Blog | Cable FX Macro

🇺🇸❗️Shelter Prices Eased to Lowest Since 2021: Cable FX Macro

Jul 11

🇺🇸❗️Shelter Prices Eased to Lowest Since 2021: Cable FX Macro

**As seen in Online Tools> Inflation Dashboard, subscribe at cablefxm.co.uk/reports The June CPI report recorded lower contributions from...

💵🔻Dollar Posts Worst Week Since May: Cable FX Macro

Rosbel Durán

Jul 7

💵🔻Dollar Posts Worst Week Since May: Cable FX Macro

The dollar recorded the worst week since May after falling 1.0%. Our Cable FX Macro Dollar Index tracks the greenback across the G10 So...

📝Canada Labour Market Performed Better Than Markets Understood: Scotiabank

Rosbel Durán

Jul 7

📝Canada Labour Market Performed Better Than Markets Understood: Scotiabank

This was a better report than markets understood. Jobs were flat (-1.4k m/m) with a 95% confidence interval of anywhere between about...

📝 A French Hung Parliament Is Priced In: Barclays Strategy

Rosbel Durán

Jul 7

📝 A French Hung Parliament Is Priced In: Barclays Strategy

Five main potential scenarios. 1) If the results of the first round confirm current polls, we would expect a fairly muted market reaction...

RPT--🇺🇸❗️Cable FX Macro Weekly Note: U.S. May Core PCE Deflator

Rosbel Durán

Jun 28

RPT--🇺🇸❗️Cable FX Macro Weekly Note: U.S. May Core PCE Deflator

**As seen in Risk In The Week report 06/22/24, subscribe at cablefxm.co.uk/reports Looking into decimal numbers, the April U.S. core PCE...

⚠️💱FX Volatility Bid Across The Board: Cable FX Macro

Rosbel Durán

Jun 28

⚠️💱FX Volatility Bid Across The Board: Cable FX Macro

The last trading week of the quarter recorded front-end volatility higher across currencies. Political and economic risk events will open...

💹Yen Downside May Be Seen As Speculative: Cable FX Macro

Rosbel Durán

Jun 28

💹Yen Downside May Be Seen As Speculative: Cable FX Macro

We have previously cited rate differentials pointing to higher dollar-yen, not today. The recent USD/JPY upside could be seen speculative...

💱📊G10FX Model Composite Extends Gains In June: Cable FX Macro

Rosbel Durán

Jun 27

💱📊G10FX Model Composite Extends Gains In June: Cable FX Macro

Noting a recent extension of gains in our G10FX model composite top rankings (short JPY / long GBP). We're a few sessions to end the...

💹Front-End USD/JPY Riskies Turn Bullish For First Time Since 2022: Cable FX Macro

Rosbel Durán

Jun 27

💹Front-End USD/JPY Riskies Turn Bullish For First Time Since 2022: Cable FX Macro

USD/JPY 1 week risk reversals breached above 0.0 on Thursday session, this has not been seen since 2022. Demand for protection in the...

🏦🇲🇽Cable FX Macro Weekly Note: Banxico June Rate Decision

Rosbel Durán

Jun 27

🏦🇲🇽Cable FX Macro Weekly Note: Banxico June Rate Decision

**As seen in Risk In The Week report 06/22/24, subscribe at cablefxm.co.uk/reports Back in May, Banco de Mexico (Banxico) left its policy...

📝Revising Our BoJ Rate Hike Call to October: MUFG

Rosbel Durán

Jun 27

📝Revising Our BoJ Rate Hike Call to October: MUFG

We have revised our forecast for BoJ rate hikes. We had previously expected an increase in its uncollateralized overnight call rate...

📝Banxico to Hold, May Ignore The Recent Peso Depreciation: Commerzbank

Rosbel Durán

Jun 27

📝Banxico to Hold, May Ignore The Recent Peso Depreciation: Commerzbank

Given the new circumstances, Banxico is likely to remain on hold again. Before the turmoil, this would have been a different story;...

🏦🇸🇪Cable FX Macro Weekly Note: Riksbank June Rate Decision

Rosbel Durán

Jun 26

🏦🇸🇪Cable FX Macro Weekly Note: Riksbank June Rate Decision

**As seen in Risk In The Week report 06/22/24, subscribe at cablefxm.co.uk/reports The Swedish central bank trimmed its policy rate by...

📆Thursday Session Docket: Jobless Claims, Durable Goods, Riksbank

Rosbel Durán

Jun 26

📆Thursday Session Docket: Jobless Claims, Durable Goods, Riksbank

**As seen in Online Tools>Calenda, subscribe at cablefxm.co.uk/reports Economic calendar sees EU consumer confidence, U.S. durable goods...

🏦🇦🇺RBA Has Room to Catch Up: Cable FX Macro

Rosbel Durán

Jun 25

🏦🇦🇺RBA Has Room to Catch Up: Cable FX Macro

The Australian central bank started hiking rates in May 2022, the Cash Rate Target was lifted 425bps since then. Relatively speaking, the...

🧮Leveraged Funds Cut MXN Longs At Fastest Pace Since March 2023: Cable FX Macro

Rosbel Durán

Jun 25

🧮Leveraged Funds Cut MXN Longs At Fastest Pace Since March 2023: Cable FX Macro

The recent volatility in the Mexican peso is now being reflected in the leveraged fund community, positioning was reduced aggressively to...

📆Wednesday Session Docket: Sweden PPI, U.S. New Home Sales, ECB Speakers

Rosbel Durán

Jun 25

📆Wednesday Session Docket: Sweden PPI, U.S. New Home Sales, ECB Speakers

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Economic calendar is light. Sweden releases producer prices, U.S....

❗️🇦🇺Cable FX Macro Weekly Note: Australia May Consumer Prices

Rosbel Durán

Jun 25

❗️🇦🇺Cable FX Macro Weekly Note: Australia May Consumer Prices

**As seen in Risk In The Week report 06/22/24, subscribe at cablefxm.co.uk/reports The monthly inflation indicator saw an uptick in...

🐍🦅 Mexican Peso Vol/Spot Correlation Remains Intact: Cable FX Macro

Rosbel Durán

Jun 25

🐍🦅 Mexican Peso Vol/Spot Correlation Remains Intact: Cable FX Macro

The USD/MXN volatility structure rises on Tuesday after the peso breached the 18.0 level to the downside, this was followed by MXN...

💹USD/JPY Sees YTD High As Options Trim Downside Protection: Cable FX Macro

Rosbel Durán

Jun 25

💹USD/JPY Sees YTD High As Options Trim Downside Protection: Cable FX Macro

Dollar-yen is off session lows and eyes levels above 160.0, the YTD high stands at 160.17. Monday session saw the rate stabilize after...