Americas Insights

July 29, 2026

Chart EUR/CAD Update: Consolidating - background studies under pressure

July 29, 2026 11:24 AM UTC

Little change, as prices extend cautious trade around 1.6050

Brazil: Post-Election Fiscal Challenge

July 29, 2026 10:55 AM UTC

· Brazil needs better fiscal consolidation from 2028 onwards, which a new president will have to decide on after the October 2028 election. This includes better expenditure control, as mandatory spending currently comprises about 90 percent of federal primary expenditure. Any delinkin

Europe data week ahead: August 3-7

July 29, 2026 9:49 AM UTC

Only 2nd and 3rd tier releases in EZ/UK in 1st week of August.

FX Daily Strategy: N America, Jul 29

July 29, 2026 9:07 AM UTC

Unchanged policy with an unspoken tightening bias for FOMC
Will See DXY Trading Cautiously
Another Moderate But Above Target Read for Australian CPI

Venezuela Country Risk Rating

July 29, 2026 9:00 AM UTC

Overall risk in Venezuela remains at a very high rating.

Psychology for major markets July 29

July 29, 2026 8:37 AM UTC

Another slaughter in Korean equities

Chart USD/CHF Update: Consolidating gains - background studies rising

July 29, 2026 8:25 AM UTC

The test of congestion resistance at 0.8200 is giving way to choppy trade

Chart USD Index DXY Update: Limited pullback

July 29, 2026 8:10 AM UTC

Choppy trade following the test above resistance at 101.50 is giving way to a pullback

Chart EUR/USD Update: Consolidating test of support - background under pressure

July 29, 2026 7:38 AM UTC

The test of support at the 1.1355 Fibonacci retracement has given way to a bounce

Chart GBP/USD Update: Consolidating recent losses

July 29, 2026 7:29 AM UTC

Little change, as prices extend cautious trade around congestion resistance at 1.3300

EUR/USD, USD/JPY, NOK Flows: Tech and oil still churn; uncertain Fed key focus

July 29, 2026 6:42 AM UTC

Market unusually uncertain into Fed, so plenty of scope to react
USD/JPY seeing (very minor) weight as Nikkei stays dragged into mth-end
Oil breaks correction on latest proxy flare up

USD/JPY flows: Softer USD

July 29, 2026 5:38 AM UTC

USD softer

AUD/USD flows: Monthly CPI Misses

July 29, 2026 4:55 AM UTC

Australian CPI Lower than Estimate

FX Daily Strategy: Europe, Jul 29

July 29, 2026 3:30 AM UTC

Unchanged policy with an unspoken tightening bias for FOMC
Will See DXY Trading Cautiously
Another Moderate But Above Target Read for Australian CPI

Chart GBP/USD Update: Consolidating, room for lower later

July 29, 2026 1:47 AM UTC

Break of the 1.3300 support has seen extension to 1.3273 before edging up in consolidation

Chart EUR/USD Update: Retest 1.1355/25 support

July 29, 2026 1:37 AM UTC

Back to retest support at the 1.1355/25, Fibonacci level and June current year low

Chart USD/JPY Update: Pressure building on 164.00 resistance

July 29, 2026 12:51 AM UTC

Extending consolidation below the 164.00 December 1986 high but pressure remains on the upside

Chart NZD/USD Update: Weighing on .5770 support

July 29, 2026 12:34 AM UTC

Limited on break of the .5770 support as prices consolidate losses from the .5872 high of last week

Chart AUD/USD Update: Leaning lower in choppy trade

July 29, 2026 12:25 AM UTC

Little change, as prices extend choppy trade below resistance at the .7000/20 area

July 28, 2026

North American Summary and Highlights 28 July

July 28, 2026 7:35 PM UTC

Overview - Oil and the USD were slightly weaker, the latter led by EUR/USD.

Preview: Due August 5 - U.S. July ISM Services - Keeping to a tight range

July 28, 2026 7:20 PM UTC

We expect a July ISM services index of 54.5, returning to May’s level after a dip to 54.0 in June. The index has been in a tight range since December, apart from a brief bounce to 56.1 in February.

Preview: Due August 3 - U.S. July ISM Manufacturing - Deliveries and prices paid normalizing

July 28, 2026 6:26 PM UTC

We expect modest slippage in July’s ISM manufacturing index to 53.0 from 53.3, extending a dip from May’s bounce to 54.0 which was the highest level since May 2022.

Preview: Due August 5 - U.S. July ADP Employment - Weekly ADP data suggests some slowing

July 28, 2026 5:33 PM UTC

We expect a 65k increase in July’s ADP estimate for private sector employment, which is well below our forecast for July’s private sector non-farm payroll of 110k (we expect overall payrolls to rise by 120k). It is however similar to June’s non-farm payroll, which rose by 57k and 49k in the pr

Chart USD/BRL Update: Limited tests lower

July 28, 2026 3:51 PM UTC

The break above 5.1000 is meeting selling interest around 5.1300

Preview: Due August 7 - U.S. July Employment (Non-Farm Payrolls) - Stronger than June, but with a rise in unemployment

July 28, 2026 3:50 PM UTC

We expect July’s non-farm payroll to rise by 120k overall and by 110k in the private sector, a significant improvement from June’s respective gains of 57k and 49k but largely explained by a recovery in leisure and hospitality. We expect unemployment to rise to 4.3% from 4.2%, reversing a June de