Weekly FX Chartbook: US CPI and FOMC dot plot have a low dovish bar
Charu Chanana
Chief Investment Strategist
Key points:
- USD: Upside remains limited after post-NFP gains
- EUR: EU election jitters could settle
- GBP: Resilience pursued amid UK elections
- JPY: BOJ could signal a July rate hike
- XAU: PBOC’s brakes on gold buying could mean demand shift
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Recent FX articles and podcasts:
- 30 May: JPY: Intervention fears clash with carry trade attractiveness
29 May: AUD: Hot inflation reaffirms rate cuts remain some way off
- 7 May: AUD: RBA fails to meet the hawkish expectations
- 3 May: JPY: Staying on intervention alert
- 30 Apr: AUD: Retail sales miss questions RBA market pricing
- 26 Apr: JPY: Bank of Japan adds to reasons to stay bearish yen
- 25 Apr: JPY: Accelerated sell-off; can the BOJ halt yen's decline?
- 25 Apr: Thematic Podcast: Deciphering Asian forex interventions
- 23 Apr: GBP: What can drive the next leg lower?
- 18 Apr: JPY: Intervention alert, or a BOJ alert?
- 16 Apr: Chinese Yuan’s Double Whammy - Dollar Strength and Yen Weakness
- 9 Apr: CAD vulnerable as market underprices dovish Bank of Canada risks
Recent Macro articles and podcasts:
- 3 Jun: Macro Podcast: It is a rate cut week
- 28 May: Macro Podcast: When speech trump numbers
- 16 May: US CPI: Putting a September Fed Rate Cut Back in Play
- 14 May: US inflation report: How to trade the event
- 8 May: Bank of England preview: Rate cuts in mind, but patience required
- 2 May: Fed Decision: High-for-longer, not higher-for-longer
- 30 Apr: FOMC rate decision: How to trade the event
- 29 Apr: Macro Podcast: Japanese drama - what's next for the yen?
- 12 Apr: Riding the Fed-ECB Policy Divergence
- 11 Apr: ECB rate decision: How to trade the event
Weekly FX Chartbooks:
- 3 Jun: Weekly FX Chartbook: ECB and Bank of Canada likely to cut rates
27 May: Weekly FX Chartbook: Fresh USD upside from hawkish bolts and trade threats
13 May: Weekly FX Chartbook: US CPI and US-China trade tensions on the radar
29 Apr: Weekly FX Chartbook: Fed’s hawkishness meets BOJ’s dovishness
- 22 Apr: Weekly FX Chartbook: Stretched USD strength is raising intervention alert
FX 101 Series: