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August 05, 2025

Chart USD/CAD Update: Cautious trade - daily studies leaning lower
Freemium Article

August 5, 2025 4:04 PM UTC

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

FX Daily Strategy: Asia, August 6th
Paying Article

August 5, 2025 4:00 PM UTC

Labor Cash Earning Remains Critical for BoJ Decision
A Few Fed Speakers May Have a Change of Mind 
Rather Empty Calendar let Trump to Move Market

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Preview: Due August 15 - U.S. July Retail Sales - Trend losing momentum
Paying Article

August 5, 2025 3:55 PM UTC

We expect a 0.1% increase in July retail sales to follow two straight declines, with 0.1% decline ex autos and an unchanged outcome ex autos and gasoline. This would restore a slowing trend after June saw a correction from declines in April and May.

U.S. July ISM Services - Consistent with payroll weakness
Paying Article

August 5, 2025 2:17 PM UTC

July’s ISM services index of 50.1 is down from June’s 50.8 and while still above May’s 49.9 suggests minimal growth in activity, and gives support to the weak message of recent non-farm payroll data.

Chart AUD/USD Update: Cautious trade
Paying Article

August 5, 2025 1:55 PM UTC

Still little change, as prices extend cautious trade around 0.6465

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Norges Bank Preview (Aug 14): Amid Very Restrictive Stance, A Policy Pause – Already?
Paying Article

August 5, 2025 1:48 PM UTC

Although surprised, we thought the Norges Bank’s unexpected easing in June was very much warranted, as are the further cuts being flagged in the Monetary Policy Report (MPR) that came alongside – ie two more such moves by end year.  We actually envisage up to three more moves this year and arou

Chart EUR/JPY Update: Limited tests higher - studies under pressure
Paying Article

August 5, 2025 1:41 PM UTC

The anticipated test of 170.00 is giving way to a minor bounce

Chart USD/JPY Update: Cautious trade
Paying Article

August 5, 2025 1:24 PM UTC

The anticipated break below 147.00 has bounced from 146.65

June US trade deficit falls on weak imports, Canada trade deficit increases on one-time imports bounce
Paying Article

August 5, 2025 1:02 PM UTC

June’s US trade deficit of $60.2bn is even lower than expected, down from $71.7bn in May and in slipping marginally below April’s $60.3bn has reached its lowest level since September 2023. Exports fell by 0.5%, a second straight decline, but imports fell by 3.7%, a third straight fall as strong

FX Daily Strategy: N America, August 5th
Paying Article

August 5, 2025 9:55 AM UTC

ISM services may provide some USD support
JPY remains the most likely beneficiary of any risk or USD weakness
EUR/USD may remain broadly steady
CHF can fall further

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DM Rates: Slowdown Debate Trump’s Independence Question for Now

August 5, 2025 9:50 AM UTC

U.S. Treasury spreads versus other DM government bond markets or 10-2yr U.S. Treasuries are not yet showing a risk premium from the Trump administration attacks on the Fed and economic data. Debate over whether the U.S. is seeing a soft or hard landing are reemerging and this will dominate the outlo

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Indonesia Q2 GDP Beats Expectations
Freemium Article

August 5, 2025 9:45 AM UTC

Q2’s outperformance gives Indonesia’s economic planners breathing space. Investment recovery is a strong positive signal, but sustaining growth in H2 will depend on policy agility, export resilience, and keeping domestic consumption robust.

Chart USD Index DXY Update: Limited tests higher
Paying Article

August 5, 2025 8:10 AM UTC

Little change, as prices extend cautious trade beneath resistance at 99.00

Chart GBP/JPY Update: Consolidating at 195.35/00 support
Paying Article

August 5, 2025 7:38 AM UTC

Steadied at the 195.35/00 support as prices consolidate sharp drop from the 199.50 high of last week

Chart GBP/USD Update: Limited scope above 1.3300
Freemium Article

August 5, 2025 7:30 AM UTC

The test above congestion resistance at 1.3300 has met selling interest at 1.3330

Chart EUR/AUD Update: Extend consolidation above 1.7700 support
Paying Article

August 5, 2025 7:23 AM UTC

Turned up from the 1.7700 level as prices consolidate losses from the 1.8100 swing high

Chart AUD/NZD Update: Focus return to 1.0990 high
Paying Article

August 5, 2025 6:16 AM UTC

Consolidation at the 1.0910/00 area finally gave way to rebound to return focus to the 1.0990 high

Chart USD/TWD Update: Consolidating test of 30.000 level
Paying Article

August 5, 2025 5:55 AM UTC

No follow-through on break of the 30.000 level as prices consolidate gains from the 28.800 low

Chart USD/INR Update: Within reach of 87.9500, all-time high
Paying Article

August 5, 2025 5:22 AM UTC

Gapped up at the open to break the 87.7400 high of last week see prices extending the broader gains from the May low

Asia Summary and Highlights 5 Aug
Paying Article

August 5, 2025 5:05 AM UTC

Japan's Akazawa is yet to confirm the tariff agreement with the US

AUD/USD flows: Regional sentiment upbeat
Paying Article

August 5, 2025 4:59 AM UTC

Regional equities are upbeat
Australian June Household spending +0.5% m/m

FX Daily Strategy: Europe, August 5th
Paying Article

August 5, 2025 4:09 AM UTC

ISM services may provide some USD support
JPY remains the most likely beneficiary of any risk or USD weakness
EUR/USD may remain broadly steady
CHF can fall further

USD/JPY flows: More trade talks
Paying Article

August 5, 2025 3:58 AM UTC

Japan's Akazawa is yet to confirm the tariff agreement with the US

Chart USD/CNH Update: Weighing on 7.1800 support, break in focus
Paying Article

August 5, 2025 3:34 AM UTC

Consolidating test of the 7.1800 support as prices unwind oversold intraday studies

Chart USD/MYR Update: Extending pullback from 4.2820 swing high
Paying Article

August 5, 2025 3:21 AM UTC

Turned sharply lower from the 4.2820 swing high as prices retrace gains from the July current year low