Americas Insights

July 06, 2026

Chart EUR/CAD Update: Balanced at highs - room for a minor pullback

July 6, 2026 11:01 AM UTC

Little change, as prices extend cautious trade beneath strong resistance at the 1.6250~ monthly high of 14 April and the 1.6270 monthly high of 19 June

FX Weekly Strategy: N America, Jul 6-10

July 6, 2026 9:11 AM UTC

FOMC, ECB Minutes, RBNZ decision the highlights
Dollar ardour cools but spreads still in favour
NZD attempting to bounce if RBNZ plays ball, though some correction prior
USD/JPY remains uncertain, levels post holiday

Preview: Due July 15 - U.S. June PPI - Some fading from recent strength

July 6, 2026 9:05 AM UTC

We expect an unchanged June PPI, a significant slowing from two straight gains of 1.1% as energy corrects from recent strength and other inflationary stimuli from the conflict in the Middle East fade. We expect a 0.4% rise ex food and energy, matching May’s outcome, and also a 0.4% increase ex foo

Chart USD/CHF Update: Limited tests higher

July 6, 2026 8:25 AM UTC

Anticipated continuation lower has not been seen

Chart USD Index DXY Update: Immediate gains to remain limited

July 6, 2026 8:16 AM UTC

Consolidation is giving way to a push higher, as intraday studies turn higher, with prices currently testing levels just above resistance at 101.00

Psychology for major markets July 6

July 6, 2026 7:58 AM UTC

USD Solid

Chart EUR/USD Update: Drifting lower

July 6, 2026 7:50 AM UTC

Cautious trade beneath congestion resistance at 1.1450 is giving way to a drift lower

Chart GBP/USD Update: Leaning lower, but downside to remain limited

July 6, 2026 7:35 AM UTC

Choppy trade beneath the 1.3385 weekly high of 2 July is giving way to a drift lower

USD/JPY NZD/USD flows: Corrective action overnight

July 6, 2026 6:33 AM UTC

USD/JPY regains 162 after US holiday passes
NZD/USD sees some profit-taking ahead of RBNZ, not yet holding onto 0.57

USD/JPY flows: Rotate Higher

July 6, 2026 4:58 AM UTC

USD Solid on Monday

FX Weekly Strategy: Europe, Jul 6-10

July 6, 2026 4:44 AM UTC

FOMC, ECB Minutes, RBNZ decision the highlights
Dollar ardour cools but spreads still in favour
NZD attempting to bounce if RBNZ plays ball
USD/JPY has done some n/t chart damage

AUD/USD flows: Market Chops

July 6, 2026 4:07 AM UTC

OPEC+ confirmed a fifth straight monthly output increase

Australia Outlook: Steady

July 6, 2026 2:45 AM UTC

Australian CPI showed signs of moderation in recent read. It should be enough to persuade the RBA their previous hike to be enough.

Chart GBP/USD Update: Consolidating

July 6, 2026 1:50 AM UTC

Settled back from the 1.3385 high as prices consolidate recent strong gains from the 1.3140 current year low

Chart EUR/USD Update: Consolidating below 1.1450

July 6, 2026 1:39 AM UTC

Little change, as prices extend consolidation below resistance at the 1.1450 congestion

Chart USD/JPY Update: Higher in consolidation

July 6, 2026 1:02 AM UTC

Higher in consolidation above the 161.00 level as prices unwind oversold intraday studies following bounce from 160.50 low

Chart NZD/USD Update: Consolidating at .5700, still room for higher

July 6, 2026 12:40 AM UTC

Break above .5700 resistance saw gains reaching .5725 high before settling into consolidation at the .5700 level

Chart AUD/USD Update: Room to extend gains

July 6, 2026 12:29 AM UTC

Pressing higher from the .6865 low as prices consolidate recent losses from the mid-June high to reach .6950 last Friday

July 03, 2026

Chart USD/CAD Update: Consolidating - daily studies under pressure

July 3, 2026 3:55 PM UTC

Choppy trade around 1.4200 has given way to a pullback to the 1.4140 monthly high of 5 November

Chart AUD/USD Update: Limited tests higher

July 3, 2026 3:39 PM UTC

Consolidation above 0.6900 has given way to a test above the 0.6925 high of 25 June

FX Weekly Strategy: Asia, Jul 6-10

July 3, 2026 3:11 PM UTC

FOMC, ECB Minutes, RBNZ decision the highlights
Dollar ardour cools but spreads still in favour
NZD attempting to bounce if RBNZ plays ball
USD/JPY has done some n/t chart damage

Chart USD/JPY Update: Turning away from multi-year highs

July 3, 2026 1:38 PM UTC

Consolidation around 162.50 has given way to a sharp pullback in both USD- and JPY-driven trade

EM Government Debt Sinners and Saints

July 3, 2026 1:05 PM UTC

· Overall, the clearest EM fiscal sinner is Brazil, given its tax revenue/GDP ratio is already very high and requires politically sensitive expenditure cuts after the October election to increase the primary surplus to stabilize the government debt/GDP trajectory and get real bond yield

This week's five highlights

July 3, 2026 1:00 PM UTC

U.S. June NFP Misses
A Strong U.S. Q2 Report Now Looks Unlikely
This Week's Fed Speaker
EZ HICP Absence Second-Round Effects Continues
USD/JPY Corrects

Chart EUR/CAD Update: Pushing higher

July 3, 2026 11:29 AM UTC

Cautious trade around congestion support at 1.6200 is giving way to a push higher