Preview: Due July 9 - U.S. June Existing Home Sales - Pending home sales imply a rise

July 8, 2026 5:55 PM UTC

We expect June existing home sales to increase by 1.9% to 4.25m, which would be a third straight increase and the highest level since December 2025. This would be consistent with signals from May pending home sales, but other housing signals are less positive.

Chart USD/CAD Update: Choppy trade

July 8, 2026 4:24 PM UTC

Little change, as mixed/negative intraday studies keep near-term sentiment cautious 

USD Flows - Dangerous rhetoric loop?

July 8, 2026 2:55 PM UTC

Iran threat to close Strait adds to the ramp up
Danger that things get out of control in current rhetoric-action one-upping, even if result makes no sense

FX Daily Strategy: Asia, Jul 9

July 8, 2026 2:08 PM UTC

FOMC Minutes to be digested, though again Trumped by Iran
Oil and wider mkt left gauging the dangerous line between rhetoric and breakdown
CAD and NOK were oversold so most responsive, EUR/USD proving a little trapped s/t
USD/JPY still in heads I win tails you lose mentality

Chart AUD/USD Update: Further gains to remain limited

July 8, 2026 1:36 PM UTC

Little change, as prices extend consolidation following the run higher to 0.6960

Chart USD/JPY Update: Pushing higher in both USD- and JPY-driven trade

July 8, 2026 1:06 PM UTC

Cautious trade around 161.85 has given way to a push higher in both USD- and JPY-driven trade

Chart EUR/CAD Update: Lower in CAD-driven trade

July 8, 2026 11:07 AM UTC

Cautious trade around 1.6250 has given way to sharp losses in CAD-driven trade

Preview: Due July 9 - U.S. June Existing Home Sales - Pending home sales imply a rise

July 8, 2026 11:00 AM UTC

We expect June existing home sales to increase by 1.9% to 4.25m, which would be a third straight increase and the highest level since December 2025. This would be consistent with signals from May pending home sales, but other housing signals are less positive.

FX Daily Strategy: N America, Jul 8

July 8, 2026 8:59 AM UTC

RBNZ Hike by 25bps
Rate path Could Disappoint Kiwi Hawks
USD/JPY Remain in Intervention Zone

EUR/USD Flows - Trump shooting from hip at NATO, Iran MOU 'over' and Spain 'no trade'

July 8, 2026 8:32 AM UTC

Trump firing shots at NATO, aiming at Spain and Iran
MoU 'over' comments can spook oil and squeeze NOK (and CAD)

Chart USD/CHF Update: Limited tests higher

July 8, 2026 8:19 AM UTC

Anticipated tests higher have been pushed back from congestion resistance at 0.8100

Chart USD Index DXY Update: Limited tests higher - studies under pressure

July 8, 2026 8:08 AM UTC

Cautious trade has given way to a test above 101.00

Chart EUR/USD Update: Consolidating

July 8, 2026 7:41 AM UTC

Still little change, as prices extend cautious trade within the 1.1400 - 1.1450 range following the anticipated test of congestion support at 1.1400

Chart GBP/USD Update: Cautious trade

July 8, 2026 7:29 AM UTC

Consolidation beneath congestion resistance at 1.3400 has given way to a pullback to 1.3340

USD flows: FX subdued even with the fragile backdrop

July 8, 2026 6:46 AM UTC

Kiwi the outperformer on the RBNZ rate hike
Elsewhere FX remains subdued even with some fragility in the backdrop 

FX Daily Strategy: Europe, Jul 8

July 8, 2026 6:05 AM UTC

RBNZ Hike by 25bps
Rate path Could Disappoint Kiwi Hawks
USD/JPY Remain in Intervention Zone