Americas Insights

October 12, 2026

FX Weekly Strategy Europe 12-16 October

October 12, 2026 4:30 AM UTC

•    USD: CPI and U.S. Treasuries
•    EUR and The French Budget Debate
•    CHF, JPY and GBP: different safe havens from 2010-12
•    AUD Underappreciated by FX not Rates

Chart GBP/USD Update: Choppy above the 1.3180 low

October 12, 2026 1:49 AM UTC

Still choppy above the 1.3180 low with prices tracing out a small base pattern and unwinding oversold daily studies

Chart EUR/USD Update: Consolidating at 1.1161 current year low

October 12, 2026 1:42 AM UTC

Little change, as prices extend choppy trade above 1.1161 current year low seen last week and consolidate losses from the August high

Chart USD/JPY Update: Extend consolidation around 158.00

October 12, 2026 12:51 AM UTC

Still little change, as prices extend consolidation around the 158.00 level and below the 200-day MA

Chart NZD/USD Update: Poised for retest of .5625 resistance

October 12, 2026 12:40 AM UTC

Higher in consolidation above the .5600 level with prices poised to retest the .5625 resistance

Chart AUD/USD Update: Poised for stronger bounce

October 12, 2026 12:16 AM UTC

Higher in consolidation above the .6950 support with prices pressuring the .6990 high of last week

October 09, 2026

North American Summary and Highlights 9 October

October 9, 2026 7:22 PM UTC

Overview - The USD made gains versus EUR and CAD, the latter hit by weak employment data.

FX Weekly Strategy Asia 12-16 October

October 9, 2026 3:00 PM UTC

•    USD: CPI and U.S. Treasuries
•    EUR and The French Budget Debate
•    CHF, JPY and GBP: different safe havens from 2010-12
•    AUD Underappreciated by FX not Rates

U.S. October Michigan CSI - Lower on current conditions

October 9, 2026 2:15 PM UTC

October’s preliminary Michigan CSI at 46.3 is down from 48.1 and the weakest since May’s record low of 44.8. The decline was led by current conditions, which could be a warning signal for the economy.

USD Focused on CPI, EUR on 2027 French Budget

October 9, 2026 1:20 PM UTC

•    USD: CPI and U.S. Treasuries
•    EUR and The French Budget Debate
•    CHF, JPY and GBP: different safe havens from 2010-12
•    AUD Underappreciated by FX not Rates

Canada September Employment - Public sector fully explains the sharp decline

October 9, 2026 12:58 PM UTC

Canada’s September employment report shows a strikingly weak headline with a 68.3k decline in employment though the decline is fully explained by a 70k decline in the public sector, while most of the decline (49.4k) came in Quebec. Still, unemployment did increase, to 6.5% from 6.4% as expected. T

EUR/USD, EUR/JPY flows - 2027 French Budget and EUR

October 9, 2026 12:15 PM UTC

The French fiscal situation remains key for the EUR swings into next week.

Turkey Country Risk Rating

October 9, 2026 10:00 AM UTC

Overall risk in Turkey is at a high rating.

USD/JPY, EUR/JPY flows - Bessent Jawboning USD/JPY Before Mid-Terms

October 9, 2026 9:00 AM UTC

What can provide momentum on USD/JPY?

AI and The U.S. Economy

October 9, 2026 8:15 AM UTC

· The AI boom is boosting the U.S. economy through three channels (semiconductor and other product enablers for AI; the data center construction boom and wealth effects boosting consumption for rich households). If AI labs revenue growth remains fast then the boom can continue through

DM Data Weekly Oct 12-16

October 9, 2026 7:10 AM UTC

US CPI the big data release, key for the Oct FOMC. We see 0.2% for core
In the EZ, the 2027 French budget debate starting October 13 is the major event this week.
BoE GDP will be of interest ahead of November BOE meeting

EUR/USD, EUR/JPY flows - Long USD Positions Trimmed

October 9, 2026 7:00 AM UTC

USD has drifted off Friday against most currencies due to a number of reasons.

Chart USD/CAD Update: Leaning lower from 1.4290 high

October 9, 2026 6:38 AM UTC

Leaning lower from the 1.4290 high and 61.8% Fibonacci level towards support at the 1.4200 level

Chart USD/CHF Update: Scope for deeper pullback

October 9, 2026 6:25 AM UTC

Lower in consolidation below the .8350/.8382 congestion and 1 October current year high as daily studies unwind overbought readings

Chart USD Index DXY Update: Leaning lower in consolidation

October 9, 2026 5:25 AM UTC

Remains below the 102.53 Monday's high as prices consolidate strong gains from the August/September lows

Chart NZD/USD Update: Consolidating, scope for bounce

October 9, 2026 1:42 AM UTC

Extend choppy trade above the .5580/.5578 Monday and November low to consolidate losses from the August high

Chart GBP/USD Update: Basing at the 1.3180 low

October 9, 2026 1:35 AM UTC

Extending choppy trade above the 1.3180 low to trace out a base pattern and unwind oversold daily studies

Chart EUR/USD Update: Extending consolidation above 1.1161 low

October 9, 2026 1:07 AM UTC

Extending choppy trade above the 1.1161 Monday's low as prices consolidate losses from the August high

Chart USD/JPY Update: Coiled around 158.00

October 9, 2026 12:38 AM UTC

Little change, as prices trades sideways around the 158.00 level and below the 200-day MA

Chart AUD/USD Update: Consolidating bounce from .6900

October 9, 2026 12:19 AM UTC

Edged lower from the .6990 Tuesday's high as prices consolidate bounce from the .6900 low of last week