James Nelligan

James Nelligan, a senior FX strategist, Anezka Christovova, an emerging-markets expert, and Patrick Locke, a macro strategist, dive into the shifting landscape of global currencies for 2026. They explore the bearish outlook on the dollar, opportunities in high-yield currencies like those in emerging markets, and the impact of commodity prices on different regions. Discussion highlights include Sweden's robust growth, Canada’s bearish outlook due to job softness, and the tactical plays for sterling and the euro in a procyclical environment.

Meera Chandan, an FX strategist specializing in European dynamics, and James Nelligan, a London-based FX strategist, dive into the intricacies of the global currency market. They explore the bullish outlook for EUR/USD driven by German fiscal changes and European growth, while also questioning if US resilience may limit its potential. They discuss the intricacies of sterling ahead of the UK budget and assess the challenges facing Scandi currencies. Additionally, they touch on the difficulties faced by Asian currencies like the yen and KRW amid current market trends.

James Nelligan, J.P. Morgan FX analyst on European and Scandi currencies, and Patrick Locke, J.P. Morgan FX analyst focused on dollar dynamics, discuss limits to dollar weakness. They cover why US equity underperformance can be dollar-negative, surprising payrolls reactions, yen moves after Japan’s vote, Scandi and sterling strength, Swiss franc flows, and signals from a firmer US Treasury FX stance.

James Nelligan, a London-based FX strategist on European currencies; Patrick Locke, a U.S.-based FX strategist covering the Americas; and Sarindam Sandhilya, an Asia-focused global FX strategist, discuss energy-driven shocks and who is most exposed. They debate a tactical dollar turnaround, central bank calendars across DM markets, and how Asia and China might weather the storm.

Octavia Popescu, Nordic/Swiss FX strategist with central-bank intervention expertise; James Nelligan, G10 FX strategist focused on BoE and ECB policy; Arindam Sandilya, EM FX strategist tracking dollar, options and oil spillovers. They discuss oil-driven shocks and recession risk. They explore how Iran tensions push dollar dynamics, option-market warnings versus muted spot moves, and policy reactions across BoE, ECB, Riksbank and SNB.