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FX Weekly Strategy: Asia, Sep 7-11
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
Barbarous Relic or Strategic Hedge - Gold in a late-cycle portfolio
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
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
Preview: Due September 25 - U.S. August Durable Goods Orders - Some signs momentum is slowing in Q3
September 8, 2026 5:43 PM UTC
We expect a 0.3% decline in August durable goods orders on a weak month for aircraft as implied by Boeing data, but a 0.7% increase ex transport. This would be slightly stronger than July’s 0.4% but would still suggest some loss of momentum in Q3.
GBP/USD, EUR/GBP flows: BoE TSC testimony still favouring pause
September 8, 2026 2:25 PM UTC
BoE testimony to TSC very much as expected, overall and by individual
Majority BoE MPC central view remains that tightening from higher mortgage rates, lack of 2nd round impact, soft labour market, all support wait and see, even if inflation risks remain to upside
2026 Q2 Country Insights Scores to Download in Excel
September 8, 2026 10:30 AM UTC
The Country Insights (CI) Model is a comprehensive quantitative tool for assessing country and sovereign risk, measuring a country’s exposure to external and domestic financial shocks and its capacity to grow. Our full range of scores across 174 countries for the second quarter of 2026 is now avai
FX Daily Strategy: N America, Sep 8
September 8, 2026 9:00 AM UTC
USD/JPY runs on and bounces from deeper support down at 152/3, not quite tagging major support
Riksbank not in a rush as CPI slows, SEK crosses though are stretched towards bigger tops
BoE TSC testimony. Majority view still wait and see, BoE the laggard
Canada-US tariffs remain a running issue, low key
NBIM’s bond allocation rethink
September 8, 2026 7:30 AM UTC
* Proposal would imply $80bn~ Treasury sell, although little net USD change
* JGBs see marked pick up, presented as method change more than value, but…
* Several peers already follow broader bond mix. Is NBIM just ‘catch up’ or does to speak to wider concerns and incentives?