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August 06, 2026
Brazil: 25bps Cut For September
August 6, 2026 6:53 AM UTC
· BCB cut by 25bps to 14%, as widely expected. The statement suggests that COPOM is looking to pause the easing cycle, but we feel the softening of the economy and inflation numbers are enough to deliver one further 25bps cut in September and then the BCB pauses into Q1 2027. We see
FX Daily Strategy:Europe, Aug 6
August 6, 2026 5:35 AM UTC
A familiar story of waiting for an unclear deal, amid a neede-ly backdrop; dollar still slanted long and heavy
An argument that gold and especially silver poised for a breakout from base
Payrolls Friday next other focal point, largely mid-to-low tier data Thursday
August 05, 2026
Preview: Due August 14 - U.S. July Retail Sales - Some loss of momentum, but still resilient
August 5, 2026 3:46 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 5, 2026 3:46 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.
FX Daily Strategy: Asia, Aug 6
August 5, 2026 3:00 PM UTC
A familiar story of waiting for an unclear deal, amid a neede-ly backdrop; dollar still slanted long and heavy
An argument that gold and especially silver poised for a breakout from base
Payrolls Friday next other focal point, largely mid-to-low tier data Thursday