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Newest first. Session briefings cover the last 90 days; weekly reports are kept in full.
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16 Oct
Morning FX briefFri 16 Oct 2026 · published before London opens

The dollar is soft despite hot US inflation: Thursday's September producer prices ran 6.3% against 5.3% expected, yet the 10-year Treasury yield fell to 5.09%. Fed Chair Warsh gave no rate guidance overnight, with October hike odds near 27%, so further yield declines could keep pressure on the dollar against the euro and sterling. Trump said US strikes on Iran remain possible, with WTI at $97.59 Thursday. Watch eurozone final inflation at 09:00 UTC and US industrial production at 13:15 UTC.

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Guides & Explainers

Plain-English guides to the drivers, data and thinking behind The FX Desk briefings. Free to read and share.

Start here: understanding our briefings

How to read what we publish, and how to weigh the evidence inside it.

How to read an fx desk report share v3GUIDE · 6 MIN READHow to Read an FX Desk BriefingEvery FX Desk session briefing has five parts, always in the same order. This guide explains what each one means and how to read them together.Read the guide →How to read the cot report forex share v3GUIDE · 6 MIN READHow to Read the COT Report for Forex TradersA plain-English guide to the Commitments of Traders report for currency traders: which version to use, the four numbers that matter, how to spot crowded trades and what COT cannot tell you.Read the guide →Fundamentals vs price mixed fx signals share v3TRADING INSIGHT · 4 MIN READWhen Fundamentals and Price Disagree: Reading Mixed FX SignalsThe fundamental case looks clear, but price keeps moving the other way. Here is why that happens, what the disagreement tells you and three practical ways to handle it.Read the guide →

How the market works

The building blocks behind most moves: trading sessions, interest rates, economic data and central banks.

Fx trading sessions asia london new york share v3GUIDE · 6 MIN READThe Three FX Sessions: Asia, London and New YorkThe FX market never stops during the working week, but it does change character as the day moves from Asia to London to New York. A short guide to what each session is like, when trading is often busier, and how to use our three daily updates together.Read the guide →Interest rate expectations currencies share v3GUIDE · 4 MIN READHow Interest-Rate Expectations Move CurrenciesCurrencies move when the market changes its mind about where rates are heading, relative to other countries. Here is why that matters more than the rate decision itself.Read the guide →Economic data releases field guide share v3GUIDE · 9 MIN READA Field Guide to Economic Data ReleasesJobs, inflation, surveys, growth, spending and trade: a plain-English guide to the reports that can move currencies, what each one measures, and what to look at first.Read the guide →Central bank decoder share v3GUIDE · 7 MIN READThe Central Bank Decoder: What Central Banks Say and What It MeansCentral banks communicate in careful, repetitive language, and small changes in it can move currencies. A plain-English guide to decision days, common phrases and what they do and do not tell you.Read the guide →

Currency profiles

What tends to drive each major currency, in plain English.

Us dollar usd profile share v3CURRENCY GUIDE · 8 MIN READThe US Dollar (USD): A Plain-English ProfileWhy the US dollar sits at the centre of the FX market, what moves it, how the Federal Reserve works, which reports matter most, and when it tends to move. A short guide to how the dollar behaves.Read the guide →Euro eur profile share v3CURRENCY GUIDE · 9 MIN READThe Euro (EUR): A Plain-English ProfileWhat makes the euro different, what moves it, who sets its interest rates, which reports matter most, and when it tends to move. A short guide to how the euro behaves.Read the guide →British pound gbp profile share v3CURRENCY GUIDE · 9 MIN READThe British Pound (GBP): A Plain-English ProfileWhat moves the British pound, who sets UK interest rates, which reports matter most, and when sterling tends to move. A short guide to how the pound behaves.Read the guide →Japanese yen jpy profile share v3CURRENCY GUIDE · 9 MIN READThe Japanese Yen (JPY): A Plain-English ProfileWhat moves the Japanese yen, who sets Japan's interest rates, which reports matter most, and when the yen tends to move. A short guide to how the yen behaves.Read the guide →Australian dollar aud profile share v3CURRENCY GUIDE · 7 MIN READThe Australian Dollar (AUD): A Plain-English ProfileWhat moves the Australian dollar, who sets its interest rates, which reports matter most, and when it tends to move. A short guide to how the Aussie behaves.Read the guide →Canadian dollar cad profile share v3CURRENCY GUIDE · 8 MIN READThe Canadian Dollar (CAD): A Plain-English ProfileWhat moves the Canadian dollar, who sets its interest rates, which reports matter most, and when it tends to move. A short guide to how the loonie behaves.Read the guide →What moves audcad share v3CURRENCY GUIDE · 4 MIN READWhat Moves AUD/CAD? The Key Drivers ExplainedAUD/CAD pairs two commodity currencies with very different exposures. Here are the drivers that matter most, from the RBA–BoC rate gap to metals, oil, China and the US.Read the guide →
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