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August 06, 2026

FX Daily Strategy: Asia, Aug 7
Paying Article

August 6, 2026 3:00 PM UTC

U.S. July Non-Farm Payrolls Stronger than June
Canada August Employment Another positive month
USD/JPY Directionless With Looming Intervention Threat

Chart AUD/USD Update: Test above 0.7050 not sustained
Paying Article

August 6, 2026 1:36 PM UTC

The anticipated break above congestion resistance at 0.7050 has been short-lived

Preview: Due August 7 - U.S. July Employment (Non-Farm Payrolls) - Stronger than June, but with a rise in unemployment
Paying Article

August 6, 2026 1:27 PM UTC

We expect July’s non-farm payroll to rise by 120k overall and by 110k in the private sector, a significant improvement from June’s respective gains of 57k and 49k but largely explained by a recovery in leisure and hospitality. We expect unemployment to rise to 4.3% from 4.2%, reversing a June de

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Preview: Due August 7 - U.S. July Employment (Non-Farm Payrolls) - Stronger than June, but with a rise in unemployment
Paying Article

August 6, 2026 1:27 PM UTC

We expect July’s non-farm payroll to rise by 120k overall and by 110k in the private sector, a significant improvement from June’s respective gains of 57k and 49k but largely explained by a recovery in leisure and hospitality. We expect unemployment to rise to 4.3% from 4.2%, reversing a June de

Chart USD/JPY Update: Consolidating - potential for a minor test higher
Paying Article

August 6, 2026 1:10 PM UTC

Still little change, as prices extend consolidation beneath congestion resistance at 158.00

U.S. Initial Claims remain low, Q2 Productivity and Unit Labor Costs healthy but Non-Labor Costs surge
Paying Article

August 6, 2026 1:07 PM UTC

Initial claims at 199k from 198k remain very low though continued claims at 1,801m from 1.777m hit a 4-week high. Claims data on balance are giving positive signals for July’s non-farm payroll. Q2 non-farm productivity at 1.4% is stronger than expected and Q2 unit labor costs at 1.3% softer than e

Preview: Due August 7 - Canada July Employment - Another positive month, but tariffs a risk going forward
Paying Article

August 6, 2026 11:53 AM UTC

We expect Canadian employment to increase by 20k in July, a third straight gain, similar to June’s 18.2k though well below May’s 87.8k which was correcting preceding weakness. We expect unemployment to match June’s 6.5% but before rounding to fall to 6.451% from 6.498%.

AUD/USD flows: DRC tightens copper exports
Paying Article

August 6, 2026 9:52 AM UTC

Copper's break higher picks up as DRC restrict raw exports
Marginally AUD supportive albeit a varied overall commodity mix price picture

FX Daily Strategy: N America, Aug 6
Paying Article

August 6, 2026 9:26 AM UTC

A familiar story of waiting for an unclear deal, amid a neede-ly backdrop; dollar still slanted long and heavy
An argument that gold and especially silver poised for a breakout from base
Payrolls Friday next other focal point, largely mid-to-low tier data Thursday

Chart USD/CHF Update: Cautious trade - studies under pressure
Paying Article

August 6, 2026 8:16 AM UTC

Still little change, as prices extend cautious/choppy trade within the 0.8050 - 0.8100 range

Chart USD Index DXY Update: Leaning lower
Paying Article

August 6, 2026 8:07 AM UTC

Still little change, as prices extend consolidation following the test of support at the 99.70 Fibonacci retracement

Psychology for major markets Aug 6
Paying Article

August 6, 2026 7:48 AM UTC

U.S.-Iran's Picture Still Unclear

Chart EUR/USD Update: Poised for fresh gains
Paying Article

August 6, 2026 7:42 AM UTC

The anticipated test of resistance at the 1.1560~ high of 3 August is giving way to consolidation

Chart GBP/USD Update: Cautious trade - any gains to remain limited
Freemium Article

August 6, 2026 7:30 AM UTC

Little change, as prices extend cautious trade around 1.3460

Weekly Chart AUD/USD: Room to extend June gains
Paying Article

August 6, 2026 7:22 AM UTC

Break above the .7000 level has seen gains to reach resistance at the .7050 congestion as prices retrace losses from the May current year high

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Brazil: 25bps Cut For September
Paying Article

August 6, 2026 6:53 AM UTC

·       BCB cut by 25bps to 14%, as widely expected.  The statement suggests that COPOM is looking to pause the easing cycle, but we feel the softening of the economy and inflation numbers are enough to deliver one further 25bps cut in September and then the BCB pauses into Q1 2027.  We see

EUR/SEK, NOK/SEK: Upside on CPI, further rollover more risk, oil dependent
Paying Article

August 6, 2026 6:45 AM UTC

Upside on flash CPIF data though core still low enough not to be the focus
EUR/SEK has rolled back, with risk bounce, oil more the focal point still 
Drifting towards uptrend, 38% retrac.

USD/JPY flows: Consolidating
Paying Article

August 6, 2026 6:17 AM UTC

Japan LDP lawmaker floats BOJ ETF sales to fund Japan tax cut

FX Daily Strategy:Europe, Aug 6
Paying Article

August 6, 2026 5:35 AM UTC

A familiar story of waiting for an unclear deal, amid a neede-ly backdrop; dollar still slanted long and heavy
An argument that gold and especially silver poised for a breakout from base
Payrolls Friday next other focal point, largely mid-to-low tier data Thursday

AUD/USD flows: June Trade balance Beat
Paying Article

August 6, 2026 2:53 AM UTC

Australian June trade surplus AU$1.929bn

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

August 6, 2026 1:52 AM UTC

Little change, as prices extend consolidation within the Monday's range above the 1.3400 level

Chart EUR/USD Update: Edging higher
Paying Article

August 6, 2026 1:37 AM UTC

Turned higher in consolidation from the 1.1500 support to pressure the 1.1559 high

Chart USD/JPY Update: Extend consolidation below 158.00
Paying Article

August 6, 2026 12:45 AM UTC

Little change, as prices extend consolidation within the 157.00/158.00 area

Chart NZD/USD Update: Range-bound in consolidation
Paying Article

August 6, 2026 12:36 AM UTC

Little change, as prices consolidate strong gains from the .5762 low of last week within the .5908/.5860 Monday's range

Chart AUD/USD Update: Edging higher
Paying Article

August 6, 2026 12:26 AM UTC

Edging higher above resistance at .7050 congestion as prices retrace the May/June losses

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