Blog | Cable FX Macro

📝USD Holds Higher Sensitivity to CPI Downside Surprises: J.P. Morgan FX Strategy

May 15, 2024

📝USD Holds Higher Sensitivity to CPI Downside Surprises: J.P. Morgan FX Strategy

while a soft print would corroborate the weaker US payrolls release in the context of precariously-long dollar positioning. Alongside...

🇺🇸❗️Cable FX Macro Weekly Note: U.S. April Consumer Prices

Rosbel Durán

May 14, 2024

🇺🇸❗️Cable FX Macro Weekly Note: U.S. April Consumer Prices

**As seen in Risk In The Week report 05/10/24, subscribe at cablefxm.co.uk/reports March headline prices rose to 3.5% Y/y from the prior...

🇸🇪❗️Cable FX Macro Weekly Note: Sweden April Consumer Prices

Rosbel Durán

May 14, 2024

🇸🇪❗️Cable FX Macro Weekly Note: Sweden April Consumer Prices

**As seen in Risk In The Week report 05/10/24, subscribe at cablefxm.co.uk/reports Sweden consumer prices rose 2.2% Y/y in March, this...

📆Wednesday Session Docket: Sweden CPI, U.S. CPI, U.S. Retail Sales

Rosbel Durán

May 14, 2024

📆Wednesday Session Docket: Sweden CPI, U.S. CPI, U.S. Retail Sales

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Economic docket sees eurozone GDP, Sweden CPI, U.S. retail sales,...

Rosbel Durán

May 14, 2024

📝❗️Cable FX Macro Weekly Note

**As seen in Risk In The Week report 05/10/24, subscribe at cablefxm.co.uk/reports This week: Sweden CPI EU GDP U.S. CPI Australia Labour...

🏦🇺🇸Calendar Spreads Price In Around 40Bps Of Easing Heading Into CPI: Cable FX Macro

Rosbel Durán

May 13, 2024

🏦🇺🇸Calendar Spreads Price In Around 40Bps Of Easing Heading Into CPI: Cable FX Macro

A sharp Fed repricing has taken place over the last couple of months, investors had seen the FOMC cutting rates 6 times this year and the...

🔺💵Dollar Bounces From Prior Weekly Losses: Cable FX Macro

Rosbel Durán

May 13, 2024

🔺💵Dollar Bounces From Prior Weekly Losses: Cable FX Macro

Our measure of the dollar rose on the week to post gains around 0.2%, the Cable FX Macro Dollar Index pared gains after jobless claims...

⚠️💱Vol Sensitivity Increases In Swiss Franc The Most: Cable FX Macro

Rosbel Durán

May 13, 2024

⚠️💱Vol Sensitivity Increases In Swiss Franc The Most: Cable FX Macro

Our monthly update captures G10FX beta to volatility, we look at both nominal and change values. The Swiss franc was the G10 currency...

📝Banxico Hawkish Hold Could Trigger USD/MXN Stops: UBS Strategy

Rosbel Durán

May 9, 2024

📝Banxico Hawkish Hold Could Trigger USD/MXN Stops: UBS Strategy

The communication from Banxicols board had been quite clear that the initial cut was a irecalibration' and they didn't want to signal the...

📝Mexico Inflation Continues to Prove Challenging: Banorte

Rosbel Durán

May 9, 2024

📝Mexico Inflation Continues to Prove Challenging: Banorte

The result was mainly influenced by the 1 st fortnight, noting the 13.0% m/m decline in electricity due to the onset of the summer...

📆Friday Session Docket: U.K. GDP, Norway CPI, Canada Jobs

Rosbel Durán

May 9, 2024

📆Friday Session Docket: U.K. GDP, Norway CPI, Canada Jobs

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports The economic calendar sees Norway CPI, U.K. GDP, U.S. UoM, Canada...

💶Front-End Demand For EUR/USD Downside Holds: Cable FX Macro

Rosbel Durán

May 9, 2024

💶Front-End Demand For EUR/USD Downside Holds: Cable FX Macro

EUR/USD downside is favored in the 1w tenor, while this is marginal it reversed from calls/puts positive premium, something not seen...

⚖️💹Nominal Rate Spreads May Cap USD/JPY Upside: Cable FX Macro

Rosbel Durán

May 9, 2024

⚖️💹Nominal Rate Spreads May Cap USD/JPY Upside: Cable FX Macro

Macroeconomic developments have been driving the recent yen devaluation, as rate differentials favour the dollar against G10 peers....

🇺🇸Jobless Claims Remain Below Post-Pandemic Average: Cable FX Macro

Rosbel Durán

May 9, 2024

🇺🇸Jobless Claims Remain Below Post-Pandemic Average: Cable FX Macro

Today we saw initial jobless claims rise by 22K to 231K, the upside surprise was the largest since the week of January 19th as claims...

🇨🇦❗️Cable FX Macro Weekly Note: Canada April Labour Report

Rosbel Durán

May 9, 2024

🇨🇦❗️Cable FX Macro Weekly Note: Canada April Labour Report

**As seen in Risk In The Week report 05/05/24, subscribe at cablefxm.co.uk/reports The March jobs report showed the Canadian economy...

🇳🇴❗️Cable FX Macro Weekly Note: Norway April Consumer Prices

Rosbel Durán

May 9, 2024

🇳🇴❗️Cable FX Macro Weekly Note: Norway April Consumer Prices

**As seen in Risk In The Week report 05/05/24, subscribe at cablefxm.co.uk/reports Norway March consumer prices extended prior...

📝Expect Another Riksbank Rate Cut In August: SEB

Rosbel Durán

May 8, 2024

📝Expect Another Riksbank Rate Cut In August: SEB

As we expected, the Riksbank cut the policy rate by 25bps to 3.75 per cent in May and signalled that the policy rate forecast in the...

💵🔺Buy & Hold Outperforms Dollar Strategies YTD: Cable FX Macro

Rosbel Durán

May 8, 2024

💵🔺Buy & Hold Outperforms Dollar Strategies YTD: Cable FX Macro

Buying the dollar and holding is the best strategy so far this year, our measure of the USD vs the G10 is tracking gains of 5.5%...

🏦🇺🇸Atlanta Fed GDPNow Rises to Highest 2Q Reading: Cable FX Macro

Rosbel Durán

May 8, 2024

🏦🇺🇸Atlanta Fed GDPNow Rises to Highest 2Q Reading: Cable FX Macro

The latest estimate of the Atlanta Fed GDPNow model sees U.S. 2Q GDP growth rising 4.2%, this is a 0.9pp increase from the May 2...

💹USD/JPY Holds Up Trend, Bounces From 50DMA: Cable FX Macro

Rosbel Durán

May 8, 2024

💹USD/JPY Holds Up Trend, Bounces From 50DMA: Cable FX Macro

Dollar-yen is trading in gains for the third consecutive session after the cross tested its 50DMA. The average is currently at around...