North American Summary and Highlights 14 July

July 14, 2026 7:53 PM UTC

Overview - The USD slipped on a softer than expected US CPI, though corrected off its lows. 

FX Daily Strategy: Asia, Jul 15

July 14, 2026 3:00 PM UTC

Reduced energy risk may see more attention on trade for Bank of Canada 
U.S. June PPI Should See Some fading from recent strength
USD/JPY Above 162.00 return focus to 162.70/84 highs

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

FX Daily Strategy: N America, Jul 14

July 14, 2026 8:50 AM UTC

Market summer-lulled or too relaxed, time will tell; arm-wrestle and entrenching expensive abnormality can't go on forever without consequences
Short and caught kiwi still a bright spot, hawkish comments fuel further
Japan GPIF story also slumbers but one to watch
Main focus for the week arrives with U

Psychology for major markets July 14

July 14, 2026 7:36 AM UTC

Oil Stay Elevated

Asia Summary and Highlights 14 July

July 14, 2026 5:20 AM UTC

U.S. military carrying out a third consecutive night of strikes on Iran and the naval blockade of Iran

FX Daily Strategy: Asia, Jul 14

July 13, 2026 2:29 PM UTC

Market summer-lulled, too relaxed, or ice-cool worldly - time will tell; arm-wrestle can't go on forever without consequences
Short and caught kiwi still a bright spot
Japan GPIF story also slumbers but one to watch
Main focus for the week arrives with US CPI and Warsh testimony

IMM Commitment of Traders Reports w/e Jul 7

July 13, 2026 11:04 AM UTC

IMM data echoes recent trends, with market broadly long dollar, if euro neutral
NZD shorts even more extreme (3stdev +) into the RBNZ squeeze
GBP shorts also stayed large even as cross stretched range downside

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

FX Weekly Strategy: N America, Jul 13-17

July 13, 2026 9:06 AM UTC

Quiet summer markets, if some with idiosyncratic drivers
GPIF story is one to watch on USD/JPY. Market may be being underestimated it, for all its procedural issues
US CPI and Warsh testimony provides the calendar highlights

Psychology for major markets July 13

July 13, 2026 8:45 AM UTC

Bombs keep dropping

Asia Summary and Highlights 13 July

July 13, 2026 5:36 AM UTC

Iran extend strikes to Qatar and the UAE for the first time in months, plus Jordan, Kuwait and Oman

FX Weekly Strategy: Asia, Jul 13-17

July 10, 2026 3:27 PM UTC

Quiet summer markets, if some with idiosyncratic drivers
GPIF story is one to watch on USD/JPY. Market may be being underestimated it, for all its procedural issues
US CPI and Warsh testimony provides the calendar highlights

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

FX Daily Strategy: N America, Jul 10

July 10, 2026 8:50 AM UTC

Empty Calendar Sees Geopolitics in Driver Seat
World Cup to help sustain bounce in Canada Employment 
But the Loonie Still Chopping

Psychology for major markets July 10

July 10, 2026 8:23 AM UTC

Optimistic Persists Till the End of Week So Far

Asia Summary and Highlights 10 July

July 10, 2026 5:04 AM UTC

Japan will seek measures encouraging GPIF and other pension funds to raise investment in Japanese financial assets
U.S. official said late Thursday that Washington remains committed to a resolution with Iran

FX Daily Strategy: Europe, Jul 10

July 10, 2026 4:34 AM UTC

Empty Calendar Sees Geopolitics in Driver Seat
World Cup to help sustain bounce in Canada Employment 
But the Loonie Still Chopping

FX Daily Strategy: Asia, Jul 10

July 9, 2026 3:00 PM UTC

Empty Calendar Sees Geopolitics in Driver Seat
World Cup to help sustain bounce in Canada Employment 
But the Loonie Still Chopping

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

Psychology for major markets July 9

July 9, 2026 9:45 AM UTC

Does Iran want a Deal?

FX Daily Strategy: N America, Jul 9

July 9, 2026 9:12 AM UTC

FOMC Minutes and Trump Iran rhetoric to be digested
Oil and wider mkt left navigating the dangerous line between rhetoric and breakdown

Asia Summary and Highlights 9 July

July 9, 2026 5:04 AM UTC

Missiles Flying

FX Daily Strategy: Europe, Jul 9

July 9, 2026 4:30 AM UTC

FOMC Minutes to be digested, though again Trumped by Iran
Oil and wider mkt left gauging the dangerous line between rhetoric and breakdown
CAD and NOK were oversold so most responsive, EUR/USD proving a little trapped s/t
USD/JPY still in heads I win tails you lose mentality

FX Daily Strategy: Asia, Jul 9

July 8, 2026 2:08 PM UTC

FOMC Minutes to be digested, though again Trumped by Iran
Oil and wider mkt left gauging the dangerous line between rhetoric and breakdown
CAD and NOK were oversold so most responsive, EUR/USD proving a little trapped s/t
USD/JPY still in heads I win tails you lose mentality

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 

Psychology for major markets July 8

July 8, 2026 9:11 AM UTC

Trump says Memorandum of Understanding with Iran is over

FX Daily Strategy: N America, Jul 8

July 8, 2026 8:59 AM UTC

RBNZ Hike by 25bps
Rate path Could Disappoint Kiwi Hawks
USD/JPY Remain in Intervention Zone

FX Daily Strategy: Europe, Jul 8

July 8, 2026 6:05 AM UTC

RBNZ Hike by 25bps
Rate path Could Disappoint Kiwi Hawks
USD/JPY Remain in Intervention Zone

Asia Summary and Highlights 8 July

July 8, 2026 6:03 AM UTC

USD/JPY Fast Approaching Monthly High
Iran says it targeted a US base in Bahrain, warns of more attacks
RBNZ Gov Breman says Inflation may have already peaked

FX Daily Strategy: Asia, Jul 8

July 7, 2026 3:00 PM UTC

RBNZ Hawkish Hold
Could Disappoint Kiwi Hawks
USD/JPY Remain in Intervention Zone

Psychology for major markets July 7

July 7, 2026 10:07 AM UTC

Another crude oil tanker reportedly damaged near Oman, around the Strait of Hormuz

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

FX Daily Strategy: N America, Jul 7

July 7, 2026 9:01 AM UTC

Dollar steadies, risk steadies, summer slowdown may be here
USD/JPY recoups - recovery time seems proportionate to scale of the drop
Thin calendar, Minutes and RBNZ still the later highlights

IMM Commitment of Traders Reports w/e Jun 30

July 7, 2026 8:25 AM UTC

Latest IMM data highlights market was still strongly spec GBP short - playing to the squeeze and EUR/GBP breakdown
NZD shorts also extended and so prone to bounce if RBNZ does not 'disappoint' 
JPY shorts remain at the highs - so still a short base for noise if/when jitters strikes, as US holiday sho

Asia Summary and Highlights 7 July

July 7, 2026 5:26 AM UTC

Iranian forces strike LNG tanker and commercial ships in Strait of Hormuz
Japan May Labor Cash Earnings +3.2% y/y

FX Daily Strategy: Asia, Jul 7

July 6, 2026 3:31 PM UTC

Dollar steadies, risk steadies, summer slowdown may be here
USD/JPY recoups - recovery time seems proportionate to scale of the drop
Thin calendar, Minutes and RBNZ still the later highlights

Europe Summary and Highlights 6 Jul

July 6, 2026 10:02 AM UTC

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

FX Weekly Strategy: N America, Jul 6-10

July 6, 2026 9:11 AM UTC

FOMC, ECB Minutes, RBNZ decision the highlights
Dollar ardour cools but spreads still in favour
NZD attempting to bounce if RBNZ plays ball, though some correction prior
USD/JPY remains uncertain, levels post holiday

Psychology for major markets July 6

July 6, 2026 7:58 AM UTC

USD Solid