Posted Oct 24, 3:03

Ebola Fears Flair But They’re Fading

GDP (Q3) (q/q) [P] Oct 24 08:30
GDP (Q3) (y/y) [P] Oct 24 08:30
Core Retail Sales (Sep) (m/m) -0.3%
Core Retail Sales (Sep) (y/y) 3.1%
Retail Sales (Sep) (y/y) 2.7%
21 hours ago: 

The yen tumbled Thursday as it finally caught up with stocks on a report that the Bank of Japan is losing patience in the fight against deflation. The US and Canadian dollars were the top performers. The Asia-Pacific week ends quietly but UK GDP is a highlight later.  The latest Premium trades are 2 USDCHF, while both GBPUSD shorts near deeper in the money after the double disappointment from the BoE minutes and UK retail sales. Tomorrow comes UK Q3 GDP.

Yen crosses ripped higher with USD/JPY touching as high as 108.35 as stocks continued to recover. We wrote that the dollar was likely to play catch up early in the week and the gains coincided with rising Treasury yields.

PREMIUM INSIGHTS Update: Oct 23, 0:36
BoC No Reason to Buy CAD, China PMI Next Oct 22, 2014 23:11: 

The Canadian dollar rallied after the Bank of Canada decision but there was nothing in the documents pointing to a more hawkish BOC. The US dollar led the forex market on the day while the euro lagged. The NZD is lower in early Asia-Pacific trading on CPI data. CAD took the attacks in Canada's parliament in stride, while the major news of the week will likely be tonight's China flash HSBC manufacturing PMI and tomorrow's services PMI from the Eurozone. A new set of Premium Insights will be released tonight. All two GBPUSD remain in progress and nearing the final targets, following the BoE minutes and Thursday's UK retail sales. AUDUSD and NZDJPY also remain in progress.


Connecting the Dots in the Dollar Disconnect Oct 21, 2014 22:53: 

Stocks cheered on Tuesday in the largest gain in a year but the response remains lukewarm in FX and bonds. The Canadian dollar was the top performer while the Swiss franc lagged. The focus will be on the Aussie in the hours ahead with the CPI report due.  Our Premium trades remain AUDUSD, GBPUSD and NZDJPY. A new set of Premium  trades  shall be issued on Wednesday night.