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January 07, 2026

USD/JPY flows: USD lower
Paying Article

January 7, 2026 5:39 AM UTC

USD lower

FX Daily Strategy: Europe, January 7th
Paying Article

January 7, 2026 5:03 AM UTC

AUD well supported regardless of CPI if risk appetite remains strong
USD and equities could be sensitive to non-manufacturing ISM
GBP strength looks excessive
EUR also starting to look toppy

AUD/USD flows: Inflation still above 3%
Paying Article

January 7, 2026 3:04 AM UTC

Australian November headline CPI 3.4% y/y, Trimmed Mean 3.2% y/y

Chart GBP/USD Update: Settled back in consolidation
Freemium Article

January 7, 2026 1:34 AM UTC

No follow-through on break above the 1.3555 Fibonacci level as prices settled back in consolidation to unwind overbought intraday studies

Chart EUR/USD Update: Leaning lower from December high
Paying Article

January 7, 2026 1:20 AM UTC

Pressure remains on the downside as prices extend pullback from the December high to pressure support at the 1.1700/1.1682 area

Chart EUR/JPY Update: Consolidating, room for lower later
Paying Article

January 7, 2026 1:04 AM UTC

Little change, as prices extend consolidation above the 182.80, Monday's low

January 06, 2026

FX Daily Strategy: Asia, January 7th
Paying Article

January 6, 2026 10:00 PM UTC

AUD well supported regardless of CPI if risk appetite remains strong
USD and equities could be sensitive to non-manufacturing ISM
GBP strength looks excessive
EUR also starting to look toppy

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Preview: Due January 14 - U.S. November Retail Sales - A mostly subdued month, but December may be stronger
Paying Article

January 6, 2026 7:53 PM UTC

We expect a modest 0.3% increase in November retail sales, with positive contributions from autos and gasoline, Ex autos we expect a rise of 0.2% with ex auto and gasoline sales rising by only 0.1%.

Chart USD/CAD Update: Extending pressure on 1.3800
Freemium Article

January 6, 2026 5:09 PM UTC

The anticipated retest of congestion resistance at 1.3800 is giving way to consolidation

FX Daily Strategy: APAC, January 7th
Paying Article

January 6, 2026 4:51 PM UTC

AUD well supported regardless of CPI if risk appetite remains strong
USD and equities could be sensitive to non-manufacturing ISM
GBP strength looks excessive
EUR also starting to look toppy

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Turkiye’s Foreign Trade Deficit Increased in 2025 Despite TRY Slide
Paying Article

January 6, 2026 4:49 PM UTC

Bottom Line: According to the preliminary annual figures announced by the Ministry of Trade on January 6, Turkiye’s foreign trade deficit increased to USD92.2 billion in 2025 from USD82.2 billion in 2024, partly due to higher purchases of investment goods and raw materials. According to preliminar

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German HICP Review: Headline and Core Down Afresh
Freemium Article

January 6, 2026 4:25 PM UTC

Germany’s disinflation process resumed with a bang as December saw a larger-than-expected fall in both headline and core inflation.  Indeed, the headline HICP fell 0.6 ppt to a five-month low of 2.0%.  This was largely food and energy driven but still with some fall in core at least according to

Preview: Due January 7 - U.S. December ISM Services - Headline and prices paid to slow
Paying Article

January 6, 2026 2:50 PM UTC

We expect December’s ISM services index to slip to 52.0 from November’s 9-month high of 52.6. A weaker December  S and P services PMI suggests downside risk with its revised level of 52.5 from 52.9 now marginally below November’s ISM services index. Regional Fed service sector surveys are mos

Preview: Due January 7 - U.S. December ADP Employment - Weekly data suggests November's decline will reverse
Paying Article

January 6, 2026 2:23 PM UTC

Weekly ADP data, showing an average weekly job increase of 11.5k in the four weeks to December 6, suggests a rebound in the December ADP employment report from a negative November, we expect by 50k, which would more than fully reverse November’s 32k decline while leaving trend subdued. 

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Preview: Due January 13 - U.S. December CPI - Soft November probably understates true picture
Paying Article

January 6, 2026 2:17 PM UTC

We expect gains of 0.3% in both December overall and ex food and energy CPI, with the gains being close to 0.3% even before rounding. There is extra uncertainty over this release as it is unclear whether the surprisingly soft data for November, after a missing October, represented a slowing in trend

Chart EUR/JPY Update: Under pressure
Paying Article

January 6, 2026 2:02 PM UTC

Still little change, as prices extend pressure on support at 183.00

Chart EUR/PLN Update: Cautious trade - daily studies under pressure
Paying Article

January 6, 2026 12:42 PM UTC

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

Chart USD/ZAR Update: Short-term consolidation before April losses resume
Paying Article

January 6, 2026 12:17 PM UTC

Anticipated losses have reached 16.3000~, where flat oversold daily stochastics are prompting consolidation

Chart EUR/CAD Update: Choppy trade - background under pressure
Paying Article

January 6, 2026 11:51 AM UTC

Choppy trade has given way to a minor bounce to congestion resistance at 1.6150

Europe Summary and Highlights 6 Jan
Paying Article

January 6, 2026 11:18 AM UTC

The USD gained a little ground through the European morning, primarily against the riskier currencies.

Psychology for major markets Jan 6
Paying Article

January 6, 2026 11:18 AM UTC

GBP and AUD firm, equities near highs

Chart EUR/CHF Update: Consolidating - studies under pressure
Paying Article

January 6, 2026 11:09 AM UTC

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

FX Daily Strategy: N America, January 6th
Paying Article

January 6, 2026 10:14 AM UTC

EUR slips slightly on softer preliminary CPI data
JPY still range bound but upside risks dominate
GBP strength is hard to trust
AUD gains well founded but may require more equity strength to extend

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Markets 2026
Paying Article

January 6, 2026 9:58 AM UTC

•    For financial markets, the muddle through for global economics and policy provides support for risk assets, combined with solid earnings prospects from some of the magnificent 7.  However, U.S. equities are once again significantly overvalued and we look for a 5-10% correction in 2026, b

Chart USD/CHF Update: Choppy in range - background studies under pressure
Paying Article

January 6, 2026 9:34 AM UTC

Anticipated gains failed to make much headway beyond congestion resistance at 0.7950