View:
January 02, 2026
FX Weekly Strategy: January 5th-9th
January 2, 2026 3:59 PM UTC
US employment report the main focus, mildly stronger than expected gain seen
EUR could slip on weaker HICP
CAD strength could fade after recent outperformance
JPY weakness still needs intervention to reverse it
NOK looks attractive near long term lows
Bessent: New Fed Inflation Range and Dropping Dots?
January 2, 2026 11:30 AM UTC
U.S. Treasury Secretary Bessent over the Christmas period suggested that the Fed should shift to targeting an inflation range and drop the quarterly dots. What impact would this have? Such a change would give the Fed more flexibility on the margin, but not significant. This could make communicat
Psychology for major markets Jan 2
January 2, 2026 9:06 AM UTC
EUR/USD – EUR/USD remain depressed on the first trading day of 2026. Headlines are still lackluster so far.
USD/JPY – The pair is steadily higher but there hasn't been new triggers. Thus, it is likely more follow through momentum. And looking at the broader picture, USD/JPY has been in consolidat
December 31, 2025
Psychology for major markets Dec 31
December 31, 2025 7:56 AM UTC
EUR/USD – EUR/USD turned lower on the last trading day of 2025 as USD is trading broadly stronger. It looks to retest the 1.17 figure.
USD/JPY – The pair has regained post Christmas losses. There hasn't been much headline and seems to be USD movement.
EUR/GBP – Unchanged for the day so far. Euro
December 30, 2025
Psychology for major markets Dec 30
December 30, 2025 9:45 AM UTC
EUR/USD – EUR/USD is little changed and remain in consolidation as market action wanes by year end.
USD/JPY – The pair stays choppy but is tilted lower. The latest impetus is from the BoJ summary of opinion, showing BoJ's stance on higher rate. However, such stance does not avoid their potential
U.S. Consumption Vulnerable to Asset Market Hit
December 30, 2025 8:42 AM UTC
Overall, we see consumption growth prospects as being modest for 2026, as low to middle income households still struggle with the cost of living crisis. Additionally, the slowdown in immigration is causing less overall employment gains and in turn less absolute increase in real income and consumptio
FX Weekly Strategy: Europe, December 22nd - January 2nd
December 30, 2025 5:24 AM UTC
USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued
December 29, 2025
FX Weekly Strategy: Europe, December 22nd - January 2nd
December 29, 2025 4:45 AM UTC
USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued
December 24, 2025
Psychology for major markets Dec 24
December 24, 2025 9:03 AM UTC
EUR/USD – EUR/USD is consolidating recent gains as holiday mood persists.
USD/JPY – More selling momentum following through. After multiple verbal intervention attempt, JPY is retreating more recent high. Yet, progress in year end illiquid times may not be the stroy in the new year.
EUR/GBP – EU
FX Weekly Strategy: Europe, December 22nd - January 2nd
December 24, 2025 5:04 AM UTC
USD should be well supported by Q3 GDP
JPY the focus as it hits new lows in real trade-weighted terms
Japanese FX intervention looks necessary to reverse JPY weakness – probability of intervention now high
AUD and NOK look undervalued
December 23, 2025
U.S. Q3 GDP: Better Than Expected, But
December 23, 2025 1:54 PM UTC
Q3 GDP came in better than expected due to a big net export contribution to growth. Gross domestic purchases at 2.7% were more in line with expectations, with mixed performance in key expenditure sectors. We see growth slowing in Q4, with net exports unlikely to repeat the Q3 outcome and consume