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August 03, 2026

U.S. July ISM Manufacturing - Strong but with supply problems
Paying Article

August 3, 2026 2:26 PM UTC

July’s ISM manufacturing index of 55.6 from 53.3 is stronger than expected and the highest since May 2022, suggesting this year’s manufacturing revival, led by AI-related business investment, is accelerating further.

Chart AUD/USD Update: Lower in range
Paying Article

August 3, 2026 1:28 PM UTC

The retest of congestion resistance at 0.7050 is giving way to selling interest

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Preview: Due August 13 - U.S. July PPI - Prices seen subdued when data was surveyed
Paying Article

August 3, 2026 1:12 PM UTC

We expect July’s PPI to reflect more the more optimistic view of the Middle East seen at the start of the month than the riskier one later in the month. We expect gains of 0.1% overall, 0.3% ex food and energy and 0.2% ex food and trade, mostly subdued, if stronger than respective June outcomes of

Preview: Due August 13 - U.S. July PPI - Prices seen subdued when data was surveyed
Paying Article

August 3, 2026 1:12 PM UTC

We expect July’s PPI to reflect more the more optimistic view of the Middle East seen at the start of the month than the riskier one later in the month. We expect gains of 0.1% overall, 0.3% ex food and energy and 0.2% ex food and trade, mostly subdued, if stronger than respective June outcomes of

Chart USD/JPY Update: Less volatility - studies under pressure
Paying Article

August 3, 2026 12:59 PM UTC

Selling pressure has extended losses to 155.25, where short-covering has prompted a bounce into consolidation around congestion support at 157.00

Preview: Due August 4 - U.S. June Trade Balance - Deficit to correct lower, but remain large
Paying Article

August 3, 2026 12:40 PM UTC

We expect a June trade deficit of $73.5bn, down from $77.6bn in May which was the widest since a record pre-tariff deficit in March 2025, but still significantly above the deficits seen in the first four months of 2026, each of which was close to $55bn.

Weekly Chart GBP/USD: Potential triangle/flag pattern to limit tests higher
Paying Article

August 3, 2026 11:37 AM UTC

Following recent global volatility, choppy trade within the broad 1.3300 - 1.3500 range is giving way to a fresh test higher

IMM Commitment of Traders Reports w/e Jul 28, illustrates mkt caught long dollars
Paying Article

August 3, 2026 9:48 AM UTC

IMM data for w/e Jul 28 show total $ longs pushing new overall extremes
Set backdrop for to recent multi-pronged $ positional pressure, out of Fed, intervention

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The Fed's Balance Sheet: Revolution or Recalibration
Paying Article

August 3, 2026 9:18 AM UTC

·       Fed chair Warsh has reopened the question of how the Federal Reserve implements monetary policy, not just the size of the balance sheet. The two go hand in hand.
·        The realistic choice is not between today's balance sheet and a return to 2006, but among several ways of o

Psychology for major markets Aug 3
Paying Article

August 3, 2026 9:05 AM UTC

Trumps Fiasco Denied

FX Weekly Strategy: N America, Aug 3-7
Paying Article

August 3, 2026 9:04 AM UTC

USD/JPY remains the pivotal focus after the joint intervention 
US payrolls the main data focus with a quite week elsewhere

Chart USD/CHF Update: Choppy in range - studies under pressure
Paying Article

August 3, 2026 8:38 AM UTC

Little change, as prices extend choppy trade within the 0.8050 - 0.8100 range

Chart USD Index DXY Update: Prices remain under pressure
Paying Article

August 3, 2026 8:18 AM UTC

The anticipated break below 100.00 has extended to congestion support at 99.50 in volatile trade

Chart EUR/USD Update: Minor pullback - studies continue to rise
Paying Article

August 3, 2026 7:54 AM UTC

Choppy trade has given way to a fresh test higher

Chart GBP/USD Update: Consolidating test of 1.3500 - daily studies rising
Freemium Article

August 3, 2026 7:33 AM UTC

Choppy trade has given way to the anticipated test of congestion resistance at 1.3500

USD/JPY, EUR/USD flows: Notable breaks cemented after US blinked on USTs?
Paying Article

August 3, 2026 6:44 AM UTC

USD/JPY makes downward inroads on the charts after confirmed intervention
Brent to new pullback lows on regional initiative to broker deal
Joining dots could be the US blinking as UST yields reached critical highs

FX Weekly Strategy: Europe, Aug 3-7
Paying Article

August 3, 2026 4:49 AM UTC

USD/JPY remains the pivotal focus after intervention and sources reports threatening more
US payrolls the main data focus with a quite week elsewhere

USD/JPY flows: Strong JPY
Paying Article

August 3, 2026 3:08 AM UTC

Confirmed joint intervention supports JPY

Chart GBP/USD Update: Consolidating test of 1.3500, room for higher later
Freemium Article

August 3, 2026 2:01 AM UTC

Higher at the open has seen gains to tag the 1.3500 level before settling back in consolidation

Chart EUR/USD Update: Consolidating opening gains, room for higher later
Paying Article

August 3, 2026 1:53 AM UTC

Edged higher at the opening to extend strong gains last week from the 1.1355 low to reach 1.1559 high

Chart USD/JPY Update: Extending sharp losses
Paying Article

August 3, 2026 1:06 AM UTC

Sharply lower through the 157.00 level as prices extend sharp losses last week 

Chart NZD/USD Update: Extending June gains
Paying Article

August 3, 2026 12:39 AM UTC

Higher at the open as prices continues the strong gains gains last week to reach the .5900 level

Chart AUD/USD Update: Extending gains
Paying Article

August 3, 2026 12:24 AM UTC

Higher at the open see prices extending gains from the .6922 low of last week to reach resistance at .7050

July 31, 2026

North American Summary and Highlights 31 July
Freemium Article

July 31, 2026 7:19 PM UTC

Overview - The USD saw some recovery but fell to new lows in North America.

Preview: Due August 17 - Canada July CPI - Slightly firmer on energy but with stable core rates
Paying Article

July 31, 2026 7:03 PM UTC

We expect July Canadian CPI to correct higher to 2.9% yr/yr from June’s 2.8% which slipped significantly from May’s 3.2%, on a modest increase in gasoline prices after a sharp fall in June. However, we expect the Bank of Canada’s core rates to be unchanged from June, with CPI-Median at 1.9%, C

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