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September 08, 2025

Chart EUR/USD Update: Higher in consolidation above 1.1700
Paying Article

September 8, 2025 1:52 AM UTC

Consolidation above the 1.1600 level has given way to rebound to retest resistance at the 1.1700/42 area

Chart EUR/JPY Update: Retest 173.90 July current year high
Paying Article

September 8, 2025 1:30 AM UTC

Gapped up at the opening above the 173.00 level see prices back to retest the July current year high at 173.90

Chart USD/JPY Update: Back in consolidation above 148.00
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September 8, 2025 1:05 AM UTC

Gapped up at the open see prices back in consolidation above the 148.00 level to extend choppy trade within the 148.65/146.55 area

Chart NZD/USD Update: Still capped at .5900/15 resistance
Paying Article

September 8, 2025 12:39 AM UTC

Settled back in consolidation from retest of the .5900/15 resistance

Chart AUD/USD Update: Consolidating, but room for higher later
Paying Article

September 8, 2025 12:25 AM UTC

Settled back in consolidation at the .6550 congestion after failing to sustain spike to .6589 high on Friday

September 07, 2025

FX Weekly Strategy: Asia, Sep 8th-12th
Paying Article

September 7, 2025 9:00 PM UTC

Focus on CPI but employment data aftermath may dominate early part of the week
USD downside favoured, particularly against the JPY
CAD may be even more vulnerable after very weak August employment
GBP could suffer if July GDP turns out negative

FX Weekly Strategy: APAC, Sep 8th-12th
Paying Article

September 7, 2025 5:00 PM UTC

Focus on CPI but employment data aftermath may dominate early part of the week
USD downside favoured, particularly against the JPY
CAD may be even more vulnerable after very weak August employment
GBP could suffer if July GDP turns out negative

September 05, 2025

North American Summary and Highlights 5 Sep
Freemium Article

September 5, 2025 7:36 PM UTC

Overview - The USD was marginally lower ahead of the US employment report and extended losses on weak data. USD/CAD was an exception, with Canada’s employment report even weaker than the US one. 

U.S. Fed's Goolsbee - Undecided about September
Paying Article

September 5, 2025 6:12 PM UTC

Fed's Goolsbee is likely to decide on September after seeing August CPI data.

Preview: Due September 16 - U.S. August Industrial Production - Aggregate hours suggest a decline
Paying Article

September 5, 2025 5:10 PM UTC

We expect August industrial production to fall by 0.4% with a matching 0.4% decline in manufacturing. This will be the steepest decline overall since October 2024 and the first decline in manufacturing since a 0.5% drop in April.

Chart USD/CAD Update: Choppy trade - gains to remain limited
Freemium Article

September 5, 2025 4:00 PM UTC

Cautious trade around 1.3840 has given way to a sharp break lower

FX Weekly Strategy: Sep 8th-12th
Paying Article

September 5, 2025 3:14 PM UTC

Focus on CPI but employment data aftermath may dominate early part of the week
USD downside favoured, particularly against the JPY
CAD may be even more vulnerable after very weak August employment
GBP could suffer if July GDP turns out negative

Preview: Due September 17 - U.S. August Housing Starts and Permits - Subdued with little direction
Paying Article

September 5, 2025 2:47 PM UTC

We expect August housing starts to fall by 6.2% to 1340k, correcting two straight gains of over 5.0%, while permits fall by a marginal 0.1% to 1360k. 

Chart AUD/USD Update: Smart reversal higher
Paying Article

September 5, 2025 1:46 PM UTC

Cautious trade has given way to a sharp break higher

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Canada August Employment - With Q3 looking weak, we now expect the BoC to ease in September
Freemium Article

September 5, 2025 1:41 PM UTC

Canada’s August employment report with a 65.5k decline with unemployment up to 7.1% from 6.9% is much weaker than expected. While the detail is a little less weak than the headlines suggest, and the data has been volatile recently, we are revising our Bank of Canada call, and now expect a 25bps ea

Chart EUR/JPY Update: Choppy trade - studies leaning lower
Paying Article

September 5, 2025 1:24 PM UTC

Still little change, as prices extend cautious trade beneath congestion resistance at 173.00

Chart USD/JPY Update: Lower in both USD- and JPY-driven trade
Paying Article

September 5, 2025 1:16 PM UTC

Cautious trade has given way to a sharp pullback in both USD- and JPY-driven trade

U.S. August Employment - charts and table
Paying Article

September 5, 2025 1:10 PM UTC

August's employment report gives a subdued picture in al the key details.

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U.S. August Employment - Trend now close to flat, backing case for easing
Paying Article

September 5, 2025 1:03 PM UTC

August’s non-farm payroll shows that job growth is now minimal, with a rise of 22k almost completely offset by a modest 21k in net downward revisions. Unemployment rose to 4.3% from 4.2% while average hourly earnings rose by 0.3%, both as expected, though the workweek was weaker than expected. The

USD, CAD, JPY flows: US employment weak, Canadian weaker
Paying Article

September 5, 2025 12:52 PM UTC

USD lower after weaker employment data, Canadian data much weaker still 

Chart EUR/PLN Update: Studies under pressure
Paying Article

September 5, 2025 12:27 PM UTC

Little change, as prices extend consolidation around congestion support at 4.2500

Chart USD/ZAR Update: Back in range
Paying Article

September 5, 2025 11:52 AM UTC

The anticipated test of congestion resistance at 17.8000 has been pushed back

Chart EUR/CAD Update: Edging higher
Paying Article

September 5, 2025 10:36 AM UTC

Cautious trade around 1.6100 has given way to the anticipated break

Chart EUR/CHF Update: Limited tests higher
Paying Article

September 5, 2025 10:21 AM UTC

Little change, as prices extend cautious trade beneath congestion resistance at 0.9400

Europe Summary and Highlights 5 September
Paying Article

September 5, 2025 10:13 AM UTC

The USD was generally weaker through the European morning, losing 0.1-0.2% across the board.