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May 08, 2026

AUD/USD flows: Ceasefire Does not Seem to Hold
Paying Article

May 8, 2026 4:11 AM UTC

UAE says it is responding again to a missile threat

FX Daily Strategy: Europe, May 8th
Paying Article

May 8, 2026 3:56 AM UTC

US and Canadian employment data offer some USD upside risks
Focus remains on US/Iran negotiations with some good news already priced in
Japanese wage data misses
GBP vulnerable to political fallout from local elections

USD/JPY flows: Labor Earning Missed
Paying Article

May 8, 2026 1:56 AM UTC

Labor cash earnings rose 2.7% y/y

Chart GBP/USD Update: Still limited above 1.3600
Freemium Article

May 8, 2026 1:37 AM UTC

Still limited above the 1.3600 level as prices struggles to sustain probes to retest the 1.3650 resistance

Chart EUR/USD Update: Extend choppy trade below 1.1800
Paying Article

May 8, 2026 1:27 AM UTC

Still limited above resistance at the 1.1750 congestion as prices extend choppy trade below the 1.1800 resistance

Chart USD/JPY Update: Higher in consolidation from 155.00 low
Paying Article

May 8, 2026 1:00 AM UTC

Higher in consolidation above the 156.00 level following bounce from the 155.00 spike low

Chart NZD/USD Update: Consolidating
Paying Article

May 8, 2026 12:32 AM UTC

Settled back in range from the .5990 high as prices consolidate break of the .5930 resistance

Chart AUD/USD Update: Lower in range beneath current year high
Paying Article

May 8, 2026 12:22 AM UTC

Settled back in range beneath resistance at the .7280, June 2022 high

May 07, 2026

FX Daily Strategy: Asia, May 8th
Paying Article

May 7, 2026 9:00 PM UTC

US and Canadian employment data offer some USD upside risks
Focus remains on US/Iran negotiations with some good news already priced in
Japanese wage data could support BoJ rate hike expectations
GBP vulnerable to political fallout from local elections

North American Summary and Highlights 7 May
Freemium Article

May 7, 2026 7:44 PM UTC

Overview - The USD erased European losses and more in North America as Middle Eastern risk picked up again. 

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Russia Inflation Preview: Inflation Will Slightly Decrease to 5.8% in April
Paying Article

May 7, 2026 6:25 PM UTC

Bottom Line: We expect Russian inflation to continue its decreasing pattern moderately in April owing to lagged impacts of previous aggressive monetary tightening and relative resilience of RUB. April inflation figures will be announced on May 15, and we foresee y/y prices to hover around 5.8%. Desp

U.S. Fed's Daly - Policy slightly restrictive
Paying Article

May 7, 2026 5:37 PM UTC

San Francisco Fed's Daly is sounding less hawkish than some district presidents.

Chart USD/CAD Update: Cautious trade - room for a minor test higher
Freemium Article

May 7, 2026 4:12 PM UTC

Still little change

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Preview: Due May 14 - U.S. April Retail Sales - Consumers still resilient to headwinds
Paying Article

May 7, 2026 3:31 PM UTC

We expect April retail sales to increase by 0.7% overall with a rise of 0.9% ex autos, but only 0.5% ex autos and gasoline, the latter a marginal slowing from two straight 0.6% increases. Still, consumer spending continues to appear resilient to significant headwinds. 

FX Daily Strategy: APAC, May 8th
Paying Article

May 7, 2026 2:48 PM UTC

US and Canadian employment data offer some USD upside risks
Focus remains on US/Iran negotiations with some good news already priced in
Japanese wage data could support BoJ rate hike expectations
GBP vulnerable to political fallout from local elections

Chart AUD/USD Update: Balanced beneath current year highs
Paying Article

May 7, 2026 1:31 PM UTC

Little change, as prices extend cautious trade beneath the current year high around the 0.7280~ high of June 2022

Preview: Due May 8 - Canada April Employment - A modest gain with stable unemployment
Paying Article

May 7, 2026 1:20 PM UTC

We expect Canadian employment to increase by 10k in March, a second straight modest rise to follow a gain of 14.1k in March, still not close to erasing the steep loss of 83.9k in February which extended a substantial 24.8k decline in January. We expect a 6.7% unemployment rate for a third straight m

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Preview: Due May 8 - U.S. April Employment (Non-Farm Payrolls) - Not as strong as March but some positive signals
Paying Article

May 7, 2026 1:15 PM UTC

We expect April’s non-farm payroll to rise by 90k overall and by 95k in the private sector, less strong than in March but implying some improvement in trend. We expect unemployment to slip to 4.2% from 4.3% and an in line with trend 0.3% increase in average hourly earnings. 

Chart USD/JPY Update: Consolidating losses - studies under pressure
Paying Article

May 7, 2026 1:12 PM UTC

Little change, as prices extend consolidation above congestion support at 156.00

U.S. Initial Claims still very low, Q1 Productivity and Costs report shows strength in non-labor costs
Paying Article

May 7, 2026 1:05 PM UTC

Initial claims at 200k are up from last week’s exceptionally low 190k but still consistent with layoffs running at veery low levels. Q1 non-farm productivity at 0.8% is marginally below consensus and unit labor costs at 2.3% more significantly so but non-labor costs saw a strong 8.0% increase whic

USD flows: Little change on US data
Paying Article

May 7, 2026 1:05 PM UTC

US data slightly on the strong side, but little market impact

Chart EUR/CAD Update: Consolidating gains - daily studies rising
Paying Article

May 7, 2026 11:24 AM UTC

Little change, as sharp gains give way to consolidation beneath resistance at the 1.6040 high of 24 April

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Norges Bank Review: Pre-Emptive Price Pessimism
Freemium Article

May 7, 2026 10:41 AM UTC

It may not have been a close call, but amid what were divided market expectations, the Norges Bank hiked afresh by 25 bp (to 4.25%), the first such move in two years.  Admittedly, it had given a clear pointer in March of at least one rate hike probable in the next couple of months but we had though

FX Daily Strategy: N America, May 7th
Paying Article

May 7, 2026 9:13 AM UTC

ECB speakers may be mildly EUR supportive
NOK rallies as Norges bank hike 
GBP vulnerable on local elections
Risk of reversal of recent risk positive trading if US/Iran deal is not completed

Chart USD/CHF Update: Leaning lower
Paying Article

May 7, 2026 8:29 AM UTC

Little change, as prices extend cautious trade above support at the 0.7770 Fibonacci retracement