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Preview: Due October 15 - U.S. September PPI - Inflationary pressure still significant
October 1, 2026 4:52 PM UTC
We expect September PPI to increase by 0.6% overall led by energy with 0.3% gains in both core rates, ex food and energy and ex food, energy and trade. This will suggest inflationary pressures remain elevated, with little sign of slowing at the producer level.
IMM Commitment of Traders Reports - sterling got thematically oversold
September 28, 2026 9:07 AM UTC
Dollar longs bounce back and now fairly broad
Most dollar pairs moderate however rather than extreme
Sterling the exception, became the most popular "obvious short" last week amid CB moves
Potentially stretched now into cable support, BoE shifting Nov odds. EUR/GBP also again rejecting resistance test,
FX Weekly Strategy: Asia, Sep 28 - Oct 2
September 25, 2026 3:17 PM UTC
High profile US data, but would need something big to impact now after recent steep mkt adjustment
Dollar retains bullish posture overall, but a overstretched and consolidating/correcting steep run to levels on most pairs
Japan rolls out the verbals; BoE comments hint at dab in November
Round of CB mee
FX Weekly Strategy: Asia, Sep 14-18
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
U.S. Equity-Treasury Strains and Correction Risk
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
USD/JPY flows - Respectable 30-year auction, Warsh to speak next week
October 8, 2026 5:33 PM UTC
Today’s 30-year auction was not as impressive as the 10-year auction yesterday, but showed respectable demand keeping UST yields well off earlier highs, and that is weighing on the USD, USD/JPY in particular.
Preview: Due October 9 - Canada September Employment - Only a modest rise after a sharp decline
October 8, 2026 12:53 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%.
ECB Minutes Showed Unanimous Support for September’s hike
October 8, 2026 12:47 PM UTC
Minutes to the September meeting at which the deposit rate was increased by 25bps to 2.75% was backed by all members of the committee. The next meeting takes place in October 29th and it’s unlikely that the macro picture will have changed much in the next three weeks. One obvious discussion point
ECB Minutes Showed Unanimous Support for September’s hike
October 8, 2026 12:46 PM UTC
Minutes to the September meeting at which the deposit rate was increased by 25bps to 2.75% was backed by all members of the committee. The next meeting takes place in October 29th and it’s unlikely that the macro picture will have changed much in the next three weeks. One obvious discussion point