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May 20, 2026

USD/JPY, EUR/JPY flows: A compelling argument for the BoJ to surprise with aggressive Operation Twist
Paying Article

May 20, 2026 8:53 AM UTC

Argument that the current BoJ mix is not being rewarded. Indeed, its being punished as trilemma narrative takes hold
A rift on 'Operation Twist' offers a strong way forward - hike policy rates while reduce the aggressive taper
Could actually be both macro supportive and market savvy
Best version of the

Chart USD/CHF Update: Pushing higher
Paying Article

May 20, 2026 8:23 AM UTC

Cautious trade is giving way to anticipated gains

Chart EUR/GBP Update: Drifting lower
Paying Article

May 20, 2026 8:06 AM UTC

Little change, as mixed/negative intraday studies keep near-term sentiment cautious

Chart USD Index DXY Update: Pushing higher
Paying Article

May 20, 2026 7:56 AM UTC

Cautious trade has given way to a drift higher

Chart EUR/USD Update: Leaning lower
Paying Article

May 20, 2026 7:40 AM UTC

Cautious trade has given way to anticipated tests lower

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

May 20, 2026 7:26 AM UTC

Little change, as prices extend cautious trade just below congestion resistance at 1.3400

Chart GBP/JPY Update: Extend choppy trade above 210.40 low
Paying Article

May 20, 2026 6:47 AM UTC

Extending choppy trade from the 210.40 low as prices consolidate pullback from the 216.60 April current year high

EUR/GBP, GBP/USD flows: CPI lower, but focus elsewhere
Paying Article

May 20, 2026 6:43 AM UTC

UK CPI below market showing core retreat, albeit stronger PPI highlighting Iran cost pressures
USD focus more of politics, geopolitics, yields and tech risk performance

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UK CPI Review: Inflation Falls Broadly But A Calm Before the Storm?
Freemium Article

May 20, 2026 6:42 AM UTC

What are energy induced price rises are now very evident, even more so in the latest PPI data very much contrasting with the more benign picture in April’s more closely watched CPI figures. Thus, having seen headline CPI jump to 3.3% in March and where services rose to 4.5% on the back if what may

AUD/USD flows: No improvement of risk atmosphere
Paying Article

May 20, 2026 4:51 AM UTC

Trump briefed on Iran strike options after pausing attack

FX Daily Strategy: Europe, May 20th
Paying Article

May 20, 2026 4:36 AM UTC

Geopolitics Continue to Drive DXY
JPY Risk Further Losses
UK CPI Sedate For Now 

USD/JPY flows: Crying for the Wolf
Paying Article

May 20, 2026 2:34 AM UTC

Trump says it will end very quickly again
Market expects Bank of Japan to change its bond purchase tapering in June

Chart GBP/USD Update: Leaning lower in consolidation
Freemium Article

May 20, 2026 1:45 AM UTC

Settling back from the outside range high at 1.3450 as prices unwind overbought intraday studies

Chart EUR/USD Update: Under pressure
Paying Article

May 20, 2026 1:22 AM UTC

Consolidation has given way to fresh selling pressure to weigh on the support at the 1.1600 congestion

Chart EUR/JPY Update: Extend choppy trade beneath 185.45
Paying Article

May 20, 2026 12:59 AM UTC

No follow-through on break above the 185.00 level to leave resistance at the 185.45 high of 12 May unchallenged

May 19, 2026

Chart USD/CAD Update: Room for higher - studies improving
Freemium Article

May 19, 2026 3:40 PM UTC

Still little change, as prices extend pressure on resistance at the 1.3760 Fibonacci retracement

AUD/USD, EUR/USD flows: Figure breaks
Paying Article

May 19, 2026 3:02 PM UTC

Dollar remains on n/t rise as AUD and EUR dip through figure levels

FX Daily Strategy: Asia, May 20th
Paying Article

May 19, 2026 3:00 PM UTC

Geopolitics Continue to Drive DXY
JPY Risk Further Losses
UK CPI Sedate For Now 

Preview: Due May 28 - U.S. April New Home Sales - Trend has little direction
Paying Article

May 19, 2026 2:48 PM UTC

We expect an April new home sales total of 665k, which would be a decline of 2.5% in March’s 7.4% increase to 682k sees no revisions. Over the last three years, movements outside a 650-700k range have trended to be brief though November 2025 hit a high of 748k and January 2026 a low of 583k.

USD/JPY, EUR/USD flows: 20yr auction in focus Wed as UST losing hold
Paying Article

May 19, 2026 2:29 PM UTC

Event focus on Wednesday, including Nvidia earnings and US20yr auction
Latter comes as US long end is losing its grip of key ceiling levels, risking extension of selloff

U.S. April Pending Home Sales - Resilient to fading easing hopes
Paying Article

May 19, 2026 2:12 PM UTC

Pending home sales have seen a 1.4% increase in April, slightly above expectations,  a third straight rise and turning yr/yr growth positive at 3.2% for the first time since November.

Chart EUR/JPY Update: Consolidating - daily studies rising
Paying Article

May 19, 2026 1:16 PM UTC

Little change, as prices extend (choppy) trade beneath resistance at 185.00

USD/CAD flows: Weak Canada core CPI keeps trend up in 2026 range
Paying Article

May 19, 2026 1:14 PM UTC

Weak Canada CPI data (ignoring headline base effects), keeps BoC on the sidelines
Helps USD/CAD continue its daily trend up action in the 2026 range

Canada April CPI - Excluding energy inflation is falling
Paying Article

May 19, 2026 12:59 PM UTC

April Canadian CPI is clearly softer than expected, with the acceleration to 2.8% yr/yr from 2.5% due to a drop in the year ago base due to the abolition of the carbon tax. Current energy strength is being offset by weakness elsewhere. The Bank of Canada’s three core rates are all softer, with CPI

EUR/USD, DXY flows: BofA survey contrary indicator highlights risks
Paying Article

May 19, 2026 12:52 PM UTC

BofA survey suggested the market went all in in May
Contrary indicator suggesting s/t over-bullish, under-risked, and underweight dollars