U.S. May NAHB Homebuilders Index - Still little direction in trend

May 18, 2026 2:11 PM UTC

May’s NAHB homebuilders’ index of 37 has seen a stronger than expected correction from April’s dip to 34, but remains slightly below March’s index of 38 if level with those of January and February.

Chart EUR/JPY Update: Higher in range

May 18, 2026 1:24 PM UTC

Cautious trade has given way to a minor bounce back to resistance at 185.00

USD flows: Waiver allows some respite

May 18, 2026 1:01 PM UTC

Some respite on suggestions of US temporary waiver on Iran oil sanctions, before any final agreement
Mkt lifted by some US compromise and apparent responsiveness to fresh energy pressure
Day to day development swing too wildly to get carried away

Chart USD/RUB Update: Fresh year lows - prices remain under pressure

May 18, 2026 12:34 PM UTC

Anticipated losses have posted a fresh year low around 72.1100

Preview: Due May 19 - Canada April CPI - Stronger overall but with slower core rates

May 18, 2026 12:14 PM UTC

We expect April Canadian CPI to bounce to 2.9% yr/yr (2.94% before rounding) from 2.4% in March, most of the acceleration due to April 2025 having seen the abolition of a carbon tax, thus lowering the year ago base relative to March. We expect the Bank of Canada’s core rates to be on balance softe

Chart USD/ZAR Update: Consolidating gains - studies rising

May 18, 2026 11:30 AM UTC

Anticipated gains have met selling interest just beneath congestion resistance at 16.8000

Chart EUR/CAD Update: Room for lower

May 18, 2026 10:40 AM UTC

The anticipated break below 1.6000 has reached 1.59770~

Chart EUR/CHF Update: Leaning lower

May 18, 2026 9:56 AM UTC

Little change, as prices extend cautious trade above support at the 0.9125 Fibonacci retracement

Europe Summary and Highlights 18 May

May 18, 2026 9:51 AM UTC

Mkts take a breather after Fri moves, dollar pairs consolidate off support test
G7 underway, watching headlines but not expecting much 

FX Weekly Strategy: N America, May 18th-22nd

May 18, 2026 9:08 AM UTC

Breather on initial move but dollar squeeze could continue near-term
Popular trades forced into some profit-taking
Stretched risk trades face potential increased volatility

USD flows: Dollar/EM could be a near-term tell

May 18, 2026 9:02 AM UTC

Looking at dollar price action more broadly suggests it could become the dominant n/t driver
USD/regionals diverse but broadly weak, some becoming unstable
Profit-taking evident even in the strong relative shock / terms-of-trade thematic gainers

Chart USD/CHF Update: Consolidating gains

May 18, 2026 8:32 AM UTC

Anticipated gains have reached 0.7875

Chart EUR/GBP Update: Consolidating recent gains

May 18, 2026 8:24 AM UTC

The tests above congestion resistance at 0.8720 have given way to a pullback

Chart USD Index DXY Update: Consolidating gains

May 18, 2026 8:04 AM UTC

Anticipated gains have meeting selling interest around 99.40

Chart EUR/USD Update: Short-term consolidation

May 18, 2026 7:46 AM UTC

Anticipated losses are meeting short-covering just above congestion support at 1.1600

Psychology for major markets May 18

May 18, 2026 7:35 AM UTC

Government Yields Surge Stalled

Chart GBP/USD Update: Limited tests higher

May 18, 2026 7:34 AM UTC

Anticipated losses have reached congestion support at 1.3300

Chart EUR/AUD Update: Extend bounce from 1.6110 current year low

May 18, 2026 7:29 AM UTC

Turned up from 1.6110 current year low of last week as prices unwind oversold daily studies

AUD/USD flows: Spec positions super-stretched into pullback, GBP trimmed

May 18, 2026 7:25 AM UTC

IMM positions data showed mkt was stretched long AUD into pullback, albeit partly offset on cross
GBP shorts trimmed after positioning into anticipated political event
Overall, mkt was light dollars into any volatility pick up

Chart GBP/JPY Update: Consolidating, room for lower later

May 18, 2026 6:59 AM UTC

Limited on break of the 212.00 support but negative daily and weekly studies keep pressure on the downside

USD flows: Watching volatility, USD/EM, for pointers (DXY, AUD, EUR, GBP)

May 18, 2026 6:44 AM UTC

FX moves slow into various big figure correction levels, but USD squeeze remains the risk
Watching background pointers such as MOVE, USD/EM for broader risk aversion

AUD/USD flows: Broader Sentiment Sour

May 18, 2026 4:52 AM UTC

Broader Sentiment Sour

FX Weekly Strategy: Europe, May 18th-22nd

May 18, 2026 4:00 AM UTC

Dollar squeeze could continue near-term
Popular trades forced into some profit-taking
Stretched risk trades face potential increased volatility

USD/JPY flows: JGB Yields Jump Further

May 18, 2026 2:29 AM UTC

Fiscal Fear Drive Yields Higher