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July 11, 2025

Chart EUR/CAD Update: Range trade - daily studies under pressure
Paying Article

July 11, 2025 10:30 AM UTC

The anticipated test below congestion support at 1.6000 has bounced from 1.5965

This week's five highlights
Freemium Article

July 11, 2025 10:00 AM UTC

Trump's latest Tariffs
This Week's Fed Speakers
RBA Does not Cut to Market's Surprise
RBNZ Holding on to Their Last Cut
Another Downside Surprise for UK GDP 

Psychology for major markets Jul 11
Paying Article

July 11, 2025 9:55 AM UTC

USD recovering, JPY remains weak, more tariff news awaited

FX Daily Strategy: N America, July 11th
Paying Article

July 11, 2025 9:00 AM UTC

GBP at risk from weaker GDP
Hard to justify current CAD levels given relative US/Canada performance
USD looking generally better bid as tariff announcement awaited

Chart USD/CHF Update: Consolidating - daily studies rising
Paying Article

July 11, 2025 8:24 AM UTC

Little change, as overbought intraday studies keep near-term sentiment cautious

Chart USD Index DXY Update: Cautious trade - studies rising
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July 11, 2025 8:07 AM UTC

Still little change

Chart EUR/USD Update: Room for lower in the coming sessions
Paying Article

July 11, 2025 7:41 AM UTC

Little change

High Stakes and Heavy Metals: The Geopolitics of the US–Indonesia Tariff Deal
Paying Article

July 11, 2025 7:37 AM UTC

As the U.S. sharpens its protectionist stance, Indonesia is scrambling to avert a 32% tariff by offering a USD 34bn investment-anchored trade package, including energy and agricultural imports, Boeing orders, and sovereign wealth fund commitments. This negotiation goes far beyond trade—it is a hig

Chart GBP/USD Update: Leaning lower
Freemium Article

July 11, 2025 7:35 AM UTC

Cautious trade around congestion resistance at 1.3600 has given way to a drift lower

GBP, EUR, CAD flows: GBP softer after weak May GDP
Paying Article

July 11, 2025 6:39 AM UTC

GBP weakens as May shows another drop in GDP. Trend is weakening although latest 3m/3m number is flattered by upward revision to March

UK GDP Review: Another Downside Surprise
Paying Article

July 11, 2025 6:28 AM UTC

After two successive upside surprises, a correction back in monthly GDP was not entirely a wholesale surprise for April GDP.  But that 0.3% m/m drop was almost repeated in the May numbers (Figure 1), where a further albeit smaller (ie 0.1%) fall occurred, but very much below consensus.  Admittedly

USD/JPY flows: USD gains on Trump's tariff
Paying Article

July 11, 2025 4:17 AM UTC

USD gained strongly against major on Trump's tariff 

FX Daily Strategy: Europe, July 11th
Paying Article

July 11, 2025 4:01 AM UTC

Equities firm despite tariff threat
JPY sees modest recovery after recent sharp losses
EUR and CHF may be more at risk from tariff announcements now
Potential for a NOK/SEK rally

USD/CAD flows: Trump hit Canada with 35% tariff
Paying Article

July 11, 2025 2:08 AM UTC

Trump hit Canada with 35% tariff, excluding USMCA goods

Chart GBP/USD Update: Leaning lower in consolidation, 1.3525 low at risk
Freemium Article

July 11, 2025 1:51 AM UTC

 Leaning lower in consolidation below the 1.3600 level and see scope for retest of the 1.3525 low

Chart EUR/USD Update: Extending pullback from 1.1830 high
Paying Article

July 11, 2025 1:35 AM UTC

Under pressure, as prices extend choppy pullback from the 1.1830 high through the 1.1700 level

Chart USD/JPY Update: Limited pullback from 147.18 high
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July 11, 2025 1:08 AM UTC

Limited on break of the 146.00 level as prices turned up from the 145.75 low to consolidate below the 147.18 mid-week high

Chart NZD/USD Update: Consolidating
Paying Article

July 11, 2025 12:45 AM UTC

Turned up from the .5975 low as prices consolidate losses from the .6120 high of last week 

Chart AUD/USD Update: Just shy of .6600 level
Paying Article

July 11, 2025 12:32 AM UTC

Break above .6550 resistance has seen gains to reach fresh year high just beneath the .6600 level

July 10, 2025

FX Daily Strategy: Asia, July 11th
Paying Article

July 10, 2025 9:00 PM UTC

Equities firm despite tariff threat
JPY sees modest recovery after recent sharp losses
EUR and CHF may be more at risk from tariff announcements now
Potential for a NOK/SEK rally

North American Summary and Highlights 10 Jul
Freemium Article

July 10, 2025 7:58 PM UTC

Overview - The USD was slightly firmer, mostly versus the Europeans, assisted by a fall in initial claims. 

U.S. Fed's Daly - Two rate cuts in 2025 likely
Paying Article

July 10, 2025 7:12 PM UTC

Fed's Daly sounds quite dovish, downplaying tariff-induced inflationary risk.

U.S. Fed's Waller - Suggests aiming for $5.8bn balance sheet
Paying Article

July 10, 2025 5:24 PM UTC

Fed's Waller is advocating a further reduction of $1.1tr in the Fed's balance sheet.

Preview: Due July 30 - U.S. July ADP Employment - A correction from June's decline
Paying Article

July 10, 2025 3:59 PM UTC

We expect a rise of 70k in July’s ADP estimate for private sector employment growth. This would be a significant correction from a 33k decline in June which was the first decline since March 2023, though still leaving a significant slowing in trend. June’s decline followed subdued gains of 29k i

Chart USD/CAD Update: Extending consolidation - potential for a test higher
Freemium Article

July 10, 2025 3:15 PM UTC

Still little change