US Dollar Bulls Return as Euro and Pound Shorts Build | COT Report forex.com/en-us/news-and-ana…

Australian household spending is the warm-up act for tomorrow's anticipated RBA hike. July's data hardly shows an economy on its knees, with HH spending up 7% y/y and over 1% for a third month. Internals also look solid. Another hot HH spend with rising CPI could help AUD/USD regain some ground heading into ISM, PCE inflation and NFP reports from the US.

Japan’s services inflation remains sticky, adding to the case for further BOJ hikes. SPPI accelerated to 3.7% y/y in August, while the high-labour-cost component remains elevated at 2.8%. Another sign that underlying inflation pressures are not going away quietly.

AUD/USD Holds 70c Ahead of RBA and CPI, with NFP and ISM on Tap forex.com/en-us/news-and-ana…

Insolvencies: After a long stretch of cheap money, the return to more normal interest rates is catching some businesses by surprise. 1/2

Well, look at that... the Fed's very slow, involatile and preferred inflation read is about to get watered down further according to RBC. How convenient. PCE deflator update: A retroactive revision, not a disinflationary signal - RBC Economics rbc.com/en/economics/us-anal…

Bathla collapse demonstrates the extent of systemic risk present in Aussie housing market. The company had barely any cash, $6m and $3.5b in liabilities (2025 audit), leverage ratio of nearly 600x, yet private credit still invested in their projects. Given mortgage debt is up from $800b since GFC to $2.6 trillion today, expect more collapses, far worse than Bathla The risk in the system is unprecedented, a few rate hikes and rates returning to their long term average is sufficient to cause demand to collapse; costs $1m to build an apartment/dog box in Sydney, entire thing is built on an illusion #ausbiz #Bathla

AUD/USD Q4 Outlook: RBA and Fed Hikes Set the Tone forex.com/en-au/news-and-ana…

They could have rounded unemployment up to 4.7% if they wanted.

Pullback complete? That really depends on the Middle East - but based purely on technicals, maybe a little bounce could be incoming. WTI Crude Oil Mulls Bounce from $90 forex.com/en-us/news-and-ana…

While AU unemployment rose to a 4.5yr high of 4.6% - I doubt it derail's next week's RBA hike. Bullock stated this week that EU within 4.5 - 5% could take the edge off inflationary pressures, but the rise of employment continues to outpace the rise of Unemployment overall. Though this month it was supported by part-time, not full-time. If anything, today's U/E rate could give the RBA reason to not deliver an outright hawkish hike and buy themselves more time. Especially with CPI released the following day.

AUD/USD suffered its worst daily fall in over three months as strong US data sent Treasury yields and the US dollar sharply higher. With Australian jobs data due today, the Aussie enters the release under pressure and already within striking distance of the 70c handle. AUD/USD Crushed Ahead of Jobs Report as US Dollar, Yields Surge forex.com/en-us/news-and-ana…

RBA Rate Hike Locked In as Yen Intervention Shock Lingers piped.video/watch?v=FjoT5eS_…

USD/CHF Analysis: Bullish Setup Stands Out as Dollar Strength Fades piped.video/_OQTRGHGrqY?si=i0SZ…

USD/JPY and USD/CHF retain bullish structures, but CHF/JPY resistance could expose a divergence between the two US dollar pairs. USD/JPY and USD/CHF Could Diverge as CHF/JPY Approaches Resistance forex.com/en-us/news-and-ana…

I may be biased here, coming from the UK. But I struggle to see how deeper involvement with Brussels on trade works out well for Australia... afr.com/politics/federal/alb…

Predictably hawkish comments from RBNZ mixed with an arguably oversold NZ dollar have helped it regain some ground from its lows against all FX majors. That is not to say these make compelling longs... but adds to the case that shorting NZD comes with added risk after such an extended run.

ASX 200 Rebound Stalls Despite Wall Street Surge forex.com/en-us/news-and-ana…

Gold Holds Firm Despite Stronger US Dollar and Hawkish Fed forex.com/en-us/news-and-ana…