Freemium Content

August 07, 2026

North American Summary and Highlights 7 August

August 7, 2026 7:50 PM UTC

Overview - The USD fell on a weaker than expected US employment report. CAD was particularly strong with Canada’s employment report exceeding expectations.

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

August 7, 2026 3:53 PM UTC

Cautious trade has given way to anticipated losses

U.S. July Employment - Softer payroll and falling unemployment hint at labor shortages, but no lift to earnings

August 7, 2026 1:20 PM UTC

July’s non-farm payroll at -23k with negative back month revisions is weaker than expected but largely because of negatives in government led by local government education and leisure and hospitality, which may reflect labor shortages. A declining labor force saw the unemployment rate fall, to 4.1

This week's five highlights

August 7, 2026 1:00 PM UTC

U.S. July Non-Farm Payrolls to be Stronger than June
U.S. Trade Deficit corrects lower in June
The Fed's Balance Sheet
A.I. and Equities
USD/JPY Remain Capped

Chart GBP/USD Update: Cautious trade

August 7, 2026 7:32 AM UTC

Still little change, as prices extend cautious trade

Chart GBP/USD Update: Extend consolidation below 1.3500

August 7, 2026 1:57 AM UTC

Little change, as prices extend consolidation below the 1.3500 level

August 06, 2026

North American Summary and Highlights 6 August

August 6, 2026 7:51 PM UTC

Overview - The USD was firmer on a pick-up in Middle East risks.

Chart USD/CAD Update: Consolidating test of 1.3980/00 - background studies under pressure

August 6, 2026 4:00 PM UTC

The anticipated test of support at the 1.3980 Fibonacci retracement and the 1.4000 break level is giving way to expected consolidation

Preview: Due August 7 - U.S. July Employment (Non-Farm Payrolls) - Stronger than June, but with a rise in unemployment

August 6, 2026 1:27 PM UTC

We expect July’s non-farm payroll to rise by 120k overall and by 110k in the private sector, a significant improvement from June’s respective gains of 57k and 49k but largely explained by a recovery in leisure and hospitality. We expect unemployment to rise to 4.3% from 4.2%, reversing a June de

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

August 6, 2026 7:30 AM UTC

Little change, as prices extend cautious trade around 1.3460

Chart GBP/USD Update: Range-bound in consolidation

August 6, 2026 1:52 AM UTC

Little change, as prices extend consolidation within the Monday's range above the 1.3400 level

August 05, 2026

North American Summary and Highlights 5 August

August 5, 2026 7:56 PM UTC

Overview - It was another quiet day with the USD slightly softer, notably versus the CAD.

Chart USD/CAD Update: Lower in range - background studies under pressure

August 5, 2026 4:03 PM UTC

Cautious trade has given way to a sharp pullback in CAD-driven trade

Chart GBP/USD Update: Cautious trade - limited tests higher

August 5, 2026 7:30 AM UTC

Cautious trade has given way to a drift higher

Chart GBP/USD Update: Shallow pullback

August 5, 2026 1:44 AM UTC

Settled back from test of the 1.3500 level as prices consolidate strong gains from the 1.3275 low of last week

August 04, 2026

North American Summary and Highlights 4 August

August 4, 2026 7:50 PM UTC

Overview - While the market saw some optimism on Middle East peace prospects, the FX market was quiet.

Chart USD/CAD Update: Limited CAD-driven gains

August 4, 2026 3:59 PM UTC

Cautious trade is giving way to a CAD-driven bounce

Chart GBP/USD Update: Consolidating pullback from 1.3500

August 4, 2026 7:26 AM UTC

The minor pullback following the test of congestion resistance at 1.3500 has reached 1.3420

Chart GBP/USD Update: Consolidating test of 1.3500

August 4, 2026 1:58 AM UTC

Backed off from test of the 1.3500 level as prices consolidate strong gains from the 1.3275 low of last week

August 03, 2026

North American Summary and Highlights 3 August

August 3, 2026 7:40 PM UTC

Overview - The USD saw some gains supported by strong ISM manufacturing data.

Chart USD/CAD Update: Cautious trade - any gains to remain limited

August 3, 2026 3:58 PM UTC

Little change, as prices extend cautious trade within the 1.4000 - 1.4050 range

Chart GBP/USD Update: Consolidating test of 1.3500 - daily studies rising

August 3, 2026 7:33 AM UTC

Choppy trade has given way to the anticipated test of congestion resistance at 1.3500

Chart GBP/USD Update: Consolidating test of 1.3500, room for higher later

August 3, 2026 2:01 AM UTC

Higher at the open has seen gains to tag the 1.3500 level before settling back in consolidation

July 31, 2026

North American Summary and Highlights 31 July

July 31, 2026 7:19 PM UTC

Overview - The USD saw some recovery but fell to new lows in North America.

Chart USD/CAD Update: Consolidating - studies under pressure

July 31, 2026 4:16 PM UTC

Sharp losses have reached support at 1.4000, where rising intraday studies are prompting consolidation beneath resistance at 1.4050