North American Summary and Highlights 26 October

October 26, 2026 6:17 PM UTC

Overview - The USD was slightly firmer with the EUR unable to manage a bounce on France relief. 

Chart USD/CAD Update: Consolidating bounce from support

October 26, 2026 5:50 PM UTC

The test of support within the 1.3975 range lows from 17-21 September and congestion around 1.4000 has given way to a bounce to resistance at 1.4050

FX Daily Strategy: Asia, Oct 27

October 26, 2026 5:38 PM UTC

Dollar starts the week with a lift into event risk, as US tech and US yields see some bounce
BRL very much its own step adjustment, but does further reinforce a wider EM carry turn
Interesting one to monitor and to keep tabs on what sits on the other side

Preview: Due October 27 - U.S. September New Home Sales - August rise unlikely to be sustained

October 26, 2026 5:13 PM UTC

After August saw new home sales reach an 8-month high of 684k, we expect September to slip to 630k, which would be the lowest since a matching outcome in February. That would be down 7.9% from August though risk is that August’s 6.4% increase will be revised lower.

Preview: Due October 27 - U.S. September Durable Goods Orders - Bounce from a below trend August

October 26, 2026 5:08 PM UTC

We expect a 3.5% increase in September durable goods orders after a below trend 0.1% decline in August. While aircraft are likely to lead the increase we expect a healthy 1.0% increase ex transport, also picking up from a below trend 0.2% rise in August.

Chart AUD/USD Update: Range trade

October 26, 2026 2:14 PM UTC

Still little change, as prices extend cautious trade around 0.7020

Chart USD/JPY Update: Room for higher in USD- and JPY-driven trade

October 26, 2026 1:50 PM UTC

Choppy trade within the broad 155.95/00 - 157.00 range has given way to a bounce higher in both USD- and JPY-driven trade

EUR/USD, EUR/JPY, EUR/CHF flows - Big Brazil moves, just a slight $ bid elsewhere

October 26, 2026 1:27 PM UTC

USD remains a touch better bid, but Brazil mainly its own story

FX Weekly Strategy: N America, 26-30 October

October 26, 2026 10:05 AM UTC

*Central bank meeting flurry - BoC might disappoint, ECB eyed for tone change, RBNZ seen a cert
*UK Budget may have its critics, but not seen taking any chances
* JPY along with CHF regaining its safety credentials
*France remains a focus, Moody's offers some relief, if a sideshow to the bigger arc

Chart USD/CHF Update: Gains to remain limited

October 26, 2026 9:33 AM UTC

Cautious trade around 0.8230 has given way to a fresh push higher

IMM Commitment of Traders Reports - antipodean shorts the standout

October 26, 2026 9:08 AM UTC

Overall total dollar long trim slightly in latest week, but remains very large
Both AUD and NZD shorts the standouts, at great extremes
Sterling shorts trim on recent recovery / uprating; broadly comparable positioning with euro though
JPY longs remain established, hold recent range, CHF shorts continu

Chart USD Index DXY Update: Drifting higher in range

October 26, 2026 8:50 AM UTC

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

Chart EUR/USD Update: Extending pressure on 1.1200

October 26, 2026 8:43 AM UTC

Little change, as prices extend cautious trade above support at 1.1200 following the minor test beneath here

Chart GBP/USD Update: Leaning lower

October 26, 2026 8:26 AM UTC

The pullback from strong resistance at congestion around 1.3400 and the 1.3405 Fibonacci retracement has reached support at 1.3350

EUR/USD, USD/JPY, EUR/GBP flows - eying spread, energy dissipating

October 26, 2026 8:00 AM UTC

Some early let up post Moody's, along with technical backdrop to oversold recent euro moves
160~ a key n/t reference on the FR-DE 10yr spread
Crosses also have quiet starts, UK eyes Budget too

FX Weekly Strategy: Europe, 26-30 October

October 26, 2026 7:39 AM UTC

*Central bank meeting flurry - BoC might disappoint, ECB eyed for tone change, RBNZ seen a cert
*UK Budget may have its critics, but not seen taking any chances
* JPY along with CHF regaining its safety credentials
*France remains a focus, Moody's offers some relief, if a sideshow to the bigger arc

Weekly Chart AUD/USD: Extending bounce from .6900 double bottom

October 26, 2026 7:35 AM UTC

Break above the .7000 resistance confirm a double bottom at the .6900 lows and open up room for stronger gains to retrace losses from the .7238, September high.
Gains has seen extension towards the .7050 congestion and 200-day MA. Clearance here will open up room to strong resistance at .7080/.7100,

Chart GBP/USD Update: Consolidating below 1.3400

October 26, 2026 2:08 AM UTC

Settled back from test of the 1.3400 level as prices consolidate strong gains from the 1.3140 support