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This week's five highlights
Freemium Article

July 31, 2026 11:00 AM UTC

FOMC leaves rates unchanged with three hawkish dissents
U.S. Q2 GDP strong outside net exports, inventories and government
BoJ As Expected
USD/JPY Intervened
BOE Split Does Not Mean September Hike

CHF/JPY and the carry question
Paying Article

July 30, 2026 1:39 PM UTC

·       CHF/JPY has become interesting from several directions: extreme relative valuation, changing carry rankings, opposing official preferences over currency direction, and the beginnings of a possible technical rollover. When things align, they can encourage some migration in positioning

...
Margin Call - Does Margin Debt Really Predict Market Crashes?
Paying Article

July 27, 2026 11:31 AM UTC

·       US margin debt has reached USD1.5tn, the kind of huge round figure milestone that is always going to get a fair amount of attention, especially with the market focused on risk and valuations. Should this number be sounding the alarm? The balanced answer is probably partially, though i

FX Weekly Strategy: Asia, Jul 27-31
Paying Article

July 24, 2026 3:00 PM UTC

FOMC Unchanged policy with an unspoken tightening bias
U.S. Q2 GDP and PCE
BOE Hawkish Noises
Canada Heading for a healthy Q2 GDP 

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BOE Preview After CPI: Hawkish Noises
Paying Article

July 22, 2026 6:11 AM UTC

•    The BOE will likely maintain a hawkish bias on July 30, but are unlikely to signal a September hike. The June CPI did not really change this picture, with the core unchanged at 2.6%. Though BOE Bailey recently noted the unstable process (in the Straits of Hormuz and for energy prices), he

Chart USD/INR Update: Consolidating, room to extend gains
Paying Article

July 22, 2026 5:28 AM UTC

Consolidating test of the 96.5000 high but pressure remains on the upside as prices extend strong gains from the June low

FX Daily Strategy: Asia, Jul 21
Paying Article

July 20, 2026 3:00 PM UTC

Iran/U.S. Escalating 
USD/JPY Coiled below 162.70/84 highs

Chart USD/INR Update: Extending gains
Paying Article

July 16, 2026 5:28 AM UTC

Break above 96.0000/96.3000 area see prices extending gains from the 94.1500 June low

U.S. June NFIB survey - Bounce may be dated, prices strong
Paying Article

July 14, 2026 11:57 AM UTC

June’s NFIB survey of Small Business Optimism shows the optimism index at its highest since February at 97.4 from 95.3, a reading that was the lowest since October 2024 just before a sharp post-election bounce.

AUD/USD flows: Regional Equities Upbeat
Paying Article

August 13, 2026 3:08 AM UTC

Regional equities outperforming U.S. peers

Chart USD/TWD Update: Extending losses
Paying Article

August 13, 2026 2:57 AM UTC

Under pressure, as break of the 32.200 support see prices extending losses from the 32.550, July current year high

Chart USD/CNH Update: Drifting narrowly above 6.7400 low
Paying Article

August 13, 2026 2:36 AM UTC

Little change, as prices drift narrowly above the 6.7400, 7 August current year low

Chart USD/SGD Update: Edging higher in consolidation
Paying Article

August 13, 2026 2:29 AM UTC

Edging higher in choppy trade from the 1.2767 low as prices consolidate losses from the 1.2836 resistance

Chart GBP/USD Update: Extending consolidation at 1.3500
Freemium Article

August 13, 2026 2:05 AM UTC

Settled back to consolidate at the 1.3500 level after bounce attempt was checked at 1.3545, fresh 4-week high

Chart EUR/USD Update: Lower in consolidation beneath 1.1575
Paying Article

August 13, 2026 1:52 AM UTC

Leaning lower in range following test of the 1.1575 resistance as prices unwing overbought daily studies

Chart EUR/JPY Update: Extend consolidation beneath 184.00
Paying Article

August 13, 2026 1:45 AM UTC

Remains below the 184.00 resistance as prices consolidate strong gains from the 179.35 low

Chart USD/JPY Update: Room to extend gains
Paying Article

August 13, 2026 1:08 AM UTC

Return to pressure the upside after pullback beneath 159.45 resistance gave way to rebound above the 158.50 support

Chart NZD/USD Update: Leaning lower in choppy trade
Paying Article

August 13, 2026 12:44 AM UTC

Sideways ranging action see prices leaning lower from the .5900/08 high of last week

Chart AUD/USD Update: Bullish bias kept in check at .7080/.7100
Paying Article

August 13, 2026 12:26 AM UTC

Held firm above the .7050 congestion but resistance at the .7080/.7100 area keeping gains in check

North American Summary and Highlights 12 August
Freemium Article

August 12, 2026 7:46 PM UTC

Overview - The USD initially dipped on a consensus US CPI, but finished stronger. 

U.S. July Budget Deficit largest since March 2021
Paying Article

August 12, 2026 6:33 PM UTC

July’s budget deficit of $432.3bn is the largest since March 2021 when the Biden stimulus was at its peak. The deficit is up from $291.1bn in July 2025, lifted by calendar effects, tariff refunds and defense spending.

Chart USD/CAD Update: Drifting lower
Freemium Article

August 12, 2026 3:46 PM UTC

Little change, as cautious trade continues to drift lower towards strong support at 1.3900

Preview: Due August 25 - U.S. July New Home Sales - Remaining soft
Paying Article

August 12, 2026 3:10 PM UTC

We expect July new home sales to be little changed at 620k, which would be down 1.3% from June if June is unrevised. This would still sustain step down in trend in 2026 to date, with movements in the preceding two years outside a 650-700k range having tended to be brief.

FX Daily Strategy: Asia, Aug 13
Paying Article

August 12, 2026 2:57 PM UTC

UK GDP due, large downside surprise risks from heatwave could kneejerk sterling lower
US CPI unexciting, though unexciting enough to limit US short-end and $ for now
The volatility slide and gold/silver/metals rally helping out AUD at present
Norge Bank seen on hold and ahead of the curve

Preview: Due August 13 - U.S. July PPI - Prices seen subdued when data was surveyed
Paying Article

August 12, 2026 2:57 PM UTC

We expect July’s PPI to reflect more the more optimistic view of the Middle East seen at the start of the month than the riskier one later in the month. We expect gains of 0.1% overall, 0.3% ex food and energy and 0.2% ex food and trade, mostly subdued, if stronger than respective June outcomes of

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