks too weak

FX Weekly Strategy: Asia, April 29th - May 3rd

April 28, 2024 9:00 PM UTC

Focus on FOMC and US employment report
Scope for USD strength on strong US labour market data
JPY weakness is extreme but hard to buck the current correlations
NOK also looks too weak

FX Weekly Strategy: APAC, April 29th - May 3rd

April 28, 2024 5:00 PM UTC

Focus on FOMC and US employment report
Scope for USD strength on strong US labour market data
JPY weakness is extreme but hard to buck the current correlations
NOK also looks too weak

FX Weekly Strategy: April 29th - May 3rd

April 26, 2024 3:15 PM UTC

Focus on FOMC and US employment report
Scope for USD strength on strong US labour market data
JPY weakness is extreme but hard to buck the current correlations
NOK also looks too weak

Psychology for major markets Apr 26

April 26, 2024 10:18 AM UTC

EUR and riskier currencies better bid, JPY at new 34 year lows