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FX Daily Strategy: Asia, Oct 22
October 21, 2026 2:35 PM UTC
Positioning and oversold conditions obstructing euro follow through traction; downside focus switching to options protection
AUD lifted by short-covering and momentum swing towards a Nov hike pricing
Focus remains news driven rather than calendar-centric
AI and The U.S. Economy
October 9, 2026 8:15 AM UTC
· The AI boom is boosting the U.S. economy through three channels (semiconductor and other product enablers for AI; the data center construction boom and wealth effects boosting consumption for rich households). If AI labs revenue growth remains fast then the boom can continue through
Preview: Due October 15 - U.S. September PPI - Inflationary pressure still significant
October 1, 2026 4:52 PM UTC
We expect September PPI to increase by 0.6% overall led by energy with 0.3% gains in both core rates, ex food and energy and ex food, energy and trade. This will suggest inflationary pressures remain elevated, with little sign of slowing at the producer level.
FX Weekly Strategy: Asia, Nov 2-6
October 30, 2026 3:53 PM UTC
Pressure on tech, leading to choppy action, but overall weight on dollar; JPY and CHF benefit
BoE hike seen as more of a one off and possible one-and-done.
US election a wild card, though no settled view on impact. At margin, some scenarios would add to risk-off mood
Preview: Due November 2 - U.S. October ISM Manufacturing - Stable and positive
October 30, 2026 2:58 PM UTC
There does not appear to be any reason to expect much change in October’s ISM manufacturing index. We expect no change from September’s 54.5, which was only marginally changed from 54.6 in August. The data will continue to imply healthy manufacturing expansion, fueled by AI.
Canada August GDP - Economy looks weaker than BoC thought
October 30, 2026 12:58 PM UTC
August Canadian GDP fell short of a positive 0.2% preliminary estimate and came in unchanged for a second straight month. The preliminary estimate for September is for a 0.1% decline, suggesting the economy may be weaker than the BoC thought when tightening rates this week.
Eurozone Economy Remains Resilient in Q3 - Headwinds Ahead?
October 30, 2026 11:41 AM UTC
The economy expanded more than expected in Q3, rising 0.4% q/q from 0.6% before, with the Eurozone aggregate benefitting from Ireland’s large and volatile growth rate. Most of the larger member countries experienced weak quarter on quarter growth, with Germany’s economy increasing 0.2%, Italy’
Eurozone Economy Remains Resilient in Q3 - Headwinds Ahead?
October 30, 2026 11:41 AM UTC
The economy expanded more than expected in Q3, rising 0.4% q/q from 0.6% before, with the Eurozone aggregate benefitting from Ireland’s large and volatile growth rate. Most of the larger member countries experienced weak quarter on quarter growth, with Germany’s economy increasing 0.2%, Italy’
