USD flows: USD lifted by higher New York Fed inflation expectauons

May 13, 2024 3:26 PM UTC

The USD has seen a bounce on the New York Fed’s April survey of consumer inflation expectations, showing market sensitivity to the issue. This reinforces a message of stronger inflation expectations in May’s preliminary Michigan CSI report on Friday.

IMM Commitment of Traders Reports w/e May 7th

May 13, 2024 7:08 AM UTC

CHF net short positioning stands out

USD, JPY flows: FX steady but USD downside risks rising

May 13, 2024 6:37 AM UTC

USD steady in quiet trading but rising JGB yields and softer US data suggest USD/JPY downside risks

AUD/USD flows: Soft regional sentiment

May 13, 2024 5:00 AM UTC

China to switch off real-time info on foreign flows in stocks today
China plans to issue special ultra-long term treasury bonds to raise 1 trillion yuan
China's April CPI +0.3% y/y vs. +0.1% expected

USD flows: USD softer after weak UoM confidence

May 10, 2024 2:22 PM UTC

University of Michigan confidence data shows sharp decline - USD may come under more pressure

CAD flows: CAD firmer after stronger employment data

May 10, 2024 1:12 PM UTC

Strogner employment data pushes CAD yields up and USD/CAD lower. But still a good chance of a June rate cut so risks may be to the CAD downside

NOK flows: NOK edges higher after CPI

May 10, 2024 6:53 AM UTC

Norway CPI mildly stronger than expected, suggesting scope for NOK gains

GBP flows: GBP recovers on stronger GDP

May 10, 2024 6:41 AM UTC

UK GDP rises a better than expected 0.6% in Q1, but breakdown looks suspicious. Nevertheless, GBP likely to hold firm short term

AUD/USD flows: Slips on U.S. EV sanction news

May 10, 2024 4:59 AM UTC

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

USD/JPY flows: Household spending rebounds

May 10, 2024 3:39 AM UTC

Jawboning continues
Japan March Household Spending +1.2% m/m (expected -0.3%)

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