Our member briefings: a morning read on currencies, precious metals and crypto every weekday, The Week That Was each Saturday, and The Week Ahead each Sunday. Each one sets out what moved, why it moved, and what is on the calendar next.
Morning Briefing — Tuesday, October 27, 2026
The yen was the only market to move more than twice its typical day on Monday: USD/JPY rose 0.43%, 2.5 times normal, to close at 157.49, while every other currency, metal and…
The Week Ahead — October 26–30, 2026
The Federal Reserve announces its decision on Wednesday at 18:00 UK, the centerpiece of a week in which five G10 central banks set rates within three days and the UK presents its…
The Week That Was — October 24, 2026
Gold fell 4.08% and silver 5.29% in the week to Friday, most of it on Thursday, a day when the US 10-year Treasury yield dropped 17 basis points and the textbook support…
Morning Briefing — Friday, October 23, 2026
The yen rose 0.87% against the dollar on Thursday, 5.2 times its typical day, as US Treasury yields fell 16 to 17 basis points, while silver fell 5.99% and bitcoin 4.02%.
Morning Briefing — Thursday, October 22, 2026
UK inflation rose to 3.5% in September, above the 3.4% forecast, yet sterling’s first jump faded inside ten minutes; the day’s sharpest moves came at 19:54 UK, when Gulf headlines knocked gold…
Morning Briefing — Wednesday, October 21, 2026
The pound closed Tuesday at its highest level in 22 trading days after UK unemployment fell to 4.7% against a 4.9% forecast, and this morning the Office for National Statistics put September…
Morning Briefing — Tuesday, October 20, 2026
Canada’s September inflation report drew Monday’s largest scheduled reaction: USD/CAD rose 0.17% in the ten minutes after it, 7.4 times a normal move for that minute, and most of it was still…
Morning Briefing — Monday, October 19, 2026
Brent fell 1.7% to $107.96 in Asian trade after touching $110 on Friday, and gold and silver opened the week higher as Treasury yields eased, while the pound and the yen sat…
The Week Ahead — October 19–23, 2026
The Office for National Statistics publishes UK consumer prices for September on Wednesday at 07:00 UK, with the consensus at 3.4% y/y against 3.1% in August. It is the strongest scheduled test…
The Week That Was — October 17, 2026
Silver fell 6.0% on Wednesday, the day the US Bureau of Labor Statistics reported that consumer prices rose 0.6% in September, and that one session set the shape of a week in…
Morning Briefing — Friday, October 16, 2026
The Australian dollar was the only major currency to lose ground against the US dollar on Thursday, closing at 0.6920, its lowest New York close in 67 trading days, after official data…
Morning Briefing — Thursday, October 15, 2026
September’s US inflation report came in hotter than forecast, and the reaction stuck: USD/JPY moved 11.9 times a normal ten minutes and kept 92% of it, while silver fell 6.0% to its…
Morning Briefing — Wednesday, October 14, 2026
The dollar fell against every major currency on Tuesday, led by a 0.45% gain in the New Zealand dollar, while silver dropped 1.84% to its lowest New York close in 50 trading…
Morning Briefing — Tuesday, October 13, 2026
The euro closed Monday at 1.1154 against the dollar, its weakest New York close in our records, which begin on June 11, and 3.8% below its 20-day high, on a day when…
Morning Briefing — Monday, October 12, 2026
Brent crude fell 1.72% to $102.92 a barrel in thin Asian trade after the US President announced on Sunday an immediate energy ceasefire between Russia and Ukraine that, according to media reports,…
The Week Ahead — October 12–16, 2026
US consumer prices for September arrive on Wednesday, October 14, at 13:30 UK time, the only Tier 1 release of the week and the last CPI report before the Federal Reserve meets…
The Week That Was — October 10, 2026
The US 10-year Treasury yield closed Monday at 5.31%, its highest close of the year on the Treasury’s daily curve, then gave back 7 basis points by Friday, and the two markets…
Morning Briefing — Friday, October 9, 2026
The US Treasury sold $22 billion of 30-year bonds on Thursday with primary dealers left holding less than 7% of the issue, and the 10-year yield closed 6 basis points lower at…
Americas Session — Market Briefing – October 7, 2026
Americas Session — 12:00 UTC Session Overview European trade closed with a broadly defensive tone across risk assets. Eurozone data continued to underwhelm, with PMI readings reinforcing the narrative of a stagnant…
Europe Session — Market Briefing – October 7, 2026
Europe Session — 06:00 UTC The Asian session closed with broad USD firmness carrying over from late US trade, with limited fresh catalysts out of the region itself. Japanese markets were attentive…
Asia Session — Market Briefing – October 7, 2026
Asia Session — 23:00 UTC US/Americas Session Recap The US session closed with the dollar holding near its 18-month highs after the DXY briefly tagged 102.53 before settling back into the 101.8–102.2…