Chart USD/CAD Update: Any break above 1.3900 to remain limited

August 18, 2026 3:59 PM UTC

Consolidation above the 1.3845 low of 17 August is giving way to a break higher

Preview: Due August 27 - U.S. July Advance Goods Trade Balance - Wider in nominal and real terms

August 18, 2026 3:39 PM UTC

We expect a July advance goods trade deficit of $105.0bn, up from $101.4bn in June but slightly below the $105.3bn seen in May. May saw the widest deficit since the record $158.7bn of March 2025 immediately before the reciprocal tariffs were announced. 

FX Daily Strategy: Asia, Aug 19

August 18, 2026 3:00 PM UTC

Australian Q2 Wage Growth Under Spotlight
May Kill Room for Aussie to extend gains
Can Intervention Keep the Lid on USD/JPY

U.S. July Pending Home Sales - Getting close to January's record low

August 18, 2026 2:15 PM UTC

Pending home sales have fallen by 2.3% in July, a second straight decline to follow four straight gains that came off a record low seen in January. We are now only 0.6% above that record low, so this is clearly a weak figure.

EUR/USD, USD/JPY, DXY flows - new long end yield highs jangle nerves

August 18, 2026 1:33 PM UTC

Push out in long end US yields to refresh post 2007 highs 
May start to jangle nerves as risk mkt emerge from low vol summer-happy mood

U.S. July Industrial Production - Healthy excluding a dip in autos

August 18, 2026 1:33 PM UTC

July industrial production with a 0.2% increase was slightly weaker than expected but manufacturing with a 0.2% increase was in line. A 0.4% increase in manufacturing ex autos however hints at some underlying strength.

U.S. July Housing Starts and Permits - Mixed but broader picture near neutral

August 18, 2026 12:51 PM UTC

July housing starts with a 12.4% decline to 1.239m contrast a rise in permits of 5.0% to 1.443m, though the plunge in starts follows a 19.7% rise in June while the rise in permits follows a 2.6% decline in June. Starts remain above May’s level while permits are the strongest since February.

Chart EUR/SEK Update: Consolidating gains as studies turn mixed

August 18, 2026 11:25 AM UTC

Anticipated gains have extended beyond 11.0000 to reach 11.0520, where flat overbought daily stochastics are prompting a pullback and consolidation 

Chart EUR/CHF Update: Extending consolidation beneath year high

August 18, 2026 10:09 AM UTC

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

Europe Summary and Highlights 18 Aug

August 18, 2026 9:57 AM UTC

Little traction outside of modest NZD pullback
Risk tone tempered by US-Iran escalating standoff 
UK labour data helps keep BoE paused in wait and see mode

FX Daily Strategy: N America, Aug 18

August 18, 2026 9:06 AM UTC

Summer doldrums allow mkt to entertain both low vol risk/dollar and Iran standoff at the same time - though tensions start to show
Canada trade talks remain a key event for the week
EUR/CHF checked by stiffer resistance at Dec25 highs, but only corrective

Chart USD/CHF Update: Back in range

August 18, 2026 8:37 AM UTC

Cautious trade around 0.8080 has given way to a bounce

Chart USD Index DXY Update: Back in range - background studies under pressure

August 18, 2026 8:27 AM UTC

The break below 99.50 has not been sustained

Psychology for major markets Aug 18

August 18, 2026 8:27 AM UTC

Reality Kicking In

Chart EUR/GBP Update: Cautious trade - studies improving

August 18, 2026 8:01 AM UTC

Little change, as prices extend cautious trade within the 0.8547 - 0.8560 range

Chart EUR/USD Update: Turning away from resistance - studies remain positive

August 18, 2026 7:40 AM UTC

The test of resistance within congestion around 1.1600 and the 1.1620~ weekly high of 15 June is giving way to a pullback