Europe Summary and Highlights 14 Jul

July 14, 2026 10:11 AM UTC

FX still currently neutralised, in parts, as oil rises and hike odds broadly lifted
Kiwi remains the stand out, short squeezing further ; NOK and CAD gain some oil support
Focus turns to US CPI, given extra emphasis by Fed Waller comments

Europe Summary and Highlights 13 Jul

July 13, 2026 10:07 AM UTC

Europe yawns at w/e escalation, returns to Friday's balance
Quiet calendar until US CPI

Europe Summary and Highlights 10 Jul

July 10, 2026 9:59 AM UTC

NOK main underperformer after big downside CPI miss
JPY trims o/n move, chewing over latest MoF idea

Europe Summary and Highlights 9 Jul

July 9, 2026 10:04 AM UTC

Oil trims back as Trump says Iran wants a deal
Dollar eases off, but EUR/USD mini bounce contained by 1.1450~
NZD remains the main outperformer post RBNZ

Europe Summary and Highlights 8 Jul

July 8, 2026 9:51 AM UTC

Trumps 'MOU over' remark the main focal point
Oil extends bounce, though FX remains quite tepid
Slight lift for oversold NOK and CAD; NZD retains hike lift, but capped back 

Europe Summary and Highlights 7 Jul

July 7, 2026 9:50 AM UTC

USD/JPY sees a little profit-taking on the post holiday bounce
Generally quiet, tech stocks a little lower following Kospi, oil a touch higher on hazards

Europe Summary and Highlights 6 Jul

July 6, 2026 10:02 AM UTC

USD/JPY creeping back into recent top with US holiday cleared

Europe Summary and Highlights 3 Jul

July 3, 2026 9:41 AM UTC

Relatively quiet into US holiday, bar a mini USD/JPY dip
EZ PMI revised up

Europe Summary and Highlights 2 Jul

July 2, 2026 10:10 AM UTC

USD/JPY down 1.5 figs after jittery market pares into holiday, wary of MoF guerrilla tactics 
EUR/GBP extends the range breakdown

Europe Summary and Highlights 1 Jul

July 1, 2026 10:06 AM UTC

EZ HICP confirmed lower than mkt expectations, EUR/USD slips off 1.14
Focus turning to ongoing payrolls build up

Europe Summary and Highlights 30 Jun

June 30, 2026 10:21 AM UTC

Soft Eurozone inflation prints so far. 
EUR/USD sticks around 1.14 into options
USD/JPY sits off high after period end support

Europe Summary and Highlights 29 Jun

June 29, 2026 10:23 AM UTC

Slow morning, consolidation with minor dollar drift

Europe Summary and Highlights 26 Jun

June 26, 2026 9:54 AM UTC

Into the weekend, corrective consolidation of overbought dollar still in play
NOK remains weighed though, if also slowed
Risk stays choppier, overall weighed off highs

Europe Summary and Highlights 25 Jun

June 25, 2026 10:01 AM UTC

Consolidation after recent fast dollar action
Oil fully back to pre-Iran, equities bolstered by earnings

Europe Summary and Highlights 24 Jun

June 24, 2026 9:53 AM UTC

Dollar stretches, remains firm, if now taking a breather around some levels
IFO data broadly as expected

Europe Summary and Highlights 23 Jun

June 23, 2026 9:58 AM UTC

USD/risk firmer on dollar trend, position adjustment and equity/commodity pullbacks
EZ PMI off lows, price pressures also moderate though (even pre-MoU)

Europe Summary and Highlights 22 Jun

June 22, 2026 9:38 AM UTC

UK PM Starmer resigns, but no impact as fully expected
Iran talks progress steadies risk and oil
Dollar holds a firm tone

Europe Summary and Highlights 19 Jun

June 19, 2026 9:42 AM UTC

Dollar backs off resistance tests, consolidating into w/e, US holiday
Oil takes talks delay in stride

Europe Summary and Highlights 18 Jun

June 18, 2026 10:59 AM UTC

After some consolidation overnight, dollar back to bid after the FOMC breaks
SNB as expected; Norges a little hawkish but NOK focus on USD and on Iran-trade unwinds
UK looks to BoE and by-election

Europe Summary and Highlights 17 Jun

June 17, 2026 10:12 AM UTC

UK CPI lower than expected, EUR/GBP drifting off YTD range base
Riksbank notes increased hike risks late year, but core view support unchanged
Contained trade as market waits for the key FOMC meeting

Europe Summary and Highlights 16 Jun

June 16, 2026 10:08 AM UTC

BoJ and RBA fail to jolt overnight
Market stuck in dead flat trade waiting for FOMC

Europe Summary and Highlights 15 Jun

June 15, 2026 10:04 AM UTC

Oil cements further pullback to $80~ mark, risk firms and front end yields off
Uncertainties remain, but that is a given
EUR/USD sits at 1.16~, USD/JPY around 160~, key central bank meetings ahead
NOK/SEK sees further pullback, CHF gets through referendum risk-event

Europe Summary and Highlights 12 Jun

June 12, 2026 9:56 AM UTC

Oil breaks lower, getting braver on pricing in deal hopes
FX more cautious but likely to build into NY session for fresh dollar support tests, headlines allowing
NOK continues to correct in this environment, profit-taking coming through

Europe Summary and Highlights 11 Jun

June 11, 2026 9:36 AM UTC

Oil off the highs, hopes still pinned to ongoing diplomatic talks
Stocks also holding the recent lows and trying to steady
Limited net moves, ECB next focus

Europe Summary and Highlights 10 Jun

June 10, 2026 10:01 AM UTC

Oil still checked even with exchanges, hope pinned on nuclear detail progress
Risk markets still seeing some pressure, though Nasdaq remains off yesterday's spike low
Some NOK support from CPI, but Norges Bank ahead of the curve
FX market remains in cautious n/t consolidation, US CPI next focus

Europe Summary and Highlights 9 Jun

June 9, 2026 9:53 AM UTC

Consolidation with FX cautious, even with the oil back off as US short end holds on to higher yields
Lots of uncertainties remain over the immediate Iran and risk market pictures

Europe Summary and Highlights 8 Jun

June 8, 2026 9:53 AM UTC

Consolidation, after Friday's sharp moves and dollar break higher
Focus remains on Iran, yields, and tech momentum
USD/JPY still dancing on the edge

Europe Summary and Highlights 5 Jun

June 5, 2026 9:18 AM UTC

Range action holds, tired risk mkt tone shrugged of in morning session
Focus turns to US payrolls

Europe Summary and Highlights 4 Jun

June 4, 2026 9:34 AM UTC

Dollar drifts off but market still defensive
Soft Swiss CPI; weak UK construction PMI

Europe Summary and Highlights 3 Jun

June 3, 2026 9:09 AM UTC

USD/JPY whippy from 160 into BoJ Ueda speech
Otherwise, dollar has a haven lean as oil extends correction higher on Iran disquiet

Europe Summary and Highlights 2 Jun

June 2, 2026 9:11 AM UTC

Subdued morning, some calm after Mon's concerns, but still uncertainties
Crude sits just off $90, mid range for last few days

Europe Summary and Highlights 1 Jun

June 1, 2026 9:55 AM UTC

Lack of signoff delivery, and ongoing frictions lift oil off the lows (+3%)
Stems NZD (-0.6%, rolled from 0.6); and SEK (-0.5%) as leaks back into some dollar support
EUR/USD consolidates at 1.1650 decision point

Europe Summary and Highlights 29 May

May 29, 2026 10:03 AM UTC

Oil sits around the lows waiting on news
EZ data mixed. German State CPI below expectations, bolsters bunds
BoE's Bailey signals no hurry on rates
AUD/NZD still where the most life is

Europe Summary and Highlights 28 May

May 28, 2026 10:04 AM UTC

Overnight blips faded, oil stays towards the lows so long as talks not declared derailed
Volatility continues to compress

Europe Summary and Highlights 27 May

May 27, 2026 9:54 AM UTC

Some corrective action on the popular crosses
AUD/NZD extends the corrective pullback out of the RBNZ
NOK/SEK adjusting as the lower Brent prices stick even with the strains

Europe Summary and Highlights 26 May

May 26, 2026 9:55 AM UTC

Quiet session, EUR slightly firmer after Schnabel comments

Europe Summary and Highlights 22 May

May 22, 2026 9:56 AM UTC

Quiet session, GBP resilient despite weak UK retail sales

Europe Summary and Highlights 21 May

May 21, 2026 9:51 AM UTC

EUR and GBP resilient despite weak PMIs

Europe Summary and Highlights 20 May

May 20, 2026 9:36 AM UTC

UK CPI softer, but PPI firmer and focus elsewhere on future developments
Oil trims, but part of a wider holding pattern as mkt navigates more verbal noise than signal on Iran for now
Tech risk eyes Nvidia the next focus
US20yr auction an d Fed Minutes of interest for USTs

Europe Summary and Highlights 19 May

May 19, 2026 10:44 AM UTC

Soft UK labour market data, gilt yields trim. GBP consolidates yesterday's position trimming bounce
Dollar remains propped amid uncertain backdrop, USD/JPY creeping higher into intervention zone

Europe Summary and Highlights 18 May

May 18, 2026 9:51 AM UTC

Mkts take a breather after Fri moves, dollar pairs consolidate off support test
G7 underway, watching headlines but not expecting much 

Europe Summary and Highlights 15 May

May 15, 2026 10:33 AM UTC

Trumps hawkish tone on Iran continues, overstretched risk markets feeling some gravity
Dollar continues squeeze, taking out some levels, adding to broader corrective action 

Europe Summary and Highlights 14 May

May 14, 2026 10:00 AM UTC

Quiet session, US retail sales next focus

Europe Summary and Highlights 13 May

May 13, 2026 10:12 AM UTC

GBP and gilts steady as immediacy of PM challenge seen abating, even as long-term prospects remain doubtful
Dollar still nudging firmer, DXY and EUR/USD testing next levels
US-China talks kick off and key focus for rest of week

Europe Summary and Highlights 12 May

May 12, 2026 10:04 AM UTC

GBP sold as pressure on Starmer ramps up, and gilts spike at open, though trim off support/resistance tests
Oil creeps higher as standoff rolls on, keeping dollar supported

Europe Summary and Highlights 11 May

May 11, 2026 10:29 AM UTC

Overnight moves faded as oil bounce trims, dollar back to pretty flat

Europe Summary and Highlights 8 May

May 8, 2026 10:18 AM UTC

USD modestly weaker through European morning, NOK strong 

Europe Summary and Highlights 7 May

May 7, 2026 10:09 AM UTC

USD modestly weaker through European morning, NOK strong on Norges Bank rate hike

Europe Summary and Highlights 6 May

May 6, 2026 10:28 AM UTC

USD modestly weaker through European morning as oil drops and equities gain