Free Tactical

View:

November 07, 2025

North American Summary and Highlights 7 Nov
Freemium Article

November 7, 2025 8:38 PM UTC

Overview - USD/CAD fell on strong Canadian employment data. A weak Michigan CSI provided some weight on the USD but was offset as equites saw a late recovery on hopes for an end to the government shutdown.  

This week's five highlights
Freemium Article

November 7, 2025 10:00 AM UTC

Fiscal Elephant in the Room Ignored by BOE
RBA's Hawkish tilt
Norges Bank Ready For December Cut?
Riksbank Board Sticks to it Plans
Canada Budget Sees Larger Deficits, Slower Growth

November 06, 2025

North American Summary and Highlights 6 Nov
Freemium Article

November 6, 2025 8:52 PM UTC

Overview - US labor market concerns weighed on the USD and equities. The latter weighed on the commodity currencies.  

November 05, 2025

North American Summary and Highlights 5 Nov
Freemium Article

November 5, 2025 8:45 PM UTC

Overview - The USD made modest gains in Europe and US data was stronger than expected, which lifted USD/JPY and risk appetite.  

November 04, 2025

North American Summary and Highlights 4 Nov
Freemium Article

November 4, 2025 8:52 PM UTC

Overview - Weak equities meant risk off trade with GBP particularly weak on fiscal policy concerns. 

November 03, 2025

North American Summary and Highlights 3 Nov
Freemium Article

November 3, 2025 8:52 PM UTC

Overview - The USD slipped after weaker ISM manufacturing data but was mostly little changed. The CHF was weaker after a soft Swiss CPI. 

October 31, 2025

North American Summary and Highlights 31 Oct
Freemium Article

October 31, 2025 6:56 PM UTC

Overview - The USD was slightly stronger, most notably versus the EUR. 

This week's five highlights
Freemium Article

October 31, 2025 11:55 AM UTC

U.S-China Trade Tensions Ease, US-Canada Tensions Escalate
FOMC eases by 25bps, to conclude quantitative tightening on December 1
Bank of Canada Hawkish Ease with Current Rate Level Seen as Appropriate
7-2 Hold for BoJ
ECB Hedging its Bets

October 30, 2025

North American Summary and Highlights 30 Oct
Freemium Article

October 30, 2025 7:31 PM UTC

Overview - The USD was generally firmer, but lost momentum after the ECB was slightly more upbeat while leaving policy unchanged. 

October 29, 2025

North American Summary and Highlights 29 Oct
Freemium Article

October 29, 2025 8:13 PM UTC

Overview - After slipping ahead of the FOMC decision, a comment from Chairman Powell in the press conference that a December easing was far from assured saw the USD finishing firmer. 

October 28, 2025

North American Summary and Highlights 28 Oct
Freemium Article

October 28, 2025 7:19 PM UTC

Overview - USD trade was subdued but GBP saw slippage while AUD and CAD advanced. 

October 27, 2025

North American Summary and Highlights 27 Oct
Freemium Article

October 27, 2025 7:39 PM UTC

Overview - The USD saw some slippage in Europe before recovering in the North American morning, before a late move lower. 

October 24, 2025

North American Summary and Highlights 24 Oct
Freemium Article

October 24, 2025 7:50 PM UTC

Overview - The USD fell on a weaker than expected US CPI, but erased most of its losses in subsequent trade. 

This week's five highlights
Freemium Article

October 24, 2025 12:00 PM UTC

When And How Will the U.S. Government Shutdown End
U.S.-Canada's Fragile Relationship
Firm but a little less so in core rate for U.S. September CPI
A Final and Lower Than Expected UK CPI
New Japan PM Elected

October 23, 2025

North American Summary and Highlights 23 Oct
Freemium Article

October 23, 2025 7:40 PM UTC

Overview -
The USD was mostly little changed but slipped versus EUR and CHF in North America.

October 22, 2025

North American Summary and Highlights 22 Oct
Freemium Article

October 22, 2025 7:31 PM UTC

Overview - GBP slipped after a softer than expected UK CPI but the USD was not much changed, slipping in North America after gains in Europe. 

October 21, 2025

North American Summary and Highlights 21 Oct
Freemium Article

October 21, 2025 7:49 PM UTC

Overview - USD/JPY continued to advance in Europe. North American trade was subdued outside a fall in USD/CAD after a stronger than expected Canadian CPI. 

October 20, 2025

North American Summary and Highlights 20 Oct
Freemium Article

October 20, 2025 7:52 PM UTC

Overview - In a quiet day the USD was mostly slightly firmer. 

October 17, 2025

North American Summary and Highlights 17 Oct
Freemium Article

October 17, 2025 7:45 PM UTC

Overview - Comments from Trump eased worries over US-China trade risks, lifting risk appetite. 

This week's five highlights
Freemium Article

October 17, 2025 11:00 AM UTC

U.S-China Trade Tensions May Escalate Further Before Eventually Fading
This Week's Fed Speaker
Japan Political Turbulence Strengthen
First Phrase of India–US Trade Negotiations
UK GDP Moving Sideways At Best

October 16, 2025

North American Summary and Highlights 16 Oct
Freemium Article

October 16, 2025 7:29 PM UTC

Overview - The USD slipped, led by USD/JPY, as equities and UST yields fell on US banking sector concerns. 

October 15, 2025

North American Summary and Highlights 15 Oct
Freemium Article

October 15, 2025 7:50 PM UTC

Overview - USD/JPY found a base after sliding in Asia, but the USD was mixed and slightly weaker overall. 

October 14, 2025

North American Summary and Highlights 14 Oct
Freemium Article

October 14, 2025 7:31 PM UTC

Overview - The USD slipped in North America, more than fully erasing European gains, most of the losses coming before comments from Fed’s Powell.  GBP weakened after labor market data. 

October 13, 2025

North American Summary and Highlights 13 Oct
Freemium Article

October 13, 2025 7:27 PM UTC

Overview - The USD largely reversed Friday’s losses as US-China trade worries eased, though equities managed only a partial reversal of Friday’s losses. 

October 10, 2025

North American Summary and Highlights 10 Oct
Freemium Article

October 10, 2025 7:46 PM UTC

Overview - Trump threatened a massive increase in tariffs on China and the USD weakened, though AUD/USD was weaker. AUD/CAD fell sharply with the CAD supported by a strong Canadian employment report. 

This week's five highlights
Freemium Article

October 10, 2025 11:00 AM UTC

No dramatic divisions from FOMC Minutes
This Week's Fed Speakers
RBNZ Provides More Dovish Surprise
Japanese New PM Sunk JPY
Another France Prime Minister Bites the Dust

October 09, 2025

North American Summary and Highlights 9 Oct
Freemium Article

October 9, 2025 7:08 PM UTC

Overview - With a brief dip in USD/JPY on Takaichi comments quickly reversed, the USD advanced across the board. 

October 08, 2025

North American Summary and Highlights 8 Oct
Freemium Article

October 8, 2025 7:52 PM UTC

Overview - The USD was generally firmer, again led by USD/JPY, but came off its highs after the FOMC minutes. 

October 07, 2025

North American Summary and Highlights 7 Oct
Freemium Article

October 7, 2025 7:57 PM UTC

Overview - The USD was firmer led by USD/JPY with only limited moves elsewhere. 

October 06, 2025

North American Summary and Highlights 6 Oct
Freemium Article

October 6, 2025 7:42 PM UTC

Overview - The USD was mixed with USD/JPY remaining firm but EUR/USD recovered from losses seen after the resignation of French PM Lecornu even with the EUR remaining lower on the European crosses. 

October 03, 2025

North American Summary and Highlights 3 Oct
Freemium Article

October 3, 2025 7:35 PM UTC

Overview - The USD slipped in the European morning but was mixed in North America after ISM services data. 

This week's five highlights
Freemium Article

October 3, 2025 10:00 AM UTC

U.S. Government Shutdown Starting October 1
Another Round of Trump Tariffs
FOMC Minutes to show differing views on the future rates path
And this Week's Fed Speakers
Data Dependency Continues for RBA

October 02, 2025

North American Summary and Highlights 2 Oct
Freemium Article

October 2, 2025 7:44 PM UTC

Overview - The USD slipped in the European morning but ended slightly firmer after the North American session. 

October 01, 2025

North American Summary and Highlights 1 Oct
Freemium Article

October 1, 2025 7:56 PM UTC

Overview - The USD was little changed, despite government shutdown concerns and weak ADP employment data. 

September 30, 2025

North American Summary and Highlights 30 Sep
Freemium Article

September 30, 2025 7:57 PM UTC

Overview - The USD was generally slightly softer, led by USD/JPY in the European morning. 

September 29, 2025

North American Summary and Highlights 29 Sep
Freemium Article

September 29, 2025 7:40 PM UTC

Overview - The USD was generally softer with a potential US government shutdown getting closer. 

September 26, 2025

North American Summary and Highlights 26 Sep
Freemium Article

September 26, 2025 7:23 PM UTC

Overview - The USD saw a modest correction from Thursday’s gains as US data eased inflationary worries somewhat. 

This week's five highlights
Freemium Article

September 26, 2025 10:00 AM UTC

This Week's Fed Speakers
U.S. Initial Claims, GDP revisions, Durables and Trade all stronger than expected
No Deadair For Trump
SNB Staying at Zero 
Riksbank Delivers Final Rate Cut

September 25, 2025

North American Summary and Highlights 25 Sep
Freemium Article

September 25, 2025 7:42 PM UTC

Overview - The USD rallied across the board following a strong set of US data.

September 24, 2025

North American Summary and Highlights 24 Sep
Freemium Article

September 24, 2025 7:52 PM UTC

Overview - The USD was stronger across the board, though more due to a weak German IFO survey than strong US new home sales. 

September 23, 2025

North American Summary and Highlights 23 Sep
Freemium Article

September 23, 2025 7:47 PM UTC

Overview - The USD was slightly weaker, though held up better against the riskier currencies, after Fed’s Powell warned that there were no risk-free policy choices. 

September 22, 2025

North American Summary and Highlights 22 Sep
Freemium Article

September 22, 2025 7:38 PM UTC

Overview - In a subdued session with limited news the USD was mostly weaker. 

September 19, 2025

North American Summary and Highlights 19 Sep
Freemium Article

September 19, 2025 7:20 PM UTC

Overview - In a subdued session the USD saw gains versus JPY, CHF and GBP but slipped versus the CAD. 

This week's five highlights
Freemium Article

September 19, 2025 10:00 AM UTC

FOMC eases by 25bps, dots see two more 25bps moves this year
BoJ Holding the lines
Guillotine for Gilts after BOE
Clear consensus to ease from Bank of Canada
More Caution But Another Cut Flagged for Norges Bank This Year

September 18, 2025

North American Summary and Highlights 18 Sep
Freemium Article

September 18, 2025 7:54 PM UTC

Overview - The USD was weaker in Europe but rebounded on stronger than expected US data. The GBP was slightly weaker after the BoE announcement. 

September 17, 2025

North American Summary and Highlights 17 Sep
Freemium Article

September 17, 2025 7:58 PM UTC

Overview - The USD dipped on the FOMC dots but fully reversed that move during Powell’s press conference, ending firmer. 

September 16, 2025

North American Summary and Highlights 16 Sep
Freemium Article

September 16, 2025 8:04 PM UTC

Overview - Despite positive data, the USD was weaker with Wednesday’s FOMC decision approaching. 

September 15, 2025

North American Summary and Highlights 15 Sep
Freemium Article

September 15, 2025 7:49 PM UTC

Overview - In a generally quiet session the USD was slightly softer. 

September 12, 2025

North American Summary and Highlights 12 Sep
Freemium Article

September 12, 2025 7:42 PM UTC

Overview - After a day of subdued trading, the USD was little changed. 

This week's five highlights
Freemium Article

September 12, 2025 10:00 AM UTC

Japanese PM Ishiba Resigned Under Party Pressure
U.S. August CPI firmer than expected
U.S. March 2025 Non-Farm Payroll Benchmark Revised Down
And more political uncertainty in the U.S.
Steady ECB Council Meeting