EMEA Insights

July 22, 2026

FX Daily Strategy: Europe, Jul 22

July 22, 2026 3:00 AM UTC

UK Fiscal Policy and the New Chancellor
DXY Cautious trade on Geopolitical Uncertainty
USD/JPY Still in Consolidation

Chart GBP/USD Update: Extending pullback from 1.3558 high

July 22, 2026 2:05 AM UTC

Under pressure as break of the 1.3400 level see prices extending pullback from the 1.3558 mid-July high

Chart EUR/USD Update: Under pressure

July 22, 2026 1:44 AM UTC

Under pressure, as prices extend pullback from the 1.1482 high of last week to weigh on support at the 1.1410/00 area

Chart EUR/JPY Update: Pressuring 186.00

July 22, 2026 1:32 AM UTC

Choppy trade from the 183.17 June low extending gains to pressure the 186.00 level

July 21, 2026

Chart USD/CAD Update: Further gains to remain limited

July 21, 2026 3:44 PM UTC

Cautious trade is giving way to fresh gains

FX Daily Strategy: Asia, Jul 22

July 21, 2026 3:00 PM UTC

UK Fiscal Policy and the New Chancellor
DXY Cautious trade on Geopolitical Uncertainty
USD/JPY Still in Consolidation

Chart EUR/JPY Update: Cautious trade

July 21, 2026 1:38 PM UTC

Little change, as prices extend cautious trade within the 185.50 - 186.00 range

Chart USD/RUB Update: Balanced at the 78.4600 Fibonacci retracement - studies improving

July 21, 2026 12:06 PM UTC

Steady buying interest has reached resistance at the 78.4600 Fibonacci retracement

Chart USD/ZAR Update: Cautious trade - background studies rising

July 21, 2026 11:21 AM UTC

Cautious trade has given way to a pullback

Chart EUR/CAD Update: Limited tests higher

July 21, 2026 10:59 AM UTC

Consolidation following the test of support within congestion around 1.6000 and the 1.6020 Fibonacci retracement has given way to a bounce

Chart EUR/CHF Update: Consolidating - background studies rising

July 21, 2026 9:55 AM UTC

Cautious trade above congestion support at 0.9230 has given way to a drift higher

FX Daily Strategy: Americas, Jul 21

July 21, 2026 9:52 AM UTC

Iran/U.S. Escalating
USD/JPY Coiled below 162.70/84 highs

Europe Summary and Highlights 21 July

July 21, 2026 9:50 AM UTC

Middle east remains the focus with high oil prices, but a new 10 day ceasefire proposal being considered.

Libya Country Risk Rating

July 21, 2026 9:00 AM UTC

Overall risk in Libya remains at a very high rating.

Chart USD/CHF Update: Cautious trade - background studies improving

July 21, 2026 8:21 AM UTC

Cautious trade has given way to a push higher to congestion resistance at 0.8100

Chart USD Index DXY Update: Pushing against 101.00

July 21, 2026 8:10 AM UTC

Cautious trade has given way to a test of resistance at 101.00

Chart EUR/GBP Update: Cautious trade - gains to remain limited

July 21, 2026 7:56 AM UTC

Little change, as choppy trade gives way to fresh consolidation around congestion resistance at 0.8500

Psychology for major markets July 19

July 21, 2026 7:54 AM UTC

Iran says any decision to reopen the Strait of Hormuz depends on security considerations

Chart EUR/USD Update: Consolidating - studies under pressure

July 21, 2026 7:49 AM UTC

Consolidation has given way to a drift lower to congestion support at 1.1400

Chart EUR/AUD Update: Extending losses within a descending triangle

July 21, 2026 7:34 AM UTC

Consolidation above support at the 1.6305/00 area has met with renewed selling pressure to extend losses from the 1.6620 June swing high

Chart GBP/USD Update: Daily studies continue to track lower

July 21, 2026 7:26 AM UTC

Cautious trade has given way to fresh selling interest

UK Fiscal Policy and the New Chancellor

July 21, 2026 6:18 AM UTC

· Apprehension will exist until the Autumn budget, despite a repeated commitment by PM Burnham to stick to the fiscal rules. Spending commitments are clearer than tax raises measures, while new Chancellor Healey may not be strong enough to curtail spending pressures. This could mean

NZD/USD flows: Hot Q2 CPI, Not in RBNZ's Eyes

July 21, 2026 5:45 AM UTC

NZ Q2 Q2 jumps to 4.1%
But RBNZ's own inflation model see Q2 2026 at 2.7% y/y

FX Daily Strategy: Europe, Jul 21

July 21, 2026 5:26 AM UTC

Iran/U.S. Escalating
USD/JPY Coiled below 162.70/84 highs

Chart GBP/USD Update: Consolidating above 1.3400

July 21, 2026 1:55 AM UTC

Lower in consolidation from the 1.3558 high as prices retrace strong gains from the 1.3442 low of last week