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May 21, 2026

EUR flows: Eurozone PMI lowest since November 2023
Paying Article

May 21, 2026 8:07 AM UTC

EUR vulnerable after weak PMI

Chart USD/CHF Update: Cautious trade - studies improving
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May 21, 2026 8:07 AM UTC

Cautious trade around congestion resistance at 0.7900 has given way to a pullback to 0.7860~

EUR flows: Weak French PMI pulling EUR lower
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May 21, 2026 7:53 AM UTC

EUR dipping after very weak French PMI

Chart USD Index DXY Update: Cautious trade - studies improving
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May 21, 2026 7:48 AM UTC

Little change, as prices extend consolidation following the test of congestion support at 99.00

Chart EUR/USD Update: Under pressure
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May 21, 2026 7:30 AM UTC

Little change, as cautious trade extends pressure on congestion support at 1.1600

Chart GBP/USD Update: Choppy trade - studies under pressure
Freemium Article

May 21, 2026 7:22 AM UTC

Cautious trade has given way to a spike to 1.3460~

USD, JPY, EUR, AUD flows: USD still firm, PMIs in focus
Paying Article

May 21, 2026 6:35 AM UTC

USD remains well supported, AUD softer, EUR may be vulnerable on PMIs

USD/JPY flows: Trade Balance Beats
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May 21, 2026 5:08 AM UTC

Japan April Trade Balance Beats

FX Daily Strategy: Europe, May 21st
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May 21, 2026 4:21 AM UTC

Eying risk and bonds out of Nvidia, auction and Minutes
Big picture, have some seen re-pricings within established ranges (EUR/USD 1.15-1.20 give or take)
Need to see more decisive developments on Iran and/or asset volatility to be making new strides
Global PMI data in focus 

AUD/USD flows: Australian Labor Market Slows
Paying Article

May 21, 2026 3:21 AM UTC

Australia unemployment jumps to 4.5%

Chart GBP/USD Update: Back to pressure 1.3450 resistance
Freemium Article

May 21, 2026 1:54 AM UTC

Bounce from the 1.3375 low has seen prices back to pressure resistance at the 1.3450 congestion

Chart EUR/USD Update: Back in consolidation above 1.1600
Paying Article

May 21, 2026 1:38 AM UTC

Limited on break of the 1.1600 level as prices turned up from above the 1.1575/50 support

Chart USD/JPY Update: Consolidating below 159.25 high
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May 21, 2026 12:52 AM UTC

Little change, as prices settled back from the 159.25 high to consolidate at the 159.00 level

Chart NZD/USD Update: Turned up in range from .5815 support
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May 21, 2026 12:39 AM UTC

Higher in range as prices held firm at the .5815 support to consolidate losses from the .5990, 6 May high

Chart AUD/USD Update: Range-bound in consolidation
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May 21, 2026 12:25 AM UTC

Range-bound as prices extend consolidation above the .7100 level

May 20, 2026

FX Daily Strategy: Asia, May 21st
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May 20, 2026 9:00 PM UTC

Eying risk and bonds out of Nvidia, auction and Minutes
Big picture, have some seen re-pricings within established ranges (EUR/USD 1.15-1.20 give or take)
Need to see more decisive developments on Iran and/or asset volatility to be making new strides
Global PMI data in focus 

North American Summary and Highlights 20 May
Freemium Article

May 20, 2026 7:32 PM UTC

Overview - The USD slipped on hopes for progress towards peace in the Middle East. 

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South Africa Inflation Quickens to 4.0% y/y in April
Paying Article

May 20, 2026 7:29 PM UTC

Bottom Line: South Africa’s annual inflation climbed to 4.0% in April, driven by surging fuel and transport costs following the outbreak of war in Iran, according to StatsSA's May 20 announcement. Consumer prices also rose by 1.1% month-on-month. Given South Africa's reliance on fuel imports, infl

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FOMC Minutes from April 29: Hawkish concerns appear broadly felt
Paying Article

May 20, 2026 6:54 PM UTC

FOMC minutes from April 29 show a hawkish leaning, confirming market perceptions that there was more interest in removing an easing bias from the language than revealed by the three hawkish dissents at the meeting. Should inflation remain persistent, tightening could come onto the agenda, though sho

USD flows: Draft agreement talk forces mkt to hedge
Paying Article

May 20, 2026 3:48 PM UTC

Al Arabiya News claim sees mkt forced to hedge
Many false dawns of course, but clearly the dominant focus now for the next few sessions

Chart USD/CAD Update: Choppy trade - studies rising
Freemium Article

May 20, 2026 3:17 PM UTC

Still little change, as prices extend consolidation around resistance at the 1.3760 Fibonacci retracement

FX Daily Strategy: APAC, May 21st
Paying Article

May 20, 2026 3:04 PM UTC

Eying risk and bonds out of Nvidia, auction and Minutes
Big picture, have some seen re-pricings within established ranges (EUR/USD 1.15-1.20 give or take)
Need to see more decisive developments on Iran and/or asset volatility to be making new strides
Global PMI data in focus 

EUR/GBP, GBP/USD flows: BoE TSC cementing summer re-pricing
Paying Article

May 20, 2026 2:18 PM UTC

Comments so far from BoE TSC largely go with the grain of the summer wait and see
Mkt has priced back its overly aggressive hike odds for June-July

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

May 20, 2026 1:05 PM UTC

Little change, as prices extend consolidation around congestion support at 0.7100

EUR/USD flows: sideways session looking likely for now
Paying Article

May 20, 2026 12:45 PM UTC

Subdued trade into next US events, needs more than brief buy the fact to offer UST relief
Expiries may be adding to the session's apathy
UK BoE TSC testimony offers interim interest