FX Daily Strategy: Europe, Jul 29

July 28, 2026 3:00 PM UTC

Unchanged policy with an unspoken tightening bias for FOMC 
Will See DXY Trading Cautiously
Another Moderate But Above Target Read for Australian CPI

U.S. July Consumer Confidence - Slight dip, labor market view slipping

July 28, 2026 2:20 PM UTC

July consumer confidence at 90.8 from 92.2 has largely reversed a rise in June, though the moves are fairly small, with confidence remaining weak and in a tight range. 

U.S. June Advance Goods Trade - Consensus data leaves net exports as a negative for Q2 GDP

July 28, 2026 12:52 PM UTC

June’s advance goods trade deficit of $101.5bn is in line with expectations but shows weakness in both imports and exports. The deficit is down from May’s $105.9bn but remains well above the January-April average of $82.0bn and implies that net exports will be a significant negative in Q2 GDP.

Chart USD/JPY Update: Pressuring resistance in USD- and JPY-driven trade

July 28, 2026 12:48 PM UTC

Cautious trade has given way to a drift higher in both USD- and JPY-driven trade

Chart EUR/CAD Update: Lower in range - background studies under pressure

July 28, 2026 10:50 AM UTC

Cautious trade has given way to anticipated selling interest

FX Daily Strategy: N America, Jul 28

July 28, 2026 9:22 AM UTC

Timeout in US-Iran offers respite, but dollar remains defensively supported into Fed
Mkt hike hedging not insignificant while vote also matters 
Key earnings also in focus this week, tending to keep mkt sidelined until late week

Psychology for major markets July 28

July 28, 2026 8:25 AM UTC

Oman proposal to Iran on Strait of Hormuz management has regional backing

Chart USD/CHF Update: Fresh year highs - approaching strong resistance

July 28, 2026 8:25 AM UTC

Consolidation around 0.8150 has given way to steady gains in both USD- and CHF-driven trade

Chart USD Index DXY Update: Cautious trade - studies improving

July 28, 2026 8:12 AM UTC

Cautious trade has given way to a bounce back to resistance at 101.50

Chart EUR/USD Update: Choppy trade - studies under pressure

July 28, 2026 7:40 AM UTC

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

Chart GBP/USD Update: Leaning lower

July 28, 2026 7:27 AM UTC

Cautious trade has given way to a drift lower

EUR/USD, AUD/USD, USD/JPY Flows: Kospi hammered

July 28, 2026 6:38 AM UTC

Kospi hammered, slumping another 10%, keeping tech weighed
FX not sure what to do with it, though AUD/USD rolled back from 0.7, could correct recent lift
And USD/JPY might in theory see some adjustment selling into mth-end, with Nikkei also underperforming

FX Daily Strategy: Europe, Jul 28

July 28, 2026 4:38 AM UTC

Timeout in US-Iran offers respite, but dollar remains defensively supported into Fed
Mkt hike hedging not insignificant while vote also matters 
Key earnings also in focus this week, tending to keep mkt sidelined until late week

AUD/USD flows: RBA's Bullock Pouring Coldwater

July 28, 2026 3:42 AM UTC

RBA's Bullock: Key question is whether tightening already delivered enough

Chart GBP/USD Update: Extending losses

July 28, 2026 1:48 AM UTC

Under pressure, as break of the 1.3300 support see prices extending losses from the 1.3558, mid-July swing high

Chart EUR/USD Update: Weighing on 1.1362 support

July 28, 2026 1:30 AM UTC

Extending consolidation at the 1.1362 support but pressure remains on the downside

Chart USD/JPY Update: Consolidating below 164.00

July 28, 2026 12:56 AM UTC

Settled back in consolidation from test of 164.00, December 1986 high

Chart NZD/USD Update: Weighing on .5770 support

July 28, 2026 12:45 AM UTC

Rejection at the .5800/15 resistance see pressure returning to weigh on the .5770 support