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Institutional-grade FX research, written for you.

A complete research programme, published every business day, that explains what is moving currency markets, why, and what it could mean for your exposures.

  • DailyFX Brief by 07:00 UK
  • WeeklyOutlook every Sunday
  • QuarterlyCurrency forecasts
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Research philosophy

How we think about research.

Currency markets are driven by the relative story between economies: interest rate expectations, growth, inflation, capital flows, risk appetite and politics. Our research starts from that macro foundation and tests it against the data, market pricing and positioning.

Every piece we publish aims to answer three questions:

Q1

What has changed?

The facts, stripped of noise.

Q2

Why does it matter?

The mechanism, explained clearly.

Q3

What could it mean?

Scenarios, risks and the levels we're watching.

Research products

Every publication, in detail.

Every business day

Daily FX Brief

Your morning read before markets get busy. The Daily FX Brief covers the overnight moves across major and emerging currencies, the day's scheduled events and data, and a concise view on the pairs that matter most.

One quarterMonth 1 · Month 2 · Month 3
What it covers
Overnight price action, the economic calendar, central bank commentary, key levels
Format
Concise written note, around a five-minute read
Delivered
Every business day, early morning UK time, by email and client portal
Weekly

Weekly FX Outlook

The week ahead, mapped. We set out the dominant themes, the data and decisions that could change them, and our view on each major currency.

One quarterMonth 1 · Month 2 · Month 3
What it covers
Weekly themes, event risk, currency-by-currency views, the risks to our view
Format
Written report with charts
Delivered
Weekly, before the week opens (see the research week)
Monthly

Monthly Macro Review

A step back from the day-to-day. The Monthly Macro Review assesses the global economy across growth, inflation, monetary policy, fiscal policy and geopolitics, and traces the currency implications.

One quarterMonth 1 · Month 2 · Month 3
What it covers
Global macro, central bank paths, cross-asset context, FX implications
Format
In-depth report with charts and data tables
Delivered
Monthly
Quarterly · Flagship

Quarterly Currency Outlook

Our flagship publication. The Quarterly Currency Outlook sets out Cedarstone Research's central forecasts across covered currencies, the assumptions behind them, alternative scenarios and the key risks.

One quarterMonth 1 · Month 2 · Month 3
What it covers
Forecast tables, base and alternative scenarios, regional outlooks (G10, emerging markets, GCC)
Format
Comprehensive report, with an accompanying client briefing call
Delivered
Quarterly
Regular

Thematic Deep Dives

Long-form research on the structural forces that shape currencies over months and years, including interest rate divergence, energy markets, trade and tariffs, fiscal sustainability, reserve currency dynamics and the future of currency pegs.

One quarterMonth 1 · Month 2 · Month 3
What it covers
One major theme, researched in depth
Format
Long-form report
Delivered
Regularly through the year
Around key events

Event Previews & Reviews

Markets move most around scheduled events. Before each major central bank decision, key data release or election, we set out what is priced in, the scenarios and the likely market reaction. Afterwards, we explain what happened and what has changed.

One quarterMonth 1 · Month 2 · Month 3
What it covers
Fed, ECB, Bank of England, Bank of Japan and other central bank meetings; inflation and employment data; elections; OPEC+ decisions
Format
Preview and review notes
Delivered
Around each major event
As events demand

Market Alerts

When something significant happens outside the regular schedule, such as a surprise policy move, a sharp market dislocation or a major geopolitical development, clients receive a short alert explaining what happened and why it matters.

One quarterMonth 1 · Month 2 · Month 3
Delivered
As events demand, by email, the client portal and secure messaging
Advisory relationships

Bespoke Research

For clients with specific exposures, we produce research focused on the currencies, time horizons and questions that matter to them. Available as part of our advisory relationships.

Learn about Hedging Advisory →
Publishing schedule

The research week.

Our Weekly FX Outlook is published on Sunday to fit the Gulf working week, and the Daily FX Brief lands before UK markets get busy.

  • SunWeekly FX Outlook16:00 UK · 19:00 GulfGulf week begins
  • Mon–FriDaily FX Brief07:00 UKToday
  • SatMarkets closed
Sun1
Weekly FX Outlook16:00 UK · 19:00 Gulf
Gulf week begins
Mon2
Daily FX Brief07:00 UK
Tue3
Daily FX Brief07:00 UK
Wed4
Daily FX Brief07:00 UK
Thu5
Daily FX Brief07:00 UK
Fri6
Daily FX Brief07:00 UK
Sat7
Markets closed
Also in the programmeWhen
Monthly Macro ReviewGlobal macro and its currency implicationsFirst week of each month
Quarterly Currency OutlookPlus a client briefing callStart of each quarter
Thematic Deep DiveOne major theme, in depthEvery one to two months
Event Previews & ReviewsCentral banks, data, electionsBefore and after major events
Market AlertsUnscheduled, significant movesAs required
Our standards

What sets our research apart.

Macro first, then markets

We start from the economic story, then test it against pricing and positioning.

Scenarios, not certainties

We set out what we expect, what could change our mind, and what the alternatives look like.

Clear takeaways

Every report ends with what it means in practice.

Reviewed before publishing

Every piece is checked for accuracy, balance and clarity.

Answerable

Clients can question the analysts behind any piece.

Sample report

See the depth for yourself.

Request a recent Cedarstone Research report and judge the quality of our research first-hand.

Request a Sample Report
Next step

Start with a conversation.

Every client relationship begins with a confidential consultation. We'll understand your currency exposure, your objectives and your timelines, and show you how our research and advisory can support you.

  • Confidential and no obligation
  • Calls in UK or Gulf hours
  • A response within one business day