USD flows: USD slips lower on higher initial claims

May 9, 2024 1:04 PM UTC

Initial claims highest since August, USD lower with yields

GBP flows: GBP weakens as 2 MPC members vote for a rate cut

May 9, 2024 11:19 AM UTC

UK rates left unchanged, but deputy governor Ramsden joins Dhingra in voting for a cut.

JPY flows: JPY still soft despite hawkish BoJ

May 9, 2024 6:35 AM UTC

Boj sounded hawkish, but JPY softer as cash earnings disappoint. 

USD/JPY flows: Continue to be higher after BoJ summary of opinion

May 9, 2024 5:59 AM UTC

BoJ summary of opinion shows more hawkish members
But March wage data disappoints

SEK flows: SEK lower after Riksbank cut

May 8, 2024 7:52 AM UTC

Riksbank cut rates as most expected, and guide for 2 more cuts this year. SEK lower, but remains at low levels and has scope to rally.

EUR, JPY, SEK flows: Firm USD tone hard to justify, SEK in focus

May 8, 2024 6:52 AM UTC

USD firm overnight without an obvious rationale. German production data EUR positive. JPY softening but BoJ risks rising. Riksbank meeting in focus.

AUD/USD flows: Dragged by regional sentiment

May 8, 2024 5:17 AM UTC

Soft regional sentiment and strong USD

USD/JPY flows: Up three in a row

May 8, 2024 5:00 AM UTC

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

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.

EUR, JPY flows: EUR edges lower, JPY decline overdone

May 7, 2024 6:51 AM UTC

Slight EUR weakness after German orders data unlikely to extend far. JPY decline this week looks overdone

AUD/USD flows: RBA remain on hold

May 7, 2024 6:07 AM UTC

RBA leaves cash rate unchanged at 4.35%

AUD/USD flows: Soft Q1 Retail sales

May 7, 2024 4:04 AM UTC

Australian Q1 Retail sales lower than expected

USD/JPY Flows: JPY Consolidation with Mixed Views

May 6, 2024 2:06 PM UTC

JPY has stablised in U.S. trading, with near-term views in the market mixed. 

GBP/USD Flows: GBP bounce but BOE Risks Still on Thursday

May 6, 2024 9:05 AM UTC

GBP has pushed higher on short-covering, but the BOE meeting could have dovish hints still on Thursday. 

EUR/USD Flows: Sideways but Policy and Ukraine in Focus

May 6, 2024 7:17 AM UTC

Quiet conditions with the UK closed, but some focus on Fed and ECB prospects. 

AUD/USD flows: Proxy supported

May 6, 2024 4:19 AM UTC

Chinese PMI and Equities positive

USD flows: USD knocked lower by weaker US employment report

May 3, 2024 12:48 PM UTC

US emplyoment report only modestly weaker than expected, but weaker in all categories, JPY benefiting the most, but scope for USD losses elsewhere as well.

NOK flows: NOK higher after Norges Bank

May 3, 2024 8:16 AM UTC

Norges Bank  statement a little more hawkish than expected - NOK edges up

JPY, NOK flows: USD/JPY under pressure, NOK has scope to recover

May 3, 2024 6:48 AM UTC

BoJ squeezing out JPY shorts. Norges Bank could provide NOK support

AUD/USD flows: Solid PMI

May 3, 2024 5:56 AM UTC

Australian service PMI solid in expansion at 53.6

USD, JPY flows: USD/JPY dips in early US

May 2, 2024 1:09 PM UTC

USD falls back with US yields with BoJ amplifying JPY strength

USD flows: USD softer after FOMC and BoJ raid

May 2, 2024 6:50 AM UTC

USD falls back with US yields with BoJ amplifying JPY strength

AUD/USD flows: Benefiting from improving sentiment

May 2, 2024 5:52 AM UTC

Major equity indexes improves post FOMC

USD/JPY flows: BoJ Hit it When It is Weak

May 2, 2024 3:31 AM UTC

Another potential intervention in Asia time when only New Zealand market is opened
Another five figure drop

USD flows: USD edges lower after softish ISM

May 1, 2024 2:23 PM UTC

Softer ISM follows similarly soft S&P PMI but focus still on FOMC

USD flows: USD firms slightly after ADP but focus on ISM and FOMC

May 1, 2024 12:24 PM UTC

Marginally stronger than expected ADP employment won't change expectations for Friday's employment report. More scope for movement on ISM, but in practice a fairly steady market likely before the FOMC.

USD flows: USD firm but risks to the downside

May 1, 2024 7:03 AM UTC

USD gains since the employment cost index put it at levels that look vulnerable

USD/JPY flows: Slowly grinding higher

May 1, 2024 5:48 AM UTC

USD/JPY quiet but upwards

USD flows: USD gains on stronger employment cost index

April 30, 2024 1:03 PM UTC

Employment cost index pushes US yields and the USD higher

EUR flows: EUR stays steady despite strong GDP

April 30, 2024 8:33 AM UTC

Eurozone GDP beating consensus, suggesting upside risks for EUR

EUR flows: EUR soft despite stronger data

April 30, 2024 6:55 AM UTC

French GDP and German retail sales on the strong side, but EUR/USD initially soft. But little reason to move away from 1.07.

AUD/USD flows:

April 30, 2024 5:12 AM UTC

Australia March Retail Sales -0.4% m/m (expected +0.2%)

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.

JPY flows: BoJ intervention triggers sharp reversal

April 29, 2024 6:51 AM UTC

Reported BoJ intervention has triggered a 5 figure drop in USD/JPY in late Asia trade. The upside now looks capped near term, and there is scope for a huge decline, but lower US yields look necessary to trigger it.

USD/JPY flows: BoJ Back in the office

April 29, 2024 4:52 AM UTC

USD/JPY slumped from 159.60 to 155.9 currently
Looks like intervention

AUD/USD flows: Boosted by Chinese property Sector Relieves

April 29, 2024 4:09 AM UTC

Chengdu, in southwest China, has removed home-buying curbs

USD flows: Mild relief after PCE

April 26, 2024 1:10 PM UTC

Not much FX reaction to PCE data

JPY flows: Sharp JPY rally might be intervention

April 26, 2024 8:37 AM UTC

USD/JPY fell 170 pips in a few minutes, suggesting potential intervention, but this is unconfirmed. If this is intervention more is likely to be required if JPY weakness is to be stopped, but some stability may now be seen until the US opens.