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June 25, 2026

Psychology for major markets June 25
Paying Article

June 25, 2026 9:20 AM UTC

Israel has pulled back from part of its buffer zone in southern Lebanon

Chart USD/CHF Update: Balanced beneath fresh year high
Paying Article

June 25, 2026 8:43 AM UTC

Cautious trade has given way to a test above the 0.8125 monthly high of 5 November 2025

Chart USD Index DXY Update: Balanced beneath fresh year high
Paying Article

June 25, 2026 8:19 AM UTC

Anticipated gains have posted a fresh year high at 101.80

USD flows: OPEC pressure cooker
Paying Article

June 25, 2026 8:14 AM UTC

Reuters sources have Iraq making OPEC threats of quota
Iran closures have exerted critical financial and fiscal stress on the region
That creates a pressure cooker environment for (hopefully) post war supply and cooperation

...
June Outlook: Iran War and AI Challenges
Paying Article

June 25, 2026 7:55 AM UTC

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

Chart EUR/USD Update: Balanced above fresh year low - studies under pressure
Paying Article

June 25, 2026 7:43 AM UTC

Anticipated losses have tested below the 1.1355 Fibonacci retracement to post a fresh year low at 1.1325

Chart GBP/USD Update: Balanced above fresh year low
Freemium Article

June 25, 2026 7:35 AM UTC

Anticipated selling interest has posted a fresh year low at 1.3140

Preview: Due July 2 - U.S. June Employment (Non-Farm Payrolls) - World Cup boost versus underlying slowing
Freemium Article

June 25, 2026 7:12 AM UTC

We expect June’s non-farm payroll to rise by 115k overall and by 125k in the private sector, the former a slowing from 172k in May but the latter marginally stronger than May’s 120k increase. We expect the unemployment rate to remain at 4.3% for a fourth straight month and an in line with trend

EUR/USD flows: Consolidation; mulling Bessent and the shape of the Fed curve
Paying Article

June 25, 2026 6:57 AM UTC

Oil fills gap, chip earnings strong
Dollar takes a breather consolidates recent action
Debate over Bessent's comments and what that might say for Fed policy

USD/JPY flows: Staying at Recent High
Paying Article

June 25, 2026 5:23 AM UTC

Iran's IRGC warns ships face action for using Hormuz routes not cleared with Tehran
BoJ Hawk Tamura says neutral rate around 2% 

FX Daily Strategy: Europe, Jun 25th
Paying Article

June 25, 2026 4:06 AM UTC

Australian Employment Market Unlikely to Persuade RBA
U.S. May Core PCE Prices to outperform CPI
No significant revision for U.S. Final Q1 GDP 
And other U.S. Data

AUD/USD flows: Employment Improves
Paying Article

June 25, 2026 2:33 AM UTC

Australian May unemployment rate 4.4%

Chart GBP/USD Update: Consolidating at 1.3140 fresh year low
Freemium Article

June 25, 2026 1:57 AM UTC

Break of the 1.3160 March low saw losses to fresh year low at 1.3140 before turning up to consolidate sharp losses last week

Chart EUR/USD Update: Consolidating at 1.1325 fresh year low
Paying Article

June 25, 2026 1:41 AM UTC

Losses through the 1.1355 Fibonacci level has seen extension to fresh year low at 1.1325

Chart USD/JPY Update: Extend consolidation beneath 161.95 resistance
Paying Article

June 25, 2026 12:50 AM UTC

Little change, as prices extend consolidation below the 161.93 fresh year high

Chart NZD/USD Update: Consolidating at .5630 fresh year low
Paying Article

June 25, 2026 12:44 AM UTC

Break below .5650 congestion has seen losses to reach fresh year low at .5630

Chart AUD/USD Update: Consolidating at .6900 level
Paying Article

June 25, 2026 12:31 AM UTC

Steadied at the .6882 low as prices turned up to consolidate at the .6900 level and unwind oversold intraday studies

June 24, 2026

North American Summary and Highlights 24 June
Freemium Article

June 24, 2026 7:52 PM UTC

Overview - The USD remained generally bid, but corrected off its lows, EUR/USD leading the correction. 

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Bank of Canada Minutes from June 10 - Balanced tone, and energy risks have fallen since the meeting
Paying Article

June 24, 2026 7:24 PM UTC

Minutes from the Bank of Canada meeting from June 10 do not provide many surprises, but confirm a fairly balanced tone that was evident after the meeting.  The balanced tone does not however mean that policy will remain on hold, with high uncertainty meaning that risks could shift and the BoC agree

Chart USD/CAD Update: Fresh year high - focus on strong resistance at the 1.4290 Fibonacci retracement
Freemium Article

June 24, 2026 4:12 PM UTC

Cautious trade has given way to another fresh year high

Preview: Due July 9 - U.S. June Existing Home Sales - Pending home sales imply a rise
Paying Article

June 24, 2026 3:34 PM UTC

We expect June existing home sales to increase by 1.9% to 4.25m, which would be a third straight increase and the highest level since December 2025. This would be consistent with signals from May pending home sales, but other housing signals are less positive.

FX Daily Strategy: Asia, Jun 25th
Paying Article

June 24, 2026 3:00 PM UTC

Australian Employment Market Unlikely to Persuade RBA
U.S. May Core PCE Prices to outperform CPI
No significant revision for U.S. Final Q1 GDP 
And other U.S. Data

Preview: Due July 1 - U.S. June ADP Employment - Weekly ADP data remains healthy
Paying Article

June 24, 2026 2:51 PM UTC

We expect a 125k increase in June’s ADP estimate for private sector employment, which matches our forecast for private sector non-farm payrolls in June. It is also consistent with a 30.75k four week average for the ADP weekly report in the weeks to June 6, the week before monthly data was surveyed

EUR/USD flows: Yields coming off; follow through taken back
Paying Article

June 24, 2026 2:22 PM UTC

Yields falling off though seen quite symmetrically so far
EUR/USD takes an o/s breather, going back to the 1.1350 break

U.S. May New Home Sales - Second straight decline suggests trend is weakening
Paying Article

June 24, 2026 2:21 PM UTC

May new home sales with a 7.3% decline to 580k have extended a 5.7% decline in April. Housing indicators are mixed overall but new home sales appear to have broken out of what had been a fairly stable range to the downside.

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