Our FX strategists focused on the U.S. Manufacturing PMI data & the BOC Monetary Policy Statement for potential high-quality setups. How did they do?

The forex spotlight was mainly on U.S. jobs-related data throughout the shortened trading week, as traders braced for the August NFP release later on. Any other catalysts that pushed major currencies around?

This week proved to be rough for risk assets as market players had to price in top tier less optimistic news & data, most notably jobs updates from the U.S.

August U.S. jobs data showed signs of cooling but remained net positive, potentially paving the way for a measured Fed rate cut in September.

A mistake many forex traders make is to forget to assess what type of market they are working with and adjust their approach accordingly.

GBP/NZD may be in for a bearish swing as is struggles to make new September highs near a key resistance zone.