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June 22, 2026

Preview: Due June 23 - U.S. June S&P PMIs - Manufacturing not quite as strong, marginal improvement in services
Paying Article

June 22, 2026 12:09 PM UTC

We expect a correction lower in June’s S and P manufacturing PMI to a still firm 54.5 from 55.3, but a modest improvement in the S and P services PMI to a still subdued 51.0, from 50.7 in May.

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Eurozone Outlook: Has Inflation Peaked Already?
Paying Article

June 22, 2026 11:35 AM UTC

·       Under our only slightly updated view of no further fighting in the Middle East, we see oil and gas prices largely consolidating recent falls before falling afresh from mid-2027.The current situation is very different from that of 2022 and the Ukraine War in which the EZ lost access to

Chart EUR/CAD Update: Range extension - background studies rising
Paying Article

June 22, 2026 10:51 AM UTC

Little change, as tests above resistance at the 1.6250~ monthly high of 14 April give way to a pullback into range extension within 1.6200 - 1.6250

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Germany/France/Italy and Spain: Growth and Inflation Outlooks
Paying Article

June 22, 2026 10:25 AM UTC

·       We have retained our 2026 GDP picture of 0.3% (Our Forecasts below) and actually pared back that for next year, with more and more signs that China is continuing to ship cheap products to Germany (lower energy prices post Iran war still help 2027).  For France, we have made a 0.3% do

Chartbook: Chart EUR/JPY: Still supported, but gains seen limited
Freemium Article

June 22, 2026 9:20 AM UTC

Sharp rejection from 187.95 fresh multi-year high at the start of Q2 saw losses to 182.00 low before staging recovery to 186.00/186.30 

FX Weekly Strategy: N America, Jun 22-26
Paying Article

June 22, 2026 9:03 AM UTC

No significant revision for U.S. Q1 GDP 
U.S. May Core PCE Prices to outperform CPI
And A Slate of U.S. Data
Canada May CPI A further lift from energy 

Chart USD/CHF Update: Pushing higher once again
Paying Article

June 22, 2026 8:13 AM UTC

Cautious trade is giving way to fresh gains

Chart USD Index DXY Update: Focus back on strong resistance at the 101.15 Fibonacci retracement
Paying Article

June 22, 2026 8:03 AM UTC

Cautious trade above support at the 100.64 monthly high of 31 March is giving way to a fresh push higher

Chart EUR/USD Update: Leaning lower
Paying Article

June 22, 2026 7:48 AM UTC

Cautious trade is giving way to anticipated selling interest

Psychology for major markets June 22
Paying Article

June 22, 2026 7:35 AM UTC

Strait off, and then on

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

June 22, 2026 7:31 AM UTC

The opening gap below 1.3200 has given way to a bounce

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Equities Outlook: AI Optimism, But Caution Elsewhere in DM economies
Paying Article

June 22, 2026 7:05 AM UTC

·       In terms of the S&P500, we remain less concerned about high valuations in the tech sector provided AI labs growth remains fast.  12mth fwd information technology are mid-range in the 2020-26 experience rather than at the highs. Even so, heavy equity issuance by tech companies and a s

EUR/USD, USD/JPY, EUR/GBP flows: W/e worries stemmed on progress, dollar remains firm
Paying Article

June 22, 2026 6:38 AM UTC

Reported progress in high level talks helps stem w/e escalation worries
Dollar retains its firmer lean since break higher

Chartbook: Chart USD/JPY: Pressuring highs, room to extend gains
Paying Article

June 22, 2026 5:53 AM UTC

Extend bullish gains from the 152.00 January year low to reach fresh high just beneath the 161.95, 2024 multi-year high.

USD/JPY flows: Revisiting June High
Paying Article

June 22, 2026 5:39 AM UTC

USD/JPY aims at recent high
BOJ Dep Gov Himino warned delaying policy adjustments could trigger a inflation overshoot

FX Weekly Strategy: Europe, Jun 22-26
Paying Article

June 22, 2026 5:21 AM UTC

No significant revision for U.S. Q1 GDP 
U.S. May Core PCE Prices to outperform CPI
And A Slate of U.S. Data
Canada May CPI A further lift from energy 

AUD/USD flows: Strait is back
Paying Article

June 22, 2026 1:57 AM UTC

Hormuz maritime security mechanism agreed by Iran

Chart GBP/USD Update: Tunred up from retest of 1.3160 March YTD low
Freemium Article

June 22, 2026 1:53 AM UTC

Turned up from retest of the 1.3160 March current year low as prices consolidate sharp losses last week

Chart EUR/USD Update: Consolidating above 1.1410 March current year low
Paying Article

June 22, 2026 1:36 AM UTC

Bounce from above support at the 1.1410 current year low of 13 March see prices settling into consolidation above 1.1450

Chart USD/JPY Update: Focus on the 161.80/95 highs
Paying Article

June 22, 2026 12:56 AM UTC

Settled back from fresh year high at 161.80 as prices consoldate above the 161.00 level

Chart NZD/USD Update: Still heavy, room to .5700/.5680 support
Paying Article

June 22, 2026 12:41 AM UTC

Break of the .5750/40 congestion and trendline support from the November low has seen losses to reach .5720 low

Chart AUD/USD Update: Still heavy, weighing on .7000/.6980 support
Paying Article

June 22, 2026 12:24 AM UTC

Little change, as prices extend consolidation at the .7000 figure but pressure remains on the downside

June 19, 2026

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CBR Extends Easing Cycle but Slows Pace Amid Global Inflation Risks
Paying Article

June 19, 2026 6:23 PM UTC

Bottom Line: Following 50 bps rate cut on April 24—driven by the disinflationary trend in H1— the Central Bank of Russia (CBR) extended its easing cycle on June 19. However, the bank opted for a smaller 25-basis-point reduction, lowering the key rate from 14.5% to 14.25% citing mounting global i

Chart USD/CAD Update: Fresh year highs
Freemium Article

June 19, 2026 3:38 PM UTC

Cautious trade has given way to fresh year highs

Chartbook: Chart GBP/USD: Pressuring strong support - room for lower in the coming weeks
Paying Article

June 19, 2026 3:28 PM UTC

Anticipated tests lower have bounced smartly from strong support at 1.3200 congestion/Fibonacci retracement

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