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September 25, 2026
FX Weekly Strategy: Asia, Sep 28 - Oct 2
September 25, 2026 3:17 PM UTC
High profile US data, but would need something big to impact now after recent steep mkt adjustment
Dollar retains bullish posture overall, but a overstretched and consolidating/correcting steep run to levels on most pairs
Japan rolls out the verbals; BoE comments hint at dab in November
Round of CB mee
U.S. July Durable Goods Orders - Some loss of momentum in Q3 to date
September 25, 2026 12:53 PM UTC
August durable goods orders are unchanged, a little stronger than expected overall, but the ex transport gain of 0.3% is weaker than expected and even with July revised up to 0.7% from 0.4% Q3 data to data has been slower than Q2’s.
U.S. July Durable Goods Orders - Some loss of momentum in Q3 to date
September 25, 2026 12:50 PM UTC
August durable goods orders are unchanged, a little stronger than expected overall, but the ex transport gain of 0.3% is weaker than expected and even with July revised up to 0.7% from 0.4% Q3 data to data has been slower than Q2’s.
Weekly Chart USD Index DXY: Consolidating gains - background studies remain positive
September 25, 2026 12:13 PM UTC
The anticipated continuation of late-August gains has met selling interest just beneath strong resistance at 101.50,
with prices settling back towards congestion support at 101.00.
Overbought daily stochastics are turning down, highlighting room for a break beneath here towards the 100.50 break level.
SNB: Keeps Rates Unchanged - in no Rush to Hike
September 25, 2026 11:06 AM UTC
Yesterday’s announcement left the SNB on hold at 0% while nudging its inflation forecast modestly upwards and dialling down its threat of intervention as a weakening in the Franc prompted it to pivot towards more vigilance on inflation. The market expects the SNB to hike early next year but we see
SNB: Keeps Rates Unchanged - in no Rush to Hike
September 25, 2026 11:05 AM UTC
Yesterday’s announcement left the SNB on hold at 0% while nudging its inflation forecast modestly upwards and dialling down its threat of intervention as a weakening in the Franc prompted it to pivot towards more vigilance on inflation. The market expects the SNB to hike early next year but we see
Europe Summary and Highlights 25 Sep
September 25, 2026 10:02 AM UTC
USD/JPY trims, FinMIn Katayama advertises Trump's concern at yen weakness
Bonds, dollar steady in the morning after rapid run
Cable offered touch of support from recent BoE comments lifting Nov hike odds
Oil trims as US-Iran talks continue, market not overly convinced of anything soon
Mexico: Stable Rates Diverging From The Fed
September 25, 2026 7:52 AM UTC
· As expected Banxico left the policy rate unchanged at 6.50%, with the statement clarifying that the Mexican and U.S. economies are different and Banxico will not mechanically follow the Fed. The focus now is on the lagged benefit of easing and the inflation trajectory. Banxico will
Mexico: Diverging From The Fed
September 25, 2026 7:52 AM UTC
· As expected Banxico left the policy rate unchanged at 6.50%, with the statement clarifying that the Mexican and U.S. economies are different and Banxico will not mechanically follow the Fed. The focus now is on the lagged benefit of easing and the inflation trajectory. Banxico will
EUR/USD, USD/JPY, GBP/USD flows - Trump yen concern; bonds hit some big levels; BoE priced in for Nov
September 25, 2026 7:04 AM UTC
USD/JPY sees some capping as Japan advertises Trump yen concerns
Cable at base area; BoE hint at Nov dab, now mainly priced in
Oil trims, still off lows ; phased deal talk, though US seems in no hurry for Iran concessions
September 24, 2026
U.S. August New Home Sales - More strong data but this one will be hard to sustain
September 24, 2026 2:14 PM UTC
August new home sales with a 6.4% rise to 684k have more than fully erased a 4.3% July decline (previously reported as -10.5%). This continues the recent string of stronger than expected US data, even in housing, identified by Fed Chairman Warsh at Jackson Hole and one of two areas of weakness, alon
