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June 11, 2026

USD flows: Market still skeptical
Paying Article

June 11, 2026 6:20 PM UTC

The USD saw a sharp dip on Trump's cancellation of tonight's scheduled bombing of Iran though did little more than erase the day's gains. 

Chart USD/BRL Update: Turning away from 5.2000
Paying Article

June 11, 2026 4:19 PM UTC

Anticipated gains have reached congestion resistance at 5.2000

Chart USD/CAD Update: Fresh year highs in CAD-driven trade
Freemium Article

June 11, 2026 3:53 PM UTC

Cautious trade above 1.3930 has posted fresh year highs in CAD-driven trade

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CBRT Kept Key Rate Constant at 37% Despite Inflationary Risks
Paying Article

June 11, 2026 3:44 PM UTC

Bottom Line: Central Bank of Turkiye (CBRT) held the policy rate constant at 37% during the MPC meeting on June 11 despite inflationary risks as economy remains under pressure from Iran war, which sparked a surge in energy, transportation and agricultural input costs. CBRT stated in its written stat

FX Daily Strategy: Asia, Jun 12th
Paying Article

June 11, 2026 3:00 PM UTC

UK GDP Upside Surprises To Reverse?
DXY Choppy From Geopolitics
USD/JPY Within reach of 160.72 high

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ECB Review: If Not Insurance, Why the Hike?
Paying Article

June 11, 2026 2:27 PM UTC

The 25 bp official rate hike unveiled today was so well-flagged it is hard to suggest that it is consistent with a decision process on a meeting-by-meeting basis.  Similarly, the dominance of inflation upside risks, alongside another dose of optimistic real economy projections, is hardly proper dat

Chart AUD/USD Update: Under pressure
Paying Article

June 11, 2026 2:16 PM UTC

Consolidation around 0.7000 is giving way to anticipated selling interest

Chart USD/JPY Update: Focus on the 160.72 current year high
Paying Article

June 11, 2026 1:24 PM UTC

Little change, as prices continue to drift higher, reaching 160.60 before settling into fresh consolidation

U.S. May PPI - Mostly strong, Initial Claims hinting at slower payroll growth in June
Paying Article

June 11, 2026 1:11 PM UTC

While May’s PPI is mixed, it is on balance a stronger than expected figure with strength overall and ex food, energy and trade outweighing a slightly softer than ex]acted ex food and energy outcome, on a correction lower in trade. Initial claims are hinting June’s payroll will be less strong tha

USD flows: Trumped, but largely ignored
Paying Article

June 11, 2026 1:00 PM UTC

Latest Trump broadside overshadows ECB; diminishing returns in FX

EUR/USD flows: No big surprises from ECB, bit of sell the fact
Paying Article

June 11, 2026 12:32 PM UTC

ECB initial announcement largely as expected, 
Initial bias is minor sell the fact, 1.15~ next down on intraday chart

Chart EUR/CAD Update: Immediate gains to remain limited
Paying Article

June 11, 2026 11:02 AM UTC

Anticipated minor tests lower have not been seen

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BoE Preview (Jun 18): Splits to Widen, But Stable Policy Outlook Intact
Freemium Article

June 11, 2026 10:26 AM UTC

Not only this month, but we see the BoE being on hold for the rest of the year with rate cuts then resuming through 2027.  Although markets are pricing just over two hikes from the current 3.75% with a 50%-plus probability of the first being delivered at the July 30 MPC meeting, our view is hardly

USD flows: Iran state of play down to cash is king?
Paying Article

June 11, 2026 10:18 AM UTC

Reuters sources suggest talks continue, political agreement but all down to frozen funds
In some ways good, though there are strong reasons why this is the main last and critical sticking point

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Sub Sahara Africa: Country Risk Ratings
Paying Article

June 11, 2026 10:00 AM UTC

We provide country risk reviews for Sub Sahara Africa countries including South Africa.

Psychology for major markets June 11
Paying Article

June 11, 2026 9:58 AM UTC

Iran maintains that Strait of Hormuz is closed until further notice

FX Daily Strategy: N America, Jun 11th
Paying Article

June 11, 2026 9:13 AM UTC

US CPI avoids sticker shock, gives some breathing room, but yield back off limited
Iran headlines still a mix of diplomatic and non-diplomatic, hope and jeopardy
ECB next focus, already a lot in the curve to validate

Chart USD/CHF Update: Consolidating - background studies rising
Paying Article

June 11, 2026 8:33 AM UTC

Little change, as prices extend consolidation following the test of congestion resistance at 0.8000

Chart USD Index DXY Update: Choppy in range
Paying Article

June 11, 2026 8:23 AM UTC

Little change, as prices extend choppy trade, currently capped by resistance within the 100.00 - 100.21 range

Chart EUR/USD Update: Quiet trade
Paying Article

June 11, 2026 7:52 AM UTC

Little change, as prices extend cautious trade around congestion resistance at 1.1550

Chart GBP/USD Update: Range trade
Freemium Article

June 11, 2026 7:40 AM UTC

The anticipated test above congestion resistance at 1.3400 has been pushed back from 1.3425

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Swiss SNB Preview (Jun 18): Still Keeping a Low Profile
Paying Article

June 11, 2026 6:33 AM UTC

Once again and in line with consensus thinking we see SNB policy being unchanged (ie the policy rate remaining at zero) when it gives its next quarterly assessment this month with little shift in the forecasts for either growth or inflation.  Admittedly, the tone of the economic outlook will remain

EUR/USD flows: Mkt glass half full; ECB in focus with high bar
Paying Article

June 11, 2026 6:33 AM UTC

Oil off the lows, mkt if anything relieved that didn't escalate even more
Stocks still managing to hold the lows at present 
ECB in focus, a lot already priced in to validate

USD/JPY flows: Slow Grind Above 160
Paying Article

June 11, 2026 6:07 AM UTC

Trump said the coming 24 hours would be decisive for any agreement

FX Daily Strategy: Europe, Jun 11th
Paying Article

June 11, 2026 4:55 AM UTC

US CPI avoids sticker shock, gives some breathing room, but yield back off limited
Iran headlines still a mix of diplomatic and non-diplomatic, hope and jeopardy
ECB next focus, already a lot in the curve to validate

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