EMEA Insights

June 19, 2026

CBR Extends Easing Cycle but Slows Pace Amid Global Inflation Risks

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

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

June 19, 2026 3:28 PM UTC

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

FX Weekly Strategy: Asia, Jun 22-26

June 19, 2026 3:00 PM 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 EUR/JPY Update: Choppy trade - studies under pressure

June 19, 2026 1:18 PM UTC

Little change, as prices extend choppy trade within the 184.50 - 185.00 range

Chart USD/ZAR Update: Edging higher

June 19, 2026 12:12 PM UTC

The bounce to 16.4000 has extended

Chart EUR/CAD Update: Early losses not sustained

June 19, 2026 11:36 AM UTC

Choppy trade around 1.6200 has given way to a sharp fall to 1.6160

Chart EUR/CHF Update: Higher in both EUR- and CHF-driven trade

June 19, 2026 11:18 AM UTC

Consolidation above support at 0.9200 has given way to a push higher in both EUR- and CHF-driven trade

This week's five highlights

June 19, 2026 11:00 AM UTC

FOMC Policy may prove less hawkish than the dots
BOE Gang of 6 and Steady 2026 Rates
BoJ Reached One Percent
SNB Holding Steady on Rates
Sweden Riksbank Mild Tightening Bias Persist

Chart USD/CHF Update: Consolidating run to fresh year highs

June 19, 2026 10:21 AM UTC

Anticipated gains have posted a fresh year high just beneath congestion resistance at 0.8100

Chart USD Index DXY Update: Turning away from fresh year high

June 19, 2026 9:57 AM UTC

The break above the 100.64 monthly high of 31 March has posted a fresh year high just beneath strong resistance at the 101.15 Fibonacci retracement

Chart EUR/GBP Update: Pullback from 0.8680

June 19, 2026 9:46 AM UTC

The anticipated test of congestion resistance at 0.8680 has given way to the expected pullback

Europe Summary and Highlights 19 Jun

June 19, 2026 9:42 AM UTC

Dollar backs off resistance tests, consolidating into w/e, US holiday
Oil takes talks delay in stride

Chart EUR/USD Update: Smart bounce, but gains to remain limited

June 19, 2026 9:37 AM UTC

The break below 1.1450 has bounced smartly from just above strong support at the 1.1410 current year low of 13 Mar, with prices once again trading above 1.1450

Chart GBP/USD Update: Corrective gains to remain limited

June 19, 2026 9:20 AM UTC

The anticipated break below 1.3200 has bounced smartly from strong support at the 1.3160~ current year low of 31 March

FX Daily Strategy: N America, Jun 19th

June 19, 2026 9:09 AM UTC

Market Focus Stays in Middle East
Japan national CPI Remains Compressed
USD/JPY Consolidating, Tilted Higher

Psychology for major markets June 19

June 19, 2026 7:37 AM UTC

Vance cancels trip for Iran talks

EUR/USD, USD/JPY, EUR/GBP flows: Dollar still supported, Japan policy options still in focus

June 19, 2026 7:13 AM UTC

Hawkish Japan comments at major yen lows, rates and intervention in frame
Hiccups on Iran talks uncomfortable though not unexpected
Burnham wins, data underscores fiscal realities

Brazil: Slowing Pace of Cuts and BRL Strength

June 19, 2026 6:55 AM UTC

· Brazil cut the SELIC by 25bps to 14.25%, but received critiques from the market by raising end 2027 CPI inflation from 3.5% to 3.7% and talking about Q1 2028 in the relevant policy horizon. We feel that BCB still wants to leave the door open to further cuts in 2026, given how restrict

Chartbook: Chart AUD/USD: Lower in consolidation from .7280 fresh year high

June 19, 2026 6:37 AM UTC

Consolidation below the .7200 level gave way to fresh gains from the .6830 low to reach fresh high at .7280

AUD/USD flows: Geneva talks cancelled

June 19, 2026 5:21 AM UTC

Geneva talks cancelled

FX Daily Strategy: Europe, Jun 19th

June 19, 2026 4:29 AM UTC

Market Focus Stays in Middle East
National CPI Remain Compressed
USD/JPY Consolidating, Tilted Higher

Chart GBP/USD Update: Extending sharp losses

June 19, 2026 2:11 AM UTC

Sharp losses has reach the 1.3200 level but pressure remains on the downside and see room to retest the 1.3160, March current year low

Chart EUR/USD Update: Consolidating at 1.1450 congestion

June 19, 2026 1:50 AM UTC

Break of the 1.1500 support further extend losses from the 1.1620 Monday's high to reach 1.1450 congestion

Chart EUR/JPY Update: Room to extend losses

June 19, 2026 1:20 AM UTC

Rejection from the 186.30 high has seen extension below the 185.00 level to reach 184.30 low