View:
August 14, 2026
China Widening C/A Surplus
August 14, 2026 7:05 AM UTC
• China could reduce its excess current account surplus by a package of real Yuan appreciation; industrial policy reform to clean up excess production and structural boosts to safety nets that can sustainably boost consumption share in GDP. China authorities are reluctant to adopt these
EUR/USD, USD/JPY, GBP/USD flows - no-vol summer, but for how long; BoJ hike talk continues
August 14, 2026 7:03 AM UTC
Low vol summer, extreme lows may be suggestive of more noise ahead, eventually
Further sources talk of BoJ mulling Sep and faster
UK byelection finishes with Reform winning locally, but losing nationally
August 13, 2026
Preview: Due August 26 - U.S. July Durable Goods Orders - Still firm, if with some slowing on prices
August 13, 2026 2:51 PM UTC
We expect a 0.6% increase in July durable goods orders with a 0.7% increase ex defense and a 0.8% increase ex transport. This will suggest some loss of what remains healthy underlying momentum, though the slowing probably reflects prices more than volumes.
Preview: Due August 14 - U.S. July Retail Sales - Some loss of momentum, but still resilient
August 13, 2026 2:03 PM UTC
We expect June retail sales to unchanged overall, the weakest since a matching January, with a 0.2% increase ex autos, which would reverse a 0.2% June decline. Ex auto and gasoline we expect a second straight 0.4% increase.
Preview: Due August 14 - U.S. July Retail Sales - Some loss of momentum, but still resilient
August 13, 2026 2:02 PM UTC
We expect June retail sales to unchanged overall, the weakest since a matching January, with a 0.2% increase ex autos, which would reverse a 0.2% June decline. Ex auto and gasoline we expect a second straight 0.4% increase.