FX Weekly Strategy: July 7th - 11th

July 4, 2025 3:01 PM UTC

USD focus switches back to tariffs
All outcomes possible but USD may be less vulnerable than it was
JPY weakness looks overdone
AUD may get mild support from RBA

Psychology for major markets Jul 04

July 4, 2025 10:13 AM UTC

USD consolidating after recent declines but underlying sentiemnt still negative

FX Daily Strategy: N America, July 4th

July 4, 2025 9:00 AM UTC

Quiet day likely on US holiday
German orders unlikely to be of significant interest
USD recovery on employment report looks to be sufficient
JPY weakness still looks overdone
GBP to remain weak

FX Daily Strategy: Europe, July 4th

July 4, 2025 3:28 AM UTC

Quiet day likely on US holiday
German orders unlikely to be of significant interest
USD recovery on employment report looks to be sufficient
JPY weakness still looks overdone
GBP to remain weak

FX Daily Strategy: Asia, July 4th

July 3, 2025 9:00 PM UTC

Quiet day likely on US holiday
German orders unlikely to be of significant interest
USD recovery on employment report looks to be sufficient
JPY weakness still looks overdone
GBP to remain weak

FX Daily Strategy: APAC, July 4th

July 3, 2025 3:00 PM UTC

Quiet day likely on US holiday
German orders unlikely to be of significant interest
USD recovery on employment report looks to be sufficient
JPY weakness still looks overdone
GBP to remain weak

Psychology for major markets Jul 03

July 3, 2025 10:11 AM UTC

Consolidation as markets await employment data and tariff news. GBP weak as government struggles to cut spending

FX Daily Strategy: N America, July 3rd

July 3, 2025 9:02 AM UTC

USD could suffer on weaker US employment report
USD/JPY likely to respond most to lower US yields
GBP struggling as UK fiscal policy continues to disappoint

FX Daily Strategy: Asia, July 3rd

July 2, 2025 9:00 PM UTC

USD could suffer on weaker US employment report
USD/JPY likely to respond most to lower US yields
GBP struggling as UK fiscal policy continues to disappoint

FX Daily Strategy: APAC, July 3rd

July 2, 2025 3:01 PM UTC

USD could suffer on weaker US employment report
USD/JPY likely to respond most to lower US yields
GBP struggling as UK fiscal policy continues to disappoint

Psychology for major markets Jul 02

July 2, 2025 10:09 AM UTC

Consolidation as markets await employment data and tariff news

FX Daily Strategy: N America, July 2nd

July 2, 2025 8:58 AM UTC

USD may manage some recovery ahead of major data
GBP to remains under some downward pressure as BoE turns more dovish
CHF remains very expensive and hard to favour without significant geopolitical risk
AUD/CAD and NOK/SEK both have scope to gain

FX Daily Strategy: Asia, July 2nd

July 1, 2025 9:00 PM UTC

USD may manage some recovery ahead of major data
GBP to remains under some downward pressure as BoE turns more dovish
CHF remains very expensive and hard to favour without significant geopolitical risk
AUD/CAD and NOK/SEK both have scope to gain

FX Daily Strategy: APAC, July 2nd

July 1, 2025 2:48 PM UTC

USD may manage some recovery ahead of major data
GBP to remains under some downward pressure as BoE turns more dovish
CHF remains very expensive and hard to favour without significant geopolitical risk
AUD/CAD and NOK/SEK both have scope to gain

Psychology for major markets Jul 01

July 1, 2025 10:10 AM UTC

EUR testing highs, JPY weakness looks overdone, equities holding near highs

FX Daily Strategy: N America, July 1st

July 1, 2025 9:01 AM UTC

Data looks unlikely to move markets
USD and JPY remain under pressure
CHF strength looks puzzling and excessive
GBP could be vulnerable to more dovish BoE comments

FX Daily Strategy: Asia, July 1st

June 30, 2025 9:00 PM UTC

Data looks unlikely to move markets
USD and JPY remain under pressure
CHF strength looks puzzling and excessive
GBP could be vulnerable to more dovish BoE comments

FX Daily Strategy: APAC, July 1st

June 30, 2025 3:08 PM UTC

Data looks unlikely to move markets
USD and JPY remain under pressure
CHF strength looks puzzling and excessive
GBP could be vulnerable to more dovish BoE comments

Psychology for major markets Jun 30

June 30, 2025 10:01 AM UTC

EUR testing highs, JPY weakness looks overdone, equities making new highs

FX Weekly Strategy: June 30th - July 4th

June 30, 2025 8:45 AM UTC

US employment report the prime focus
Some risk of weaker numbers after higher claims figures from mid-May
General USD weakness remains hard to oppose
JPY could recover some ground on the crosses on weaker US data

IMM Commitment of Traders Reports w/e June 24th

June 30, 2025 7:44 AM UTC

Net long JPY positioning slightly reduced but still large, EUR longs rising

FX Weekly Strategy: Europe, June 30th - July 4th

June 30, 2025 3:33 AM UTC

US employment report the prime focus
Some risk of weaker numbers after higher claims figures from mid-May
General USD weakness remains hard to oppose
JPY could recover some ground on the crosses on weaker US data

FX Weekly Strategy: Asia, June 30th - July 4th

June 29, 2025 9:00 PM UTC

US employment report the prime focus
Some risk of weaker numbers after higher claims figures from mid-May
General USD weakness remains hard to oppose
JPY could recover some ground on the crosses on weaker US data

FX Weekly Strategy: APAC, June 30th - July 4th

June 29, 2025 5:00 PM UTC

US employment report the prime focus
Some risk of weaker numbers after higher claims figures from mid-May
General USD weakness remains hard to oppose
JPY could recover some ground on the crosses on weaker US data

FX Weekly Strategy: June 30th - July 4th

June 27, 2025 3:04 PM UTC

US employment report the prime focus
Some risk of weaker numbers after higher claims figures from mid-May
General USD weakness remains hard to oppose
JPY could recover some ground on the crosses on weaker US data

Psychology for major markets Jun 27

June 27, 2025 10:12 AM UTC

EUR testing highs, JPY weakness looks overdone, equities making new highs

FX Daily Strategy: N America, June 27th

June 27, 2025 9:12 AM UTC

Preliminary CPI data weaker in Japan, stronger in Europe
EUR/USD gains may not be over, but market is stretched near term
CAD could slip further on weak GDP

FX Daily Strategy: Europe, June 27th

June 27, 2025 3:39 AM UTC

Preliminary CPI data of limited relevance, but could extend JPY weakness
EUR/USD gains may not be over, but market is stretched near term
CAD could slip further on weak GDP

FX Daily Strategy: Asia, June 27th

June 26, 2025 9:00 PM UTC

Preliminary CPI data of limited relevance, but could extend JPY weakness
EUR/USD gains may not be over, but market is stretched near term
CAD could slip further on weak GDP

FX Daily Strategy: APAC, June 27th

June 26, 2025 2:55 PM UTC

Preliminary CPI data of limited relevance, but could extend JPY weakness
EUR/USD gains may not be over, but market is stretched near term
CAD could slip further on weak GDP

Psychology for major markets Jun 26

June 26, 2025 10:13 AM UTC

EUR making new highs, JPY weakness looks overdone

FX Daily Strategy: N America, June 26th

June 26, 2025 9:08 AM UTC

USD could slip on US claims data
Equity strength looks overdone
JPY weakness on the crosses is extreme, particularly versus CHF
SEK can slip back against EUR and NOK

FX Daily Strategy: Asia, June 26th

June 25, 2025 9:00 PM UTC

USD could slip on US claims data
Equity strength looks overdone
JPY weakness on the crosses is extreme, particularly versus CHF
SEK can slip back against EUR and NOK

FX Daily Strategy: APAC, June 26th

June 25, 2025 3:11 PM UTC

USD could slip on US claims data
Equity strength looks overdone
JPY weakness on the crosses is extreme, particularly versus CHF
SEK can slip back against EUR and NOK

Psychology for major markets Jun 25

June 25, 2025 10:18 AM UTC

EUR holding near highs, JPY weakness looks overdone

FX Daily Strategy: N America, June 25th

June 25, 2025 9:07 AM UTC

Ceasefire Consistency in the Spotlight.
U.S. May New Home Sales unlikely to repeat April's strength.
BoJ Summary Unlikely to Provide Cues.
Could See a Stall in JPY Strength.

IMM Commitment of Traders Reports w/e June 17th

June 25, 2025 7:30 AM UTC

Net long JPY positioning slightly reduced but still large, EUR longs rising

FX Daily Strategy: Europe, June 25th

June 25, 2025 3:54 AM UTC

Ceasefire Consistency in the Spotlight
U.S. May New Home Sales unlikely to repeat April's strength
BoJ Summary Unlikely to Provide Cues
Could See a Stall in JPY Strength

FX Daily Strategy: Asia, June 25th

June 24, 2025 3:55 PM UTC

Ceasefire Consistency in the Spotlight
U.S. May New Home Sales unlikely to repeat April's strength
BoJ Summary Unlikely to Provide Cues
Could See a Stall in JPY Strength

FX Daily Strategy: N America, June 24th

June 24, 2025 9:50 AM UTC

USD softer after Iran/Israel ceasefire and Fed Bowman July hints
JPY can extend recovery with  in the absence of more geopolitical shocks
CAD upside quite limited even though CPI risks are on the upside
EUR/GBP could extend rally if BoE speeches sound more dovish

Psychology for major markets Jun 24

June 24, 2025 8:15 AM UTC

USD weaker on Iran/Israel ceasefire and decline in oil prices

FX Daily Strategy: Europe, June 24th

June 24, 2025 4:03 AM UTC

IFO to show small rise but little impact likely
JPY can extend recovery in the absence of more geopolitical shocks
CAD upside quite limited even though CPI risks are on the upside
EUR/GBP could extend rally if BoE speeches sound more dovish

FX Daily Strategy: Asia, June 24th

June 23, 2025 9:00 PM UTC

IFO to show small rise but little impact likely
JPY can extend recovery in the absence of more geopolitical shocks
CAD upside quite limited even though CPI risks are on the upside
EUR/GBP could extend rally if BoE speeches sound more dovish

FX Daily Strategy: APAC, June 24th

June 23, 2025 3:10 PM UTC

IFO to show small rise but little impact likely
JPY can extend recovery in the absence of more geopolitical shocks
CAD upside quite limited even though CPI risks are on the upside
EUR/GBP could extend rally if BoE speeches sound more dovish