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EUR/USD, GBP/USD flows - UK labour data softer; schizophrenic mood slightly catches up with risk o/n
Paying Article

August 18, 2026 6:41 AM UTC

The schizophrenic, compartmentalised performance slightly catches up with risk overnight, as US-Iran standoff slightly dents mood
UK labor data overall soft and helps keep BoE wait and see on hold 

Chart GBP/USD Update: Pressuring July high
Freemium Article

August 18, 2026 1:59 AM UTC

Bounce from the 1.3475 low has seen gains to retest the 1.3550/58, July high

North American Summary and Highlights 17 August
Freemium Article

August 17, 2026 7:42 PM UTC

Overview - The USD was softer in Europe but corrected higher in North America assisted by gains in oil. 

This week's five highlights
Freemium Article

July 31, 2026 11:00 AM UTC

FOMC leaves rates unchanged with three hawkish dissents
U.S. Q2 GDP strong outside net exports, inventories and government
BoJ As Expected
USD/JPY Intervened
BOE Split Does Not Mean September Hike

CHF/JPY and the carry question
Paying Article

July 30, 2026 1:39 PM UTC

·       CHF/JPY has become interesting from several directions: extreme relative valuation, changing carry rankings, opposing official preferences over currency direction, and the beginnings of a possible technical rollover. When things align, they can encourage some migration in positioning

...
Margin Call - Does Margin Debt Really Predict Market Crashes?
Paying Article

July 27, 2026 11:31 AM UTC

·       US margin debt has reached USD1.5tn, the kind of huge round figure milestone that is always going to get a fair amount of attention, especially with the market focused on risk and valuations. Should this number be sounding the alarm? The balanced answer is probably partially, though i

FX Weekly Strategy: Asia, Jul 27-31
Paying Article

July 24, 2026 3:00 PM UTC

FOMC Unchanged policy with an unspoken tightening bias
U.S. Q2 GDP and PCE
BOE Hawkish Noises
Canada Heading for a healthy Q2 GDP 

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BOE Preview After CPI: Hawkish Noises
Paying Article

July 22, 2026 6:11 AM UTC

•    The BOE will likely maintain a hawkish bias on July 30, but are unlikely to signal a September hike. The June CPI did not really change this picture, with the core unchanged at 2.6%. Though BOE Bailey recently noted the unstable process (in the Straits of Hormuz and for energy prices), he

Chart USD/INR Update: Consolidating, room to extend gains
Paying Article

July 22, 2026 5:28 AM UTC

Consolidating test of the 96.5000 high but pressure remains on the upside as prices extend strong gains from the June low

FX Daily Strategy: Asia, Jul 21
Paying Article

July 20, 2026 3:00 PM UTC

Iran/U.S. Escalating 
USD/JPY Coiled below 162.70/84 highs

Preview: Due September 4 - U.S. August Employment (Non-Farm Payrolls) - Corrections from recent payroll weakness and unemployment declines
Freemium Article

August 20, 2026 4:58 PM UTC

We expect August’s non-farm payroll to rise by 75k both overall and in the private sector, still moderate but the strongest in both series since April. We however expect unemployment to correct higher to 4.2% after falling to 4.1% in July from 4.2% in June and before that three straight months at

...
Preview: Due September 4 - U.S. August Employment (Non-Farm Payrolls) - Corrections from recent payroll weakness and unemployment declines
Freemium Article

August 20, 2026 4:58 PM UTC

We expect August’s non-farm payroll to rise by 75k both overall and in the private sector, still moderate but the strongest in both series since April. We however expect unemployment to correct higher to 4.2% after falling to 4.1% in July from 4.2% in June and before that three straight months at

Chart USD/BRL Update: Balanced at local highs
Paying Article

August 20, 2026 4:11 PM UTC

The anticipated test of strong resistance within the 5.2000 - 5.2450 range is giving way to a pullback

Chart USD/CAD Update: Short-term reactions before lower
Freemium Article

August 20, 2026 3:40 PM UTC

Anticipated losses have reached 1.3755 in both USD- and CAD-driven trade

FX Daily Strategy: Asia, Aug 21
Paying Article

August 20, 2026 3:00 PM UTC

National CPI Still Cushioned
USD/JPY Consolidating at 158.00
DXY coming under pressure

USD/JPY, EUR/USD flows: strong data, market could test Treasury to entice further interventions
Paying Article

August 20, 2026 2:06 PM UTC

US30s give back some of the kneejerk relief and parts of the US economy still running strong
The market might test the Treasury after its recent intervention
If so, that could further complicate the fiscal-monetary blur

Chart AUD/USD Update: Cautious trade - studies rising
Paying Article

August 20, 2026 1:44 PM UTC

Little change, as prices extend consolidation around 0.7115/20

Chart EUR/JPY Update: Extending August gains
Paying Article

August 20, 2026 1:20 PM UTC

Cautious trade has given way to a break higher

U.S. Initial Claims stabilizing, August Philly Fed extremely strong
Paying Article

August 20, 2026 1:09 PM UTC

Initial claims at 206k in the survey week for August’s non-farm payroll are down from 212k in the preceding week but appear to be stabilizing after slipping in July. August’s Philly Fed manufacturing index of 47.4 is very strong indeed, suggesting July’s reading of 41.4 was not overstated as m

Chart USD/JPY Update: Limited tests higher
Paying Article

August 20, 2026 12:44 PM UTC

Consolidation within the 158.00 - 158.50 support is giving way to a bounce

Chart NOK/SEK Update: Approaching strong resistance
Paying Article

August 20, 2026 11:50 AM UTC

Consolidation beneath 1.0100 has given way to the anticipated break

...
DM Central Banks Watching Stablecoins
Paying Article

August 20, 2026 10:55 AM UTC

·       Overall, DM central banks have a watching brief for stablecoins and the scale of growth in the next 5 years.  This is largely a USD centric issue, with stablecoins dominated by USD issuance. Central banks are watchful on whether it impacts access to low cost deposit for banks; guardi

Chart EUR/CHF Update: Lower in CHF-driven trade
Paying Article

August 20, 2026 10:37 AM UTC

Cautious trade has given way to a sharp fall in CHF-driven trade

Europe Summary and Highlights 20 Aug
Paying Article

August 20, 2026 10:09 AM UTC

Dollar continues to slip after yesterday's breaks
EUR/USD testing 1.17 and GBP/USD 1.3650; USD/CAD retracement continues
SEK slips after cautious hold from Riksbank

FX Daily Strategy: N America, Aug 20
Paying Article

August 20, 2026 9:02 AM UTC

USD breaks weaker after Treasury buyback move, might have done some damage on the s/t charts
Whether 'bond put' or 'dollar debasement' narrative, neither helping dollar near-term

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