Blog | Cable FX Macro

📆Tuesday Session Docket: S&P Global PMIs, U.S. New Home Sales

Apr 22, 2024

📆Tuesday Session Docket: S&P Global PMIs, U.S. New Home Sales

**As seen in Online Tools>Calendar, cablefxm.co.uk/reports Economic calendar holds a batch of S&P Global PMIs, U.S. retail sales...

📝We Are Negative On MXN, See Peso At 18.20 By End Of Year: BBVA Strategy

Rosbel Durán

Apr 22, 2024

📝We Are Negative On MXN, See Peso At 18.20 By End Of Year: BBVA Strategy

Since our Asset Allocation released in November 2023, the economic balance of risks has moved to the downside as the economy could...

⚖️🇦🇺Rate Differentials Point to Lower AUD/USD: Cable FX Macro

Rosbel Durán

Apr 22, 2024

⚖️🇦🇺Rate Differentials Point to Lower AUD/USD: Cable FX Macro

Front-end yields spreads are holding to their 2024 downtrend, the differential has favored the dollar and is now at the lowest since...

🏦📊Fed Pricing Trims Easing Bets to New Lows: Cable FX Macro

Rosbel Durán

Apr 22, 2024

🏦📊Fed Pricing Trims Easing Bets to New Lows: Cable FX Macro

Swaps pricing for the Federal Reserve 2024 easing reached new lows on Friday, there are about 40bps of rate cuts priced in by the end of...

🔻Magnificent 7 Underperformed S&P 500 Index Into Earnings Week: Cable FX Macro

Rosbel Durán

Apr 22, 2024

🔻Magnificent 7 Underperformed S&P 500 Index Into Earnings Week: Cable FX Macro

A basket composed of the magnificent 7 stocks underperformed the equity benchmark last week, according to data compiled by Bloomberg. The...

🛢️🔺Disinflationary Support From Commodity Prices Is Fading: Cable FX Macro

Rosbel Durán

Apr 18, 2024

🛢️🔺Disinflationary Support From Commodity Prices Is Fading: Cable FX Macro

The chart below shows U.S. CPI, PPI, and a measure of global commodity prices constructed by Bloomberg, all indexes are plotted in Y/y...

⚖️ 💵Dollar Trades In Line With Rate Spreads: Cable FX Macro

Rosbel Durán

Apr 18, 2024

⚖️ 💵Dollar Trades In Line With Rate Spreads: Cable FX Macro

The dollar is extending gains on Friday AsiaPac session, and while the move is currently supported by risk aversion, we are noting rate...

📆Friday Session Docket: U.K. Retail Sales, Japan CPI

Rosbel Durán

Apr 18, 2024

📆Friday Session Docket: U.K. Retail Sales, Japan CPI

**As seen in Online Tools>Calendar, cablefxm.co.uk/reports Light docket on Friday with releases from the U.K. and Japan We will hear from...

📝We Now Expect BoC to Keep Rates High For Longer: BMO

Rosbel Durán

Apr 18, 2024

📝We Now Expect BoC to Keep Rates High For Longer: BMO

We still expect policy rate reductions to start around mid-year, but we now look for slower rate cut cadences that will end at higher...

RPT--🇦🇺❗️Cable FX Macro Weekly Note: Australia March Labor Report

Rosbel Durán

Apr 18, 2024

RPT--🇦🇺❗️Cable FX Macro Weekly Note: Australia March Labor Report

**As seen in Risk In The Week report 04/15/24, subscribe at cablefxm.co.uk/reports The Australian economy added 116.5K jobs in February,...

📝Lifting Our Australia 1Q CPI Forecast to 0.8% Q/q: Westpac

Rosbel Durán

Apr 17, 2024

📝Lifting Our Australia 1Q CPI Forecast to 0.8% Q/q: Westpac

For the March quarter Consumer Price Index (CPI), Westpac has lifted its forecast from 0.7% to 0.8%. Due to base effects (a much larger...

💷Rate Spreads Suggest Lower GBP/USD: Cable FX Macro

Rosbel Durán

Apr 17, 2024

💷Rate Spreads Suggest Lower GBP/USD: Cable FX Macro

There is currently about a 46bps premium in 2y UST rates compared to U.K. Gilts, the spread favouring U.S. rates is now at the highest...

🇺🇸🔺A Second Round Of High Inflation Could Peak In 2027: Cable FX Macro

Rosbel Durán

Apr 17, 2024

🇺🇸🔺A Second Round Of High Inflation Could Peak In 2027: Cable FX Macro

The chart below compares the actual U.S. headline CPI to the high-inflation cycle of the 1970s. In recent months, we have seen prices...

📅Wednesday Session Docket: U.K. CPI, EU CPI, BoE's Bailey

Rosbel Durán

Apr 16, 2024

📅Wednesday Session Docket: U.K. CPI, EU CPI, BoE's Bailey

**As seen in Online Tools>Calendar, cablefxm.co.uk/reports The economic calendar holds inflation prints from the U.K. and Europe, we will...

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

Rosbel Durán

Apr 16, 2024

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

**As seen in Risk In The Week report 04/14/24, subscribe at cablefxm.co.uk/reports U.K. headline CPI slowed to rise by 3.4% Y/y, this was...

🇳🇿❗️Cable FX Macro Weekly Note: N.Z. 1Q Consumer Prices

Rosbel Durán

Apr 16, 2024

🇳🇿❗️Cable FX Macro Weekly Note: N.Z. 1Q Consumer Prices

**As seen in Risk In The Week report 04/14/24, subscribe at cablefxm.co.uk/reports New Zealand 4Q consumer prices slipped to 0.5% Q/q...

RPT--🇨🇦❗️Cable FX Macro Weekly Note: Canada March Consumer Prices

Rosbel Durán

Apr 16, 2024

RPT--🇨🇦❗️Cable FX Macro Weekly Note: Canada March Consumer Prices

**As seen in Risk In The Week report 04/14/24, subscribe at cablefxm.co.uk/reports Canada headline consumer prices eased to 2.8% Y/y in...

📅Tuesday Session Docket: U.K. Employment, U.S. Housing, Canada CPI

Rosbel Durán

Apr 15, 2024

📅Tuesday Session Docket: U.K. Employment, U.S. Housing, Canada CPI

**As seen in Online tools>Calendar, cablefxm.co.uk/reports Ahead: Economic calendar sees U.K. labour figures, U.S. housing,Canada CPI,...

🇨🇳❗️Cable FX Macro Weekly Note: China 1Q GDP Growth

Rosbel Durán

Apr 15, 2024

🇨🇳❗️Cable FX Macro Weekly Note: China 1Q GDP Growth

**As seen in Risk In The Week report 04/14/24, subscribe at cablefxm.co.uk/reports China's fourth-quarter output expanded by 5.2% Y/y and...

Rosbel Durán

Apr 15, 2024

❗️📝 Cable FX Macro Weekly Note

**As seen in Risk In The Week report 04/14/24, subscribe at cablefxm.co.uk/reports This week: China GDP Growth Canada Inflation Rate U.K....