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July 10, 2025

Chart GBP/USD Update: Range-bound in consolidation from 1.3525 low
Freemium Article

July 10, 2025 1:37 AM UTC

Little change, as prices extend consolidation at the 1.3600 level following bounce from 1.3525 low

Chart EUR/USD Update: Consolidating above 1.1700 support
Paying Article

July 10, 2025 1:27 AM UTC

Little change, as prices extend consolidation above the 1.1700 level

Chart EUR/JPY Update: Turned lower from 172.27 fresh year high
Paying Article

July 10, 2025 12:57 AM UTC

No follow-through on break above the 172.00 level as prices unwind overbought intraday studies from fresh year high at 172.27

Chart USD/JPY Update: Under pressure from 147.18 high
Paying Article

July 10, 2025 12:45 AM UTC

No follow-through on break of the 146.55 resistance and rejection from the 147.18 high see prices retracing gains from 142.68 low

Chart NZD/USD Update: Limited below .6000
Paying Article

July 10, 2025 12:28 AM UTC

Limited on break of the .6000 level as bearish momentum from the .6120 high fades

Chart AUD/USD Update: Range-bound below .6550 resistance
Paying Article

July 10, 2025 12:16 AM UTC

Little change, as prices stays range-bound below the .6550 resistance following bounce from the .6485 low

July 09, 2025

FX Daily Strategy: Asia, July 10th
Paying Article

July 9, 2025 9:00 PM UTC

Equities firm despite tariff threat
JPY sees modest recovery after recent sharp losses
EUR and CHF may be more at risk from tariff announcements now
Potential for a NOK/SEK rally

North American Summary and Highlights 9 Jul
Freemium Article

July 9, 2025 7:55 PM UTC

Overview - The USD was slightly softer as UST yields slipped in a largely subdued day. 

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FOMC Minutes from June 18 - Doves in the minority
Paying Article

July 9, 2025 6:48 PM UTC

FOMC minutes from June 18 show agreement to leave policy at 4.25-4.50%, and general agreement that the FOMC was well positioned to wait for more clarity. While there was some debate over the future outlook, doves appear to be in the minority. A couple were open to easing at the next meeting in July,

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South Africa Opposes Trump’s 30% Tariffs
Paying Article

July 9, 2025 3:47 PM UTC

Bottom Line: After a 90-day reprieve, U.S. president Trump announced on July 7 that the U.S. would implement 30% additional tariffs against South Africa-origin products from August 1. Despite President Ramaphosa opposed what he calls the unilateral trade tariffs by the U.S., and emphasized that Sout

Chart USD/CAD Update: Consolidating - potential for a test higher
Freemium Article

July 9, 2025 3:02 PM UTC

Little change, as mixed/positive intraday studies keep near-term sentiment cautious

FX Daily Strategy: APAC, July 10th
Paying Article

July 9, 2025 2:52 PM UTC

Equities firm despite tariff threat
JPY sees modest recovery after recent sharp losses
EUR and CHF may be more at risk from tariff announcements now
Potential for a NOK/SEK rally

Preview: Due July 31 - U.S. Q2 Employment Cost Index - Returning to pre-pandemic pace
Paying Article

July 9, 2025 2:43 PM UTC

We look for the Q2 employment cost index (ECI) to increase by 0.7%, after two straight gains of 0.9% and the slowest since Q2 2021. A 0.7% rise would be consistent with trend returning to where it was before the pandemic. 

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UK CPI Preview (Jul 16): Services Inflation to Fall Further?
Paying Article

July 9, 2025 2:05 PM UTC

Calendar effects have been accentuating swings in UK CPI data of late. Indeed, the timing of Easter may have been a partial factor in the May CPI, where a distinct drop back in services and core rates failed to make the headline drop, which instead stayed at 3.4% in line with BoE thinking due to hig

Chart AUD/USD Update: Consolidating - studies under pressure
Paying Article

July 9, 2025 1:43 PM UTC

Little change, as prices extend cautious trade beneath 0.6550

Chart EUR/JPY Update: Turning back from fresh year high, but studies are rising
Paying Article

July 9, 2025 1:30 PM UTC

Anticipated gains have posted a fresh year high above congestion resistance at 172.00

Preview: Due July 25 - U.S. June Durable Goods Orders - Correcting a strong May, not only in aircraft
Paying Article

July 9, 2025 1:16 PM UTC

We expect June durable goods orders to fall by 10.5% after a 16.4% surge in May, with the fall, like May’s rise, largely on aircraft. Ex transport orders have been showing much less volatility, but we expect a 0.2% decline in June to correct an above trend 0.5% increase in May.

Chart USD/JPY Update: Settling back, but studies continue to rise
Paying Article

July 9, 2025 1:12 PM UTC

Anticipated gains have reached 147.00

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UK: Risk Picture Rising and Broadening
Paying Article

July 9, 2025 12:35 PM UTC

The BoE’s latest message from its Financial Policy Committee notes that UK household and corporate borrowers remain resilient in aggregate while the UK banking system remains in a strong position even if economic, financial and business conditions became substantially worse than expected.  But th

Chart EUR/PLN Update: Choppy trade - potential for a later test lower
Paying Article

July 9, 2025 11:24 AM UTC

Little change, as prices extend cautious trade beneath congestion resistance at 4.2500

Chart USD/ZAR Update: Choppy trade to continue higher
Paying Article

July 9, 2025 11:01 AM UTC

Little change, as prices extend choppy trade within resistance at 17.8000-17.8500

Chart EUR/CAD Update: Consolidating - daily studies under pressure
Paying Article

July 9, 2025 10:35 AM UTC

Still little change

Europe Summary and Highlights 9 July
Paying Article

July 9, 2025 10:09 AM UTC

USD/JPY dropped 40 pips and the CHF was also a little firmer, with USD/CHF down 10 pips to 0.7960, and GBP/USD also gaining around 15 pips to 1.36, but other pairs were not much changed in the European morning. 

Psychology for major markets Jul 09
Paying Article

July 9, 2025 10:06 AM UTC

USD stabilising after recent declines, JPY remains weak, more tariff news awaited

Chart EUR/CHF Update: Choppy trade giving way to a pullback
Paying Article

July 9, 2025 9:54 AM UTC

Choppy trade around 0.9350 has given way to a pullback