North American Summary and Highlights 1 September

September 1, 2026 7:30 PM UTC

Overview - The USD was supported by renewed conflict in the Middle East. 

Chart USD/CAD Update: Choppy trade - studies rising

September 1, 2026 3:57 PM UTC

Little change, as choppy USD- and CAD-trade prompts consolidation within the 1.3850 - 1.3900 range

FX Daily Strategy: Asia, Sep 2

September 1, 2026 3:00 PM UTC

RBNZ To Hike by 25bps
Bank of Canada Risks on both sides 
U.S. August ADP Another subdued month

U.S. July JOLTS Job Openings, August ISM Manufacturing - Softer than expected, but not weak

September 1, 2026 2:25 PM UTC

The latest US data is on the weak side of expectations though should not be seen as weak. August’s ISM manufacturing index of 54.6 is down from 55.6 in July though still stronger than every month in the first half of the year. July job openings increased by 89k, but the rise is more than fully off

Chart AUD/USD Update: Leaning lower

September 1, 2026 1:38 PM UTC

The test of congestion resistance at 0.7200 has given way to a pullback

U.S. Fed's Barr - Thinking about tightening, not yet a done deal

September 1, 2026 1:30 PM UTC

Fed's Barr is considering the case for a rate hike, but upcoming data still matters. 

Chart EUR/JPY Update: Choppy in range - daily studies mixed

September 1, 2026 1:30 PM UTC

The bounce from support at 185.50 has broken back above 185.50

Chart USD/JPY Update: Poised to extend August gains

September 1, 2026 1:19 PM UTC

Anticipated gains have reached congestion resistance at 160.00

Weekly Chart GBP/USD Update: Under pressure

September 1, 2026 12:28 PM UTC

The anticipated test of 1.3600 has given way to a deeper retracement, with prices currently balanced above support at the 1.3525 Fibonacci retracement

Chart EUR/SEK Update: Fresh year high - studies improving

September 1, 2026 11:37 AM UTC

Anticipated gains have posted a fresh year high at congestion resistance around 11.1500

Preview: Due September 2 - U.S. August ADP Employment - Another subdued month, this time underperforming payrolls

September 1, 2026 11:30 AM UTC

We expect a 50k increase in August’s ADP estimate for private sector employment, which is below our forecast for August’s private sector non-farm payroll of 75k (we also expect overall payrolls to rise by 75k). This would be the first ADP underperformance of payrolls in four months.

Chart EUR/CHF Update: Pressuring strong resistance

September 1, 2026 10:36 AM UTC

Cautious trade has given way to a break higher

Europe Summary and Highlights 1 Sep

September 1, 2026 10:10 AM UTC

USD/JPY and EUR/USD sit at big figures, consolidating the Warsh adjustment
Bond yield highs remain in focus, along with risk impact
EZ HICP high headline as expected, cements ECB hike; details have nuances

EUR/USD flows: HICP up, ECB ready, details nuanced. Blog says 'its all energy' so be measured

September 1, 2026 9:30 AM UTC

HICP as expected, leaves ECB follow up in Sep 100% priced in
Details show all overshoot currently all in energy/processed food
An ECB Blog today (note to the hawks?), gives structural analysis that all energy supply side driven, unlike pandemic, and so requires measured response