Blog | Cable FX Macro

Apr 8, 2024

📅Tuesday Session: Light Docket

**As seen in Online Tools>Calendar, subscribe at cablefxm.co.uk/reports Tuesday's session sees ECB's Bank Lending Survey and U.S. NFIB...

Rosbel Durán

Apr 8, 2024

⚠️💵Dollar Profile Seems to Be Back: Cable FX Macro

We had recently noted the dollar losing grip of its long-term profile vs the volatility benchmark, the greenback rose despite the...

📝See EUR/USD Trading In 1.04-1.12 Range Over The Next 6-18 Months: Rabobank Strategy

Rosbel Durán

Apr 5, 2024

📝See EUR/USD Trading In 1.04-1.12 Range Over The Next 6-18 Months: Rabobank Strategy

The consensus view at the start of this year was that US inflationary headwinds would ease, yields would fall and the Fed would cut...

📊Services Jobs Remain Strong In March: Cable FX Macro

Rosbel Durán

Apr 5, 2024

📊Services Jobs Remain Strong In March: Cable FX Macro

**As seen in Online Tools>NFP Dashboard, subscribe at cablefxm.co.uk/reports The March jobs report showed leisure and hospitality adding...

🇺🇸💼Economists Remain Pessimistic On U.S. Labour Market: Cable FX Macro

Rosbel Durán

Apr 5, 2024

🇺🇸💼Economists Remain Pessimistic On U.S. Labour Market: Cable FX Macro

The March headline job count topped the highest of economists' estimates at 303K while the prior two-month revision added 22K jobs...

🔻💵Dollar Pares Post NFP Gains: Cable FX Macro

Rosbel Durán

Apr 5, 2024

🔻💵Dollar Pares Post NFP Gains: Cable FX Macro

The dollar spiked higher on the release of the U.S. jobs report, the headline topped all estimates at +303K, the gains were not uniform...

🇺🇸❗️Cable FX Macro Weekly Note: U.S. March Non Farm Payrolls

Rosbel Durán

Apr 4, 2024

🇺🇸❗️Cable FX Macro Weekly Note: U.S. March Non Farm Payrolls

**As seen in Risk In The Week report 03/30/24, subscribe at cablefxm.co.uk/reports Another upside surprise was recorded in February,...

RPT--🇺🇸❗️U.S. ISM Svcs Prices Paid Post Worst 2-Month Run Since 2008: Cable FX Macro

Rosbel Durán

Apr 4, 2024

RPT--🇺🇸❗️U.S. ISM Svcs Prices Paid Post Worst 2-Month Run Since 2008: Cable FX Macro

Since early 2022, the services sector has been outperforming manufacturing consistently, with short periods of convergence. The spread is...

💹Consensus Expects Yen Strengthening 10BF By Year-End: Cable FX Macro

Rosbel Durán

Apr 4, 2024

💹Consensus Expects Yen Strengthening 10BF By Year-End: Cable FX Macro

Analysts do not expect USD/JPY to extend gains for the remainder of the year, as the consensus sees declines in the cross. The median...

RPT--🇨🇭❗️Cable FX Macro Weekly Note: Switzerland March Consumer Prices

Rosbel Durán

Apr 4, 2024

RPT--🇨🇭❗️Cable FX Macro Weekly Note: Switzerland March Consumer Prices

**As seen in Risk In The Week report 03/30/24, subscribe at cablefxm.co.uk/reports An upside surprise materialized in February Swiss...

📝Expect AUD/GBP to Rise to 0.54-0.55 By End Of Year: Westpac Strategy

Rosbel Durán

Apr 4, 2024

📝Expect AUD/GBP to Rise to 0.54-0.55 By End Of Year: Westpac Strategy

AUD/GBP has been contained to a narrow 0.51-0.52 lateral range recently. Conflicting yield and commodity price signals appear to be...

📝U.S. Services Prices Need to Slow Further to Keep Inflation On Track: Wells Fargo

Rosbel Durán

Apr 4, 2024

📝U.S. Services Prices Need to Slow Further to Keep Inflation On Track: Wells Fargo

We expect inflation to move lower throughout the year, but progress will be more of a grind ahead. Slower growth in goods prices has...

📝Sticking to Our Base Case BoE August Rate Cut: ING

Rosbel Durán

Apr 4, 2024

📝Sticking to Our Base Case BoE August Rate Cut: ING

A June rate cut is getting more likely, though we think it’s still far from guaranteed. For now, our base case is August; it’ll come down...

⚖️🇺🇸U.S. Yields Reach 2024 Highs, Long-End Leads: Cable FX Macro

Rosbel Durán

Apr 2, 2024

⚖️🇺🇸U.S. Yields Reach 2024 Highs, Long-End Leads: Cable FX Macro

U.S. Treasury yields reached YTD highs on Tuesday session before paring the upside. The front-end gave back all losses and yields...

📝Now Expect BoJ Rate Hikes In Jan-Mar 2025: MUFJ

Rosbel Durán

Apr 2, 2024

📝Now Expect BoJ Rate Hikes In Jan-Mar 2025: MUFJ

Our macro team has recently revised its forecast for the Japanese economy in light of the higher-than-expected wage hike rates emerging...

🔺USD/CHF Tops Highest Since November: Cable FX Macro

Rosbel Durán

Apr 2, 2024

🔺USD/CHF Tops Highest Since November: Cable FX Macro

USD/CHF is closing Tuesday trading shy of 0.9100, the franc is down 0.4% on the day. The spot rate had seen 0.9091 earlier, this is the...

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

Rosbel Durán

Apr 2, 2024

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

**As seen in Risk In The Week report 03/30/24, subscribe at cablefxm.co.uk/reports European February headline consumer prices stayed...

RPT--🇺🇸❗️Cable FX Macro Weekly Note: ISM Manufacturing PMI

Rosbel Durán

Apr 1, 2024

RPT--🇺🇸❗️Cable FX Macro Weekly Note: ISM Manufacturing PMI

**As seen in Risk In The Week report 04/01/24, subscribe at cablefxm.co.uk/reports The ISM manufacturing PMI eased from 49.1 to 47.8 in...

⚖️🇺🇸U.S. 10-Year Yield Saw Marginal Decline In March, Curve Flattens: Cable FX Macro

Rosbel Durán

Apr 1, 2024

⚖️🇺🇸U.S. 10-Year Yield Saw Marginal Decline In March, Curve Flattens: Cable FX Macro

The third month of the year failed to see the 10-year benchmark yield extend higher from February, rates bid saw the yield decline 5bps...

🔺💵Dollar Extended Weekly Gains Into EoQ: Cable FX Macro

Rosbel Durán

Apr 1, 2024

🔺💵Dollar Extended Weekly Gains Into EoQ: Cable FX Macro

The dollar has been leading the G10 over the first quarter of the year, and the last week of trading was no exception, our measure of USD...