North American Summary and Highlights 25 Aug

August 25, 2025 7:54 PM UTC

Overview - The USD was generally stronger, particularly versus the EUR due to French political concerns. 

U.S. July New Home Sales - Trend has little direction, prices weak

August 25, 2025 2:14 PM UTC

July new home sales at 652k are on the firm side of expectations and down 0.6% from June only because June was revised up to 656k from 627k, now up 4.1% rather than 0.6%.  Trend still looks fairly stable and downside risks are fading as prospects of Fed easing increase.

Preview: Due August 26 - U.S. July Durable Goods Orders - Aircraft to return to normal, trend marginally positive

August 25, 2025 12:33 PM UTC

We expect July durable goods orders to fall by 4.5%, extending a 9.4% decline in June, but still not quite fully reversing a 16.5% surge in May. Aircraft will continue to lead the moves. Ex transport we expect a 0.1% increase, in line with a trend that is now marginally positive.

FX Weekly Strategy: N America, August 25th-29th

August 25, 2025 9:45 AM UTC

 Powell comments put the USD on the back foot
JPY still has the most potential for long term gains…
…but gains on the crosses are unlikely until risk premia rise
USD/CAD now looks likely to meet selling above 1.39.

Psychology for major markets Aug 25

August 25, 2025 9:22 AM UTC

USD stable but on defensive after Powell signals Sep rate cut 

Chart AUD/JPY Update: Extending bounce from 94.40 low

August 25, 2025 8:00 AM UTC

Consolidation above the 94.40 low has given way to bounce above 95.60 resistance to open up room for retest of the 96.00 level

Chart EUR/AUD Update: Lower in consolidation towards 1.8000/1.7945 support

August 25, 2025 7:39 AM UTC

Lower in consolidation from the 1.8150 high after failing to sustain break of the 1.8100, July high

Chart AUD/NZD Update: Extending gains

August 25, 2025 7:19 AM UTC

Consolidating test of the 1.1070 high but pressure remains on the upside

Chart USD/MYR Update: Under pressure

August 25, 2025 7:09 AM UTC

Under pressure as rejection from the 4.2320 high to break the 4.2000 level opens up the 4.1900/4.1800 May/July lows to retest

Chart USD/IDR Updates: Turned down from 16355 bounce high

August 25, 2025 6:44 AM UTC

Turned down from the Friday's 16355 high as prices unwind overbought intraday and daily studies

Asia Summary and Highlights 25 Aug

August 25, 2025 5:21 AM UTC

USD/JPY rebound after Friday's slump

Chart USD/INR Update: Lower in consolidation from 87.5400 high

August 25, 2025 5:11 AM UTC

Settled back from the 87.5400 high as prices consolidate bounce from the 86.9200 low of last week

Chart USD/CNH Update: Focus return to 7.1500/7.1440 lows

August 25, 2025 4:54 AM UTC

Break the 7.1680 low of last week return focus to the downside

AUD/USD flows: Regional equities upbeat

August 25, 2025 4:27 AM UTC

Regional equities are upbeat on Monday

FX Weekly Strategy: Europe, August 25th-29th

August 25, 2025 3:46 AM UTC

 Powell comments put the USD on the back foot
JPY still has the most potential for long term gains…
…but gains on the crosses are unlikely until risk premia rise
USD/CAD now looks likely to meet selling above 1.39.

Chart USD/THB Update: Consolidating retest of 32.30 support, room for lower later

August 25, 2025 3:09 AM UTC

Rejection from the 32.68 high has seen sharp pullback to retest the 32.30 support

Chart USD/KRW Update: Retest 1380.00 support

August 25, 2025 2:55 AM UTC

 No follow-through above the 1400.00 level and rejection there see prices back to retest support at 1380.00

Chart USD/SGD Update: Weighing on 1.2800/1.2790 support

August 25, 2025 2:17 AM UTC

Rejection from the 1.2900 level see prices back to pressure support at the 1.2800/1.2790 area and the trendline from the July low

Chart GBP/USD Update: Consolidating retest of July trendline

August 25, 2025 2:05 AM UTC

Rebound from support at the 1.3400 level has seen gains to retest trendline from the 1.3788, July current year high, at 1.3540

Chart EUR/USD Update: Consolidating retest of 1.1730 resistance

August 25, 2025 1:50 AM UTC

Rebound from support at the 1.1600 level has seen gains to retest resistance at the 1.1730 high

USD/JPY flows: Rebound to Start the Week

August 25, 2025 1:37 AM UTC

USD/JPY rebound after Friday's slump

Chart EUR/JPY Update: Higher in choppy trade within 173.00/171.00 area

August 25, 2025 1:34 AM UTC

Higher in choppy trade from the 171.30/00 support to regain the 172.00 level to expose resistance at the 172.70/173.00 area to retest

Chart USD/JPY Update: Outside range weighs

August 25, 2025 1:05 AM UTC

Rejection from the 148.65/149.00 resistance has seen pullback to retest support at 146.55, March low

Chart NZD/USD Update: Rebound from channel support

August 25, 2025 12:47 AM UTC

Saw rebound from the .5800 level and channel support to retrace recent steep losses from the .5995 high of last week