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January 02, 2026

Chart USD/ZAR Update: Extending April 2025 losses
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January 2, 2026 12:51 PM UTC

Consolidation has given way to anticipated losses

Chart EUR/CAD Update: Strong support at 1.6061/65
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January 2, 2026 12:14 PM UTC

Cautious trade has given way to a drift lower

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Bessant: New Fed Inflation Range and Dropping Dots?
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January 2, 2026 11:30 AM UTC

U.S. Treasury Secretary Bessant over the Christmas period suggested that the Fed should shift to targeting an inflation range and drop the quarterly dots.  What impact would this have?Such a change would give the Fed more flexibility on the margin, but not significant.  This could make communicati

Psychology for major markets Jan 2
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January 2, 2026 11:13 AM UTC

Most pairs confinded to ranges since mid-December, AUD firm

Europe Summary and Highlights 2 Jan
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January 2, 2026 11:12 AM UTC

A quiet European morning saw EUR/USD edge a little lower, dropping 20 pips to 1.1725.

Chart EUR/CHF Update: Cautious trade
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January 2, 2026 11:11 AM UTC

Little change, as prices extend cautious trade above congestion support at 0.9300

EUR, GBP flows: European manufacturing PMIs revised lower
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January 2, 2026 9:40 AM UTC

Downward revisions in manufacturing PMIs may favour GBP

Chart USD/CHF Update: Cautious trade - limited tests higher
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January 2, 2026 9:23 AM UTC

Little change, as prices extend cautious/choppy trade around 0.7930

Chart USD Index DXY Update: Cautious trade - daily studies rising
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January 2, 2026 9:17 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious 

Psychology for major markets Jan 2
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January 2, 2026 9:06 AM UTC

EUR/USD – EUR/USD remain depressed on the first trading day of 2026. Headlines are still lackluster so far.
USD/JPY – The pair is steadily higher but there hasn't been new triggers. Thus, it is likely more follow through momentum. And looking at the broader picture, USD/JPY has been in consolidat

Chart EUR/GBP Update: Consolidating - background studies under pressure
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January 2, 2026 8:51 AM UTC

The anticipated minor test higher has been pushed back from just below congestion resistance at 0.8750

Chart EUR/USD Update: Drifting lower
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January 2, 2026 8:41 AM UTC

Little change, as prices extend cautious trade beneath congestion resistance at 1.1750

Chart GBP/USD Update: Smart bounce from 1.3400, but daily studies under pressure
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January 2, 2026 8:24 AM UTC

The anticipated test of congestion support at 1.3400 has been following by a bounce

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December Outlook: Turbulent Times
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January 2, 2026 8:10 AM UTC

Our December Outlook is now published and please see all our economic and policy chapters below.  

Chart GBP/JPY Update: Room to extend gains
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January 2, 2026 8:00 AM UTC

Extending consolidation below the 211.60, December 2025 year high

EUR, USD, JPY, GBP, AUD, CAD flows: Early risk positive tone, JPY remains soft
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January 2, 2026 7:51 AM UTC

Likely to be a quiet Friday with holidays extended. Mild risk positive tone with JPY still weak

Chart AUD/JPY Update: Poised for retest of 2025 year high
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January 2, 2026 7:44 AM UTC

Consolidation at the 104.40 support see pressure returning to the upside to retest the 105.22, December 2025 year high

Chart EUR/AUD Update: Consolidating retest of 1.7480 low
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January 2, 2026 7:01 AM UTC

dged up from retest of the 1.7480 December low as prices consolidate losses from the 1.7800 swing high

Chart AUD/NZD Update: Retest 1.1635 high
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January 2, 2026 6:30 AM UTC

Break of the 1.1600 level see prices extending gains from the 1.1420/1.1400 December/November lows

Chart USD/MYR Update: Consolidating above 4.0330, 2025 year low
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January 2, 2026 5:52 AM UTC

Turned up from the 4.0330 December 2025 year low as prices consolidate sharp losses from the January high

Asia Summary and Highlights 2 Jan
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January 2, 2026 5:31 AM UTC

USD/JPY points north
TACO on Italian Pasta from Trump

Chart USD/INR Update: Corrective bounce expected to give way to selling pressure
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January 2, 2026 5:21 AM UTC

Extend bounce from the 89.2500 December low as prices retrace sharp losses from the 91.0750 record high

AUD/USD flows: Upbeat
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January 2, 2026 4:31 AM UTC

Risk sentiment upbeat

Chart USD/CNH Update: Weak start to tag 6.9710, 2024 year low
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January 2, 2026 3:02 AM UTC

Weak start to the new year as prices extend losses to tag the 6.9710, September 2024 year low

Chart USD/THB Update: Consolidating below 31.70 bounce high
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January 2, 2026 2:45 AM UTC

Settled back from 31.70 late-December high as prices consolidate sharp bounce from the 31.00, 2025 year low