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May 15, 2026

North American Summary and Highlights 15 May
Freemium Article

May 15, 2026 7:24 PM UTC

Overview - The USD was firm supported by surging UST yields while equities came under pressure. 

FX Weekly Strategy: APAC, May 18th-22nd
Paying Article

May 15, 2026 4:32 PM UTC

Dollar squeeze could continue near-term
Popular trades forced into some profit-taking
Stretched risk trades face potential increased volatility

Preview: Due May 29 - Canada Q1/March GDP - Domestic demand to lead a modest bounce
Paying Article

May 15, 2026 3:37 PM UTC

We expect Q1 Canadian GDP to increase by 1.4% annualized, in line with a 1.5% forecast seen in April’s Bank of Canada Monetary Policy Report. We expect March GDP to be unchanged, consistent with a preliminary estimate made with February data. Unchanged March GDP and no revisions to January or Febr

Chart USD/CAD Update: Room for higher
Freemium Article

May 15, 2026 2:58 PM UTC

Consolidation has given way to anticipated further gains

Preview: Due May 28 - U.S. April Durable Goods Orders - Aircraft to lead, but ex transport trend firm
Paying Article

May 15, 2026 2:18 PM UTC

We expect April durable goods orders to increase by 4.5% overall, in a rise led by aircraft, though ex transport orders are likely to confirm continued underlying strength with a second straight increase of 0.9%, which would be in line with an improvement in trend seen over the last four months.

Chart AUD/USD Update: Under pressure
Paying Article

May 15, 2026 1:33 PM UTC

Cautious trade has given way to anticipated selling interest

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U.S. April Industrial Production - Led by a bounce in autos, but underlying trend positive
Freemium Article

May 15, 2026 1:30 PM UTC

Following an upbeat Empire Sate manufacturing survey for May, April industrial production gives further evidence that the manufacturing sector is in good health, rising by a stronger than expected 0.7% overall with a 0.6% increase in manufacturing, though half of the latter came from autos.

USD flows: more of the same from US data and shakeout (DXY, AUD, EUR, NOK)
Paying Article

May 15, 2026 1:25 PM UTC

US data shows strength on prices and activity, chipping away at dollar shorts
Backdrop remains skewed to stretched position reductions

Chart USD/JPY Update: Pushing higher
Paying Article

May 15, 2026 1:12 PM UTC

The anticipated break above 158.00 has reached 158.65

U.S. May Empire State Manufacturing Survey - Strength in both activity and prices
Paying Article

May 15, 2026 12:45 PM UTC

May’s Empire State manufacturing index at 19.6, up from 11.0 in April, is the highest since April 2022, giving further evidence that the manufacturing sector is holding up well despite the Middle east conflict. 

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Middle East Conflict: U.S. Helping Chinese Whispers?
Paying Article

May 15, 2026 11:26 AM UTC

 In hosting President Trump this week, China feels it is vying, if not achieving, parity with the U.S. as the world’s superpowers; from China’s perspective, it regards Russia similarly.  It does seem as if China’s goal at this summit was to get more effective flexibility in shaping Taiwan’

Chart EUR/CAD Update: Under pressure
Paying Article

May 15, 2026 11:21 AM UTC

Cautious trade has given way to the anticipated test of support at 1.6000

This week's five highlights
Freemium Article

May 15, 2026 11:00 AM UTC

U.S. CPI Subdued and one-time strength in shelter
U.S. PPI Shows Strong picture restored 
Another U.S. Data
This Week's Fed Speakers
UK GDP Upside Surprises Continue

FX Daily Strategy: N America, May 15th
Paying Article

May 15, 2026 10:25 AM UTC

Geopolitical Picture Determines DXY Direction
U.S. April Industrial Production Restoring an improvement in trend
USD/JPY Higher to approach 158.00 resistance

USD flows: Feeling the stretch (DXY, AUD, EUR, GBP)
Paying Article

May 15, 2026 9:47 AM UTC

A clash of themes coming to a head as over-accelerating AI, risk and commodity complex trades run into ongoing Iran standoff and the mini dollar squeeze
The likes of AUD, semiconductors, Kospi, metals, have been overrunning m/t trends, not to maximum excess, but to degrees that are vulnerable to a lo

Chart USD/CHF Update: Edging higher
Paying Article

May 15, 2026 8:35 AM UTC

Cautious trade has given way to anticipated gains

Psychology for major markets May 15
Paying Article

May 15, 2026 8:08 AM UTC

Nothing Much From Trump-Xi Meet

Chart USD Index DXY Update: Pushing higher
Paying Article

May 15, 2026 8:08 AM UTC

Cautious trade has given way to anticipated gains

Chart EUR/USD Update: Room for lower
Paying Article

May 15, 2026 7:51 AM UTC

Anticipated losses have extended to the 1.1640 weekly high of 23 March

Chart GBP/USD Update: Extending May losses
Freemium Article

May 15, 2026 7:35 AM UTC

Anticipated losses have extended in sharp selling interest

USD flows: Bit of a dollar squeeze; stretched risk pullback
Paying Article

May 15, 2026 6:57 AM UTC

Dollar squeeze spreads after cable lead; stretched metals and risk mkt pull backs help broaden
Some s/t chart shifts seen, such as in NOK

Chart AUD/USD Update: Sharp break of .7200 support
Paying Article

May 15, 2026 6:02 AM UTC

Consolidation below the .7278 current year high of 6 May has given way to break of a rising wedge and the .7200 support

Asia Summary and Highlights 15 May
Paying Article

May 15, 2026 5:03 AM UTC

China foreign ministry says we should reopen Hormuz ASAP

USD/JPY flows: Continue its March
Paying Article

May 15, 2026 5:00 AM UTC

USD/JPY continues its rally to 160

FX Daily Strategy: Europe, May 15th
Paying Article

May 15, 2026 4:13 AM UTC

Geopolitical Picture Determines DXY Direction
U.S. April Industrial Production Restoring an improvement in trend
USD/JPY Higher to approach 158.00 resistance