SummitFx A.I.

Trading Desk Powering Up…

Resources

Guides and notes for the desk.

Self-study packs and trading notes on the tape of the last two weeks. This is education — not a recommendation to trade, and not a solicitation. Leveraged FX can return a total loss of capital.

Guides

PDF
Education series 01 · Volume 01 · Basics

Introduction to Forex

Updated foundational notes — how the FX market is built, how a quote becomes a pip, and how a stop becomes a size. Fourteen pages on pairs, sessions, leverage, orders, charts, and a one-percent risk ceiling. Education, not a trade recommendation.

14 pages · Self-study pack · October 2026

PDF
Education series 02 · Volume 02

Sessions, Spreads & the Written Plan

Continuation of Introduction to Forex. The trading clock, what a click actually costs, execution around a news print, and a one-page plan you write before you size the trade. Education, not a trade recommendation.

15 pages · Self-study pack · October 2026

PDF
Education series 03 · Volume 03

Size, the Halt & the Weekly Review

Continuation of Sessions, Spreads & the Written Plan. How a stop becomes a lot, when the session is finished, and the one change a Sunday review is allowed to make. Education, not a trade recommendation.

14 pages · Self-study pack · October 2026

PDF
Education series 04 · Volume 04

The Streak, the Sample & What You Retire

Continuation of Size, the Halt & the Weekly Review. How a run of losses is scored in R, why twenty tickets are not a verdict, and which line on the page is allowed to leave. Education, not a trade recommendation.

14 pages · Self-study pack · October 2026

PDF
Education series 05 · Volume 05

The Second Pair, the Carry & the Weekend

Continuation of The Streak, the Sample & What You Retire. When two tickets are one bet, what overnight interest costs, and why a Friday close is not the same market as Sunday. Education, not a trade recommendation.

14 pages · Self-study pack · November 2026

Notes · last two weeks

Market Pulse
30 October 2026

AI Spending Fears Hit Asia: Reading AUDJPY as a Risk Barometer in the Tokyo Session

Alphabet's slide hit Asian equities, yet AUDJPY fell only to about 110.80. How to read a risk cross against the shock that moved it.

AUD/JPY · AUD/USD · USD/JPY · NAS100

Macro Event
30 October 2026

The Bank of Japan Holds at 1.25% With a Hawkish Dissent: Decoding an 8–1 Vote

The Bank of Japan held at 1.25% as Takata sought 1.5% and the Outlook Report saw 2% met. How to decode a fully priced hold.

USD/JPY · JP2Y · EUR/JPY

Cross-Asset
30 October 2026

Brent's Fourth Monthly Gain and Commodity Currencies: Why Oil Is Not a One-Factor Model

Brent neared $116 and the loonie hit a six-week high. Why trade, rates and official flows decide how oil moves CAD, NOK and the yen.

BRENT · USD/CAD · USD/NOK · USD/JPY

Process Guide
30 October 2026

A Month-End Friday Run Sheet: In-Line Wage Costs, Flat Canadian GDP and the 16:00 UTC London Fix

US wage costs rose 0.8% as expected and Canada's GDP stalled in August. How to plan the data window and the month-end London fix separately.

US2Y · USD/CAD · DXY · EUR/USD

Risk Watch
30 October 2026

A Fixing 590 Pips Weaker Than Expected: Reading the PBOC's Brake on the Yuan

The PBOC fixed dollar-yuan at 6.7138, 590 pips weaker than expected, as the yuan neared four-year highs. What can go wrong in a managed currency.

USD/CNY · USD/CNH · DXY · CSI300

Market Pulse
29 October 2026

The Won's Fed-Day Round Trip: Reading an Asian Session When Equity Inflows Are Hedged

The won fell 14 won to 1,337.7 as the KOSPI surged, then led Asia after the Fed. How to read an Asian session when equity inflows are hedged.

USD/KRW · KOSPI · DXY

Macro Event
29 October 2026

The ECB Holds at 2.50% as Lagarde Plans Exit: Decoding Guidance When December Is Priced

The ECB held at 2.50% and flagged tighter financing conditions; the euro slipped to around $1.11. How to decode guidance when a hold is priced.

EUR/USD · DE2Y · FR10Y

Cross-Asset
29 October 2026

A Steeper Treasury Curve After Warsh: What Two-Year and Ten-Year Yields Tell the Dollar

Two-year yields fell and ten-year yields rose after Warsh spoke, and the dollar slipped. Why the front end of the curve matters most for FX.

US2S10S · US2Y · US10Y · DXY · USD/JPY

Process Guide
29 October 2026

GDP Beats at 3.4% While Core PCE Matches: A Run Sheet for a Double US Release

US Q3 GDP grew 3.4%, beating forecasts, while core PCE matched at 0.3%. How a five-step run sheet reads two tier-1 releases in the same minute.

FEDFUNDS · US2Y · DXY · EUR/USD

Risk Watch
29 October 2026

The Rupiah at a Record Low: Intervention Tools and What Can Go Wrong

The rupiah hit a record low as oil and US rates weighed; Bank Indonesia is intervening. What intervention can and cannot do for event risk.

USD/IDR · BRENT · DXY

Market Pulse
28 October 2026

The Kiwi After the RBNZ's Split Hold: Reading a Surprise Against Near-Full Pricing

The RBNZ held at 2.75% by a 4–3 vote against a priced hike and the kiwi fell 1.7%. How to measure a policy surprise against market pricing.

NZD/USD · AUD/NZD · AUD/USD

Macro Event
28 October 2026

The Bank of Canada Hikes to 2.5%: Reading Guidance When a Hike Is Mostly Priced

The BoC hiked to 2.5% as most economists expected. How guidance, forecasts and oil shaped a muted Canadian dollar reaction.

USD/CAD · BRENT · DXY

Cross-Asset
28 October 2026

Gold and the Dollar After the Fed's 10–2 Hold: Testing a Haven Correlation

The Fed held at 3.75%–4.00% with two dissents for a hike. Gold fell 0.5% as yields rose and the dollar barely moved: reading a shifting correlation.

XAU/USD · DXY · US10Y

Process Guide
28 October 2026

Reading the UK Budget for FX: £15 Billion Headroom, the OBR and the Long-End Gilt Test

The Budget met the fiscal rules with £15bn of headroom and gilts barely moved. A five-step method for reading fiscal events through gilts and sterling.

UK30Y · GBP/USD · EUR/GBP

Risk Watch
28 October 2026

Israel's Deadlocked Exit Polls and the Shekel: Risk When Coalition Talks Replace a Result

Israel's count left both blocs short of 61 seats and the shekel fell about 2% to 3.1185 per dollar. How a hung result becomes a chain of risks.

USD/ILS · EUR/ILS · BRENT

Market Pulse
27 October 2026

Yen Gives Back Haven Gains Before the Bank of Japan: Reading the Tokyo Session

Why the yen slipped to 157.73 per dollar in Tokyo as BoJ underlying inflation rose, and how to read flow versus information in the session.

USD/JPY · EUR/JPY · DXY

Macro Event
27 October 2026

Australia's Trimmed Mean Rises 1.0%: How an In-Line Core Print Still Reached the Australian Dollar

Australia's trimmed mean rose 1.0% in the September quarter, in line with banks but above the RBA. How the print lifted hike pricing and AUDUSD.

AUD/USD · AUD/NZD

Cross-Asset
27 October 2026

Oil, the Import Bill and the Thai Baht: Reading Terms-of-Trade Pressure in Asia

Thailand's record 50.4% import surge and Brent near $115 show how oil reaches an importer's currency through the trade balance, and when that link weakens.

USD/THB · BRENT · USD/IDR

Process Guide
27 October 2026

Building a Run Sheet for a Crowded US Afternoon: Data, Auctions and a Buyback

A US run sheet in practice: durables 1.8%, confidence 91.7, a five-year auction at 4.845% and a full $6bn buyback, with UTC times and lessons.

US5Y · DXY · US30Y

Risk Watch
27 October 2026

Sterling Through the Budget: When a Well-Priced Event Is the Main Risk

The Budget left £15bn of headroom, as priced, and gilts and sterling barely moved. Why a well-priced event creates asymmetric risk for GBPUSD.

GBP/USD · UK10Y · EUR/GBP

Market Pulse
26 October 2026

Brazil's Real After Lula's Surprise Runoff Win: Offshore Proxies Versus the Onshore Open

Lula's surprise runoff win hit the real offshore, then onshore: the dollar rose 11% to R$5.54 by 13:41 UTC. How offshore proxies compared.

USD/BRL · IBOV · USD/MXN

Macro Event
26 October 2026

Germany's Ifo Rises to 90.2: Reading Business Expectations Through a Euro Cross

Germany's Ifo index rose to 90.2 in October on stronger expectations. How to read a sentiment survey and why a euro cross isolates the story.

EUR/GBP · EUR/USD · DE2Y

Cross-Asset
26 October 2026

Treasury Yields Near One-Month Lows: Why Compressing Rate Differentials Are Softening the Dollar

US yields near one-month lows eased the dollar; a slightly soft two-year auction at 4.708% barely moved it. Why the reason yields move matters.

US10Y · DXY · US30Y · BRENT

Process Guide
26 October 2026

Implied Volatility as an Event Budget: Comparing Option Pricing with Scenarios Before Israel's Election

A five-step method to compare option-implied moves with scenario estimates, tested on the shekel's 2% fall after Israel's 27 October election.

USD/ILS · EUR/ILS

Risk Watch
26 October 2026

A Holiday Monday Before a Priced Hike That Never Came: Asymmetric Risk for the Kiwi

Swaps priced an 88% chance of an RBNZ hike; the bank held 4–3 and the kiwi fell 1.7%. Why priced decisions and holiday liquidity create asymmetric risk.

NZD/USD · AUD/NZD · NZ2Y

Market Pulse
25 October 2026

The Euro After Moody's Reprieve for France: Reading a Weekend Decision at the Monday Open

Moody's kept France at Aa3 after Friday's close. How the euro prices weekend news at the thin Sunday open and why bond spreads give the real test.

EUR/USD · EUR/JPY · FR10Y · DE10Y

Macro Event
25 October 2026

Decoding the 28 October FOMC: Vote Split, Statement Language and Warsh's Press Conference

The Fed decides at 18:00 UTC on 28 October with a hold expected. How to read the vote split, statement changes and press conference for the dollar.

DXY · US2Y · EUR/USD · USD/JPY

Cross-Asset
25 October 2026

EURJPY Between the ECB and the Bank of Japan: Equities, Hedging and the Yen

The euro hit a one-year low against the yen before the ECB and BoJ decisions. How to split a cross into its two legs and read hedging flows.

EUR/JPY · USD/JPY · NIKKEI · JP10Y

Process Guide
25 October 2026

Building a Timetable for a Five-Central-Bank Week During the Clock-Change Gap

RBNZ, BoC, Fed, ECB and BoJ decide in about 50 hours while London and New York are four hours apart. A five-step method for event-week planning.

USD/CAD · NZD/USD · AUD/USD · DXY

Risk Watch
25 October 2026

Preview: USDBRL and Brazil's Presidential Runoff: Managing an Election Result Released While Markets Are Closed

The real rallied below R$5 before Brazil's close runoff. How to plan for an election result released while markets are closed and gap risk at the open.

USD/BRL · DXY · USD/MXN

Market Pulse
23 October 2026

The Yen's Strongest Week Since September: Separating Haven Flows, Options and Inflation in USDJPY

The yen hit a one-month high as stocks fell, US yields dropped and options expired. How to separate fading flows from lasting repricing.

USD/JPY · US10Y · JP10Y · NIKKEI

Macro Event
23 October 2026

US Flash PMIs and Michigan Expectations: Firmer Prices After a Treasury Rally

US flash composite PMI eased to 57.6 but selling prices rose at the fastest pace since 2022, and Michigan held inflation expectations at 4.7%.

US2Y · DXY · EUR/USD · FEDFUNDS

Cross-Asset
23 October 2026

French Bond Stress and the Franc: Why EURCHF Has Become the Outlet for Euro-Area Risk

French 10-year yields passed 5% and the franc reached a 3.5-month high against the euro. Why EURCHF, not EURUSD, carries the stress.

EUR/CHF · FR10Y · DE10Y · USD/CHF

Process Guide
23 October 2026

When the Clocks Change: A Method for Re-Mapping the FX Day Across Two Transition Weeks

Europe changes clocks on 25 October and the US on 1 November. A four-step method to re-map releases, fixes and sessions in UTC.

GBP/JPY · GBP/USD · EUR/USD · USD/JPY

Risk Watch
23 October 2026

An Outsized Rate Hike That Did Not Stop the Slide: Policy Limits for the Philippine Peso

The BSP raised rates to 5.50%, yet the peso closed at a record 63.52 per dollar. Why oil-driven pressure can outweigh a rate hike.

USD/PHP · BRENT · USD/IDR · USD/THB

Market Pulse
22 October 2026

The Kiwi Shrugs Off a Softer CPI: Reading AUDNZD When Two Central Banks Lean Hawkish

NZ inflation slowed to 3.7%, yet RBNZ hike odds stayed near 98%. How to read a cross when both central banks lean towards tightening.

AUD/NZD · NZD/USD · AUD/USD

Macro Event
22 October 2026

The Bank of Korea's Unanimous Hold at 3%: Decoding a Hawkish Pause for the Won

The BOK held at 3.00% unanimously but kept 'further increases' in its guidance. Three questions for reading any central-bank pause.

USD/KRW · KOSPI · DXY

Cross-Asset
22 October 2026

Gold Near a One-Week Low as Oil Climbs: Why Rate Pricing Can Beat the Haven Bid

Gold slipped as oil lifted inflation fears and Fed hike odds held near 88%. How yields, the dollar and oil decide when gold acts as a haven.

XAU/USD · US10Y · DXY · BRENT

Process Guide
22 October 2026

Reading a Central Bank's Summary of Deliberations: What the SNB's September Summary Showed for the Franc

The SNB's summary of its September assessment said intervention readiness was eased as the franc weakened. A six-step method for reading minutes.

USD/CHF · EUR/CHF

Risk Watch
22 October 2026

Turkey Cuts Rates to 36%: Event Risk for a Managed, High-Carry Lira

The CBRT cut its policy rate by 100bp to 36% at 11:00 UTC, as expected. Why framework risk matters more than the day's move for a high-carry lira.

USD/TRY · EUR/TRY

Market Pulse
21 October 2026

The Australian Dollar After Hauser's Warning: Reading a Speech-Driven Asia Session

The Aussie neared a three-week high as RBA hike odds rose to about 40%. Three checks for reading a session move driven by a central-bank speech.

AUD/USD · NZD/USD · DXY

Macro Event
21 October 2026

UK September CPI at 06:00 UTC: Base Effects, Services and the Sterling Reaction

UK CPI rose to 3.5% in September (ONS) against 3.4% expected, with services at 3.7%. How base effects and services shape the sterling reaction.

GBP/USD · EUR/GBP · UK2Y

Cross-Asset
21 October 2026

The Dollar and Oil in an Energy Shock: Why the Usual Correlation Has Flipped

The dollar index fell to a three-week low as oil and long-end yields slipped. How energy independence and yields changed the oil-dollar link.

DXY · US10Y · EUR/USD

Process Guide
21 October 2026

How to Read a Government Bond Auction for FX: Bid-to-Cover, Tail and Context

A record JGB 20-year auction and a firm US 20-year sale at 5.469%. A five-step method for judging auction demand and its effect on currencies.

US20Y · USD/JPY · JGB20Y

Risk Watch
21 October 2026

South Africa's Double Event Day: Inflation and the Medium-Term Budget for the Rand

SA CPI rose to 4.5% (Stats SA) against 4.7% expected, and the MTBPS trimmed the deficit path. A risk protocol for a day when two events pull apart.

USDZAR · SAGB2035 · DXY

Market Pulse
20 October 2026

The New Zealand Dollar in a Quiet Asia Session: Reading a Drift Without a Catalyst

The kiwi rose to $0.5668 as the dollar drifted to Asia lows without news. A three-question session map for reading Asia moves before London.

NZD/USD · AUD/USD · DXY

Macro Event
20 October 2026

UK Labour Data at 06:00 UTC: Why Pay and Payrolls Outrank the Headline

UK jobs data (ONS, 06:00 UTC): unemployment 4.7%, regular pay 3.7%, payrolls down on the year. How to read pay, payrolls and the LFS in order.

UK2Y · GBP/USD · EUR/GBP

Cross-Asset
20 October 2026

Brent Above $100 and the Rupee: How an Oil Dollar Window Changes the Correlation

Brent near $109 and the rupee flat near 95: how the RBI's oil dollar window moves the oil shock from the exchange rate to reserves.

USD/INR · BRENT · WTI

Process Guide
20 October 2026

Reading Market-Implied Rate Probabilities: A Repeatable Method Before Central-Bank Decisions

Fed hike odds near 17% mean about 4 bp priced. A six-step method to read implied probabilities before Fed, RBNZ, BoJ and BoE decisions.

FEDFUNDS · DXY · NZD/USD · USD/JPY

Risk Watch
20 October 2026

Bank Indonesia Holds at 5.75%, Raises Deposit Facility: Decision for a Rupiah Defended Through Forwards

BI held the BI-Rate at 5.75% and the lending facility at 6.50% on 21 October, raised the deposit facility to 5.00% and expanded DNDF incentives.

USD/IDR · USD/INR · DXY

Market Pulse
19 October 2026

Sterling at a 17-Month High Against the Euro: Reading a Session Driven by French Unrest

Sterling hit 83.95 pence per euro as French unrest widened the OAT-Bund spread to 144 bp. How to tell which leg of a cross is driving the move.

EUR/GBP · EUR/USD · GBP/USD

Macro Event
19 October 2026

China's Third-Quarter GDP Beat and the Yuan: Reading Growth Data Alongside the Daily Fix

China grew 4.5% in Q3 and the yuan hit a four-year high. Why the PBoC midpoint matters as much as the data for reading a managed currency.

USD/CNH · USD/CNY · AUD/USD

Cross-Asset
19 October 2026

Canadian Inflation, Oil and the Loonie: Separating Gasoline from Underlying Price Pressure

Canada CPI rose to 3.1% on gasoline while ex-gasoline slowed to 2.2%. How to separate energy effects from the pressure the Bank of Canada responds to.

USD/CAD · BRENT · CAD/JPY

Process Guide
19 October 2026

Decoding a Governor in Parliament: What Ueda's Remarks Mean for the Yen

Ueda said underlying inflation is quite close to 2%, yet the yen weakened. A four-step method for decoding central-bank testimony and its FX impact.

USD/JPY · JP10Y · EUR/JPY

Risk Watch
19 October 2026

Builder Confidence at a 14-Year Low: Reading Secondary US Data During a Fed Blackout

US builder confidence fell to 29, the lowest since 2012. How to weigh secondary data during a Fed blackout when policy pricing is unsettled.

US10Y · DXY · USD/CHF

Market Pulse
18 October 2026

Dollar Index Records First Weekly Fall in a Month as Technology Stress Undercuts the Haven Bid

Why the dollar fell in a risk-off week, how AI equity stress and fading Fed hike odds interact, and what to watch before the 28 October Fed decision.

DXY · USD/CHF · GBP/USD · EUR/USD · USD/JPY

Macro Event
18 October 2026

UK Labour Data and September CPI: How Back-to-Back Releases Transmit into Sterling

UK labour data on 20 October and September CPI on 21 October at 06:00 UTC: how wages and inflation transmit into sterling through rate expectations.

GBP/USD · EUR/GBP · UK2Y

Cross-Asset
18 October 2026

Australian Dollar and China's Third-Quarter Data: Reading a Proxy Correlation Before the Release

China's Q3 GDP is due at 02:00 UTC on 19 October. How the Australian dollar acts as a China proxy, and when that correlation breaks.

AUD/USD · USD/CNH · AUD/JPY

Process Guide
18 October 2026

Calendar Craft for a Run-Up Week: Preparing EURUSD Before Fed, ECB and BoJ Decisions

A five-step routine for EURUSD in the week before Fed, ECB and BoJ decisions: build a UTC event grid, rank releases and set exposure in advance.

EUR/USD · DXY · EUR/GBP

Risk Watch
18 October 2026

Indonesia's MSCI Exclusion Threat and the Rupiah: When Index Decisions Become Currency Risk

How MSCI's proposal to reclassify Indonesia turns into currency risk for the rupiah through passive flows, bond outflows and the oil import bill.

USD/IDR · DXY · BRENT

Market Pulse
16 October 2026

EURJPY and the Fading Safe Haven: Reading a Risk-Off Session When the Yen Lags

The Nikkei fell 4.9% yet the yen lagged the euro and sterling. How to read a risk-off session when the haven currency does not rally.

EUR/JPY · USD/JPY · GBP/JPY · US10Y

Macro Event
16 October 2026

Reading a Divided Fed Before the Blackout: Hike Risk, Patience and the Two-Year Yield

Fed officials split on another hike after hot CPI and PPI. How to decode a divided committee through the two-year yield before the blackout.

US2Y · DXY · EUR/USD · USD/JPY

Cross-Asset
16 October 2026

The Krone Between Oil and Equities: Reading EURNOK When Correlations Pull Apart

The krone gained about 2.5% against the euro in October, then wobbled in the tech sell-off. How to separate oil, rates and risk in EURNOK.

EUR/NOK · USD/NOK · BRENT · EUR/USD

Process Guide
16 October 2026

Flash Versus Final Inflation: A Method for Reading Confirmation Releases Such as Eurozone HICP

Final euro area HICP confirmed the 3.8% flash and 2.5% core. A five-step method for reading confirmation releases and the EURCHF reaction.

EUR/CHF · EUR/USD · EUR/GBP

Risk Watch
16 October 2026

Record Outflows and Intervention: Risk Lessons From the Taiwan Dollar's Slide

Record foreign selling pushed the Taiwan dollar to 32.265 amid reported intervention. What equity outflows mean for spreads, gaps and risk.

USD/TWD · USD/KRW · DXY

Market Pulse
15 October 2026

USDCAD Retreats From an 18-Month High: When Rate Gaps Outweigh Oil

USDCAD hit 1.4299 after hot US CPI despite Brent above $104. How to tell whether the rate gap or oil is driving the Canadian dollar.

USD/CAD · DXY · US10Y

Macro Event
15 October 2026

Australia's September Jobs Slide: How a Labour Print Reprices the RBA and AUD

Australian employment fell 39,300 and unemployment held at 4.7%. How a labour print moves RBA odds, bond futures and AUD crosses.

AUD/JPY · AUD/USD · EUR/AUD

Cross-Asset
15 October 2026

Gold Whipsaws After Hot US CPI: Reading Bullion Through Real Yields and the Dollar

Gold fell 2.1% on hot US CPI, then rebounded to $4,158.63 as yields eased. How real yields and the dollar explain bullion moves.

XAU/USD · US10Y · DXY

Process Guide
15 October 2026

Calendar Craft for a Stacked US Release: PPI, Retail Sales, Claims and Philly Fed

US PPI jumped 1.3% and retail sales rose 0.8% at 12:30 UTC, yet yields fell. A five-step method for ranking stacked releases and reading the reaction.

USD/CHF · US2Y · DXY

Risk Watch
15 October 2026

KOSPI Rout and the Won: How Equity Outflows Become Asian FX Event Risk

KOSPI fell over 7% as foreigners sold and the won weakened toward 1,347.60. How equity outflows become Asian FX liquidity and event risk.

USD/KRW · USD/TWD · US10Y

Market Pulse
14 October 2026

Yen Softens on Fading BoJ Hike Odds as Hot US CPI Bids the Dollar

How fading October BoJ hike odds met a hot US September CPI (3.7% y/y, core 2.6%) — reading the USDJPY range after the dollar bid.

USD/JPY · DXY · US10Y

Macro Event
14 October 2026

China September CPI Soft, PPI Hot: Reading Factory-Gate Versus Consumer Prices

NBS September CPI 0.9% vs PPI 5.0%: how to separate consumer and factory-gate channels for USDCNH and AUD after the Asia release.

USD/CNH · AUD/USD · USD/CNY

Cross-Asset
14 October 2026

Dollar Reclaims an 18-Month High After Hot US CPI Led by Energy

BLS September CPI: headline 0.6%/3.7%, core 0.3%/2.6%. How energy drove the monthly rise while hotter core re-bid the dollar index.

DXY · XAU/USD · USD/CAD

Process Guide
14 October 2026

Five Checks for Reading a US CPI Release on the Day

Five CPI-day checks applied to BLS Sept print (0.6%/3.7% headline; 0.3%/2.6% core): timing, consensus, split, reaction, next print.

EUR/USD · DXY · USD/JPY

Risk Watch
14 October 2026

Australian Jobs After China Prices: Asia Stack Risk Into London

How MAS, China CPI/PPI and Australia's September jobs miss (-39,300; 4.7%) created stack risk for AUDUSD into the London open.

AUD/USD · USD/CNH · NZD/USD

Market Pulse
13 October 2026

Australian Dollar Versus Kiwi After the RBA Minutes: Reading a Policy-Divergence Cross

RBA minutes kept the door open to more hikes while the RBNZ signals a pause. How to read AUDNZD to isolate a relative policy story.

AUDNZD · AUD/USD · NZD/USD · DXY

Macro Event
13 October 2026

Bank of England's Greene in Bangkok: Reading a Dissenter's Speech Against a 6–3 Majority

Greene warned waiting for second-round effects would be too late. Why sterling barely moved, and how to read swing voters on a split MPC.

GBP/USD · EUR/GBP · DXY

Cross-Asset
13 October 2026

Treasuries Reopen After Columbus Day: Two-Year Yields, Fed Pricing and an 18-Month Dollar High

The two-year yield is 41bp higher since September and DXY hit an 18-month high. How to tell policy-driven yields from term-premium moves.

US2Y · DXY · US10Y · USD/JPY

Process Guide
13 October 2026

Reading the IMF World Economic Outlook for FX: Five Checks Applied to EURGBP

A five-step method for reading IMF forecasts for currencies, applied to EURGBP: revisions, relative gaps, assumptions, policy language and dates.

EUR/GBP · EUR/USD · GBP/USD · Brent

Risk Watch
13 October 2026

MAS Holds the S$NEER Band as Singapore Q3 GDP Grows 5.4%: Event Risk in a Managed Singapore Dollar

MAS kept the S$NEER policy band unchanged on 14 October after two tightenings, as Singapore's advance Q3 GDP rose 5.4% y/y. How the band works and what to watch for USDSGD.

USDSGD · USD/CNH · DXY

Market Pulse
12 October 2026

Korean Won at a Two-Year High as Foreigners Sell Seoul Stocks: Reading Competing Flows

Why the won hit a two-year high as foreigners sold Seoul stocks: record exports, chip flows and how to weigh trade against portfolio flows.

USD/KRW · DXY · USD/JPY · USD/CNH

Macro Event
12 October 2026

RBI's Rupee Defence Meets a 5.54% September CPI: Decoding Administrative Measures Versus Rate Policy

India's September CPI rose to 5.54% vs a 5.40% poll. How the RBI's dollar window and 20% hedge reserve work and what it means for the rupee.

USD/INR · DXY · IN10Y

Cross-Asset
12 October 2026

Gold Near $4,200 in a War Economy: Why Rate Expectations Outweigh Safe-Haven Demand

Why gold has fallen while oil rose during the Iran war, how the two-year yield links them, and how to test a safe-haven label.

XAU/USD · DXY · US2Y · US10Y

Process Guide
12 October 2026

Reading a National Budget for FX: Five Checks Using Malaysia's 2027 Fiscal Plan

A five-step checklist for judging a budget's currency impact, using Malaysia's 2027 plan: surprise, assumptions, quality, financing, backdrop.

USD/MYR · DXY · EUR/USD

Risk Watch
12 October 2026

An Unconfirmed Energy Ceasefire on Canadian Thanksgiving: Oil Headline Risk for USDCAD

How an unconfirmed Russia-Ukraine energy ceasefire and Gulf attacks create two-way oil risk for USDCAD while Canada and US bonds are closed.

USD/CAD · WTI · Brent · DXY

Market Pulse
11 October 2026

Euro After Five Weekly Falls: Reading a Stretched Trend Into a Data-Heavy Week

Why the euro's five-week slide now rests on positioning, and the UTC checkpoints for EURUSD in the week of 12 October 2026.

EUR/USD · DXY · EUR/GBP · Brent

Macro Event
11 October 2026

US September CPI: Separating an Energy-Driven Headline From the Core Signal for the Dollar

How to read an energy-driven US CPI headline against core inflation, and why the dollar may follow the core signal on 14 October.

DXY · US2Y · US10Y · EUR/USD · USD/JPY

Cross-Asset
11 October 2026

China's September Price and Trade Data: Reading Factory-Gate Inflation Through the Yuan and AUD

Why energy-driven Chinese factory-gate inflation can break the usual China-to-AUD link, and what to watch on 14 October 2026.

USD/CNH · AUD/USD · NZD/USD · Brent

Process Guide
11 October 2026

Mapping an Asia-Hours Event Week: RBA Minutes, Australian Jobs and Bangkok Central-Bank Speakers

A six-step method for mapping central-bank remarks and data released in Asia hours, applied to AUDUSD in the week of 12 October 2026.

AUD/USD · AUD/JPY · EUR/USD · GBP/USD

Risk Watch
11 October 2026

Monday's Triple Holiday: Thin Liquidity, Yen Intervention Risk and Spread Discipline in USDJPY

Why Japan, US and Canada holidays thin FX liquidity on 12 October, and a holiday checklist for USDJPY near official watch levels.

USD/JPY · USD/CAD · DXY · US10Y

Market Pulse
9 October 2026

New Zealand Dollar on Pace for Longest Losing Streak in Four Years

How to read NZD/USD's multi-week decline through the RBNZ OCR versus Fed funds differential, without trade signals.

NZD/USD · AUD/USD · DXY · US10Y

Macro Event
9 October 2026

Canada Sheds 68,000 Jobs in September: Last Labour Check Before the BoC

Canada lost 68,000 jobs in September vs a +7,000 consensus; unemployment rose to 6.5%. How to read USDCAD, wages and oil before the BoC. Education only.

USD/CAD · WTI · US10Y · DXY

Cross-Asset
9 October 2026

Thirty-Year Auction at 5.618% and the Weekly Yield Drop for FX

How to read the Oct 8 30-year Treasury auction and the weekly yield drop for dollar and AUDUSD context.

US10Y · AUD/USD · DXY · WTI

Process Guide
9 October 2026

Five Steps to Read Michigan Sentiment and Inflation Expectations

Michigan sentiment fell to 46.3 vs 47.6 expected as inflation expectations rose to 4.7% and 3.5%. A five-step FX reading method. Education only.

USD/CHF · GBP/USD · EUR/USD · US10Y

Risk Watch
9 October 2026

Sterling Fiscal Credibility Risk into a Thin Friday–Weekend Tape

Educational risk watch on sterling after Bailey and Greene remarks, UK Budget timing, and Friday–weekend liquidity.

GBP/USD · DXY · EUR/GBP · US10Y

Market Pulse
8 October 2026

Sterling at a 16-Month High Against the Euro: Reading a Cross When Both Legs Fall

The euro fell to 84.49 pence as French yields jumped, yet sterling also fell against the dollar. How to read a cross by splitting it into two dollar legs.

EUR/GBP · EUR/USD · GBP/USD · DXY

Macro Event
8 October 2026

ECB Accounts of the September Hike: Reading a Month-Old Record Against French Spread Stress

The ECB account showed unanimous support for the hike, no guidance on more and no TPI mention, as French yields climb. What it means. Education only.

EUR/USD · EUR/GBP · DXY

Cross-Asset
8 October 2026

Japan's Record Income Surplus, Costlier Oil and the Yen: Why the Current Account Misleads

Japan's JPY4.06trn surplus beat forecasts on record income, yet oil imports drove a goods deficit. Why the headline overstates yen demand. Education only.

USD/JPY · US10Y · DXY

Process Guide
8 October 2026

Reading US Weekly Jobless Claims: A Five-Step Method for a Low-Hire, Low-Fire Market

Claims fell to 197,000 vs 200,000 expected while continuing claims rose to 1.716m. A five-step method for reading the weekly US release. Education only.

DXY · EUR/USD · USD/JPY

Risk Watch
8 October 2026

China Reopens After Golden Week: Reading a Weaker-Than-Expected Yuan Fixing and Its Signal

The PBOC set the yuan midpoint 113 pips weaker than estimates as China reopened. How to read a fixing gap and manage managed-currency risk. Education only.

USD/CNY · USD/CNH · AUD/USD · DXY

Market Pulse
7 October 2026

Euro's Biggest Gain in Seven Weeks: Reading a Relief Rally After a Bond-Market Scare

EURUSD bounced to $1.126 as French yields fell 11.4bp, then gave it back a day later. How to tell a relief rally from a trend change. Education only.

EUR/USD · EUR/GBP · DXY

Macro Event
7 October 2026

FOMC Minutes After a Data Reversal: Decoding a Three-Week-Old Record for the Dollar

FOMC minutes said most officials saw another hike by year end but named no meeting. How to read the record against market pricing. Education only.

DXY · US10Y · EUR/USD · USD/JPY

Cross-Asset
7 October 2026

Hawkish Signals, Weaker Yen: Why the US-Japan Yield Gap Still Steers USDJPY

USDJPY rose to 158.43 despite firm wages and a hawkish BoJ dissenter. Why the US-Japan yield gap still dominates the yen. Education only.

USD/JPY · US10Y · DXY · EUR/JPY

Process Guide
7 October 2026

Weighing Central-Bank Speakers: A Repeatable Method for a Week Crowded With Remarks

Mann lifted sterling, Sato backed hikes and Fed calendars conflict. A four-factor method to weigh speakers by vote, record, novelty and format.

GBP/USD · EUR/GBP · DXY · USD/JPY

Risk Watch
7 October 2026

Reserve Bank of India Decision Day: Event Risk, Split Forecasts and the Rupee

The RBI hiked 25bp to 5.50% and turned to calibrated tightening, yet the rupee fell to 96.78. Why expected decisions still carry risk. Education only.

USD/INR · DXY · US10Y

Market Pulse
6 October 2026

Euro at a 17-Month Low: Reading a Sovereign-Spread Sell-Off Through EURUSD

EURUSD touched $1.116 as French spreads hit 2011 highs. How to read a risk-premium sell-off through spreads, crosses and sessions. Education only.

EUR/USD · EUR/GBP · EUR/JPY · DXY

Macro Event
6 October 2026

Bank of Japan's Ueda After the 1.25% Hike: Decoding a Governor's Speech for the Yen

Ueda spoke after the BoJ's 7-2 hike to 1.25% and kept further hikes in view. A phrase-by-phrase method for reading a governor's speech. Education only.

USD/JPY · EUR/JPY · DXY

Cross-Asset
6 October 2026

Not All Higher Yields Help a Currency: US, French and Japanese Bonds Compared

US yields hit 24-year highs and the dollar held; French and Japanese yields rose and their currencies fell. How to tell the difference. Education only.

US10Y · DXY · EUR/USD · USD/JPY · XAU/USD

Process Guide
6 October 2026

When Calendar Forecasts Disagree: A Method for Handling Conflicting Consensus Figures

The US August trade deficit hit $105.6bn, outside a $89.8bn-$102bn consensus range. A five-step method for using consensus ranges. Education only.

DXY · EUR/USD · USD/CAD · USD/CHF

Risk Watch
6 October 2026

Canadian Dollar at an 18-Month Low as Oil Falls: When the Commodity Link Fails

USDCAD hit 1.4293 as oil fell on a G7 reserve release, but Europe drove the move. Why commodity-currency links break and how size changes. Education only.

USD/CAD · DXY · EUR/USD

Market Pulse
4 October 2026

ISM Services at 54.9: Reading a Mixed Print into a Soft-Jobs Dollar

September ISM Services printed 54.9, just below a 55.0–55.7 consensus band, with prices paid at 74.0 — how to read it into DXY and EURUSD. Education only.

DXY · EUR/USD · USD

Macro Event
4 October 2026

FOMC Minutes Wednesday: Separating the Record from the Next Vote

Educational policy decoder for 7 Oct 2026 FOMC Minutes of the Sep meeting — 3.75%–4.00% hike context, not a new decision. Not investment advice.

USD · US10Y · EUR/USD

Cross-Asset
4 October 2026

Long-End Yields and the Dollar: Why Cooler Hike Odds Need Not Soften USD

Why elevated US long-end yields can support USD and pressure gold even when near-term Fed hike odds cool after soft jobs. Educational only.

US10Y · XAU/USD · DXY · USD/JPY

Process Guide
4 October 2026

Calendar Craft for a Mid-Month Week Before a Back-Loaded October

Process guide for 5–9 Oct 2026 — ISM Services, FOMC Minutes, China reopen, CAD jobs — versus CPI 14 Oct and FOMC 27–28 Oct. Education only.

USD · EUR/USD · USD/CAD

Risk Watch
4 October 2026

China Golden Week Reopen Thursday: CNH Liquidity and False-Break Risk

Risk protocol for Thursday 8 Oct 2026 mainland reopen — USDCNH spreads, catch-up flows, and false breaks after Golden Week. Education only.

USD/CNH · CNH · CNY

Market Pulse
2 October 2026

Dollar Index Tests One-Hundred-Two as Markets Price NFP Risk

Educational Market Pulse on DXY near 102 into the September 2026 Employment Situation — basket confirmation, yields, and event premium. Not trade signals.

DXY · EUR/USD · USD/JPY · GBP/USD

Macro Event
2 October 2026

Employment Situation Anatomy: How Payrolls Transmit Into FX

September 2026 BLS jobs report: payrolls +29k vs an +84k–98k consensus range, 4.2% unemployment, soft wages, revisions and FX. Education only.

USD · DXY · US10Y

Cross-Asset
2 October 2026

Gold Holds Near Four Thousand as Yields Retreat From Multi-Decade Spike

Cross-asset note on gold near $4,180, US 10-year retreat from ~5.34%, and dollar channels into Friday NFP. Educational, not investment advice.

XAU/USD · US10Y · DXY

Process Guide
2 October 2026

NFP Day Protocol: Ordered Reading of the Employment Situation

Step-by-step educational checklist for Employment Situation Fridays — tables, revisions, spreads, and confirmation. Not a trading signal service.

USD · DXY · EUR/USD · GBP/USD

Risk Watch
2 October 2026

Friday NFP Microstructure: Spreads, Gaps, and Afternoon Thin Books

Risk Watch on Employment Situation microstructure — spreads, gaps, Asia FX into USD events, and Friday afternoon thinness. Education only.

USD · DXY · USD/CNH · EUR/USD

Market Pulse
1 October 2026

Cable Pulls Back From One-Week High as Dollar Bid Caps Rebound

Educational guide to reading GBP/USD's pullback from a one-week high as dollar bid and mixed BoE–Fed rate paths shape Cable into London.

GBP/USD · DXY · GBP

Macro Event
1 October 2026

BoJ Tankan Mixed at Plus 24: How Corporate Sentiment Feeds the Yen

How the September 2026 BoJ Tankan (+24 manufacturers, +35 non-manufacturers) feeds BoJ hike odds and USD/JPY pricing — educational only.

USD/JPY · JPY · USD

Cross-Asset
1 October 2026

Brent Near Ninety-Eight After September Surge: Oil's FX Transmission Channels

Educational cross-asset note on Brent's post-September surge and the three FX channels — terms of trade, US inflation, and geopolitics.

USD/CAD · Brent · DXY · WTI

Process Guide
1 October 2026

How to Read ISM Manufacturing PMI the Day Before Nonfarm Payrolls

A durable process guide to ISM's headline, New Orders, Employment and Prices Paid — built for the Thursday before Nonfarm Payrolls.

USD · DXY · US yields

Risk Watch
1 October 2026

China Golden Week Liquidity Protocol: CNH Open While Onshore CNY Sleeps

Educational risk note on Golden Week 1–7 Oct 2026: onshore CNY closed, CNH open, and how Friday NFP transmits through thin Asia liquidity.

USD/CNH · AUD/USD · CNH · CNY

Market Pulse
30 September 2026

EUR/USD Near Sixteen-Month Low as Dollar Posts September Surge

Educational Market Pulse on EUR/USD near May 2025 lows after a strong dollar September, teaching rate differentials versus regional risk premia.

EUR/USD · DXY · USD/CHF

Macro Event
30 September 2026

US Core PCE Day: Reading the Fed Preferred Inflation Gauge

Educational Macro Event note on Core PCE, ADP, and final GDP — PCE versus CPI, Fed-path transmission, and a reusable hotter/cooler scorecard.

USD · DXY · EUR/USD

Cross-Asset
30 September 2026

US Ten-Year Above Five Percent and the Dollar Opportunity Cost

Educational Cross-Asset note on US yields above 5%, DXY near late-July highs, and why FX and gold move with opportunity cost — not in isolation.

US10Y · DXY · XAU/USD

Process Guide
30 September 2026

Stacked Release Week: National CPI Flashes Through Payrolls Checklist

Process Guide for preparing European CPI flashes, US Core PCE, ISM, and NFP — a durable five-step calendar-craft stack sheet for FX desks.

EUR/USD · USD · DXY

Risk Watch
30 September 2026

USD/JPY Intervention Vigilance Into Core PCE and Payrolls Week

Educational Risk Watch on USD/JPY after Katayama–Bessent cooperation language — regime volatility into Core PCE and payrolls, not a trade call.

USD/JPY · DXY · US10Y

Market Pulse
29 September 2026

EUR/USD Near Three-Month Lows as Dollar Holds Peak

Educational guide to reading EUR/USD near three-month lows as DXY holds a two-month peak into London, with ECB context and a reusable session checklist.

EUR/USD · DXY

Macro Event
29 September 2026

RBA Decision Day: Board Lifts Cash Rate to 4.60% — How the Guidance Moves AUD

The RBA Monetary Policy Board raised the cash rate target by 25 basis points to 4.60% on 29 September 2026, in a unanimous decision, and said it will increase the cash rate further if needed. An educational read of how the rate level, statement language and press conference transmit into AUD/USD — and a reusable G10 meeting scorecard.

AUD/USD · AUD

Cross-Asset
29 September 2026

Yields and Oil Lift the Dollar: Cross-Asset FX Transmission

How US Treasury yields and oil feed dollar strength and G10 FX — an educational cross-asset transmission map for Pre-London readers.

DXY · US10Y · Brent

Process Guide
29 September 2026

Calendar Craft for a PCE and Payrolls Data Week

A durable Pre-London process guide for ranking US data, converting times to EAT/UTC, and observing FX transmission through PCE and payrolls week.

USD · US calendar

Risk Watch
29 September 2026

USD/JPY Intervention Watch After Mimura’s Clear Warning

Educational risk note on USD/JPY after Mimura’s Reuters warning — how jawboning and coordinated-intervention history change volatility regimes.

USD/JPY · JPY

Market Pulse
28 September 2026

Dollar Pauses After Yield Rally as Euro Completes Soft Week

Educational pre-London brief on the dollar late-week pause, EUR/USD weekly softness, and yield-driven transmission after the September Fed hike.

EUR/USD · DXY · USD index

Macro Event
28 September 2026

RBA Decision Day Approaches with Markets Pricing Another Cash-Rate Rise

Educational preview of Tuesday RBA decision window, consensus framing, and how AUD typically transmits policy surprises.

AUD/USD · AUD crosses · RBA cash rate

Cross-Asset
28 September 2026

Treasury Yields and Oil Above One Hundred Dollars Still Shape the Dollar

How US Treasury yields and oil above one hundred dollars transmit into dollar strength, with an educational dashboard approach.

DXY · US Treasuries · Brent crude · XAU/USD

Process Guide
28 September 2026

How to Read Central-Bank Minutes When BoJ Minutes Hit the Wire

A structured educational checklist for interpreting BoJ and other central-bank minutes when they hit the FX wire.

BoJ minutes process · JPY complex

Risk Watch
28 September 2026

Yen Intervention Rhetoric and Quarter-End Flows Raise USD/JPY Event Risk

Educational risk watch on yen official communication, USD/JPY volatility, and month-end rebalancing into the London week.

USD/JPY · EUR/JPY · JPY crosses

Dollar
28 September 2026

DXY holds 101 as the 10-year tags 5.23% into PCE and NFP week

From Friday 25 September the dollar index faded a few handles then reclaimed 101. The 10-year printed as high as 5.23% — the firmest since 2007 — before easing. October hike odds sit near 70%. This week’s PCE, JOLTS, ADP and NFP will decide whether 101 is a base or a fade.

DXY · EUR/USD · GBP/USD

Metals
28 September 2026

Gold slumps through 4,242 toward 4,150 as real yields take the tape

Friday gold still closed near 4,285 after defending the 0.618 at 4,242. Monday 28 September the metal broke that cluster, traded through 4,200, and printed as low as the mid-4,150s — a fresh low since early August. Yields and the dollar did the work. Geopolitics did not save the bid.

XAU/USD · XAG/USD · DXY

Energy
28 September 2026

Oil rebounds after Trump rejects Hormuz terms; US–China truce only buys two months

Friday crude sold about 3% on a hoped-for US–Iran opening of Hormuz. Over the weekend President Trump rejected Iran’s seven-day terms. Brent pushed back through $107 and WTI toward $94. The Trump–Xi summit only extended the Busan trade truce two months, to 10 January 2027. Energy still sets the FX rates tape.

USD/CAD · AUD/USD · USD/CNH

Market Pulse
27 September 2026

Dollar Index Near Two-Month Highs: Reading the Pre-Data Tape

How the dollar’s late-September rise to multi-week highs maps to Fed hike odds, yields, and EURUSD ahead of PCE and NFP.

DXY · EUR/USD · USD

Macro Event
27 September 2026

August PCE on Wednesday: Anatomy of the Fed’s Preferred Gauge

How to read BEA’s August PCE release into dollar and yield pricing ahead of the October FOMC meeting.

USD · US10Y · EUR/USD

Cross-Asset
27 September 2026

Yields, Oil, and the Dollar: Three Channels That Move FX Together

Why Treasury yields, oil shocks, and risk sentiment jointly drive the dollar—and how to keep the channels straight.

US10Y · DXY · XAU/USD · USD/JPY

Process Guide
27 September 2026

Calendar Craft for a Stacked PCE, ISM, and Payrolls Week

A repeatable process for sizing and sequencing risk through a week of PCE, ISM, RBA, and Nonfarm Payrolls.

USD · EUR/USD · GBP/USD · USD/JPY

Risk Watch
27 September 2026

RBA Decision Tuesday: Statement Risk When the Cash Rate Is Watched Closely

How to handle RBA announcement risk when the cash rate is closely watched: statement, press conference, and liquidity.

AUD/USD · AUD · USD

Intervention
25 September 2026

Yen snaps a five-day slide after Tokyo and Washington talk 160

USD/JPY poked above 159 after the BoJ hike was called too soft. On 25 September Finance Minister Katayama said Trump flagged yen weakness to PM Takaichi, then affirmed cooperation with Treasury Secretary Bessent. The yen snapped five down days. 160 is now a political level.

USD/JPY · EUR/JPY · AUD/JPY

Europe
25 September 2026

Euro heads for a third weekly loss as Schnabel leaves for the IMF

EUR/USD spent the week from 22 September giving up 1.145 toward 1.137 — a two-month low and a third straight weekly decline, the longest run since the turn of the year. Thursday’s Schnabel-to-IMF resignation is a personnel story on a rates tape.

EUR/USD · EUR/GBP · EUR/JPY

Sterling
25 September 2026

Sterling sits near a three-month low while the Fed, not Threadneedle, sets the spread

Cable spent 22–25 September sliding from the mid-1.33s toward 1.3220, a three-month trough, and was on track for its worst week in four months. The BoE is still on hold at 3.75%. The dollar is not.

GBP/USD · EUR/GBP · GBP/JPY

Metals
24 September 2026

Gold defends 4,242 while the 2-year yield leans on 5%

From 22 September gold gave back last week’s post-FOMC pop as front-end yields surged. The metal tagged about 4,303 in Asia on the 24th, slid toward 4,246 in London, and steadied near 4,272. The 0.618 at 4,242 is the level desks keep naming.

XAU/USD · DXY · USD/JPY

Dollar
23 September 2026

DXY clears 101 as flash PMI 58.4 reprices October Fed odds

From 22 September the dollar index punched through 101 — a two-month high — after S&P flash composite PMI printed 58.4, its strongest since July 2021. October hike odds jumped from the low-50s toward 70%. Desk colour, not a trade.

DXY · EUR/USD · GBP/USD

Energy
21 September 2026

Seven months of Gulf war is the inflation that G7 desks are hiking into

Fed, ECB and BoJ all tightened this month with the Middle East conflict in the statement. Oil, CAD, and gold are trading the same shock from different chairs. A rates week is still an energy week.

USD/CAD · AUD/USD · XAU/USD

Intervention
19 September 2026

Yen intervention watch after a 31-year high that still sold off

The BoJ hiked to 1.25% — the highest in 31 years — and the yen still dropped 2% on the week. A suspected rate check near 158 and a three-day Japan holiday keep intervention risk on the blotter.

USD/JPY · EUR/JPY · AUD/JPY

Policy
17 September 2026

The Fed’s first hike since 2023 reprices the dollar

A unanimous 25 bp lift to 3.75–4.00% and a hawkish dot plot sent the dollar index through 100. The curve now prices another move as soon as October. Desk colour, not a trade.

DXY · EUR/USD · USD/JPY

Sterling
17 September 2026

Bank of England holds 3.75% while energy inflation is still in the room

The MPC voted 6–3 to keep Bank Rate at 3.75% as UK CPI sits at 3.1% and energy prices remain volatile. Against a hawkish Fed, sterling had a quieter week — and a wider dollar spread.

GBP/USD · EUR/GBP · GBP/JPY

Europe
10 September 2026

ECB takes the deposit rate to 2.50% — the euro still lost the week

A fully priced 25 bp ECB hike and a “no path” press conference were not enough once the Fed went hawkish. EUR/USD closed the following week below 1.1500. German state votes added a political overlay.

EUR/USD · EUR/GBP · EUR/JPY

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