Chart USD/CAD Update: Further gains to remain limited

July 21, 2026 3:44 PM UTC

Cautious trade is giving way to fresh gains

Libya Country Risk Rating

July 21, 2026 9:00 AM UTC

Overall risk in Libya remains at a very high rating.

Chart USD/CAD Update: Corrective gains to remain limited

July 20, 2026 3:52 PM UTC

Consolidation above support at 1.4000 is giving way to a bounce

Kuwait Country Risk Rating

July 20, 2026 9:00 AM UTC

Overall risk in Kuwait remains at a medium rating.

The Endpoint Problem: US Asset Prices, Investment and the Current Cycle

July 20, 2026 8:00 AM UTC

·       Asset Price Index (API) framework suggests the US gap is elevated and, on some constructs, has moved into top-decile territory.
·       The question is whether prices, capex and financing conditions are beginning to reinforce the same cyclical risk-accumulation dynamics.
·   

Chart GBP/USD Update: Leaning lower in consolidation

July 20, 2026 2:00 AM UTC

Leaning lower in consolidation as prices correct short-term overbought condition

North American Summary and Highlights 17 July

July 17, 2026 7:35 PM UTC

Overview - Equities were under some pressure but the USD was little changed. 

U.S. June Industrial Production - Subdued month, strong quarter

July 17, 2026 1:31 PM UTC

June industrial production has seen a second straight subdued month to follow a strong April, still leaving a healthy underlying picture but may temper some excessive optimism over the impact of rising AI-led investment. 

Chart USD/CAD Update: Consolidating above 1.4000, but still heavy

July 17, 2026 7:11 AM UTC

 Steadied above the 1.4000 level as prices consolidate recent sharp losses from the 1.4248 June current year high

ECB: Bark No Bite

July 17, 2026 7:05 AM UTC

·       The vigilance mantra means that the ECB will still have a broad caution against 2nd round effects and the risks that energy prices could push higher.  We feel that the June inflation data, plus the prospect that Iran/U.S. could call a new truce (here) will be enough to make most on t

North American Summary and Highlights 16 July

July 16, 2026 7:54 PM UTC

Overview - The USD advanced supported by mostly positive data. 

UK GDP and BOE Question

July 16, 2026 6:23 AM UTC

·       UK GDP rose 0.1% in May as expected, helped by services but with softness remaining in other areas.  H2 will depend on businesses and consumers, where a BOE rate hike would dent sentiment and spending – we look for no change in policy rates in 2026 however, followed by 2027 cuts. A