FX Daily Strategy: Asia, Sep 11

September 10, 2026 2:52 PM UTC

EUR/USD dips back to anchor out of ECB meeting, though money market rate bets firm up
Focus turns to US CPI, where we see upside risks to core
Could see another intraday reaction for the dollar to keep recent chop going

U.S. August Existing Home Sales - Trend subdued with hints of weakness

September 10, 2026 2:13 PM UTC

August existing home sales have seen a 2.0% decline to 3.98m, the weakest level since June 2025 and a third straight decline. Most housing sector indicators are subdued. Upward pressure on mortgage rates, and a potential Fed tightening next week, could add to the pressure.

Chartbook: UK Chart FTSE 100 Update: Turning away from fresh all-time highs

September 10, 2026 1:58 PM UTC

The anticipated test higher has posted a fresh all-time high just shy of 11,000, before settling into multi-week consolidation beneath here.

Preview: Due September 11 - U.S. August CPI - Firmer on energy and lodging away from home

September 10, 2026 1:15 PM UTC

We expect a slightly stronger US CPI in August, up by 0.4% overall, lifted by energy, and 0.3% ex food and energy, lifted by a correction higher in lodging away from home. Before rounding we expect overall CPI to rise by 0.37% and ex food and energy CPI to rise by 0.26%. Despite a firmer monthly cor

Chart AUD/USD Update: Sharp pullback in USD-driven trade

September 10, 2026 1:06 PM UTC

Cautious trade has given way to a sharp USD-driven pullback

U.S. August PPI - Near consensus, but still firmer than the Fed would like

September 10, 2026 1:03 PM UTC

August PPI is in line with expectations, up 0.4% overall, and a moderate 0.2% ex food and energy. A 0.3% rise ex food, energy and trade suggests underlying trends are still a little firmer than the Fed would like. Initial claims at 206k versus 207k and continued claims at 1.774m versus 1.775m are vi

EUR/USD flows: Minor dip out of announcement, but projections nudged up

September 10, 2026 12:30 PM UTC

Minor intraday sell fact on announcement but even with boilerplate language inflation projection nudged up
Inflation risks to upside, growth risks to the downside

Chart USD/JPY Update: Higher in USD- and JPY-driven trade, but scope to remain limited

September 10, 2026 12:22 PM UTC

Cautious trade is giving way to a push higher in both USD- and JPY-driven trade

Psychology for major markets Sep 10

September 10, 2026 9:15 AM UTC

Waiting for ECB

FX Daily Strategy: N America, Sep 10

September 10, 2026 9:01 AM UTC

A 25bps Hike from ECB
U.S. August PPI Shows Inflationary pressure still significant
U.S. August Pending home sales suggest slippage

Chart USD/CHF Update: Cautious trade - studies leaning lower

September 10, 2026 8:12 AM UTC

Still little change, as prices extend cautious trade following the test of congestion resistance at 0.8100

Chart USD Index DXY Update: Balanced above 98.60 - studies under pressure

September 10, 2026 8:05 AM UTC

Little change, as prices extend cautious trade following the test of strong support at the 98.60 Fibonacci retracement

Chart EUR/USD Update: Consolidating - room for a minor test higher

September 10, 2026 7:34 AM UTC

The anticipated test of resistance at the 1.1650 range lows has given way to further consolidation

Chart GBP/USD Update: Consolidating - room for a minor test higher

September 10, 2026 7:24 AM UTC

Little change, as prices extend cautious trade around congestion resistance at 1.3550

EUR/USD, USD/JPY, DXY flows: ECB, US PPI, then CPI; mkt wary of hawkish risks from both sides

September 10, 2026 6:56 AM UTC

ECB meeting, then PPI followed by CPI from the US
Mkt wary of 'hawkish' surprises from both sides, could see some chop
For the ECB, main interest will be whether recent US-Iran developments and energy complex pressure hardens the neutral tone

FX Daily Strategy: Europe, Sep 10

September 10, 2026 5:29 AM UTC

A 25bps Hike from ECB
U.S. August PPI Shows Inflationary pressure still significant
U.S. August Pending home sales suggest slippage

USD/JPY flows: Major FX Rangebound

September 10, 2026 5:22 AM UTC

President Trump said Republicans would issue $5,000 dividend checks to every American citizen if the party wins full control of Congress in November's midterms

Chart GBP/USD Update: Extending bounce from 1.3475 support

September 10, 2026 1:57 AM UTC

Still limited above the 1.3550 resistance but pressure remains on the upside following bounce from the 1.3475 support

Chart EUR/USD Update: Edging higher

September 10, 2026 1:20 AM UTC

Edged higher above the 1.1600 level to extend bounce from the 1.1575 support to reach the 1.1655 resistance

Chart USD/JPY Update: Consolidating test of 153.00

September 10, 2026 12:57 AM UTC

Turned up from test of the 153.00 level as prices consolidate sharp losses from the 160.00 level and unwind oversold intraday studies