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July 20, 2026
FX Weekly Strategy: Americas, Jul 20-24
July 20, 2026 9:55 AM UTC
ECB meeting main event, though Lagarde will be reluctance to provide a clear hint on the September meeting.
Tech correction could be more relevant this week, watching performance of broader market and volatility
New UK PM takes over and confirms cabinet. Sterling already bought the rumour near-term?
The Endpoint Problem: US Asset Prices, Investment and the Current Cycle
July 20, 2026 8:00 AM UTC
· Asset Price Index (API) framework suggests the US gap is elevated and, on some constructs, has moved into top-decile territory.
· The question is whether prices, capex and financing conditions are beginning to reinforce the same cyclical risk-accumulation dynamics.
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FX Weekly Strategy: Europe, Jul 20-24
July 20, 2026 4:50 AM UTC
ECB meeting main event, though Lagarde will be reluctance to provide a clear hint on the September meeting.
Tech correction could be more relevant this week, watching performance of broader market and volatility
New UK PM takes over and confirms cabinet. Sterling already bought the rumour near-term?
July 17, 2026
Preview: Due July 20 - Canada June CPI - Energy to correct lower but BoC core rates seen mostly stable
July 17, 2026 5:39 PM UTC
We expect June Canadian CPI to correct lower to 3.0% yr/yr from May’s 3.2% which was the highest since December 2023, with a slowing to 2.98% from 3.23% before rounding. The Bank of Canada’s core rates however are likely to remain mostly stable with CPI-Median at 2.1% and CPI-Trim at 2.0%, both
Preview: Due July 30 - U.S. Q2 GDP - Strong domestic demand but weakness in net exports and inventories
July 17, 2026 5:13 PM UTC
We expect a modest Q2 GDP increase of 1.4% annualized, though there is still uncertainty over June data for trade and inventories, which we expect to act as negatives in the quarter as a whole, while assuming some improvement in their June data.
Preview: Due July 30 - U.S. Q2 GDP - Strong domestic demand but weakness in net exports and inventories
July 17, 2026 5:12 PM UTC
We expect a modest Q2 GDP increase of 1.4% annualized, though there is still uncertainty over June data for trade and inventories, which we expect to act as negatives in the quarter as a whole, while assuming some improvement in their June data.