Daily Look

Yesterday was a day when markets were clearly on the defensive, with the trigger (the fall in China PMI) in some ways not justifying the moves, but nevertheless highlighting the …

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What matters more for FX than anything else is diverging interest rate trends. More specifically, economies going in different directions and their respective central banks raising and cutting interest rates …

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Idea of the Day The CAD has been the weakest currency on the majors so far this year, USDCAD rising to a 4 and a half year high above the …

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Idea of the Day One of the most consistent trends in FX last year was AUDNZD, in contrast to both the yen and Aussie versus the US dollar, both of …

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Idea of the Day The swath of data from China released overnight had only minimal impact on FX markets for two reasons. Firstly, the key GDP release was broadly in …

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Across the global financial markets, investors are looking the gift horse in the mouth this morning. After a string of disappointing earnings releases from major US retailers and banks, traders …

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Idea of the Day Interesting moves on the euro yesterday, which underline our view that you have to look beyond simple what the ECB is doing and saying and see …

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Idea of the Day The Aussie defied expectations in the early part of the year, but the correction yesterday and the jobs data overnight have turned it around substantially. The …

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Idea of the Day The first half of January saw FX markets move against the conventional wisdom for the year as whole. The dollar was not universally stronger because of …

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Idea of the Day Sterling was feeling a little heavy yesterday, with cable pulling back from the 1.65 level early on. The key is how long the stronger recovery story …

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