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June 25, 2026

Chart USD/CAD Update: Turning away from year high in both USD- and CAD-driven trade
Freemium Article

June 25, 2026 4:10 PM UTC

Cautious trade beneath the 1.4248 current year high of 24 June is giving way to a pullback in both USD- and CAD-driven trade

FX Daily Strategy: Asia, Jun 26th
Paying Article

June 25, 2026 3:00 PM UTC

U.S. May Advance Goods Trade Balance 
Tokyo CPI TO Stay Low
USD/JPY Extend consolidation beneath 161.95 

...
U.S. Personal Income and Spending, GDP, Durable Goods Orders, and Initial Claims - Mostly firm but consumer spending revised lower
Paying Article

June 25, 2026 1:40 PM UTC

The latest US data is mostly strong, with an upward revision to Q1 GDP, stronger than expected May personal income and spending, still firm core PCE prices, lower initial claims and strength in May durable goods orders outside a fall in transport. However the Q1 GDP revision was mixed, with a signif

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

June 25, 2026 1:35 PM UTC

Little change, as prices extend consolidation around congestion support at 0.6900

Chart USD/JPY Update: Consolidating test of critical resistance
Paying Article

June 25, 2026 1:11 PM UTC

Little change, as prices extend cautious trade following the test of critical resistance at the 161.95 multi-year high of July 2024

USD flows: Net firm batch of US data, if no knock-outs
Paying Article

June 25, 2026 12:41 PM UTC

Strong batch of data overall, though avoids any 'headline shocks'
Mkt consolidates its recent repositioning

Preview: Due June 26 - U.S. May Advance Goods Trade Balance - Exports, Imports and Deficit to rise
Paying Article

June 25, 2026 12:09 PM UTC

We expect an advance May goods trade deficit of $87.8bn, up from $83.0bn in April and the widest deficit since December. We expect exports and imports to both show strong gains, rising by 4.0% and 4.5% respectively. Even if exports and imports saw the same gain in percentage terms, the deficit would

Chart EUR/CAD Update: Back in range - studies under pressure
Paying Article

June 25, 2026 10:45 AM UTC

The break below 1.6150 has bounced from 1.6125, as intraday studies turn higher

Psychology for major markets June 25
Paying Article

June 25, 2026 9:20 AM UTC

Israel has pulled back from part of its buffer zone in southern Lebanon

Chart USD/CHF Update: Balanced beneath fresh year high
Paying Article

June 25, 2026 8:43 AM UTC

Cautious trade has given way to a test above the 0.8125 monthly high of 5 November 2025

Chart USD Index DXY Update: Balanced beneath fresh year high
Paying Article

June 25, 2026 8:19 AM UTC

Anticipated gains have posted a fresh year high at 101.80

USD flows: OPEC pressure cooker
Paying Article

June 25, 2026 8:14 AM UTC

Reuters sources have Iraq making OPEC threats of quota
Iran closures have exerted critical financial and fiscal stress on the region
That creates a pressure cooker environment for (hopefully) post war supply and cooperation

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June Outlook: Iran War and AI Challenges
Paying Article

June 25, 2026 7:55 AM UTC

Our June Outlook is now published and please see all our economic and policy chapters below.  

Chart EUR/USD Update: Balanced above fresh year low - studies under pressure
Paying Article

June 25, 2026 7:43 AM UTC

Anticipated losses have tested below the 1.1355 Fibonacci retracement to post a fresh year low at 1.1325

Chart GBP/USD Update: Balanced above fresh year low
Freemium Article

June 25, 2026 7:35 AM UTC

Anticipated selling interest has posted a fresh year low at 1.3140

Preview: Due July 2 - U.S. June Employment (Non-Farm Payrolls) - World Cup boost versus underlying slowing
Freemium Article

June 25, 2026 7:12 AM UTC

We expect June’s non-farm payroll to rise by 115k overall and by 125k in the private sector, the former a slowing from 172k in May but the latter marginally stronger than May’s 120k increase. We expect the unemployment rate to remain at 4.3% for a fourth straight month and an in line with trend

EUR/USD flows: Consolidation; mulling Bessent and the shape of the Fed curve
Paying Article

June 25, 2026 6:57 AM UTC

Oil fills gap, chip earnings strong
Dollar takes a breather consolidates recent action
Debate over Bessent's comments and what that might say for Fed policy

USD/JPY flows: Staying at Recent High
Paying Article

June 25, 2026 5:23 AM UTC

Iran's IRGC warns ships face action for using Hormuz routes not cleared with Tehran
BoJ Hawk Tamura says neutral rate around 2% 

FX Daily Strategy: Europe, Jun 25th
Paying Article

June 25, 2026 4:06 AM UTC

Australian Employment Market Unlikely to Persuade RBA
U.S. May Core PCE Prices to outperform CPI
No significant revision for U.S. Final Q1 GDP 
And other U.S. Data

AUD/USD flows: Employment Improves
Paying Article

June 25, 2026 2:33 AM UTC

Australian May unemployment rate 4.4%

Chart GBP/USD Update: Consolidating at 1.3140 fresh year low
Freemium Article

June 25, 2026 1:57 AM UTC

Break of the 1.3160 March low saw losses to fresh year low at 1.3140 before turning up to consolidate sharp losses last week

Chart EUR/USD Update: Consolidating at 1.1325 fresh year low
Paying Article

June 25, 2026 1:41 AM UTC

Losses through the 1.1355 Fibonacci level has seen extension to fresh year low at 1.1325

Chart USD/JPY Update: Extend consolidation beneath 161.95 resistance
Paying Article

June 25, 2026 12:50 AM UTC

Little change, as prices extend consolidation below the 161.93 fresh year high

Chart NZD/USD Update: Consolidating at .5630 fresh year low
Paying Article

June 25, 2026 12:44 AM UTC

Break below .5650 congestion has seen losses to reach fresh year low at .5630

Chart AUD/USD Update: Consolidating at .6900 level
Paying Article

June 25, 2026 12:31 AM UTC

Steadied at the .6882 low as prices turned up to consolidate at the .6900 level and unwind oversold intraday studies

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