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.

Psychology for major markets July 8

July 8, 2026 9:11 AM UTC

Trump says Memorandum of Understanding with Iran is over

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

USD/JPY flows: Fast Approaching Monthly High

July 8, 2026 5:43 AM UTC

USD/JPY Fast Approaching Monthly High
Iran says it targeted a US base in Bahrain, warns of more attacks

NZD/USD flows: RBNZ Hiked by 25bps

July 8, 2026 4:00 AM UTC

RBNZ Gov Breman says Inflation may have already peaked

Chart GBP/USD Update: Lower in consolidation

July 8, 2026 1:51 AM UTC

Settled back from test of the 1.3400 level and 200-day MA as prices unwind overbought daily studies

Chart EUR/USD Update: Weighing on 1.1410/00 support

July 8, 2026 1:39 AM UTC

Leaning lower in consolidation below resistance at 1.1450 and 1.1473 bounce high of last week to pressure the 1.1410/00 support

Chart USD/JPY Update: Extending Friday's bounce

July 8, 2026 1:05 AM UTC

Sustaining gains above the 162.00 level to extend bounce from 160.48 low of last Friday

Chart NZD/USD Update: Leaning lower in consolidation

July 8, 2026 12:47 AM UTC

Leaning lower in consolidation to pressure the .5680 support as shallow corrective bounce gives way to fresh selling pressure