FX Weekly Strategy: Asia, May 11th-15th

May 10, 2026 9:00 PM UTC

Positive risk tone suggests good news largely priced in
JPY may have scope to gain on the crosses
CAD weakness can extend
GBP likely toppy against the EUR

FX Weekly Strategy: APAC, May 11th-15th

May 10, 2026 5:00 PM UTC

Positive risk tone suggests good news largely priced in
JPY may have scope to gain on the crosses
CAD weakness can extend
GBP likely toppy against the EUR

North American Summary and Highlights 8 May

May 8, 2026 7:13 PM UTC

Overview - The USD was weaker in Europe and did not pick up after a stronger than expected US non-farm payroll. 

Preview: Due May 21 - U.S. April Housing Starts and Permits - A mixed picture but trend may slow in Q2

May 8, 2026 6:34 PM UTC

We look for April housing starts and permits to both see levels of 1.40m, for starts a fall of 6.8% after a rise of 10.8% in March, and for permits a rise of 2.7% after a fall of 11.4% in March.

Preview: Due May 15 - U.S. April Industrial Production - Restoring an improvement in trend

May 8, 2026 5:17 PM UTC

We expect a 0.3% increase in April industrial production with a matching increase in manufacturing, restoring signs of an improvement in trend in early 2026 after slippage in March. 

Chart USD/CAD Update: Reached 1.3700 - daily studies rising

May 8, 2026 4:02 PM UTC

Anticipated gains have reached congestion resistance at 1.3700, where unwinding overbought intraday studies are prompting short-term reactions

FX Weekly Strategy: May 11th-15th

May 8, 2026 2:51 PM UTC

Positive risk tone suggests good news largely priced in
JPY may have scope to gain on the crosses
CAD weakness can extend
GBP likely toppy against the EUR

U.S. Preliminary May Michigan CSI - Dip on current conditions, expectations slightly improved

May 8, 2026 2:19 PM UTC

The preliminary May Michigan CSI of 48.2 is down from 49.8 in April and weaker than expected. The details are however more surprising, with the fall due to current conditions not expectations and inflation expectations slightly softer.

Chart AUD/USD Update: Consolidating

May 8, 2026 1:40 PM UTC

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

Canada April Employment - Weak data suggests little case for tightening

May 8, 2026 1:36 PM UTC

Canada’s April employment report with a 6-month high of 6.9% for unemployment following two straight months at 6.7%, and a fall of 17.7k in employment, is clearly a weak one and suggests there is little case for the Bank of Canada to consider tightening as long as core inflation shows no clear fee