Blog | Cable FX Macro

📝CPI Data Not A Game Changer For Banxico This Week: UBS Strategy

Jun 25

📝CPI Data Not A Game Changer For Banxico This Week: UBS Strategy

Mexico H1 Jun' CPI came in above consensus and closer to a UBS estimate of 0.24%. Mexico 12 month headline CPI edged up to 4.78%, while...

📝See French Far-Right In Power As Base Case Scenario: ABN AMRO

Rosbel Durán

Jun 25

📝See French Far-Right In Power As Base Case Scenario: ABN AMRO

The far-right gains a (relative) majority but most of its political program would not be possible to implement in those three years....

🇨🇦❗️Cable FX Macro Weekly Note: Canada May Consumer Prices

Rosbel Durán

Jun 24

🇨🇦❗️Cable FX Macro Weekly Note: Canada May Consumer Prices

**As seen in Risk In The Week report 06/22/24, subscribe at cablefxm.co.uk/reports Consumer prices eased to 2.7% Y/y in April, this was...

🌐Emerging Economies Continue to Outperform Developed Markets: Cable FX Macro

Rosbel Durán

Jun 24

🌐Emerging Economies Continue to Outperform Developed Markets: Cable FX Macro

Despite expectations for higher Fed Funds Rates, emerging markets continue to rally. This is contradicting the usual U.S.-DM dynamics...

Rosbel Durán

Jun 24

❗️📝Cable FX Macro Weekly Note

**As seen in Risk In The Week report 06/22/24, subscribe at cablefxm.co.uk/reports This week: Australia Inflation Canada Inflation...

⚖️🇫🇷French Debt Spread Remains Risk to EUR: Cable FX Macro

Rosbel Durán

Jun 24

⚖️🇫🇷French Debt Spread Remains Risk to EUR: Cable FX Macro

We're heading into the French election with the French-Bund spread at its highest level in more than 10 years, Euro Stoxx continue to...

📝See Dollar Rising vs Risk Sensitive Currencies: Nordea

Rosbel Durán

Jun 24

📝See Dollar Rising vs Risk Sensitive Currencies: Nordea

The decline in interest rates and the rise in stock prices have created a positive environment for risk-sensitive currencies and a...

📝EUR/USD Near Term Targets Seen At 1.05: J.P. Morgan FX Strategy

Rosbel Durán

Jun 24

📝EUR/USD Near Term Targets Seen At 1.05: J.P. Morgan FX Strategy

Our bottom-line view based on the snap elections thus far is that this is a temporary modestly EUR/USD bearish factor rather than a...

📝See Banxico Holding Rates Until September: Scotiabank

Rosbel Durán

Jun 21

📝See Banxico Holding Rates Until September: Scotiabank

PPI has often given us a 3–6 month preview of turns in CPI cycles (secondary sector inflation sheds light on core goods, and tertiary...

📅Friday Session Docket: U.K. Retail Sales, S&P Global PMIs, U.S. Existing Home Sales

Rosbel Durán

Jun 20

📅Friday Session Docket: U.K. Retail Sales, S&P Global PMIs, U.S. Existing Home Sales

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Economic calendar sees U.K. and Canada retail sales, U.S....

📝Expect MXN to Outperform On Broader Macro Driven Risk Selloffs: UBS Strategy

Rosbel Durán

Jun 20

📝Expect MXN to Outperform On Broader Macro Driven Risk Selloffs: UBS Strategy

USDMXN churns within a range, making lower lows. The desk saw decent two way interest throughout the session with a mix of client types...

🛢️💱Canadian Dollar Detached From Crude Oil: Cable FX Macro

Rosbel Durán

Jun 20

🛢️💱Canadian Dollar Detached From Crude Oil: Cable FX Macro

It's not news to see the loonie trading detached from energy prices, the chart below shows the 120-day correlation coefficient dropping...

⚠️💵Dollar Tracking Volatility Higher: Cable FX Macro

Rosbel Durán

Jun 20

⚠️💵Dollar Tracking Volatility Higher: Cable FX Macro

The NA session has seen a bid in USD, which is now posting gains of 0.3% on the day. The G10 is led by oil sensitive currencies, while...

📅Thursday Session Docket: SNB, BoE, Jobless Claims

Rosbel Durán

Jun 19

📅Thursday Session Docket: SNB, BoE, Jobless Claims

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Economic calendar sees jobless claims, housing starts, building...

❗️🏦🇨🇭Cable FX Macro Weekly Note: SNB June Monetary Policy Meeting

Rosbel Durán

Jun 19

❗️🏦🇨🇭Cable FX Macro Weekly Note: SNB June Monetary Policy Meeting

**As seen in Risk In The Week report 06/14/24, subscribe at cablefxm.co.uk/reports It was debated whether the SNB would cut rates or not...

📝Expect Clarity From The SNB On CHF: Commerzbank

Rosbel Durán

Jun 19

📝Expect Clarity From The SNB On CHF: Commerzbank

The head of the SNB is obviously quite sure that there will be no domestic inflation drivers that could act independently of exchange...

📝No News Is Good News In MXN: UBS Strategy

Rosbel Durán

Jun 18

📝No News Is Good News In MXN: UBS Strategy

USDMXN traded heavy with some supply from Real Money and Hedge Fund names throughout the day. It's a case of no news is good news in MXN,...

🇺🇸Trump Lead Over Biden Widens: Cable FX Macro

Rosbel Durán

Jun 18

🇺🇸Trump Lead Over Biden Widens: Cable FX Macro

The implied probability of a Trump win in the November 2024 election has increased, according to data from PredictIt. This has widened...

🇬🇧❗️Cable FX Macro Weekly Note: U.K. May Consumer Prices

Rosbel Durán

Jun 18

🇬🇧❗️Cable FX Macro Weekly Note: U.K. May Consumer Prices

**As seen in Risk In The Week report 06/14/24, subscribe at cablefxm.co.uk/reports Prices in the U.K. eased to 2.3% from the prior 3.2%...

📆Wednesday Docket: U.K. CPI, U.S. Housing Market Index

Rosbel Durán

Jun 18

📆Wednesday Docket: U.K. CPI, U.S. Housing Market Index

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Economic calendar sees U.K. inflation, EU current account, U.S....