FX Daily Strategy: Asia, Jun 24th

June 23, 2026 9:00 PM UTC

Dollar remains firm, testing or clearing various levels
Focus on position corrections, Fed re-pricing spillover, and equities
AUD CPI, IFO and US new home sales on the schedule

North American Summary and Highlights 23 June

June 23, 2026 7:41 PM UTC

Overview - The USD remained generally bid, while equities came under pressure led by tech. 

FX Daily Strategy: APAC, Jun 24th

June 23, 2026 4:42 PM UTC

Dollar remains firm, testing or clearing various levels
Focus on position corrections, Fed re-pricing spillover, and equities
AUD CPI, IFO and US new home sales on the schedule

Chart USD/BRL Update: Pushing higher

June 23, 2026 4:12 PM UTC

The bounce from the 5.0265 weekly low of 15 June is approaching strong resistance at 5.2000

Preview: Due July 6 - U.S. June ISM Services - Sustaining a May improvement

June 23, 2026 3:38 PM UTC

We expect an unchanged June ISM services index of 54.5, sustaining a May pick up from April’s 53.6. Gasoline prices moving off their highs and the World Cup may both provide some support, preventing a correction from May’s improvement. May’s bounce may have been assisted by seasonal adjustment

Chart USD/CAD Update: Fresh year high - studies rising

June 23, 2026 3:30 PM UTC

Cautious trade has given way to another fresh year high

Preview: Due July 1 - U.S. June ISM Manufacturing - Sustaining May's bounce

June 23, 2026 2:46 PM UTC

We expect an unchanged June ISM manufacturing index of 54.0, sustaining a May bounce from April’s 52.7 to reach the highest level since May 2022. Strong business investment remains supportive.

USD flows: More focus on equities than data, dollar firm either way

June 23, 2026 2:02 PM UTC

Focus more on session's equity action than data
PMIs firmer all the same, if with some details in the breakdown

U.S. June S&P PMIs - Manufacturing stronger still, Services less subdued

June 23, 2026 1:57 PM UTC

June’s preliminary S and P PMIs ae both improved, manufacturing impressively so at 55.7 from 55.1. Services are still subdued but at 51.3 from 50.7 are at their highest since February.

Chart AUD/USD Update: Extending May losses

June 23, 2026 1:33 PM UTC

Cautious trade around 0.7000 has given way to the anticipated break

Chart USD/JPY Update: Consolidating - studies pointing higher

June 23, 2026 1:16 PM UTC

Little change, as prices extend cautious trade beneath resistance at the 161.80 current year high of 18 June

USD flows: Still at or through various resistance levels

June 23, 2026 12:56 PM UTC

USD still on the rise vs majors with various resistance levels being tested or cleared

Chart EUR/CAD Update: Under pressure in EUR-driven trade

June 23, 2026 12:04 PM UTC

Cautious trade is giving way to fresh losses in EUR-driven trade, with the break below 1.6200 opening up a test of 1.6150

Preview: Due June 24 - U.S. May New Home Sales - A correction higher though trend has slowed

June 23, 2026 12:01 PM UTC

We expect a May new home sales total of 640k, which would be an increase of 2.9% if April’s 6.2% decline to 622k sees no revisions. This would be consistent with trend having lost some momentum in early 2026, with movements in the preceding two years outside a 650-700k range having tended to be br

Preview: Due June 24 - U.S. Q1 Current Account - Deficit showing signs of stabilizing

June 23, 2026 11:58 AM UTC

We expect a Q1 US current account deficit of $206.8bn, up from $190.7bn in Q4 which would be the first increase in the deficit since the record pre-tariff deficit of $438.3bn in Q1 2025. The deterioration from Q4 could however be modest with trade data suggesting that Q4’s deficit will be revised

Psychology for major markets June 23

June 23, 2026 10:26 AM UTC

USD/risk seeing some follow through