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September 03, 2026

FX Daily Strategy: N America, Sep 3
Paying Article

September 3, 2026 9:00 AM UTC

Challenging backdrop with yield-bond-FX noise and interplay, and potentially unstable correlations
JPY finds burst of support, rotation incentives intensify
Sterling slipping in favour as hike laggard and amid global pressures

Chart USD/CHF Update: Leaning lower in USD- and CHF-driven trade
Paying Article

September 3, 2026 8:42 AM UTC

The anticipated test above congestion resistance at 0.8150 has not been seen

Chart USD Index DXY Update: Leaning lower
Paying Article

September 3, 2026 8:34 AM UTC

Choppy trade above 99.50 has given way to a break lower

Psychology for major markets Sep 3
Paying Article

September 3, 2026 7:51 AM UTC

Trump Began to Downplay the U.S.-Iran War

Chart EUR/USD Update: Consolidating - studies under pressure
Paying Article

September 3, 2026 7:40 AM UTC

The test below support at the 1.1578 low from 28-31 August has bounced from the 1.1565 Fibonacci retracement

Chart GBP/USD Update: Reached the 1.3475 Fibonacci retracement - studies under pressure
Freemium Article

September 3, 2026 7:28 AM UTC

Anticipated losses have reached support at the 1.3475 Fibonacci retracement

USD/JPY, EUR/CHF flows: Swiss CPI upside stems o/s CHF; strong 30yr JGB auction with grain of yen
Paying Article

September 3, 2026 6:54 AM UTC

Good 30yr auction supports notion of better Japan buying, shifting JPY sentiment
Upside on Swiss CPI stems an oversold CHF, although remains the low CPI, low rates counter

AUD/USD flows: Trump to Announce War Over?
Paying Article

September 3, 2026 5:20 AM UTC

CNN report US military escorts 40 tankers with 18 million barrels through Hormuz on Tuesday

FX Daily Strategy: Europe, Sep 3
Paying Article

September 3, 2026 4:13 AM UTC

Challenging backdrop as rising yields apply pressure, creates potential volatile correlations
Current default mode is squeezing both sides - CHF as the low yielder, risk counters on the other
JPY finds support, rotation incentives intensify
Sterling slipping in favour as hike laggard and amid global pr

USD/JPY flows: Front Running the "Leaks"
Paying Article

September 3, 2026 4:13 AM UTC

JPY Gain Strongly

Chart GBP/USD Update: Consolidating, but room for lower
Freemium Article

September 3, 2026 2:09 AM UTC

Break of the 1.3500 level has seen losses to reach support at 1.3475 low of 13 August and 50% Fibonacci level

Chart EUR/USD Update: Consolidating, but still heavy
Paying Article

September 3, 2026 1:59 AM UTC

Consolidating test of the 1.1575 support but pressure remains on the downside and further losses cannot be ruled out

Chart USD/JPY Update: Consolidating at 158.50/00 support
Paying Article

September 3, 2026 1:08 AM UTC

Rejection from the 160.00/50 resistance has seen sharp losses through 159.00 level before stabilizing at the 158.50/00 congestion area

Chart NZD/USD Update: Consolidating sharp losses
Paying Article

September 3, 2026 12:45 AM UTC

Sharp losses below .5850 reached support at the .5815/00 area before turning higher to consolidate around .5850 congestion

Chart AUD/USD Update: Back in consolidation above .7150
Paying Article

September 3, 2026 12:27 AM UTC

Turned up smartly from the .7120 low to consolidate above the .7150 congestion

September 02, 2026

North American Summary and Highlights 2 September
Freemium Article

September 2, 2026 7:37 PM UTC

Overview - The USD slipped led by USD/JPY and a more hawkish than expected Bank of Canada. 

U.S. Fed Beige Book Summary - Similar to previous report, if marginally slower
Paying Article

September 2, 2026 7:18 PM UTC

The latest Fed Beige Book is similar to the last one though marginally slower on both activity and prices. 

Preview: Due September 10 - U.S. August Existing Home Sales - Pending home sales suggest slippage
Paying Article

September 2, 2026 6:44 PM UTC

We expect August existing home sales to see a third straight monthly fall, by 2.0% to 3.98m, which would be the lowest level since a matching June 2025. That would see yr/yr growth slip to -1.2% from a positive 0.7%.

Bank of Canada - Now expecting a December tightening
Freemium Article

September 2, 2026 3:50 PM UTC

The Bank of Canada left rates unchanged at 2.25% as expected and noted risks on both sides, though the press conference made it clear that inflationary risks led by the Middle East are outweighing those on growth generated by recent US tariffs. We now expect the Bank of Canada to raise rates by 25bp

Chart USD/CAD Update: Sharp pullback in USD- and CAD-driven trade
Freemium Article

September 2, 2026 3:50 PM UTC

The anticipated test above congestion resistance at 1.3900 has been pushed back sharply from just beneath 1.3950 in both USD- and CAD-driven trade

...
Bank of Canada - Now expecting a December tightening
Freemium Article

September 2, 2026 3:50 PM UTC

The Bank of Canada left rates unchanged at 2.25% as expected and noted risks on both sides, though the press conference made it clear that inflationary risks led by the Middle East are outweighing those on growth generated by recent US tariffs. We now expect the Bank of Canada to raise rates by 25bp

Canada: BoC's Macklem - Inflation concerns stressed in press conference
Paying Article

September 2, 2026 3:10 PM UTC

The BoC statement had a hawkish lean. That lean is becoming increasingly clear in the press conference.

FX Daily Strategy: Asia, Sep 3
Paying Article

September 2, 2026 2:43 PM UTC

Challenging backdrop as rising yields apply pressure, creates potential volatile correlations
Current default mode is squeezing both sides - CHF as the low yielder, risk counters on the other
JPY finds support, rotation incentives intensify
Sterling slipping in favour as hike laggard and amid global pr

Canada: BoC's Macklem - Seems slightly more concerned about prices than growth
Paying Article

September 2, 2026 2:01 PM UTC

While the BoC left rates unchanged and noted risks on both sides the concerns on prices seem to outweigh growth worries caused by tariffs.

Chart AUD/USD Update: Choppy around 0.7150 - daily studies under pressure
Paying Article

September 2, 2026 1:45 PM UTC

The test below congestion support at 0.7150 has bounced from 0.7120~

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