North American Summary and Highlights 15 May

May 15, 2024 7:35 PM UTC

Overview - The USD was weaker in Europe, USD/JPY leading, and saw broader based losses in North America after softer than expected US CPI and retail sales data.  

FX Daily Strategy: APAC, May 16th

May 15, 2024 2:59 PM UTC

USD to stay soft after mildly softer CPI
USD/JPY still has most scope for decline
EUR/JPY also looks overstretched
AUD unlikely to move far on employment data

Psychology for major markets May 15th

May 15, 2024 10:09 AM UTC

USD coming under pressure ahead of CPI

FX Daily Strategy: N America, May 15th

May 15, 2024 8:59 AM UTC

US CPI the focus, soft USD tone may persist on neutral data
JPY weakness likely now close to limits
Still upside scope for NOK/SEK after Swedish CPI

Asia Summary and Highlights 15 May

May 15, 2024 5:03 AM UTC

China's government is considering buying unsold homes to ease oversupply
Australia Q1 Wage Price Index +0.8% q/q (expected +0.9%)

FX Daily Strategy: Europe, May 15th

May 15, 2024 4:56 AM UTC

US CPI the focus, soft USD tone may persist on neutral data
JPY weakness likely now close to limits
SEK focus on Swedish CPI, still upside scope for NOK/SEK

FX Daily Strategy: Asia, May 15th

May 14, 2024 9:00 PM UTC

US CPI the focus, soft USD tone may persist on neutral data
JPY weakness likely now close to limits
SEK focus on Swedish CPI, still upside scope for NOK/SEK

North American Summary and Highlights 14 May

May 14, 2024 7:52 PM UTC

Overview - Despite rising on a strong PPI, the USD ended slightly softer after comments from Fed’s Powell. 

FX Daily Strategy: APAC, May 15th

May 14, 2024 3:15 PM UTC

US CPI the focus, soft USD tone may persist on neutral data
JPY weakness likely now close to limits
SEK focus on Swedish CPI, still upside scope for NOK/SEK

Psychology for major markets May 14th

May 14, 2024 10:06 AM UTC

EUR edging higher, USD/JPY still firm but downside risks increasing

FX Daily Strategy: N America, May 14th

May 14, 2024 8:58 AM UTC

GBP rises on earnings data but falls back on Pill comments
US NFIB data could support softer USD tone

Asia Summary and Highlights 14 May

May 14, 2024 5:13 AM UTC

Japan Suzuki says it is important for currencies to move in stable manner, reflecting fundamentals

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.