Americas Insights

September 07, 2026

FX Daily Strategy: Asia, Sep 8

September 7, 2026 2:49 PM UTC

USD/JPY remains under pressure, if getting oversold, deeper support down at 152/3
Riksbank not in a rush as CPI slows, SEK crosses though are stretched towards bigger tops
BoE TSC testimony. Majority view still wait and see, BoE the laggard
Canada-US tariffs remain a running issue, low key market impac

Chart AUD/USD Update: Edging higher

September 7, 2026 1:18 PM UTC

Still little change, as mixed intraday studies keep near-term sentiment cautious

Weekly Chart GBP/USD Update: Consolidating test of support - studies under pressure

September 7, 2026 1:02 PM UTC

The anticipated test below 1.3500 has reached support at the 1.3475 Fibonacci retracement, where a tick higher in oversold daily stochastics is prompting a bounce into fresh consolidation above 1.3500.

Chart USD/JPY Update: Extending July losses in JPY-driven trade

September 7, 2026 10:45 AM UTC

Cautious trade around 156.00 has given way to a sharp break lower in JPY-driven trade

FX Weekly Strategy: N America, Sep 7-11

September 7, 2026 10:16 AM UTC

US CPI a key focal point. We see upside risks at 0.3% core
ECB hike fully priced in; attention turns to forecasts and commentary on policy stance
Sharp USD/JPY lurch down may have left behind better supply into bounces, further downside risks ahead
BoE seen back of the tightening pack, sterling could s

Psychology for major markets Sep 7

September 7, 2026 9:07 AM UTC

USD/JPY Down A Figure

USD/JPY, DXY flows: Running on after taking out support

September 7, 2026 8:47 AM UTC

USD/JPY taking out the key support from last week

Chart USD/CHF Update: Cautious trade - studies under pressure

September 7, 2026 8:24 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around congestion resistance at 0.8100

Chart USD Index DXY Update: Under pressure

September 7, 2026 8:19 AM UTC

Little change, as prices extend cautious trade around congestion support at 99.00

Weekly Chart AUD/USD: Extending gains

September 7, 2026 7:40 AM UTC

Shallow pullback from the .7200 level has given way to bounce from above strong support at the .7100/.7080 area to pressure the .7200 level

Chart EUR/USD Update: Cautious trade

September 7, 2026 7:37 AM UTC

Little change, as prices extend cautious trade above congestion support at 1.1600

Strait of Hormuz Scenarios

September 7, 2026 7:32 AM UTC

Our new baseline (60%) is for a new ceasefire deal into Q4 2026 or Q1 2027 that allows more shipping to pass through the Strait of Hormuz. We feel that economic pressure on Iran remains intense and that Iran will want to lift the U.S. blockade on its energy shipments and export revenue. The Trump

Chart GBP/USD Update: Consolidating - background studies under pressure

September 7, 2026 7:23 AM UTC

Anticipated minor tests higher have not been seen

EUR/SEK, NOK/SEK flows: CPI supports lack of broad inflation, Riksbank 'scope to wait'

September 7, 2026 7:04 AM UTC

Downside surprise on CPI breaks the recent pick up and supports Riskbank having scope to wait
EUR/SEK, NOK/SEK bounce albeit still with overhead resistance after o/b runs

USD/JPY flows: Hovering at Lows

September 7, 2026 5:12 AM UTC

USD/JPY Stay Near 156

FX Weekly Strategy: Europe, Sep 7-11

September 7, 2026 3:57 AM UTC

AUD/USD flows: Regional Tech Sentiment Strong

September 7, 2026 2:45 AM UTC

KOSPI leading with 3% gains

Chart GBP/USD Update: Steadied at 1.3475 support

September 7, 2026 1:38 AM UTC

Turned up from the 1.3475 low as prices consolidate losses from the 1.3675 August high

Chart EUR/USD Update: Consolidating above 1.1575 support

September 7, 2026 1:20 AM UTC

Edged up from test of the 1.1575 support as prices consolidate losses from the 1.1710 high

Chart USD/JPY Update: Range-bound in consolidation

September 7, 2026 12:46 AM UTC

Higher in range following retest of the 155.22 August low as prices consolidate sharp drop from the 160.00/160.50 resistance

Chart NZD/USD Update: Consolidating

September 7, 2026 12:31 AM UTC

Bounce from support at the .5815/00 area last week has seen gains checked at the .5900 resistance

Chart AUD/USD Update: Focus remains on .7278, May YTD high

September 7, 2026 12:22 AM UTC

Consolidating at the .7200 level but pressure remains on the upside and see scope to extend bounce from the .7121 low of last week

September 04, 2026

This week's five highlights

September 4, 2026 11:00 PM UTC

U.S.-Iran Exchanging Fire Again
Bank of Canada Now expecting a December tightening
Another 25bps for RBNZ
U.S. July Trade Deficit surge restrained by Service revisions
USD/JPY Consolidating test of 155.22/00 support

North American Summary and Highlights 4 September

September 4, 2026 7:53 PM UTC

Overview - The USD was supported by strong US employment data, particularly versus the CAD given a contrast with a weak Canadian employment report.

Preview: Due September 16 - U.S. August Retail Sales - Autos and non-store sales to lead bounce from weak July

September 4, 2026 7:29 PM UTC

We expect August retail sales to rise by 1.0% in a rebound from a 0.6% July decline that was the first fall since October 2025. Autos and non-store retailers will lead the rise, the latter due to July being depressed by Amazon running a promotion in June rather than the usual July.