Freemium Content

September 22, 2026

North American Summary and Highlights 22 September

September 22, 2026 7:25 PM UTC

Overview - While the USD did take some lead from oil, the USD was slightly stronger while oil was softer.

Chart USD/CAD Update: Extending gains in both USD- and CAD-driven trade

September 22, 2026 3:34 PM UTC

Minor consolidation is giving way to further gains

DM ex U.S.: Weathering Higher Energy Prices

September 22, 2026 1:22 PM UTC

· EZ. We expect the Eurozone economy to remain resilient in coming quarters despite the ongoing energy shock. Household consumption growth should strengthen into 2027, supported by a recovery in real wage growth and by favourable employment increases. Increased defence and infrastructur

Chart GBP/USD Update: Cautious trade - studies remain under pressure

September 22, 2026 7:25 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation beneath congestion resistance at 1.3400

Chart GBP/USD Update: Shallow bounce

September 22, 2026 1:54 AM UTC

Little change, as prices hold a narrow range above the 1.3345/35, 61.8% Fibonacci level and Friday's low

September 21, 2026

North American Summary and Highlights 21 September

September 21, 2026 7:45 PM UTC

Overview - Oil was softer but the USD was well supported, if remaining below Friday’s highs.

Chart USD/CAD Update: Higher in CAD-dominant trade

September 21, 2026 4:12 PM UTC

Cautious trade is giving way to a fresh break higher in CAD-dominant trade

BRICS and G20 In Trump 2.0

September 21, 2026 8:35 AM UTC

· Though the BRICS summit ended with a joint communique, Trump 2.0 policies are stopping a unified counter to the U.S. or the West. The December G20 summit at Trump’s Doral golf course in Florida is also likely to see the G20 papering over the cracks at a global level. Regional ag

Chartbook: Chart EUR/JPY: Corrective gains expected to give way to selling pressure

September 21, 2026 7:42 AM UTC

Volatile trade in Q3 has seen sharp losses through the 182.00 support to confirm a double top at the 187.95/187.47, April and July highs

Chart GBP/USD Update: Choppy trade - studies remain under pressure

September 21, 2026 7:28 AM UTC

Choppy trade has given way to the anticipated test of congestion resistance at 1.3400

Chart GBP/USD Update: Turning higher in consolidation

September 21, 2026 1:41 AM UTC

Limited on break of the 1.3350/45 congestion and 61.8% Fibobacci level as prices turned up to consolidate sharp losses from the 1.3568, 9 September high

September 18, 2026

North American Summary and Highlights 18 September

September 18, 2026 7:19 PM UTC

Overview - USD/JPY bounced after the BoJ decision but the USD lost ground in North America to end little changed.

Chart USD/CAD Update: Balanced at resistance - studies improving

September 18, 2026 4:34 PM UTC

Little change, as prices extend cautious trade within the tight 1.3985 - 1.4000 resistance

Chart GBP/USD Update: Short-term consolidation - studies remain under pressure

September 18, 2026 7:25 AM UTC

Minor consolidation has given way to anticipated losses

BOJ: Future Policy Rate Hikes

September 18, 2026 7:15 AM UTC

· BOJ voted 7-2 for a 25bps hike to 1.25%, but neither the statement or Ueda press conference suggest a pick-up in the tightening pace. The economy and inflation remain more important than the JPY in BOJ decisions. The lagged feedthrough of the Iran war energy price shocks points to f

Chart GBP/USD Update: Consolidating, but still heavy

September 18, 2026 1:59 AM UTC

Edged up from test of the 1.3350/45 support as prices unwind oversold intraday and daily studies

September 17, 2026

North American Summary and Highlights 17 September

September 17, 2026 7:38 PM UTC

Overview - The USD remains near its post-FOMC highs. GBP slipped after the BoE left rates unchanged.

Chart USD/CAD Update: Balanced at resistance - background studies remain positive

September 17, 2026 3:56 PM UTC

Anticipated gains have reached resistance at the 1.3985 Fibonacci retracement and the 1.4000 break level

Chart GBP/USD Update: Short-term reactions from the 1.3370 Fibonacci retracement

September 17, 2026 7:31 AM UTC

Anticipated losses have reached strong support at the 1.3370 Fibonacci retracement

Brazil: 25bps Cut and No Pause Signaled

September 17, 2026 6:43 AM UTC

• Brazil cut the SELIC by 25bps to 13.75%, with the statement acknowledging slowing economic momentum and leaving the door open to a November cut. With still high real policy rates, plus a well underpinned Brazilian Real (BRL), we look for two 25bps cut in Q4 to 13.25% end 2026. A pause

Chart GBP/USD Update: Under pressure

September 17, 2026 2:07 AM UTC

Under pressure, as prices extend sharp break of the 1.3475/1.3450 area to reach towards support at the 1.3350/45

September 16, 2026

North American Summary and Highlights 16 September

September 16, 2026 8:03 PM UTC

Overview - The USD bounced on hawkish FOMC dots delivered with a 25bps tightening.

Chart USD/CAD Update: Scope for still higher

September 16, 2026 3:31 PM UTC

Cautious trade has given way to a drift into resistance within the 1.3925 Fibonacci retracement and congestion around 1.3950

EM Money Supply: Trends Diverge from Policy Rates

September 16, 2026 11:15 AM UTC

· M2 growth in China remains weak (pre 2015 the trend had been double digit), despite the low level of nominal and real policy rates. This reflects credit demand and supply problems. M2 growth will likely remain restrained by Chinese standards and act as a drag of nominal and real GDP

Chart GBP/USD Update: Consolidating - studies under pressure

September 16, 2026 7:37 AM UTC

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