Research

August’s calendar made activity look quieter: total instructions fell 4.8% versus July, but rose 1.6% on a standardised week. Entry activity rose 8.1%, with FX and Gold gaining share.

Calendar-standardised entry activity rose 13.6%. FX's share increased from 20.1% to 30.0%, while overall Automation Bias finished near neutral at +1 and individual markets differed.