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U.S. June ADP Employment - Slightly slower, far from weak
July 1, 2026 12:37 PM UTC
June’s ADP’s estimate of private sector employment of 98k is on the weak side of expectations and similarly below consensus forecasts for private sector payrolls tomorrow. It is possible that payrolls could outperform ADP data if payrolls capture more temporary jobs created by the World Cup. Our
FX Weekly Strategy: Americas, Jul 20-24
July 20, 2026 9:55 AM UTC
ECB meeting main event, though Lagarde will be reluctance to provide a clear hint on the September meeting.
Tech correction could be more relevant this week, watching performance of broader market and volatility
New UK PM takes over and confirms cabinet. Sterling already bought the rumour near-term?
The Endpoint Problem: US Asset Prices, Investment and the Current Cycle
July 20, 2026 8:00 AM UTC
· Asset Price Index (API) framework suggests the US gap is elevated and, on some constructs, has moved into top-decile territory.
· The question is whether prices, capex and financing conditions are beginning to reinforce the same cyclical risk-accumulation dynamics.
·
FX Weekly Strategy: Europe, Jul 20-24
July 20, 2026 4:50 AM UTC
ECB meeting main event, though Lagarde will be reluctance to provide a clear hint on the September meeting.
Tech correction could be more relevant this week, watching performance of broader market and volatility
New UK PM takes over and confirms cabinet. Sterling already bought the rumour near-term?