FX:MACRO - Week 33/2023

"Trading in the summer: where excitement takes a vacation."

Welcome to issue #68 of fx:macro!

I will be taking a small semi-vacation for the next two weeks, so expect a newsletter without the Summary Table and the Market Outlook.

There's a lot of material in this newsletter, so I included a Summary table with the most important info in one place. Everything you find there is derived from data and news in the accompanying PDFs. It's not necessary to go through them all but they provide a lot of depth and background. Skip them if you're short on time or just read the ones that are relevant for you.

If you like this newsletter please consider sharing or forwarding it to others who might be interested in it. I'm also on Twitter @fxmacroguy if you want to reach out.

Summary

Research folder with all material: Google Drive

Playbook

This is the shortest possible summary of everything you will find in the rest of this newsletter. Please check out this article about what this summary aims to provide and what its limitations are. Click here for the difftext from last week.

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Currency Drivers

For an explanation check out this link.

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Week in Review

Central bank speaker recap for the week: Download PDF

Review of central bank events and economic data for this week: Download PDF

• BOJ Summary of Opinions

• Currency reactions to economic releases

Market Analysis

• Download PDF

• Summary table, currency drivers, economic calendar, FX levels

• Charts and data on growth, inflation, interest rates, central banks, equity sectors, sentiment and positioning, market risks and more

Additional Material

Cental bank overview with the summaries of each of the latest rate decisions, rate statements and minutes: Download PDF

Central bank meeting preps for next week’s events with latest rate decision, statement, press conference and minutes, economic data since the last rate decision and summarized comments from every speaker:

• RBNZ: Download PDF

Intraday seasonalities for currencies and major assets: Download PDF

Commitment of Traders for the relevant futures: Download PDF