Blog | Cable FX Macro

💹Yen Weakness Persists Across G10 Despite Intervention: Cable FX Macro

May 31

💹Yen Weakness Persists Across G10 Despite Intervention: Cable FX Macro

The chart below shows intramonth trading in G10FX/JPY. For those unfamiliar to JPY x-es, an upward trend (line rising) means the yen is...

🗳️🇲🇽 MXN Front-End Hedging Demand Rises The Most Into Election: Cable FX Macro

Rosbel Durán

May 31

🗳️🇲🇽 MXN Front-End Hedging Demand Rises The Most Into Election: Cable FX Macro

Mexican peso 1w implieds record the largest upside over the last week, the tenor is up 4.4 vols to 12.470%. Front-end hedging demand has...

🇨🇦❗️Cable FX Macro Weekly Note: Canada Q1 GDP Growth

Rosbel Durán

May 30

🇨🇦❗️Cable FX Macro Weekly Note: Canada Q1 GDP Growth

**As seen in Risk In The Week report 05/26/24,subscribe at cablefxm.co.uk/reports The prior quarter saw a rebound in Canadian output to...

🇺🇸❗️Cable FX Macro Weekly Note: April Core PCE Deflator

Rosbel Durán

May 30

🇺🇸❗️Cable FX Macro Weekly Note: April Core PCE Deflator

**As seen in Risk In The Week report 05/26/24,subscribe at cablefxm.co.uk/reports The core PCE deflator rose by 2.7% Y/y in March, faster...

🇪🇺❗️Cable FX Macro Weekly Note: EU May Flash CPI

Rosbel Durán

May 30

🇪🇺❗️Cable FX Macro Weekly Note: EU May Flash CPI

**As seen in Risk In The Week report 05/26/24,subscribe at cablefxm.co.uk/reports Eurozone inflation has dropped to levels closer to the...

📆Friday Session Docket: EU Flash CPI, U.S. PCE, Canada GDP

Rosbel Durán

May 30

📆Friday Session Docket: EU Flash CPI, U.S. PCE, Canada GDP

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Economic calendar sees EU flash CPI, US core PCE deflator, Canada...

🇨🇳❗️Cable FX Macro Weekly Note: China May Mfg PMI

Rosbel Durán

May 30

🇨🇳❗️Cable FX Macro Weekly Note: China May Mfg PMI

**As seen in Risk In The Week report 05/26/24,subscribe at cablefxm.co.uk/reports April China's manufacturing PMI printed at 50.4 vs the...

📆Thursday Session Docket: GDP Revision, Jobless Claims, Pending Home Sales

Rosbel Durán

May 29

📆Thursday Session Docket: GDP Revision, Jobless Claims, Pending Home Sales

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Economic calendar sees Sweden GDP, Switzerland GDP, Eurozone...

RPT--🇦🇺❗️Cable FX Macro Weekly Note: Australia April Consumer Prices

Rosbel Durán

May 29

RPT--🇦🇺❗️Cable FX Macro Weekly Note: Australia April Consumer Prices

**As seen in Risk In The Week report 05/26/24, subscribe at cablefxm.co.uk/reports March consumer prices rose by 3.5% Y/y, this was...

Rosbel Durán

May 28

📝❗️Cable FX Macro Weekly Note

**As seen in Risk In The Week report 05/26/24, subscribe at cablefxm.co.uk/reports This week: Australia CPI China PMI EU Flash CPI U.S....

💵🔻Dollar Posts Second Consecutive Weekly Loss: Cable FX Macro

Rosbel Durán

May 26

💵🔻Dollar Posts Second Consecutive Weekly Loss: Cable FX Macro

Our measure of the dollar posted a consecutive weekly decline, giving up 0.3%. We had seen gains into the FOMC minutes extend before a...

❗️🇯🇵Cable FX Macro Weekly Note: Japan April Consumer Prices

Rosbel Durán

May 23

❗️🇯🇵Cable FX Macro Weekly Note: Japan April Consumer Prices

**As seen in Risk In The Week report 05/20/24, subscribe at cablefxm.co.uk/reports Japan headline CPI eased in March to 2.7% Y/y from the...

📆Friday Session Docket: U.K. Retail Sales, Canada Retail Sales, U.S. UoM, Fed’s Waller

Rosbel Durán

May 23

📆Friday Session Docket: U.K. Retail Sales, Canada Retail Sales, U.S. UoM, Fed’s Waller

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

💹UST-JGB Premium Holding Despite JGB2y Drop: Cable FX Macro

Rosbel Durán

May 23

💹UST-JGB Premium Holding Despite JGB2y Drop: Cable FX Macro

The Japanese rates space has been pressured since the start of the year, 2yr JGBs have risen an impressive 30bps YTD to reach the highest...

💶🔻EUR/USD Trading Ranges Turn Lower Despite Policy Divergence: Cabe FX Macro

Rosbel Durán

May 23

💶🔻EUR/USD Trading Ranges Turn Lower Despite Policy Divergence: Cabe FX Macro

Monetary policy divergence like what we have seen in the BoJ-Fed has proven to be a strong directional driver of FX rates. The ECB is set...

🏦🇺🇸Fed Speak Sentiment Turns Hawkish After May Minutes: Cable FX Macro

Rosbel Durán

May 23

🏦🇺🇸Fed Speak Sentiment Turns Hawkish After May Minutes: Cable FX Macro

A measure of Fed communications sentiment is turning higher or hawkish after the release of the May meeting minutes. The latest...

📝NVDA Earnings Not Enough to Lift Overall U.S. Equities: UBS

Rosbel Durán

May 23

📝NVDA Earnings Not Enough to Lift Overall U.S. Equities: UBS

Nvidia; as expected; delivered strong EPS. The stock is up about 8.5%, which is largely in-line with the options-implied earnings move....

📝U.K. Monthly Core CPI Readings Suggest Prices Won’t Meet Target: Commerzbank

Rosbel Durán

May 23

📝U.K. Monthly Core CPI Readings Suggest Prices Won’t Meet Target: Commerzbank

Given the latest inflation figures, this is certainly a big plus. Even though inflationary pressures are slowly easing, it is...

📝Fed Holds A Relatively Small Share Of Public Debt: Wells Fargo

Rosbel Durán

May 23

📝Fed Holds A Relatively Small Share Of Public Debt: Wells Fargo

The optimal size and composition of each central bank balance sheet across the G7 is beyond the scope of this report. That said, we...

🏦🔻Swaps Pushed First BoE Rate Cut Pricing to November: Cable FX Macro

Rosbel Durán

May 22

🏦🔻Swaps Pushed First BoE Rate Cut Pricing to November: Cable FX Macro

A busy U.K. docket on Wednesday is over, and we are set to receive preliminary PMIs ahead, so far, the data has led to traders pushing...