Freemium Content

December 11, 2025

Eurozone Outlook: Running to Keep Fiscally Still?

December 11, 2025 10:09 AM UTC

· Amid what may still be tightening financial conditions and likely protracted trade uncertainty, we retain our below consensus activity forecast for 2026 but see a fiscally driven pick-up into 2027. However, the picture this year appears to be slightly better but the economy has actual

Chart GBP/USD Update: Consolidating gains - background studies rising

December 11, 2025 8:32 AM UTC

Consolidation above congestion support at 1.3300 has given way to a bounce

Chart GBP/USD Update: Pressuring 1.3385/1.3400 resistance

December 11, 2025 1:57 AM UTC

Consolidation at the 1.3300 level has given way to bounce to retest the 1.3385 high of last week

December 10, 2025

North American Summary and Highlights 10 Dec

December 10, 2025 8:49 PM UTC

Overview - The USD slipped on an as expected FOMC easing and extended losses during Powell’s press conference.

Chart USD/CAD Update: Balanced above 1.3800 - studies under pressure

December 10, 2025 4:46 PM UTC

Little change, as mixed/negative intraday studies and rising oversold daily stochastics keep near-term sentiment cautious

Bank of Canada - Rate Level Still Appropriate Despite Stronger Data

December 10, 2025 4:21 PM UTC

Since the Bank of Canada eased rates to 2.25% in October and stated that policy was now at an appropriate level, Canada has delivered stronger than expected data on GDP and employment. The data has not been dismissed, but the BoC view that policy is at an appropriate level persists after today’s m

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

December 10, 2025 8:26 AM UTC

Still little change, as prices extend consolidation above congestion support at 1.3300

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

December 10, 2025 1:38 AM UTC

Lower in consolidation from the 1.3385 high as prices unwind overbought intraday and daily studies

December 09, 2025

North American Summary and Highlights 9 Dec

December 9, 2025 8:36 PM UTC

Overview - The USD was slightly stronger, supported by US job openings data.

Chart USD/CAD Update: Consolidating test of 1.3800 - studies under pressure

December 9, 2025 5:13 PM UTC

The test of congestion support at 1.3800 is giving way to consolidation

EM Europe and CIS: Select Country Risk Ratings

December 9, 2025 11:00 AM UTC

We provide country risk reviews for EM Europe/CIS countries including Russia and Ukraine.

Chart GBP/USD Update: Cautious trade

December 9, 2025 8:25 AM UTC

Little change, as mixed intraday studies and flat overbought daily stochastics keep near-term sentiment cautious

Chart GBP/USD Update: Leaning lower from 1.3385 high

December 9, 2025 1:56 AM UTC

Little change, as prices settled back from the 1.3385 high to unwind overbought intraday and daily studies

December 08, 2025

North American Summary and Highlights 8 Dec

December 8, 2025 8:32 PM UTC

Overview - JPY weakness on earthquake worries was the main feature but the USD also made gains elsewhere.

Sweden Riksbank Preview (Dec 18): Policy to be Unchanged and little Move in Projections?

December 8, 2025 1:18 PM UTC

As we anticipated in our review, the Riksbank Board will be very pleased with the data flow since its last and very probably final rate cut on Sep 23 (to 1.75%). GDP saw a strong and unexpected Q3 showing of over 1% q/q while previously troublesome CPI data have softened appreciably thereby confir

Chart USD/CAD Update: Consolidating sharp losses last week

December 8, 2025 7:45 AM UTC

Break of the 1.3938 November low has seen sharp break of the 1.3900 support to approach the 1.3800 congestion

Chart GBP/USD Update: Leaning lower in consolidation

December 8, 2025 1:23 AM UTC

Settled back from the 1.3385 high as prices unwind overbought intraday and daily studies

December 05, 2025

North American Summary and Highlights 5 Dec

December 5, 2025 8:27 PM UTC

Overview - The USD was mostly firmer but USD/CAD fell sharply on strong Canadian employment data.

Bank of Canada Preview for December 10: Stronger data reinforces case for a pause

December 5, 2025 2:31 PM UTC

The Bank of Canada looks highly likely to leave rates at 2.25% when it meets on December 10. After easing in both September and October, the BoC after its October move stated rates were now at about the right level if the economy evolved in line with its expectations. With Q3 GDP and November employ

This week's five highlights

December 5, 2025 10:00 AM UTC

Potential New Dovish Fed Chair
Could See DXY Extending late-November losses
Services Inflation Still Problematic for EZ
BoE Offers Financial Boost?
USD/JPY Under pressure after Bloomberg Report

Asia Summary and Highlights 5 Dec

December 5, 2025 5:27 AM UTC

Japan October Household Spending fell 3.0% y/y

Chart GBP/USD Update: Consolidating test of 1.3370/1.3400 resistance

December 5, 2025 1:50 AM UTC

Settled back from test of resistance at the 1.3370/1.3400 area as prices unwind overbought intraday studies

December 04, 2025

North American Summary and Highlights 4 Dec

December 4, 2025 8:48 PM UTC

Overview - The USD moved slightly higher after initial claims fell to 3-year low.

Chart USD/CAD Update: Choppy trade - studies under pressure

December 4, 2025 4:45 PM UTC

Little change, as prices extend choppy trade around support at the 1.3950 break level

UK GDP Preview (Dec 12): Underlying Economy Fragile and Listless

December 4, 2025 9:55 AM UTC

As we have underlined, GDP has hardly moved since March and this is un likely to change with the October GDP release. Indeed, it has fallen in two of the last three months (Figure 1), albeit where some recovery should be in store for the current quarter as the September numbers were hit (temporari