FX Daily Strategy: Asia, Oct 22

October 21, 2026 2:35 PM UTC

Positioning and oversold conditions obstructing euro follow through traction; downside focus switching to options protection
AUD lifted by short-covering and momentum swing towards a Nov hike pricing
Focus remains news driven rather than calendar-centric 

Bank of Canada Preview for October 28: Steady, December tightening not a done deal

October 21, 2026 2:04 PM UTC

The Bank of Canada meets on October 28 and recent soft employment and core inflation data suggest rates will be left unchanged at 2.25%. The BoC is still likely to express more concern about upside than downside risks, but may sound a little more balanced than was the case at the last meeting on Sep

Chart AUD/USD Update: Extending gains, but studies becoming overstretched

October 21, 2026 1:28 PM UTC

Anticipated gains have reached 0.7035

Chart USD/JPY Update: Consolidating - studies under pressure

October 21, 2026 1:07 PM UTC

Little change, as cautious trade extends pressure on congestion support at 158.00

Strains bring financial conditions into the eurozone mix

October 21, 2026 9:06 AM UTC

* French stress and ECB Lagarde comments switch focus to the tightening in financial conditions
*Past studies show material impact from significant episodes...
* ...with possible implications for core bond demand, ECB pricing and the wider appetite for risk across FX and markets.

Chart USD/CHF Update: Consolidating - studies under pressure

October 21, 2026 8:36 AM UTC

Still little change, as mixed intraday studies and flat oversold daily stochastics keep near-term sentiment cautious

Chart USD Index DXY Update: Price action remains cautious

October 21, 2026 8:12 AM UTC

Anticipated tests lower have bounced from support at the 101.50 range highs and the 101.58 weekly low of 16 October

AUD/USD, AUD/NZD flows - Comments nudge market towards odds-on Nov RBA hike

October 21, 2026 8:08 AM UTC

RBA's Hauser comments nudge hike odds above 50-50, keeps AUD short covering

Chart EUR/USD Update: Price action remains cautious

October 21, 2026 7:49 AM UTC

Still little change, as prices extend cautious trade within the wide 1.1200 - 1.1270 range

Chart GBP/USD Update: Consolidating test of 1.3400/05 - background studies remain positive

October 21, 2026 7:28 AM UTC

Anticipated gains have reached strong resistance at congestion around 1.3400 and the 1.3405 Fibonacci retracement

EUR/GBP, GBP/USD flows - UK CPI upside cementing likely Nov hike

October 21, 2026 6:42 AM UTC

UK CPI upside cements likely Nov hike, 90%+ priced in
GBP remains on a firm trend, if n/t oversold on the cross

Chart GBP/USD Update: Consolidating, room for higher later

October 21, 2026 1:52 AM UTC

Settled back from test of the 1.3400 level as prices consolidate strong gains from the 1.3137 current year low of last week

China September Activity Data Review: Dichotomy between Supply and Demand

October 21, 2026 1:32 AM UTC

China’s dichotomy between supply and demand continued to deepen in September, as sluggish retail sales and fixed-asset investment slump highlighted persistent weakness in domestic demand, with analysts expecting more policy stimulus from Beijing to stave off downside risks. Export and Industrial n

Chart EUR/USD Update: Consolidating below 1.1275 resistance

October 21, 2026 1:30 AM UTC

Little change, as prices extend consolidation above the 1.1200 level but bounce attempt kept in check at the 1.1275 resistance

Chart USD/JPY Update: Still supported in choppy trade

October 21, 2026 12:55 AM UTC

Sustaining bullish bias in choppy trade at the 158.00 level to retest the 200-day MA, currently at 158.54

Chart NZD/USD Update: Consolidating test of .5700

October 21, 2026 12:46 AM UTC

Saw break above the .5680 resistance to reach the .5700 level before settling back to consolidate gains from the .5565 low of last week