Chart USD/CAD Update: Extending cautious trade

July 7, 2026 3:44 PM UTC

Still little change, as prices extend choppy trade around 1.4200

Zambia Country Risk Rating

July 7, 2026 9:00 AM UTC

Overall risk in Zambia remains at a medium rating.

Chart USD/CAD Update: Consolidating - daily studies under pressure

July 3, 2026 3:55 PM UTC

Choppy trade around 1.4200 has given way to a pullback to the 1.4140 monthly high of 5 November

EM Government Debt Sinners and Saints

July 3, 2026 1:05 PM UTC

·       Overall, the clearest EM fiscal sinner is Brazil, given its tax revenue/GDP ratio is already very high and requires politically sensitive expenditure cuts after the October election to increase the primary surplus to stabilize the government debt/GDP trajectory and get real bond yield

Chart GBP/USD Update: Consolidating below 1.3400, higher later

July 3, 2026 1:59 AM UTC

Sharply higher, as break above the 1.3300 resistance has seen gains to approach the 1.3400 level

North American Summary and Highlights 2 July

July 2, 2026 8:04 PM UTC

Overview - Europe saw a sharp dip in USD/JPY while the USD fell more broadly after softer than expected UIS employment data. 

U.S. June Employment - Upside May surprise offset, but unemployment falls on lower labor force

July 2, 2026 1:12 PM UTC

June’s non-farm payroll is weaker than expected with a 57k increase, 49k private, with downward revisions to April and May. The slowing is consistent with an upturn in the initial and continued claims trends, though both were almost unchanged (-1k to 215k and +2k to 1.814m respectively)  in the l

Chart GBP/USD Update: Extending June gains

July 2, 2026 2:04 AM UTC

Break above 1.3250 see prices extending gains from the 1.3140 June current year low

EZ HICP Review: Absence Second-Round Effects Continues

July 1, 2026 10:41 AM UTC

Contrary to some thinking, EZ HICP inflation continues to behave, both absolutely and relatively – ie to what looks ever excessive ECB price thinking.  The question must be if and when the ECB chooses to note friendlier price and costs signals, rather than pander to the upside prices risks that o