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July 14, 2025

Chart USD/SGD Update: Consolidating at 1.2800, room for higher later
Paying Article

July 14, 2025 2:02 AM UTC

Little change, as prices extend consolidation at the 1.2800 level

Chart GBP/USD Update: Room for deeper pullback
Freemium Article

July 14, 2025 1:57 AM UTC

Break of the 1.3500 level see prices extending losses from the 1.3788, 1 July YTD high

Chart EUR/USD Update: Extend choppy pullback from 1.1830 high
Paying Article

July 14, 2025 1:43 AM UTC

Pressure remains on the downside as prices extend choppy pullback from the 1.1830 high

Chart EUR/JPY Update: Consolidating below 172.42 current year high
Paying Article

July 14, 2025 1:32 AM UTC

Lower from the Friday's fresh year high at 172.42 as price unwind overbought intraday studies

Chart USD/JPY Update: Room to extend July gains
Paying Article

July 14, 2025 1:06 AM UTC

Break above the 146.00/146.55 resistance has seen gains to approach the 148.00 level

USD/JPY flows: Volatile opening
Paying Article

July 14, 2025 12:49 AM UTC

The market opened lower on Trump's 30% tariff on EU and Mexico

Chart NZD/USD Update: Consolidating above .5975 low
Paying Article

July 14, 2025 12:38 AM UTC

Remains above the .5975 low as prices consolidate losses from the .6120 high

Chart AUD/USD Update: Consolidating below .6595, current year high
Paying Article

July 14, 2025 12:19 AM UTC

Little change, as prices settled into consolidation below the .6595 current year high

Asia Open - Overnight Highlights
Paying Article

July 14, 2025 12:00 AM UTC

EMERGING ASIA
EM currencies are trading individually against the greenback as the USD chops around on Trump's last announcement of tariffs. The largest winners are THB 0.59%, followed by TWD 0.14%, CNY 0.11%, CNH 0.1%, IDR 0.06%; while the biggest losers are KRW 0.3%, INR 0.18%, MYR 0.1%, SGD 0.06% a

July 13, 2025

FX Weekly Strategy: Asia, July 14th-18th
Paying Article

July 13, 2025 9:00 PM UTC

US CPI could see some impact from US tariffs
Higher CPI could see the USD gain against the EUR but JPY might outperform
GBP vulnerable to any weakness in labour market or CPI data
Market still focused on tariffs but FX impact unclear

FX Weekly Strategy: APAC, July 14th-18th
Paying Article

July 13, 2025 5:00 PM UTC

US CPI could see some impact from US tariffs
Higher CPI could see the USD gain against the EUR but JPY might outperform
GBP vulnerable to any weakness in labour market or CPI data
Market still focused on tariffs but FX impact unclear

July 11, 2025

North American Summary and Highlights 11 Jul
Freemium Article

July 11, 2025 7:59 PM UTC

Overview - The USD was mostly little changed, awaiting fresh tariff developments, though USD/JPY rose with UST yields. Weak GDP data weighed on the GBP but a strong rise in employment gave the CAD some support. 

U.S. Fed's Goolsbee - Latest tariff threats could delay rate cuts
Paying Article

July 11, 2025 7:16 PM UTC

Fed's Goolsbee may want to assess the impact of any August escalation in tariffs before being willing to ease.

U.S. Budget records a rare surplus in June
Paying Article

July 11, 2025 6:26 PM UTC

June saw a budget surplus of $27.0bn, contrasting a deficit of $71.0bn in June 2024, and the first surplus in June since 2016.  Receipts were up 12.9% yr/yr while outlays fell by 7.0%.

Preview: Due July 31 - Canada May GDP - Another decline, but June may see a bounce
Paying Article

July 11, 2025 5:03 PM UTC

We expect Canadian GDP to see a second straight 0.1% decline in May, consistent with the preliminary estimate made with April’s report. However strong June employment growth hints that June’s preliminary estimate could be positive, we expect by 0.1%. This would leave Q2 GDP flat to marginally ne

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Deceleration in Inflation, Albeit Gradual, Continued in June: 9.4% YoY
Paying Article

July 11, 2025 4:48 PM UTC

Bottom Line: According to Russian Federal Statistics Service (Rosstat) data, inflation stood at 9.4% YoY in June after hitting 9.9% YoY in May, partly due to favorable base impacts, recent RUB strengthening and falling oil prices. We think the recent tariffs hike for electricity, gas, heating and w

Preview: Due August 1 - U.S. July ISM Manufacturing - Tariff risks to restrain composite and lift prices
Paying Article

July 11, 2025 4:00 PM UTC

We expect an unchanged ISM manufacturing index of 49.0 in July. Tariff concerns may prevent any extension of a modest June improvement, and could extend recent strength in prices paid, we expect to 71.0 from 69.7. Strength in June’s S and P manufacturing PMI, with July data due on July 24, will be

Chart USD/BRL Update: Consolidating gains - studies improving
Paying Article

July 11, 2025 3:51 PM UTC

Anticipated gains have extended to reach congestion resistance at 5.6000

Chart USD/CAD Update: Extending pressure on 1.3700 - potential for a test higher
Freemium Article

July 11, 2025 3:38 PM UTC

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

FX Weekly Strategy: July 14th-18th
Paying Article

July 11, 2025 3:13 PM UTC

US CPI could see some impact from US tariffs
Higher CPI could see the USD gain against the EUR but JPY might outperform
GBP vulnerable to any weakness in labour market or CPI data
Market still focused on tariffs but FX impact unclear

Chart AUD/USD Update: Back at year highs - studies rising
Paying Article

July 11, 2025 1:52 PM UTC

Little change, as prices extend choppy trade beneath congestion resistance at 0.6600

CAD, EUR flows: CAD benefits from better employment data
Paying Article

July 11, 2025 1:36 PM UTC

GBP weakens as May shows another drop in GDP. Trend is weakening although latest 3m/3m number is flattered by upward revision to March

Chart EUR/JPY Update: Back within reach of year highs
Paying Article

July 11, 2025 1:29 PM UTC

Consolidation is giving way to a fresh test higher

Chart USD/JPY Update: Studies turning higher once again
Paying Article

July 11, 2025 1:13 PM UTC

The anticipated test below support at 146.00 has not been seen

Canada June Employment - Strong gain broad based but hard to sustain if tariff escalation persists
Paying Article

July 11, 2025 1:02 PM UTC

Canada’s June employment report with a rise of 83.1k is sharply ahead of expectations, even when noting that most of the gains came in a 69.5k rise in part time employment. The data may have been supported by a temporary easing of trade tensions that have subsequently escalated with yesterday’s