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January 15, 2026

U.S. Fed's Daly moderate, Schmid hawkish
Paying Article

January 15, 2026 7:22 PM UTC

Both Daly and Schmid note that recent activity data has been resilient and inflation softer, but neither is in a hurry to ease, with Schmid clearly hawkish.

Chart USD/CAD Update: Consolidating - studies improving
Freemium Article

January 15, 2026 5:06 PM UTC

Cautious trade has given way to a test of resistance at 1.3900/20

Preview: Due January 16 - U.S. December Industrial Production - Utilities to rise, manufacturing to slip
Paying Article

January 15, 2026 4:11 PM UTC

We expect a 0.1% increase in December industrial production, with the rise coming fully in the weather-sensitive utilities sector. We expect a 0.2% decline in manufacturing.

Preview: Due January 23 - U.S. January S and P PMIs - Rebounding after December dips
Paying Article

January 15, 2026 4:00 PM UTC

We expect some improvement in January’s S and P PMIs, largely reversing slippage in December, manufacturing to 52.5 from 51.8  and services to 54.0 from 52.5.

Chart AUD/USD Update: Consolidating
Paying Article

January 15, 2026 2:41 PM UTC

Little change, as prices extend consolidation above congestion support at 0.6650

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South Africa Inflation Preview: Inflation is Expected to Hover Around 3.5% y/y in December
Freemium Article

January 15, 2026 2:31 PM UTC

Bottom Line: After inflation decreased to 3.5% YoY in November, we foresee inflation will stand around 3.5% y/y in December supported by suspended power cuts (loadshedding), stronger Rand (ZAR), and decrease in inflation expectations. Lower international food prices and slightly elevated fuel costs

Chart USD/JPY Update: Consolidating - studies improving
Paying Article

January 15, 2026 2:15 PM UTC

Cautious trade around 158.25 has given way to a bounce

U.S. Initial Claims low, Philly Fed and Empire State surveys stronger at the start of 2026
Paying Article

January 15, 2026 2:09 PM UTC

The latest US data suggests a stronger start to 2026, with initial jobless claims very low at 198k from 207k in a week not including a holiday and is thus less prone to a surprise, and also positive manufacturing surveys from the Empire State at 7.7 and the Philly Fed at 12.6, both contrasting negat

USD flows: USD buoyed by solid data
Paying Article

January 15, 2026 2:09 PM UTC

USD continues to gain on solid US data

Chart EUR/CAD Update: Consolidating - studies under pressure
Paying Article

January 15, 2026 12:00 PM UTC

Still little change, as prices extend cautious/choppy trade within the 1.6150 - 1.6200 range

Psychology for major markets Jan 15
Paying Article

January 15, 2026 11:11 AM UTC

USD still firm, JPY weak but intervention threat limiting losses

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China: 2026 Modest Rather Aggressive Policy Support
Paying Article

January 15, 2026 10:55 AM UTC

•    On January 15, PBOC cut the 1yr structural lending rate from 1.5% to 1.25% in a targeted move to benefit some borrowers from banks.  Monetary policy will likely remain targeted rather than broad and we see only one 10bps cut in the 7 day reverse repo rate in 2026, as policymakers are con

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

January 15, 2026 10:00 AM UTC

JPY may get a brief reprieve but intervention still likely to be needed
GBP downside risks on GDP
USD firm and unlikely to be derailed by data

Chart USD/CHF Update: Consolidating - studies edging higher
Paying Article

January 15, 2026 9:27 AM UTC

Little change, as prices extend choppy trade above congestion support at 0.8000

Chart USD Index DXY Update: Consolidating - room for a test higher
Paying Article

January 15, 2026 9:11 AM UTC

The anticipated test below congestion support at 99.00 has bounced from 98.95~

Chart EUR/USD Update: Sentiment turning down
Paying Article

January 15, 2026 8:36 AM UTC

Cautious trade has given way to a drift lower

Chart GBP/USD Update: Cautious trade - studies leaning lower
Freemium Article

January 15, 2026 8:28 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around 1.3440

GBP flows: GBP up on stronger than expected GDP
Paying Article

January 15, 2026 7:41 AM UTC

GBP up modestly after stronger than expected November GDP

USD/JPY flows: One way traffic
Paying Article

January 15, 2026 5:54 AM UTC

BOJ Ueda reiterates sustained wage–price cycle, signals further rate hikes if forecasts hold
Bessent warns on excessive FX volatility in talks with Japan, urges sound communication

FX Daily Strategy: Europe, January 15th
Paying Article

January 15, 2026 5:44 AM UTC

JPY may get a brief reprieve but intervention still likely to be needed
GBP downside risks on GDP
USD firm and unlikely to be derailed by data

AUD/USD flows: Metal falls
Paying Article

January 15, 2026 3:33 AM UTC

Trump says he spoke with Venezuela’s interim president on oil, minerals and security

Chart GBP/USD Update: Extend consolidation within 1.3500/1.3400 range
Freemium Article

January 15, 2026 1:22 AM UTC

Little change, as prices extend consolidation above the 1.3400/1.3390 support

Chart EUR/USD Update: Consolidating, but room for lower
Paying Article

January 15, 2026 1:14 AM UTC

Extend consolidation above support at the 1.1615/00 area but pressure remains on the downside

Chart USD/JPY Update: Consolidating gains to fresh high at 159.45
Paying Article

January 15, 2026 12:49 AM UTC

Break above the 2025 year high at 158.88 reached fresh high at 159.45 before giving way to selling pressure

Chart NZD/USD Update: Consolidating, room for lower later
Paying Article

January 15, 2026 12:31 AM UTC

Little change, as prices extend consolidation above the .5711 low of last week