Blog | Cable FX Macro

📈Dollar Posts Best Week Since September 2022: Cable FX Macro

Apr 13, 2024

📈Dollar Posts Best Week Since September 2022: Cable FX Macro

Our measure of the dollar, the Cable FX Macro Dollar Index <.RDDXY>, traded in losses as it headed into tier-1 data. Weakness reversed...

💶Euro Downside Demand Rises The Most In More Than A Year: Cable FX Macro

Rosbel Durán

Apr 12, 2024

💶Euro Downside Demand Rises The Most In More Than A Year: Cable FX Macro

G10FX/USD downside demand was seen across the board, EUR/USD sort-term risk reversals fell for the third consecutive session on a week...

🏦🇪🇺Desk Commentary: ECB April Rate Decision

Rosbel Durán

Apr 12, 2024

🏦🇪🇺Desk Commentary: ECB April Rate Decision

Natixis: Data released since the last meeting “broadly confirmed” the ECB’s medium-term inflation outlook of a “gradual diminishing price...

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

Rosbel Durán

Apr 11, 2024

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

**As seen in Risk In The Week report 04/05/24, subscribe at cablefxm.co.uk/reports Swedish February headline consumer prices slowed to...

🇺🇸🔺U.S. Inflation Diverging From G10: Cable FX Macro

Rosbel Durán

Apr 11, 2024

🇺🇸🔺U.S. Inflation Diverging From G10: Cable FX Macro

The chart below compares U.S. headline CPI vs the average G10 inflation. This isn't the first time in the post-pandemic era that American...

📆Friday Session Docket: Sweden CPI, U.K. GDP, U.S. Consumer Sentiment

Rosbel Durán

Apr 11, 2024

📆Friday Session Docket: Sweden CPI, U.K. GDP, U.S. Consumer Sentiment

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Friday economic calendar holds Sweden prices, U.K. IP and GDP...

🏦❗️Cable FX Macro Weekly Note: ECB April Rate Decision

Rosbel Durán

Apr 11, 2024

🏦❗️Cable FX Macro Weekly Note: ECB April Rate Decision

**As seen in Risk In The Week report 04/05/24, subscribe at cablefxm.co.uk/reports The ECB left rates unchanged in March, the main refi...

⚖️🔻U.S. 5s30s Curve Flattens to Lowest Level Since December: Cable FX Macro

Rosbel Durán

Apr 11, 2024

⚖️🔻U.S. 5s30s Curve Flattens to Lowest Level Since December: Cable FX Macro

The hot March CPI print saw Treasury yields rising to extend fresh 2024 highs, the 10-year yield held above 4.50% after a $39bln note...

💵🔺Dollar Posts Best Session Since Mid-February: Cable FX Macro

Rosbel Durán

Apr 10, 2024

💵🔺Dollar Posts Best Session Since Mid-February: Cable FX Macro

Our measures of the dollar vs G10 peers is up 1.4% on the day, this is the best session since mid-February, when the January CPI was...

📝We Now Expect Two Fed Rate Cuts In 2024: Wells Fargo

Rosbel Durán

Apr 10, 2024

📝We Now Expect Two Fed Rate Cuts In 2024: Wells Fargo

While the disinflationary tailwind from goods is likely to peter out as the year progresses, slower growth in services prices should keep...

RPT—🏦🇨🇦Cable FX Macro Weekly Note: BoC April Rate Decision

Rosbel Durán

Apr 10, 2024

RPT—🏦🇨🇦Cable FX Macro Weekly Note: BoC April Rate Decision

**As seen in Risk In The Week report 04/05/24, subscribe at cablefxm.co.uk/reports The BoC held interest rates at 5% in March, this was...

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

Rosbel Durán

Apr 9, 2024

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

**As seen in Risk In The Week report 04/05/24, subscribe at cablefxm.co.uk/reports U.S. February consumer prices rose 3.2% Y/y, the...

📅Wednesday Session Docket: Norway CPI, U.S. CPI, BoC

Rosbel Durán

Apr 9, 2024

📅Wednesday Session Docket: Norway CPI, U.S. CPI, BoC

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Wednesday's session sees inflation figures from Norway and the...

💹USD/JPY Tends to Move By 5Bf On FX Intervention: Cable FX Macro

Rosbel Durán

Apr 9, 2024

💹USD/JPY Tends to Move By 5Bf On FX Intervention: Cable FX Macro

We do not have a decent sample size for Japanese authorities' FX interventions, but we can look at the 2022 rate checks and Q3/Q4...

🛢️💱CAD Detached From Crude Oil: Cable FX Macro

Rosbel Durán

Apr 9, 2024

🛢️💱CAD Detached From Crude Oil: Cable FX Macro

Crude oil futures have posted gains every month of 2024, March's 6.3% rise was the best performance seen since September. The rally has...

📈EUR/CHF Close Above 100 WMA For First Time Since 2021: Cable FX Macro

Rosbel Durán

Apr 9, 2024

📈EUR/CHF Close Above 100 WMA For First Time Since 2021: Cable FX Macro

Swiss franc weakness has not been isolated to high-beta FX and the dollar, the euro is set to close its 10th consecutive week of gains vs...

📝Revising Our 2024 Gold Forecast Higher: ING Strategy

Rosbel Durán

Apr 9, 2024

📝Revising Our 2024 Gold Forecast Higher: ING Strategy

We expect gold prices to trade higher this year as safe-haven demand continues to be supportive amid geopolitical uncertainty with the...

📝No Game Changer Into The RBNZ Meeting: ANZ

Rosbel Durán

Apr 9, 2024

📝No Game Changer Into The RBNZ Meeting: ANZ

There has been nothing to move the dial on the data front in recent weeks, so we are expecting a reiteration of the key messages from the...

Rosbel Durán

Apr 9, 2024

📝Cable FX Macro Weekly Note

**As seen in Risk In The Week report 04/05/24, subscribe at cablefxm.co.uk/reports This week: RBNZ OCR Decision U.S. CPI BoC O/N Rate...

🐍🦅Leveraged Funds Add Mexican Peso Bullish Bets: Cable FX Macro

Rosbel Durán

Apr 8, 2024

🐍🦅Leveraged Funds Add Mexican Peso Bullish Bets: Cable FX Macro

The latest weekly CFTC data showed leveraged funds adding to Mexican peso contracts, the net long position increased to 51.4k, the...