Americas Insights

July 08, 2026

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

Chart AUD/USD Update: Settled back in consolidation below .6950

July 8, 2026 12:31 AM UTC

Limited on break above .6950 as prices settled back in consolidation from the .6960 high to reach .6920 low

July 07, 2026

Chart USD/BRL Update: Back in range

July 7, 2026 3:53 PM UTC

The anticipated test of congestion resistance at 5.2000 has not been sustained

Chart USD/CAD Update: Extending cautious trade

July 7, 2026 3:44 PM UTC

Still little change, as prices extend choppy trade around 1.4200

FX Daily Strategy: Asia, Jul 8

July 7, 2026 3:00 PM UTC

RBNZ Hawkish Hold
Could Disappoint Kiwi Hawks
USD/JPY Remain in Intervention Zone

Chart AUD/USD Update: Edging higher

July 7, 2026 1:54 PM UTC

Still little change

Chart USD/JPY Update: Choppy beneath multi-year highs

July 7, 2026 1:24 PM UTC

Cautious trade has given way to a drift lower

EUR/USD Flows - Mixed Le Pen outcome, France challenges regardless

July 7, 2026 1:01 PM UTC

Le Pen court ruling. Challenges for France in any case

Chart EUR/CAD Update: Pressuring strong resistance

July 7, 2026 10:58 AM UTC

Still little change

Psychology for major markets July 7

July 7, 2026 10:07 AM UTC

Another crude oil tanker reportedly damaged near Oman, around the Strait of Hormuz

China LGFV Repair Rather Than Reboot

July 7, 2026 9:45 AM UTC

• Our assessment is that this ongoing exercise will likely have a small boost to GDP growth. LGFV’s debt restructuring could allow some new borrowing, but the big issue is that LGFV and LG finances are dependent on one off property taxes with the building of new property. The overhang

FX Daily Strategy: N America, Jul 7

July 7, 2026 9:01 AM UTC

Dollar steadies, risk steadies, summer slowdown may be here
USD/JPY recoups - recovery time seems proportionate to scale of the drop
Thin calendar, Minutes and RBNZ still the later highlights

Zambia Country Risk Rating

July 7, 2026 9:00 AM UTC

Overall risk in Zambia remains at a medium rating.

IMM Commitment of Traders Reports w/e Jun 30

July 7, 2026 8:25 AM UTC

Latest IMM data highlights market was still strongly spec GBP short - playing to the squeeze and EUR/GBP breakdown
NZD shorts also extended and so prone to bounce if RBNZ does not 'disappoint'
JPY shorts remain at the highs - so still a short base for noise if/when jitters strikes, as US holiday sho

Chart USD/CHF Update: Gains to remain limited

July 7, 2026 8:21 AM UTC

Little change, as prices extend consolidation following the anticipated test of resistance at 0.8065

Chart USD Index DXY Update: Cautious trade - daily studies leaning lower

July 7, 2026 8:09 AM UTC

The test above resistance at 101.00 has given way to selling interest around 101.15

Chart EUR/USD Update: Range trade

July 7, 2026 7:45 AM UTC

Little change, as prices extend cautious trade within the 1.1400 - 1.1450 range

Chart GBP/USD Update: Smart bounce

July 7, 2026 7:32 AM UTC

Cautious trade has given way to a sharp bounce to congestion resistance at 1.3400

EUR/USD, USD/JPY - Kospi lively; FX relatively subdued

July 7, 2026 6:41 AM UTC

Minor edge for the dollar and yen in limited range trade
Kospi has another lively session as pullback continues

AUD/USD flows: No Boring Day at the Strait

July 7, 2026 5:25 AM UTC

Iranian forces strike LNG tanker and commercial ships in Strait of Hormuz

FX Daily Strategy: Europe, Jul 7

July 7, 2026 4:27 AM UTC

Dollar steadies, risk steadies, summer slowdown may be here
USD/JPY recoups - recovery time seems proportionate to scale of the drop
Thin calendar, Minutes and RBNZ still the later highlights

USD/JPY flows: Wage Growth Steady, Household Spending Strong

July 7, 2026 2:01 AM UTC

Labor Cash Earnings +3.2% y/y