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August 10, 2026
IMM Commitment of Traders Reports w/e Aug 4, $ longs cut but still remain; CAD the outlier now
August 10, 2026 10:20 AM UTC
IMM data for w/e Aug 4 unsurprisingly show record $ long was cut in some long liquidation
Yen shorts in particular retreats, albeit not back to flat - allowing recent USD/JPY oversold rebasing/backfilling
CAD the main exception, shorts stay at the highs. An outlier to watch for any surprises that sque
FX Weekly Strategy: N America, Aug 10-14
August 10, 2026 8:59 AM UTC
Outside of Iran, focus turns to key US CPI. Trend has been for very few core upside surprises
UK sees GDP, heatwave risks downside surprise, GBP kneejerk
Japan eyes BoJ comments from last meeting, to read the appetite for a Sep hike
Gold and silver still attempting to breakout higher from base
Taiwan: China Coastguard Quarantine Risks Grow
August 10, 2026 7:55 AM UTC
· Given China’s coastguard recent actions, we now raise the probability of a full quarantine of Taiwan shipping to 20% versus 10-15% in 2027/28 (Figure 2), with the probability of some further measures beyond radio requests now above 50% in 2027/28 and in our baseline. Quarantine meas
EUR/USD, USD/JPY, EUR/NOK Flows: core NOK CPI a little under, still waiting on Iran
August 10, 2026 6:58 AM UTC
Yen in Fri's bar, still basing and in n/t consolidation/correction mode
Iran says Oman deal close, rhetoric on US demands remains high
NOK inflation higher on headline but a little under on core, Norge hike odds relatively limited for Aug
FX Weekly Strategy: Europe, Aug 10-14
August 10, 2026 4:07 AM UTC
Outside of Iran, focus turns to key US CPI. Trend has been for very few core upside surprises
UK sees GDP, heatwave risks downside surprise, GBP kneejerk
Japan eyes BoJ comments from last meeting, to read the appetite for a Sep hike
Gold and silver still attempting to breakout higher from base
August 07, 2026
FX Weekly Strategy: Asia, Aug 10-14
August 7, 2026 3:55 PM UTC
Outside of Iran, focus turns to key US CPI. Trend has been for very few core upside surprises
UK sees GDP, heatwave risks downside surprise, GBP kneejerk
Japan eyes BoJ comments from last meeting, to read the appetite for a Sep hike
Gold and silver still attempting to breakout higher from base
Preview: Due August 18 - U.S. July Industrial Production - Modest manufacturing gain, stronger overall
August 7, 2026 3:45 PM UTC
We expect a 0.4% increase in July industrial production to follow two straight gains of 0.1%. For manufacturing we expect an increase of 0.2%, also improved from a flat June and a 0.1% increase in May.
Preview: Due August 18 - U.S. July Housing Starts and Permits - Modest declines, consistent with trend
August 7, 2026 3:07 PM UTC
We expect July housing starts to fall by 4.7% to 1360k while permits fall by 0.3% to 1370k. Trends in the housing sector appear to be showing a modest loss of momentum entering Q3.
Canada July Employment - Labor market slack being reduced
August 7, 2026 1:50 PM UTC
Canada’s July employment report comes as quite a contrast to the US one, with a strong employment gain of 75.1k and a fall in unemployment to 6.4% from 6.5% coming despite a 60.5k bounce in the labor force. Wages were however weak in the Canadian report, falling to 3.0% yr/yr from 3.7%. Canada’s
U.S. July Employment - Softer payroll and falling unemployment hint at labor shortages, but no lift to earnings
August 7, 2026 1:21 PM UTC
July’s non-farm payroll at -23k with negative back month revisions is weaker than expected but largely because of negatives in government led by local government education and leisure and hospitality, which may reflect labor shortages. A declining labor force saw the unemployment rate fall, to 4.1
U.S. July Employment - Softer payroll and falling unemployment hint at labor shortages, but no lift to earnings
August 7, 2026 1:20 PM UTC
July’s non-farm payroll at -23k with negative back month revisions is weaker than expected but largely because of negatives in government led by local government education and leisure and hospitality, which may reflect labor shortages. A declining labor force saw the unemployment rate fall, to 4.1