Canada: BoC's Macklem - Seems slightly more concerned about prices than growth

September 2, 2026 2:01 PM UTC

While the BoC left rates unchanged and noted risks on both sides the concerns on prices seem to outweigh growth worries caused by tariffs.

Chart AUD/USD Update: Choppy around 0.7150 - daily studies under pressure

September 2, 2026 1:45 PM UTC

The test below congestion support at 0.7150 has bounced from 0.7120~

Chart USD/JPY Update: Lower in JPY-driven trade

September 2, 2026 1:24 PM UTC

The anticipated test above congestion resistance at 160.00 has been pushed back from 160.40 in JPY-driven trade

Preview: Due September 3 - U.S. August ISM Services - Slightly firmer within a tight range

September 2, 2026 1:05 PM UTC

We expect an August ISM services index of 54.5, up from 54.1 in July but keeping the index in a tight range, which held between 53.6 and 54.5 between March and July. 

Preview: Due September 3 - U.S. July Trade Balance - Advance goods data suggests widest post-tariff deficit

September 2, 2026 12:54 PM UTC

We expect a July trade deficit of $90.5bn, up from $73.3bn in June and the widest since the record pre-tariff deficit of $133.0bn seen in March 2025. The deficit will also be lower than those of December 2024 and January and February of 2025, but before then the last deficit that exceeded our foreca

U.S. Fed's Williams - Yields rising on strong economy

September 2, 2026 12:47 PM UTC

Fed's Williams does not sound hawkish on inflation. Fed's Waller speaks tomorrow and should be watched.

EUR/USD, USD/JPY flows: As you were out of ADP, mkt still digesting backdrop

September 2, 2026 12:32 PM UTC

ADP broaldy within expectations, offers no new lean into payrolls
Minor adjustments on non-yielding (CHF) and risk sides
But otherwise contained trade, digesting how bond-risk-FX plays out near-term

U.S. August ADP Employment - Consistent with low hiring and low firing

September 2, 2026 12:32 PM UTC

August’s ADP estimate of private sector employment of 38k is on the weak side of expectations, and a slight slowing from a subdued July of 46k (revised only marginally from 44k). 

Weekly Chart EUR/USD Update: Leaning lower - sentiment and studies under pressure

September 2, 2026 12:01 PM UTC

Consolidation following the test of strong resistance at 1.1700, (congestion and 50% Fibonacci retracement), has given way to a pullback

BOE September Preview: No 2026 Hike

September 2, 2026 10:31 AM UTC

·       BOE Bailey at Jackson hole highlighted the quite subdued 2nd round effects from the Iran war surge in energy prices, which suggests that the bulk of the MPC will likely not vote for a hike at the September 17 MPC meeting.  A risk does exist of a Q4 hike, though our central view is fo

FX Daily Strategy: N America, Sep 2

September 2, 2026 9:29 AM UTC

RBNZ Hike by 25bps
Bank of Canada Risks on both sides 
U.S. August ADP Another subdued month

Chart USD/CHF Update: Extending gains in USD- and CHF-driven trade

September 2, 2026 8:35 AM UTC

Consolidation above 0.8100 has given way to anticipated gains

Psychology for major markets Sep 2

September 2, 2026 8:26 AM UTC

Risk Broadly Soft

Chart USD Index DXY Update: Pushing higher

September 2, 2026 8:23 AM UTC

Consolidation above congestion support at 99.50 has given way to anticipated gains 

Chart EUR/USD Update: Room for lower

September 2, 2026 7:53 AM UTC

Little change, as prices extend cautious/choppy trade above support at the 1.1578 low from 28-31 August

Chart GBP/USD Update: Prices remain under pressure

September 2, 2026 7:45 AM UTC

Anticipated losses have reached congestion support at 1.3500

EUR/USD, USD/JPY flows: Focus still on bond-risk-FX interplay

September 2, 2026 7:18 AM UTC

Focal point still on rising yields and the interplay with risk, and then to FX
USD/JPY finds supply and some rotation to CHF; maybe signs of tightening and renewed risk support

Weekly Chart USD/CNH: Consolidating, scope for bounce

September 2, 2026 6:17 AM UTC

Steadied at the 6.7150 August fresh year low as prices consolidate losses from the June swing high

FX Daily Strategy: Europe, Sep 2

September 2, 2026 5:50 AM UTC

RBNZ Hike by 25bps
Bank of Canada Risks on both sides 
U.S. August ADP Another subdued month

USD/JPY flows: Wind Began to Blow

September 2, 2026 5:20 AM UTC

BOJ hawk Takata says nimble rate hikes needed as inflation risks build

AUD/USD flows: Hardballing

September 2, 2026 2:26 AM UTC

US strikes Iranian tankers for first time under new deterrence policy

Chart GBP/USD Update: Under pressure, 1.3500 at risk

September 2, 2026 1:54 AM UTC

Prices remain under pressure to extend losses from the 1.3675 August high to approach the 1.3500 level

Chart EUR/USD Update: Under pressure

September 2, 2026 1:37 AM UTC

Consolidating test of the 1.1575 support but pressure remains on the downside and see scope for break here to extend losses from the 1.1710 high

Chart USD/JPY Update: Extending gains

September 2, 2026 1:06 AM UTC

Consolidation below the 160.20 high of last week has given way to break to extend gains from the 155.22, August low