FX Weekly Strategy: Asia, Jun 15-19

June 12, 2026 9:00 PM UTC

Outcome on Iran pivotal and will colour perceptions of other key events
Dollar pairs hold off break levels, regain on kneejerk if deal sealed, failure back otherwise 
Fed packs in many layers of uncertainty, scope for volatility; mkt may assume 'dots' will be conservative and Iran-contingent
BoJ walks

North American Summary and Highlights 12 June

June 12, 2026 7:55 PM UTC

Overview - FX trade was cautious with traders uncertain whether a Middle East peace deal would be reached over the weekend. 

FX Weekly Strategy: APAC, Jun 15-19

June 12, 2026 4:37 PM UTC

Outcome on Iran pivotal and will colour perceptions of other key events
Dollar pairs hold off break levels, regain on kneejerk if deal sealed, failure back otherwise 
Fed packs in many layers of uncertainty, scope for volatility; mkt may assume 'dots' will be conservative and Iran-contingent
BoJ walks

Chart USD/CAD Update: Balanced beneath fresh year high

June 12, 2026 3:52 PM UTC

The anticipated test above strong resistance within the 1.3985 - 1.4000 range has posted a fresh year high around 1.4023

Preview: Due June 15 - U.S. May Industrial Production - Improvement in trend to continue

June 12, 2026 2:58 PM UTC

We expect a 0.4% increase in April industrial production with a 0.3% increase in manufacturing, the latter seeing a fifth straight gain to confirm a positive trend. 

U.S. Preliminary June Michigan CSI - Rebounds from a very weak May final as inflation expectations correct lower

June 12, 2026 2:43 PM UTC

The preliminary June Michigan CSI at 48.9 has seen a surprising bounce from May’s final and record low of 44.8 but is not far off May’s preliminary of 48.2. Gasoline prices remain high but have slipped from May’s highs though the dip in May’s final now looks overstated.

Chart AUD/USD Update: Gains to remain limited

June 12, 2026 1:49 PM UTC

The break below 0.7000 to 0.6980 has given way to a sharp bounce to congestion resistance at 0.7050

Chart EUR/JPY Update: Choppy in range - limited tests higher

June 12, 2026 1:37 PM UTC

The anticipated break below 185.00 has bounced sharply from 184.65

Chart USD/JPY Update: Choppy beneath the 160.72 current year high

June 12, 2026 1:07 PM UTC

Cautious trade beneath strong resistance at the 160.72 current year high of 30 April has given way to a sharp USD- and JPY-driven fall

Chart USD/ZAR Update: Sharp pullback - studies under pressure

June 12, 2026 11:54 AM UTC

Anticipated losses have extended further than expected

Chart EUR/CAD Update: Higher in CAD-driven trade

June 12, 2026 11:02 AM UTC

Cautious trade has given way to a sharp push higher in CAD-driven trade

This week's five highlights

June 12, 2026 11:00 AM UTC

The Strait of Hormuz Question
ECB Insurance Hike
Bank of Canada On hold with balanced tone
UK GDP Upside Surprises Persist
U.S. May CPI Shows Surprising fall in transport services 

Europe Summary and Highlights 12 Jun

June 12, 2026 9:56 AM UTC

Oil breaks lower, getting braver on pricing in deal hopes
FX more cautious but likely to build into NY session for fresh dollar support tests, headlines allowing
NOK continues to correct in this environment, profit-taking coming through

Psychology for major markets June 12

June 12, 2026 9:33 AM UTC

Iran media says that memorandum of understanding draft still not yet finalized

FX Daily Strategy: N America, Jun 12th

June 12, 2026 9:31 AM UTC

Market dares to dream as oil breaks lower into w/e on deal hopes
FX more cautious in terms of paring back the haven support, held at pair/resistance areas

Chart USD/CHF Update: Sharp pullback

June 12, 2026 8:33 AM UTC

The break above congestion resistance at 0.8000 has been pushed back from 0.8015 in both USD- and CHF-driven trade

Chart USD Index DXY Update: Spike higher not sustained

June 12, 2026 8:21 AM UTC

Choppy trade around 100.00 has given way to a spike higher to 100.31

Chart EUR/GBP Update: Any tests higher to remain limited

June 12, 2026 7:59 AM UTC

Little change, as prices extend cautious trade above strong support at 0.8620, (GBP/EUR 1.1600)

Chart EUR/USD Update: Cautious trade

June 12, 2026 7:48 AM UTC

Cautious trade has given way to the anticipated break back above 1.1550

Chart GBP/USD Update: Choppy in range

June 12, 2026 7:31 AM UTC

The anticipated break back above congestion resistance at 1.3400 has been pushed back from 1.3430

Chart GBP/JPY Update: Within reach of 215.50 high

June 12, 2026 7:25 AM UTC

Pressure remains on the upside as prices extend bounce from the 213.00 level to reach the 215.00 level

Chart EUR/AUD Update: Consolidating, room for higher later

June 12, 2026 7:17 AM UTC

Settled back from test of the 1.6500 resistance as prices consolidate gains from the 1.6200 level