FX Daily Strategy: Asia, May 14th

May 13, 2024 9:00 PM UTC

GBP focus on earnings data
Upside risks seen for EUR/GBP
US NFIB data could support softer USD tone

North American Summary and Highlights 13 May

May 13, 2024 7:26 PM UTC

Overview - The USD advanced versus JPY on higher US inflation expectations but slipped versus GBP and EUR. 

FX Daily Strategy: APAC, May 14th

May 13, 2024 3:13 PM UTC

GBP focus on earnings data
Upside risks seen for EUR/GBP
US NFIB data could support softer USD tone

Psychology for major markets May 13th

May 13, 2024 10:12 AM UTC

USD starting to edge lower

FX Weekly Strategy: May 13th-17th

May 13, 2024 9:10 AM UTC

Scope for EUR/USD to break higher
Focus on US CPI data
GBP/USD may return to previous correlation
JPY still has most potential for recovery

IMM Commitment of Traders Reports w/e May 7th

May 13, 2024 7:08 AM UTC

CHF net short positioning stands out

Asia Summary and Highlights 13 May

May 13, 2024 5:05 AM UTC

Japan's Kato says its natural that monetary policy will revert to positive interest rates
China's April CPI +0.3% y/y vs. +0.1% expected

FX Weekly Strategy: Europe, May 13th-17th

May 13, 2024 5:01 AM UTC

Scope for EUR/USD to break higher
Focus on US CPI data
GBP/USD may return to previous correlation
JPY still has most potential for recovery

FX Weekly Strategy: Asia, May 13th-17th

May 12, 2024 9:00 PM UTC

Scope for EUR/USD to break higher
Focus on US CPI data
GBP/USD may return to previous correlation
JPY still has most potential for recovery

FX Weekly Strategy: APAC, May 13th-17th

May 12, 2024 5:00 PM UTC

Scope for EUR/USD to break higher
Focus on US CPI data
GBP/USD may return to previous correlation
JPY still has most potential for recovery

North American Summary and Highlights 10 May

May 10, 2024 6:42 PM UTC

Overview - UK and Canadian data lifted the GBP and CAD but the USD was little changed overall.  

FX Weekly Strategy: May 13th-17th

May 10, 2024 3:00 PM UTC

Scope for EUR/USD to break higher
Focus on US CPI data
GBP/USD may return to previous correlation
JPY still has most potential for recovery

Psychology for major markets May 10th

May 10, 2024 10:09 AM UTC

USD starting to edge lower

FX Daily Strategy: N America, May 10th

May 10, 2024 9:04 AM UTC

GBP recovers after UK GDP
NOK edged higher on CPI
CAD may start to underperform on the crosses
USD strength to start to wane

Asia Summary and Highlights 10 May

May 10, 2024 5:03 AM UTC

The US planning to impose tariffs on EVs from China after review

FX Daily Strategy: Europe, May 10th

May 10, 2024 5:01 AM UTC

GBP unlikely to extend losses on UK GDP
More risk of NOK gains than losses on CPI
CAD may start to underperform on the crosses
USD strength to start to wane

FX Daily Strategy: Asia, May 10th

May 9, 2024 9:00 PM UTC

GBP unlikely to extend losses on UK GDP
More risk of NOK gains than losses on CPI
CAD may start to underperform on the crosses
USD strength to start to wane

North American Summary and Highlights 9 May

May 9, 2024 7:23 PM UTC

Overview - The GBP slipped on the BoE decision but the USD ended softer across the board after a rise in initial jobless claims.  

FX Daily Strategy: APAC, May 10th

May 9, 2024 3:15 PM UTC

GBP unlikely to extend losses on UK GDP
More risk of NOK gains than losses on CPI
CAD may start to underperform on the crosses
USD strength to start to wane

Psychology for major markets May 9th

May 9, 2024 10:05 AM UTC

USD mostly steady but JPY edging lower again despite intervention threat

FX Daily Strategy: N America, May 9th

May 9, 2024 8:57 AM 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

Asia Summary and Highlights 9 May

May 9, 2024 5:59 AM UTC

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

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