Weekly FX Chartbook: Mega Week Ahead - Fed, BOJ, Bank of England, Australia and Eurozone CPI, Big Tech Earnings
Charu Chanana
Chief Investment Strategist
Key points:
- USD: The Fed may find it hard to meet market’s dovish expectations
- JPY: Volatility risks remain high with Fed-BOJ policy divergence in focus
- GBP: Overbought positioning could be a risk going into close-call BOE meeting
- AUD: Any hints of hot inflation can spur further RBA rate hike bets
- CNH: Economic and tariff risks continue to escalate
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Recent FX articles and podcasts:
- 26 Jul: US PCE Preview: Key to Fed’s Rate Cuts
- 25 Jul: Carry Unwinding in Japanese Yen: The Current Dynamics and Global Implications
- 23 Jul: Bank of Canada Preview: More Cuts on the Horizon
- 16 Jul: JPY: Trump Trade Could Bring More Weakness
- 11 Jul: AUD and GBP: Potential winners of cyclical US dollar weakness
- 3 Jul: Yuan vs. Yen vs. Franc: Shifting Carry Trade Strategies
- 2 Jul: Quarterly Outlook: Risk-on currencies to surge against havens
- 26 Jun: AUD, CAD: Inflation Rising, Can Central Banks Stay on Pause?
- 21 Jun: JPY: Three-Way Pressure Piling Up
- 20 Jun: CNH: China Authorities Loosening their Grip, But Devaluation Unlikely
- 19 Jun: CHF: Temporary Haven Flows Unlikely to Fuel SNB Rate Cut
- 18 Jun: GBP: UK CPI Details and Elections Will Keep BOE on Hold
- 13 Jun: BOJ Preview: Tapering and Rate Hike Talk Not Enough to Boost JPY
- 10 Jun: EUR: Election jitters and ECB rate cut add to downside pressures
Recent Macro articles and podcasts:
- 25 Jul: Equity Market Correction: How to Position for Turbulence?
- 24 Jul: Powell Put at Play: Rotation, Yen and Treasuries
- 22 Jul: Biden Out, Harris In: Markets Reassess US Presidential Race and the Trump Trade
- 8 Jul: Macro Podcast: What a French election upset means for the Euro
- 4 Jul: Special Podcast: Quarterly Outlook - Sandcastle economics
- 1 Jul: Macro Podcast: Politics are taking over macro
- 28 Jun: UK Elections: Markets May Be Too Complacent
- 24 Jun: Macro Podcast: Is it time to diversify your portfolio?
- 12 Jun: France Election Turmoil: European Equities Amidst the Upheaval
- 11 Jun: US CPI and Fed Previews: Delays, but Dovish
- 10 Jun: Macro Podcast: Nonfarm payroll shatters expectations - how will the Fed react?
- 3 Jun: Macro Podcast: It is a rate cut week
Weekly FX Chartbooks:
- 22 Jul: Weekly FX Chartbook: Election Volatility and Tech Earnings Take Centre Stage
- 15 Jul: Weekly FX Chartbook: September Rate Cuts and the Rising Trump Trade
- 8 Jul: Weekly FX Chartbook: Focus Shifting Back to Rate Cuts
- 1 Jul: Weekly FX Chartbook: Politics Still the Key Theme in Markets
FX 101 Series: