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FX Weekly Strategy: Asia, Sep 14-18
Paying Article

September 11, 2026 5:21 PM UTC

A week of 2 key central bank meetings..
We expect a 25bp Fed hike but perhaps a "dovish hike". Could temper dollar given a lot priced in further out
BoJ also seen going 25bp. A heavy USD/JPY needs validation on shift to quarterly pace however to extend - else to re-test persistence of supply
CHF still

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U.S. Equity-Treasury Strains and Correction Risk
Paying Article

September 9, 2026 8:00 AM UTC

·       Equity investors have taken note of higher U.S. Treasury yields, but the influence of the AI boom and corporate earnings is greater.  Nevertheless, the U.S. equity market valuation means that it is stretched currently versus the U.S. Treasury market and could be hurt by moderate bad

FX Weekly Strategy: Asia, Sep 7-11
Paying Article

September 4, 2026 2:47 PM UTC

US CPI a key focal point. We see upside risks at 0.3% core
ECB hike fully priced in; attention turns to forecasts and commentary on policy stance
Sharp USD/JPY lurch down may have left behind better supply into bounces, further downside risks ahead
BoE seen back of the tightening pack, sterling could s

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Barbarous Relic or Strategic Hedge - Gold in a late-cycle portfolio
Freemium Article

September 1, 2026 7:00 AM UTC

* Gold worked off early year retail excess, moving into a more constructive technical and seasonal period
* The strategic case for gold is much wider: rich risk asset valuations can neither be sat out nor left unhedged
* History (no guarantee of future performance…) supports increased gold hedges in

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. 

North American Summary and Highlights 14 September
Freemium Article

September 14, 2026 7:53 PM UTC

Overview - The USD was firmer on the day but corrected off its highs led by moves in oil. 

Preview: Due October 9 - Canada September Employment - Only a modest rise after a sharp decline
Paying Article

September 14, 2026 6:33 PM UTC

We expect Canadian employment to increase by a marginal 5k in September after 41.7k decline in August, though a second straight decline after three straight healthy gains is a significant risk. We expect the unemployment rate to increase to 6.5% after two months at 6.4%.

Chart USD/MXN Update: Sharp corrective bounce
Paying Article

September 14, 2026 3:50 PM UTC

Consolidation above the 16.8520 current year low of 7 September has given way to a bounce in USD- and MXN-driven trade

Chart USD/CAD Update: Higher in USD- and CAD-driven trade
Freemium Article

September 14, 2026 3:27 PM UTC

Consolidation has given way to a break in USD- and CAD-driven trade

FX Daily Strategy: Asia, Sep 15
Paying Article

September 14, 2026 3:22 PM UTC

Spec data shows mkt turned long kiwi - often a contrary indicator
Risk sentiment turns weaker, squeezing dollar, as oil catches up with sentiment; AI complications
UK labour market data, followed by CPI, provide the run in to the next BoE meeting

Chart AUD/USD Update: Extending losses
Paying Article

September 14, 2026 1:25 PM UTC

Cautious trade has given way to anticipated selling interest

Chart EUR/JPY Update: JPY-driven gains to remain limited
Paying Article

September 14, 2026 1:09 PM UTC

Consolidation following the test of support at the 177.85 weekly low of 9 September and congestion around 178.00 is giving way to a drift higher in JPY-driven trade

Canada August CPI - Near consensus, but upside risks building
Paying Article

September 14, 2026 1:00 PM UTC

August’s Canadian CPI was stable at 3.0% yr/yr as expected with the Bank of Canada’s core rates broadly stable too. However the seasonally adjusted ex food and energy CPI (not one of the BoC’s core rates) saw a fourth straight 0.3% increase, and its yr/yr rate is picking up.  Inflationary ris

Chart USD/JPY Update: Corrective USD- and JPY-driven bounce
Paying Article

September 14, 2026 12:56 PM UTC

Consolidation has given way to a steady USD- and JPY-driven bounce

Weekly Chart GBP/USD Update: Leaning lower - studies under pressure
Paying Article

September 14, 2026 12:11 PM UTC

Consolidation within the 1.3500 - 1.3550 range is giving way to a fresh pullback, with prices once again pressuring pressuring support at the 1.3475 Fibonacci retracement and congestion around 1.3500.
Daily stochastics and the daily Tension Indicator have turned bearish, highlighting a deterioration

Kiwi longs as a contrary indicator
Paying Article

September 14, 2026 11:15 AM UTC

Mkt turned long NZD in latest IMM week
That has tended to prove a contrary indicator rather than a bullish one more often than not
Descriptive stats show a skew towards downside kiwi corrections in the following window
May also be suggestive of wider current risk positioning in FX

Chart EUR/CHF Update: Sharp pullback from fresh year highs
Paying Article

September 14, 2026 10:24 AM UTC

The anticipated break above strong resistance at the 0.9455 Fibonacci retracement has posted a fresh 2026 year high around 0.9475

Europe Summary and Highlights 14 Sep
Paying Article

September 14, 2026 10:03 AM UTC

Risk weighed by energy concerns and AI related setbacks - OpenAI delay and development slowdown 
EUR/USD caught a bit offside and pulled back from 1.16+ to 1.550-
USD/JPY test bounce supply, risk/USD (SEK, NZD...) sees sharper moves

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Central and Latin America: Country Risk Ratings
Paying Article

September 14, 2026 10:00 AM UTC

We provide country risk reviews for select Central and Latin America countries.  

Chartbook: DAX Chart: Signs of profit-taking and developing downside risks
Paying Article

September 14, 2026 9:51 AM UTC

Choppy trade around 24000 has given way to a fresh run to all-time highs above the 26000 Fibonacci projection

FX Weekly Strategy: N America, Sep 14-18
Paying Article

September 14, 2026 9:42 AM UTC

A week of 2 key central bank meetings..
We expect a 25bp Fed hike but perhaps a "dovish hike". Could temper dollar given a lot priced in further out
BoJ also seen going 25bp. A heavy USD/JPY needs validation on shift to quarterly pace however to extend - else to re-test persistence of supply
CHF still

UK CPI Preview: Headline Inflation to Increase on Higher Energy Costs but no Second Round Effects
Paying Article

September 14, 2026 9:24 AM UTC

·       Inflation figures will come ahead of BoE meeting on September 17 in which the Bank is expected to keep rates on hold. Headline annual inflation rose to 2.9% in July and is forecast to increase to 3.1% in August with core also ticking up to 2.7% from 2.6% previously. The numbers are un

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UK CPI Preview: Headline Inflation to Increase on Higher Energy Costs but no Second Round Effects
Freemium Article

September 14, 2026 9:22 AM UTC

·       Inflation figures will come ahead of BoE meeting on September 17 in which the Bank is expected to keep rates on hold. Headline annual inflation rose to 2.9% in July and is forecast to increase to 3.1% in August with core also ticking up to 2.7% from 2.6% previously. The numbers are un

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