Preview: Due September 29 - Canada July GDP - Subdued start to Q3

September 15, 2026 5:10 PM UTC

We expect July GDP to be unchanged, a pause after three straight gains in Q2. This would be in line with the preliminary estimate for July made with June’s report. 

Chart USD/CAD Update: Range trade - daily studies rising

September 15, 2026 3:35 PM UTC

Little change, as prices extend cautious trade within the tight 1.3900 - 1.3925 range

Back at 5%: Unpacking the US Treasury selloff

September 15, 2026 2:55 PM UTC

* USTs revisit the big psychological level after big selloff
* Sep move has been mainly policy led, with the curve responding
* Longer term trend has been a real risk premium story – with real rates backup led by additional risk/compensation/reduced scarcity effects.  Breakeven inflation expectatio

Chart EUR/JPY Update: Limited tests higher

September 15, 2026 1:32 PM UTC

The retest of strong support at the 177.85 weekly low of 9 September and congestion around 178.00 has given way to a fresh bounce in JPY-driven trade

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

September 15, 2026 12:57 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.

U.S. September Empire State Manufacturing Survey - Some loss of momentum, prices firm

September 15, 2026 12:47 PM UTC

September’s Empire State manufacturing index at 7.6 is still positive but down from a very strong 20.6 in August that was the strongest since December 2021. The data follows modest slowing in August’s ISM and S and P manufacturing PMIs, though both also remained clearly positive.

Chartbook: Chart EUR/CHF: Fresh year highs - background studies improving

September 15, 2026 12:19 PM UTC

Consolidation beneath 0.9250 has given way to anticipated gains

Chart EUR/SEK Update: Fresh year highs - studies continue to rise

September 15, 2026 10:57 AM UTC

Choppy trade around 11.1500 has given way to anticipated gains

Europe Summary and Highlights 15 Sep

September 15, 2026 10:07 AM UTC

Some position lightening on USD/JPY extends to next resistance
UK labour market soft, though no additional GBP impact felt
Same global backdrop, with oil, yields and equities feeling pressure

Chart EUR/CHF Update: Leaning lower

September 15, 2026 10:01 AM UTC

The pullback from the 0.9475 current year high of 14 September is giving way to consolidation above 0.9425

FX Daily Strategy: N America, Sep 15

September 15, 2026 9:14 AM UTC

Spec data shows mkt turned long kiwi - often a contrary indicator
Risk sentiment turns weaker, squeezing dollar, as oil catches up with sentiment; AI complications
Soft UK labour market data, followed by CPI, provide the run in to the next BoE meeting

Chart USD/CHF Update: Balanced beneath year highs

September 15, 2026 8:31 AM UTC

Little change, as mixed intraday studies and flattening overbought daily stochastics prompt cautious trade within the 0.8150 - 0.8200/07 range

Chart EUR/GBP Update: Further immediate losses to remain limited

September 15, 2026 8:16 AM UTC

The anticipated break below congestion support at 0.8560 has bounced from above further support at 0.8547, (GBP/EUR 1.1700), as oversold intraday studies unwind

Chart USD Index DXY Update: Room for higher

September 15, 2026 7:52 AM UTC

Choppy trade has given way to a fresh push higher

Chart EUR/USD Update: Prices remain under pressure

September 15, 2026 7:36 AM UTC

Anticipated losses have reached support at the 1.1520 Fibonacci retracement

Chart GBP/USD Update: Poised for fresh losses

September 15, 2026 7:23 AM UTC

Little change, as prices extend pressure on support at the 1.3475 Fibonacci retracement

GBP/USD, EUR/GBP flows: Labor mkt data remains soft; BoE to adjust long-end QT

September 15, 2026 6:39 AM UTC

UK Labour market data shows ongoing soft trend
Press suggest BoE to scrap 20-30yr gilt sales at upcoming QT decision
GBP still in the pack, but cable remains heavy

China August Activity Data Review: Further Divergence among the Three Horses

September 15, 2026 2:52 AM UTC

China’s economic imbalances continued to deepen in August, as sluggish retail sales and a fixed-asset investment slump highlighted persistent weakness in domestic demand, with analysts expecting more policy stimulus from Beijing to stave off downside risks. Export and Industrial numbers again salv

Chart GBP/USD Update: Under pressure

September 15, 2026 1:59 AM UTC

Still limited below the 1.3475 support but pressure remains on the downside following rejection from the 1.3568 high of last week

Chart EUR/USD Update: Under pressure

September 15, 2026 1:50 AM UTC

Consolidation at 1.1575 support has given way to break to extend losses from the 1.1655 swing high of last week