FX Weekly Strategy: Asia, November 10th-14th

November 9, 2025 10:00 PM UTC

USD may struggle as government shutdown extends
JPY still looks to have the most scope for gains
GBP can weaken as market prices in December rate cut
AUD should prove well supported provided domestic data remains solid

FX Weekly Strategy: APAC, November 10th-14th

November 9, 2025 6:00 PM UTC

USD may struggle as government shutdown extends
JPY still looks to have the most scope for gains
GBP can weaken as market prices in December rate cut
AUD should prove well supported provided domestic data remains solid

North American Summary and Highlights 7 Nov

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.  

FX Weekly Strategy: November 10th-14th

November 7, 2025 4:21 PM UTC

USD may struggle as government shutdown extends
JPY still looks to have the most scope for gains
GBP can weaken as market prices in December rate cut
AUD should prove well supported provided domestic data remains solid

Europe Summary and Highlights 7 November

November 7, 2025 11:16 AM UTC

The USD moved slightly lower through a quiet European morning session.

Psychology for major markets Nov 7

November 7, 2025 11:13 AM UTC

USD steady near recent highs after modest dip

FX Daily Strategy: N America, November 7th

November 7, 2025 9:56 AM UTC

CAD risks to the downside on Canadian employment
JPY benefiting from weakness in risk sentiment
GBP still vulnerable to increased rate cut expectations
Michigan sentiment might dip in response to weaker job market

Asia Summary and Highlights 7 Nov

November 7, 2025 5:38 AM UTC

Japanese September household spending +1.8% y/y
U.S. blocks Nvidia’s scaled-down AI chip sales to China

FX Daily Strategy: Asia, November 7th

November 6, 2025 10:00 PM UTC

CAD risks to the downside on Canadian employment
JPY benefiting from weakness in risk sentiment
GBP still vulnerable to increased rate cut expectations
Michigan sentiment might dip in response to weaker job market

North American Summary and Highlights 6 Nov

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.  

FX Daily Strategy: APAC, November 7th

November 6, 2025 4:44 PM UTC

CAD risks to the downside on Canadian employment
JPY benefiting from weakness in risk sentiment
GBP still vulnerable to increased rate cut expectations
Michigan sentiment might dip in response to weaker job market

Psychology for major markets Nov 6

November 6, 2025 11:23 AM UTC

USD steady near recent highs

Europe Summary and Highlights 6 November

November 6, 2025 11:07 AM UTC

The USD saw some modest losses against GBP and the JPY through the European morning, with the scandis also making gains, while most other pairs were little changed.

FX Daily Strategy: N America, November 6th

November 6, 2025 9:54 AM UTC

GBP might recover slightly if the BoE MPC leave rates unchanged as expected…
…but GBP is still likely to weaken in the coming months
JPY weakness on Thursday may alert the Japanese authorities
SEK risks may now be on the upside

Asia Summary and Highlights 5 Nov

November 6, 2025 6:10 AM UTC

The September total cash earnings rose 1.9% for Japan

FX Daily Strategy: Europe, November 6th

November 6, 2025 3:34 AM UTC

GBP might recover slightly if the BoE MPC leave rates unchanged as expected…
…but GBP is still likely to weaken in the coming months
JPY weakness on Thursday may alert the Japanese authorities
SEK risks may now be on the upside

FX Daily Strategy: Asia, November 6th

November 5, 2025 10:00 PM UTC

GBP might recover slightly if the BoE MPC leave rates unchanged as expected…
…but GBP is still likely to weaken in the coming months
JPY weakness on Thursday may alert the Japanese authorities
SEK risks may now be on the upside

North American Summary and Highlights 5 Nov

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.  

FX Daily Strategy: APAC, November 6th

November 5, 2025 4:14 PM UTC

GBP might recover slightly if the BoE MPC leave rates unchanged as expected…
…but GBP is still likely to weaken in the coming months
JPY weakness on Thursday may alert the Japanese authorities
SEK risks may now be on the upside

Psychology for major markets Nov 5

November 5, 2025 11:06 AM UTC

USD holding near the highs

Europe Summary and Highlights 5 November

November 5, 2025 11:06 AM UTC

The USD made some very modest gains through the European morning, edging less than 0.1% higher against most currencies. 

FX Daily Strategy: N America, November 5th

November 5, 2025 9:57 AM UTC

USD may edge lower on ADP
ISM services likely to have minimal impact
Scope for JPY strength to extend
GBP to stay under pressure medium term

Asia Summary and Highlights 5 Nov

November 5, 2025 5:58 AM UTC

Sea of red in equities
BoJ Sept minutes says current real interest rates are very low, will hike if data indicates

FX Daily Strategy: Europe, November 5th

November 5, 2025 5:43 AM UTC

USD may edge lower on ADP
ISM services likely to have minimal impact
Scope for JPY strength to extend
GBP to stay under pressure medium term

FX Daily Strategy: Asia, November 5th

November 4, 2025 10:00 PM UTC

USD may edge lower on ADP
ISM services likely to have minimal impact
Scope for JPY strength to extend
GBP to stay under pressure medium term

North American Summary and Highlights 4 Nov

November 4, 2025 8:52 PM UTC

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

FX Daily Strategy: APAC, November 5th

November 4, 2025 4:04 PM UTC

USD may edge lower on ADP
ISM services likely to have minimal impact
Scope for JPY strength to extend
GBP to stay under pressure medium term

Psychology for major markets Nov 4

November 4, 2025 12:30 PM UTC

USD firm aganst riskier currencies, JPY gaining as equities correct lower, 

FX Daily Strategy: N America, November 4th

November 4, 2025 10:00 AM UTC

AUD slips despite hawkish RBA
EUR soft but downside momentum modest
Scope for JPY gains but a trigger is needed
CHF weakness corrective for now

Asia Summary and Highlights 4 Nov

November 4, 2025 5:36 AM UTC

RBA hold as expected

FX Daily Strategy: Asia, November 4th

November 3, 2025 10:00 PM UTC

GBP has scope to recover after the BoE MPC meeting
USD strength may start to fade with most of the good news now in
JPY weakness needs official action or a turn in equities if it is to reverse

North American Summary and Highlights 3 Nov

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. 

FX Daily Strategy: APAC, November 4th

November 3, 2025 4:12 PM UTC

GBP has scope to recover after the BoE MPC meeting
USD strength may start to fade with most of the good news now in
JPY weakness needs official action or a turn in equities if it is to reverse

Europe Summary and Highlights 3 November

November 3, 2025 11:18 AM UTC

The EUR fell back in the European morning, dropping 25 pips to 1.1515 after failing a test of the 1.1540 resistance area in late Asia.

Psychology for major markets Nov 3

November 3, 2025 11:01 AM UTC

USD still generally firm, JPY finding some support

FX Weekly Strategy: November 3rd-7th

November 3, 2025 9:50 AM UTC

GBP has scope to recover after the BoE MPC meeting
USD strength may start to fade with most of the good news now in
JPY weakness needs official action or a turn in equities if it is to reverse

Asia Summary and Highlights 3 Nov

November 3, 2025 5:41 AM UTC

Trump says U.S. will block China from getting Nvidia’s most advanced chips
Trump says not considering giving Ukraine Tomahawk missiles

FX Weekly Strategy: Europe, November 3rd-7th

November 3, 2025 4:36 AM UTC

GBP has scope to recover after the BoE MPC meeting
USD strength may start to fade with most of the good news now in
JPY weakness needs official action or a turn in equities if it is to reverse

FX Weekly Strategy: Asia, November 3rd-7th

November 2, 2025 10:00 PM UTC

GBP has scope to recover after the BoE MPC meeting
USD strength may start to fade with most of the good news now in
JPY weakness needs official action or a turn in equities if it is to reverse

FX Weekly Strategy: APAC, November 3rd-7th

November 2, 2025 6:00 PM UTC

GBP has scope to recover after the BoE MPC meeting
USD strength may start to fade with most of the good news now in
JPY weakness needs official action or a turn in equities if it is to reverse

North American Summary and Highlights 31 Oct

October 31, 2025 6:56 PM UTC

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

FX Weekly Strategy: November 3rd-7th

October 31, 2025 3:58 PM UTC

GBP has scope to recover after the BoE MPC meeting
USD strength may start to fade with most of the good news now in
JPY weakness needs official action or a turn in equities if it is to reverse

Europe Summary and Highlights 31 October

October 31, 2025 11:12 AM UTC

The USD was generally not much changed through a quiet European morning.

Psychology for major markets Oct 31

October 31, 2025 11:11 AM UTC

USD still firm post-FOMC