North American Summary and Highlights 8 October

October 8, 2026 7:13 PM UTC

Overview - The USD was marginally softer, as UST yields slipped despite gains in oil. 

USD/JPY flows - Respectable 30-year auction, Warsh to speak next week

October 8, 2026 5:33 PM UTC

Today’s 30-year auction was not as impressive as the 10-year auction yesterday, but showed respectable demand keeping UST yields well off earlier highs, and that is weighing on the USD, USD/JPY in particular.

AUD/USD, EUR/AUD flows - AUD Underappreciated

October 8, 2026 3:01 PM UTC

The USD rally against most DM currencies since early September has dragged along the AUD, which is little changed over the last month versus the EUR!

Preview: Due October 9 - Canada September Employment - Only a modest rise after a sharp decline

October 8, 2026 12:53 PM UTC

We expect Canadian employment to increase by a marginal 5k in September after 41.7k decline in August, though a second straight decline after three straight healthy gains is a significant risk. We expect the unemployment rate to increase to 6.5% after two months at 6.4%.

US Initial Claims remain very low but not a clear signal for October's payroll

October 8, 2026 12:42 PM UTC

Initial claims at 197k remain very low, down by 2k from 199k with last week’s number revised from 197k. Continued claims saw a modest upward correction of 17k, the first increase in five weeks, to 1.716k with last week revised to 1.699k from 1.701k.

U.S. Fed's Waller - Consistent with message from the minutes

October 8, 2026 12:02 PM UTC

Fed's Waller expects further rate hikes, but not necessarily at consecutive meetings. 

FX Daily Strategy: N America Oct 8

October 8, 2026 10:00 AM UTC

·       USD watching U.S. Treasuries   
·       ECB monetary accounts and France
·       GBP safe haven

EUR/USD, USD/JPY flows - Trump New Iran Attack?

October 8, 2026 9:30 AM UTC

 The USD has not been moved by new reports from Axios that the Trump administration is discussing plans for a new attack on Iran.  

EUR/GBP, GBP/USD flows - Soft Credit Conditions and BOE Bailey

October 8, 2026 8:44 AM UTC

 The BOE credit conditions survey shows soft credit supply and demand for small to mid sized corporates. 

Weekly Chart AUD/USD: Room to extend September losses

October 8, 2026 6:47 AM UTC

Has seen bounce at the .6900 level and channel support from the March low as prices consolidate losses from the September high

EUR/USD, USD/JPY flows - USD Trading Sideways

October 8, 2026 6:45 AM UTC

The USD is trading sideways in early Europe, with the FOMC minutes having reinforced the view that the next hike will be in December from the Fed.  

FX Daily Strategy: Europe Oct 8

October 8, 2026 4:30 AM UTC

·       USD watching U.S. Treasuries   
·       ECB monetary accounts and France
·       GBP safe haven

Chart USD Index DXY Update: Holds firm above 101.80/101.65 support

October 8, 2026 2:32 AM UTC

Back to pressure the upside following bounce from support at the 101.80/101.65, June/July highs

Chart NZD/USD Update: Ranging above .5580/.5578 lows

October 8, 2026 2:17 AM UTC

Little change, as prices extend choppy trade above the .5580/.5578 Monday and November lows after failing to clear resistance at the .5625

Chart GBP/USD Update: Settled back to consolidate at 1.3200/1.3180 support

October 8, 2026 1:50 AM UTC

Settled back in choppy trade as resistance at the 1.3273/1.3300 area keep bounce attempt in check

Chart EUR/USD Update: Settled back in consolidation

October 8, 2026 1:34 AM UTC

Gave way to selling pressure below minor resistance at 1.1285 and break of the 1.1210/00 support has seen return to the 1.1161 low