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June 04, 2026

Chart USD/BRL Update: Further consolidation - studies improving
Paying Article

June 4, 2026 3:57 PM UTC

Little change, as prices extend consolidation within the 5.0000 - 5.0815 range

Chart USD/CAD Update: Extending May gains in CAD-driven trade
Freemium Article

June 4, 2026 3:50 PM UTC

The anticipated test of congestion resistance at 1.3900 has reached 1.3925

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Bank of Canada Preview for June 10: A little less hawkish despite continued energy risk
Paying Article

June 4, 2026 3:35 PM UTC

The Bank of Canada meets on June 10 and looks set to leave rates unchanged at 2.25%. This meeting will contain no quarterly Monetary Policy Report and hence no updated forecasts. However, since the last meeting on April 29 GDP and core inflation have come in softer than expected, but elevated energy

FX Daily Strategy: Asia, Jun 5th
Paying Article

June 4, 2026 3:00 PM UTC

U.S. May Non-Farm Payrolls Slightly slower 
Canada May Employment A Modest Gain 
USD/JPY Has Room for test above 160

Chart AUD/USD Update: Range trade
Paying Article

June 4, 2026 1:42 PM UTC

Cautious trade around 0.7150 has given way to further losses

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Preview: Due June 5 - U.S. May Employment (Non-Farm Payrolls) - Slightly slower but still healthy
Freemium Article

June 4, 2026 1:26 PM UTC

We expect May’s non-farm payroll to rise by 85k overall and by 90k in the private sector, less strong than in March and April but still showing a healthy labor market given a lack of growth in the labor force, leaving unemployment at 4.3% for a third straight month. We expect a 0.3% rise in in ave

Chart USD/JPY Update: Choppy around 160.00
Paying Article

June 4, 2026 1:05 PM UTC

Little change, as prices extend cautious/choppy trade following the retest of congestion resistance at 160.00

U.S. Initial Claims up in holiday week, Q1 Productivity and Unit Labor Costs both revised down
Paying Article

June 4, 2026 12:56 PM UTC

Initial claims at 225k in the week to May 30 are up from 212k and the highest since February 7, though the data should be treated with some caution given that the week included the Memorial Day holiday, which can cause seasonal adjustment difficulties.

USD flows: Sketchy, but oil and dollar backing off
Paying Article

June 4, 2026 12:52 PM UTC

Mixed US labor market background data
Oil and USD trying to get a bit more positive on Iran de-risking and deal, but all very fragile

Preview: Due June 5 - Canada May Employment - A modest gain but a subdued picture
Paying Article

June 4, 2026 12:02 PM UTC

We expect Canadian employment to increase by 10k in May, which after a fall of 17.7k in April would leave trend looking subdued, if not as weak as three declines in the last four months have implied. We expect unemployment to remain at 6.9% after increasing in April from 6.7% in March.

Chart EUR/CAD Update: Extending May gains
Paying Article

June 4, 2026 11:30 AM UTC

Cautious trade around 1.6100 has given way to steady gains

FX Daily Strategy: N America, Jun 4th
Paying Article

June 4, 2026 9:55 AM UTC

Tight ranges hold, though mood still defensive
USD/JPY dancing on the edge of 160. Greater scope for intraday noise and spoofing
Focus turning to US payrolls, mkt bias to upside

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More Yuan Appreciation, but Controlled
Paying Article

June 4, 2026 9:55 AM UTC

•    The Yuan has been appreciating driven by a large trade surplus; the ongoing trade truce with the U.S. after Trump May visit and official acceptance of Yuan gains. Even so, we feel that China’s authorities will pause appreciation at times via FX intervention to stop the move becoming too

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UK GDP Preview (Jun 12): GDP Upside Surprises To Reverse?
Paying Article

June 4, 2026 9:49 AM UTC

Perhaps it is a supreme irony that just as business surveys suggest clear weakness, if not fresh contraction, the actual real economy has surprised on the upside, even in the first month after the Middle East conflict.  Indeed, and in perspective, official GDP data suggest that since Labour took of

Psychology for major markets June 4
Paying Article

June 4, 2026 9:45 AM UTC

Israel-Lebanon Ceasefire?

GBP/USD, EUR/USD flows: 6yr low in UK construction PMI; expiries
Paying Article

June 4, 2026 8:50 AM UTC

Weakness in UK construction PMI notable
Expiries otherwise reinforcing apathy

Chart USD/CHF Update: Room for higher
Paying Article

June 4, 2026 8:24 AM UTC

The anticipated break above 0.7900 has reached resistance at the 0.7925 weekly high of 29 April

Chart USD Index DXY Update: Room for a minor test higher
Paying Article

June 4, 2026 8:17 AM UTC

The anticipated test of resistance at 99.50 is giving way to consolidation

Chart EUR/USD Update: Room for lower
Paying Article

June 4, 2026 7:47 AM UTC

The drift lower has reached congestion support at 1.1600

Chart GBP/USD Update: Leaning lower
Freemium Article

June 4, 2026 7:30 AM UTC

Cautious trade has given way to the anticipated break below 1.3450

EUR/CHF, EUR/USD, EUR/SEK flows: Mkt cautious on Iran positives; CPI prints
Paying Article

June 4, 2026 6:44 AM UTC

Israel and Lebanon agree to implement ceasefire, whipsawed mkt wary
Swedish CPI slightly above mkt; SEK also circumspect
Minor blip for CHF - CPI weak again and SNB has been more vocal on readiness against CHF strength 

AUD/USD flows: Risk undecided
Paying Article

June 4, 2026 5:52 AM UTC

Major equity indexes perform individually

FX Daily Strategy: Europe, Jun 4th
Paying Article

June 4, 2026 5:23 AM UTC

Tight ranges hold, though mood skewing more defensive
USD/JPY dancing on the edge of 160, bracing for a test above. Greater scope for intraday noise and spoofing
Swiss and Swedish CPI. Otherwise focus turning to US payrolls, mkt bias to upside

USD/JPY flows: Israel-Lebanon Ceasefire
Paying Article

June 4, 2026 4:10 AM UTC

Israel and Lebanon agreed to implement a ceasefire and establish security zones

Chart GBP/USD Update: Lower in consolidation
Freemium Article

June 4, 2026 1:54 AM UTC

Lower in consolidation within the 1.3500/1.3400 area following rejection from the 1.3500/1.3485 highs