Americas Insights

July 15, 2026

Thailand Country Risk Rating

July 15, 2026 9:00 AM UTC

Overall risk in Thailand remains at a medium-high rating.

FX Daily Strategy: N America, Jul 15

July 15, 2026 8:56 AM UTC

Bank of Canada policy decision in focus
U.S. June PPI Should See Some fading from recent strength
USD/JPY Above 162.00 return focus to 162.70/84 highs

AI Optimism and Credit Markets?

July 15, 2026 8:05 AM UTC

· The AI trade in financial markets is also a question of credit markets, given the scale of financing needs is using up hyperscalers free cash flow at a rapid rate and the AI labs heavy financing requirements. Credit markets could become more sensitive, if the AI labs revenue growth sl

Psychology for major markets July 15

July 15, 2026 7:30 AM UTC

Middle East Headlines Somewhat Quiet

Chart USD/CAD Update: Consolidating at 1.4050, room for lower later

July 15, 2026 7:05 AM UTC

Break of the 1.4115 low of last week have seen sharp losses to reach support at the 1.4050 congestion

USD, GBP/USD flows: Still exchanging Iran threats; Mansion House non-event

July 15, 2026 6:51 AM UTC

Iran-US continue to exchange threats, Bab el-Mandeb Strait highlighted
Quiet morning; last night's Mansion House speech largely uneventful

Chart USD/CHF Update: Settled back from .8150 high

July 15, 2026 6:44 AM UTC

Rejection from the .8150 current year high see prices back in consolidation below the .8100 level

Chart USD Index DXY Update: Leaning lower in consolidation

July 15, 2026 6:19 AM UTC

Leaning lower in consolidation following rejection from the 101.30 congestion

Chart USD/BRL Update: Extend losses from 5.2200 June high

July 15, 2026 5:46 AM UTC

Break of the 5.1200 support see prices extending losses from the 5.2200 June swing high and bearish channel from December 2024

Asia Summary and Highlights 15 July

July 15, 2026 5:12 AM UTC

U.S. forces hit dozens of Iranian military sites near Strait of Hormuz

USD/JPY flows: Consolidating

July 15, 2026 5:06 AM UTC

Consolidating

FX Daily Strategy: Europe, Jul 15

July 15, 2026 4:30 AM UTC

Reduced energy risk may see more attention on trade for Bank of Canada
U.S. June PPI Should See Some fading from recent strength
USD/JPY Above 162.00 return focus to 162.70/84 highs

AUD/USD flows: Centcom said it completed an additional round of strikes against Iran

July 15, 2026 4:29 AM UTC

U.S. forces hit dozens of Iranian military sites near Strait of Hormuz

Chart GBP/USD Update: Higher in consolidation

July 15, 2026 1:46 AM UTC

Higher in range from the 1.3342 low to pressure the 1.3400 level

Chart EUR/USD Update: Still limited above 1.1450

July 15, 2026 1:16 AM UTC

Higher in consolidation from the 1.1325 low but gains remain limited above 1.1450 resistance

Chart USD/JPY Update: Extend choppy trade around 162.00

July 15, 2026 12:41 AM UTC

Little change, as prices extend choppy trade around the 162.00 level but remains below the 162.70/162.84 recent highs

Chart AUD/USD Update: Extend gains from June low

July 15, 2026 12:26 AM UTC

Consolidation below .6950 has given way to bounce to extend gains from .6865 low to reach strong resistance at the .6980/.7000 area

July 14, 2026

North American Summary and Highlights 14 July

July 14, 2026 7:53 PM UTC

Overview - The USD slipped on a softer than expected US CPI, though corrected off its lows.

U.S. Fed's Goolsbee - Want to seee more soft CPIs

July 14, 2026 5:35 PM UTC

Fed hawk Goolsbee is only cautiously encouraged by today's soft CPI.

FOMC Preview for July 29: Unchanged policy with an unspoken tightening bias

July 14, 2026 5:14 PM UTC

The FOMC meets on July 29 in a meeting that will see no update to the dots or economic forecasts. With forward guidance now becoming limited all meetings should be seen as live, but after softer than expected June non-farm payroll and more importantly CPI data, a change in policy looks unlikely at t

U.S. June Median CPI +2.1% annualized

July 14, 2026 4:38 PM UTC

June’s 2.1% annualized increase in the Cleveland Fed’s Median CPI is not as soft as the headline or even the ex food and energy rate.

U.S. Fed's Warsh - CPI does not mean mission accomplished

July 14, 2026 4:27 PM UTC

Fed's Warsh is continuing to give little away, but saying enough to sound credible on inflation.

USD Flows: Trump backs off fringe demands; safe, normal shipping still the big question

July 14, 2026 3:46 PM UTC

Backs away from more fringe, rhetorical remarks on 20% fee
Remaining question is still how viable safe and normal volume passage is going to be in current stalemate

U.S. June CPI - Some volatile moves, but a clear relief for the Fed

July 14, 2026 3:16 PM UTC

June CPI is significantly softer than expected, both on the -0.4% headline and an unchanged outcome ex food and energy, with the respective figures before rounding being -0.422% and -0.017%. While there are a number of volatile declines in the breakdown and recent events in the Middle East present r

FX Daily Strategy: Asia, Jul 15

July 14, 2026 3:00 PM UTC

Reduced energy risk may see more attention on trade for Bank of Canada
U.S. June PPI Should See Some fading from recent strength
USD/JPY Above 162.00 return focus to 162.70/84 highs