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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 November 6 - U.S. October Employment (Non-Farm Payrolls) - Subdued report to hint at Q4 slowing
November 5, 2026 4:01 PM UTC
We expect October’s non-farm payroll to rise by 50k and by 45k in the private sector, in line with recent trend. We expect unemployment to remain at 4.2%, sustaining September’s increase after two months at 4.1%. We expect a modest 0.2% rise in average hourly earnings and a fall in the workweek
Preview: Due November 6 - Canada October Employment - Correction from public sector-led loss
November 5, 2026 3:55 PM UTC
We expect Canadian employment to increase by 20k in a correction from two straight sharp declines, though the rise should be seen as corrective with the economy likely to lose some momentum in Q4 due to fresh US tariffs. We expect unemployment to remain at September’s 6.5% rate, up from 6.4% in Ju