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⚠️💶Euro Front-End Real Vol Below Implied Into ECB: Cable FX Macro
Heading into the ECB, 1w implied volatility in EUR/USD remains relatively calm at 7.08%, O/N vol stands above average but off session...

Rosbel Durán
Oct 25, 2023


🎈 Earnings Surprises Below 2Q, 30% Of S&P 500 Reported: Cable FX Macro
146 companies of the S&P 500 index have reported earnings, 78% of reported companies have turned in positive earnings surprises. However,...

Rosbel Durán
Oct 25, 2023


📝 Eurozone Fragmentation Risks Have Resurfaced: Rabobank
Due to the war, fragmentation risks have also resurfaced. This could impair the uniform transmission of the current policy setting. There...

Rosbel Durán
Oct 25, 2023


📝Do Not Expect Additional Rate Hikes From BoC: ING
We don’t think additional rate hikes will happen though. As the BoC admits, employment growth is rising more slowly than the labour force...

Rosbel Durán
Oct 25, 2023


📝U.K. And Europe Methodology Seem to Underestimate Inflation: UBS
The BoC flagged shelter price inflation differences across DM countries. It notes the UK and Europe are the only two DM areas which do...

Rosbel Durán
Oct 25, 2023


📝Expect U.S. Real GDP Rising 5.0% In Q3: Wells Fargo
The U.S. economy's resilience will likely be on full display in the third quarter's advance GDP print. Consumer spending kicked off the...

Rosbel Durán
Oct 25, 2023


🏦🇨🇦Cable FX Macro Weekly Note: BoC October Rate Decision
**As seen in Risk In The Week report 10/20/23, subscribe at cablefxm.co.uk/reports Last month, the Bank of Canada held rates unchanged at...

Rosbel Durán
Oct 25, 2023


🇦🇺❗️Cable FX Macro Weekly Note: Australia Q3 Consumer Prices
**As seen in Risk In The Week report 10/20/23, subscribe at cablefxm.co.uk/reports Australia Q2 consumer prices eased to 0.8% Q/q from...

Rosbel Durán
Oct 24, 2023


⚠️💵 Dollar Moves -/+ 1% As VIX Holds Above Long-Term Avg.: Cable FX Macro
For the last 10-years, the CBOE VIX Index holds an average of 18.0. While it recently broke above 20.0 to fade the upside, the volatility...

Rosbel Durán
Oct 24, 2023


📊🇺🇸Region Divergence Widens In October On Soft EU PMI: Cable FX Macro
France Oct. HCOB Flash Composite PMI 45.3; Est 44.6 Germany Oct. HCOB Flash Composite PMI 45.8; Est 46.6 Eurozone Oct. HCOB Flash...

Rosbel Durán
Oct 24, 2023


📝 CNY Bearish Pressures to Decrease In 4Q: J.P. Morgan FX Strategy
CNY FX has been pressured by Chinas cyclical uncertainty and elevated core rates vol for the better part of this year. 3Q saw some...

Rosbel Durán
Oct 24, 2023


📅Tuesday Session Docket: U.K. Labour, S&P Global PMIs, EA Bank Lending Survey
**As seen in Eco Calendar 10/20/23, subscribe at cablefxm.co.uk/reports Exp = Bloomberg survey median Economic calendar holds U.K. labour...

Rosbel Durán
Oct 23, 2023


🇲🇽❗️Cable FX Macro Weekly Note: Mexico Bi-Weekly Consumer Prices
**As seen in Risk In The Week report 10/20/23, subscribe at cablefxm.co.uk/reports Bi-weekly headline prices increased by 4.47% Y/y,...

Rosbel Durán
Oct 23, 2023


📝 Growth Factor Performance Looks Disconnected From Fundamentals: Barclays Strategy
US growth exceptionalism continues, but we are seeing signs of stabilization in Europe and China, too, which is helpful. Manufacturing is...

Rosbel Durán
Oct 23, 2023


📝Recommend DXY Longs @ 105.55, Stop @104.90: Westpac Strategy
We recommend DXY longs at 105.55, near last week's lows, targeting fresh highs at 108.00, with a stop at 104.90. We favour entering on...

Rosbel Durán
Oct 23, 2023


🧮 Leveraged Funds' Treasuries Net Short Remains Extended: Cable FX Macro
**As seen in IMM Positioning report 10/20/23, subscribe at cablefxm.co.uk/reports CFTC data showed relatively marginal changes on FX...

Rosbel Durán
Oct 23, 2023


📝Data Rebound Would Help The Euro More Than A Hawkish ECB: ING FX Strategy
The impact of ECB communication on this differential is generally less significant compared to that of the Fed, and given our...

Rosbel Durán
Oct 23, 2023


📝 Our Q3 CPI Forecast Would Represent An Upside Surprise to RBA's SoMP: NAB
While services inflation is set to remain high, we expect progress on goods disinflation to sustain in Q3. Indeed, all the moderation in...

Rosbel Durán
Oct 23, 2023


⚠️💱 EUR/USD Volatility Premium Rises On Realized Decline: Cable FX Macro
**As seen in Macro Walk report 10/20/23, subscribe at cablefxm.co.uk/repoorts We saw EUR/USD front-end vol rise this week by about 50bps...

Rosbel Durán
Oct 22, 2023


⚖️🔺 Treasuries And Kiwi Sovereign Bonds Lead Curve Steepening: Cable FX Macro
**As seen in Macro Walk report 10/20/23, subscribe at cablefxm.co.uk/repoorts Sovereign debt yield rose across the board as curves...

Rosbel Durán
Oct 22, 2023
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