Freemium Content

January 16, 2026

North American Summary and Highlights 16 Jan

January 16, 2026 5:31 PM UTC

Overview - The USD was lifted after Trump suggested Hassett would not be nominated for Fed Chair.

Chart USD/CAD Update: Extending pressure on 1.3900/20 - studies improving

January 16, 2026 4:54 PM UTC

Little change, as rising intraday studies keep near-term price action buoyant

Rupee Volatility Tests RBI, But Buffers Remain Strong

January 16, 2026 1:12 PM UTC

India’s forex reserves are under pressure from capital outflows and rupee weakness, but the system remains resilient. The RBI has room to manage volatility, backed by strong reserve buffers.

This week's five highlights

January 16, 2026 12:00 PM UTC

Trump being Trump
U.S. December CPI A Moderate rebound
U.S. Retail Sales and PPI not far from expectations
This Week's Fed Speakers
Japan Weighs Snap Election

Chart GBP/USD Update: Consolidating losses - room for still lower

January 16, 2026 8:38 AM UTC

The anticipated break below 1.3400 has given way to a bounce from above support at the 1.3350 congestion lows

Chart GBP/USD Update: Room to extend losses from 1.3568 high

January 16, 2026 2:04 AM UTC

Consolidation above support at the 1.3400/1.3390 area has given way to fresh selling pressure to extend losses from the 1.3568

January 15, 2026

North American Summary and Highlights 15 Jan

January 15, 2026 8:43 PM UTC

Overview - The USD was supported by stronger than expected US data, mainly against the European currencies.

Chart USD/CAD Update: Consolidating - studies improving

January 15, 2026 5:06 PM UTC

Cautious trade has given way to a test of resistance at 1.3900/20

South Africa Inflation Preview: Inflation is Expected to Hover Around 3.5% y/y in December

January 15, 2026 2:31 PM UTC

Bottom Line: After inflation decreased to 3.5% YoY in November, we foresee inflation will stand around 3.5% y/y in December supported by suspended power cuts (loadshedding), stronger Rand (ZAR), and decrease in inflation expectations. Lower international food prices and slightly elevated fuel costs

Chart GBP/USD Update: Cautious trade - studies leaning lower

January 15, 2026 8:28 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation around 1.3440

Chart GBP/USD Update: Extend consolidation within 1.3500/1.3400 range

January 15, 2026 1:22 AM UTC

Little change, as prices extend consolidation above the 1.3400/1.3390 support

January 14, 2026

North American Summary and Highlights 14 Jan

January 14, 2026 8:57 PM UTC

Overview - The USD saw some movement but was little changed at the end of the day.

Chart USD/CAD Update: Consolidating

January 14, 2026 5:05 PM UTC

Still little change, as prices extend cautious trade

U.S. Retail Sales and PPI over October and November not far from expectations

January 14, 2026 2:15 PM UTC

November retail sales with a rise of 0.6% are marginally stronger than expected but the data is close to expectations net of modest negative back month revisions. PPI has been released for both October and November, also net in line with expectations, with October on the firm side in the core rate f

Chart GBP/USD Update: Consolidating

January 14, 2026 8:35 AM UTC

The anticipated move towards congestion resistance at 1.3500 has met selling interest around 1.3495

Chart GBP/USD Update: Leaning lower in consolidation

January 14, 2026 1:47 AM UTC

Leaning lower in consolidation following rejection beneath the 1.3500 resistance

January 13, 2026

North American Summary and Highlights 13 Jan

January 13, 2026 8:44 PM UTC

Overview - The USD slipped on a softer than expected US core CPI but ended slightly firmer.

Chart USD/CAD Update: Cautious trade - more positive above 1.3900~

January 13, 2026 4:28 PM UTC

Little change, as prices extend cautious trade

U.S. December CPI - Moderate rebound from weak November leaves a subdued Q4

January 13, 2026 2:09 PM UTC

December’s CPI has come in slightly softer than expected, not showing a strong rebound from the weak 2-month change in November and thus leaving a subdued Q4. December CPI rise by 0.3% as expected but with the core rate weaker than expected at 0.2%, 0.24% before rounding. CPI ex food, energy and s

Chart GBP/USD Update: Consolidating - resistance at 1.3400

January 13, 2026 8:31 AM UTC

Little change, as prices extend consolidation following the bounce from congestion support at 1.3400

Chart GBP/USD Update: Higher in consolidation from 1.3390 low

January 13, 2026 1:47 AM UTC

Limited on break of the 1.3400 level as prices unwind oversold intraday studies and consolidate losses from the 1.3568 high of last week

January 12, 2026

North American Summary and Highlights 12 Jan

January 12, 2026 9:07 PM UTC

Overview - The USD was mostly slightly weaker after the announcement of a DoJ investigation into Fed Chair Powell, but USD/JPY saw renewed gains.

Chart USD/CAD Update: Consolidating recent gains

January 12, 2026 5:04 PM UTC

The anticipated break above resistance at 1.3900 has been pushed back from 1.3920 in both USD- and CAD-driven trade

Preview: Due January 13 - U.S. December CPI - Soft November probably understates true picture

January 12, 2026 1:22 PM UTC

We expect gains of 0.3% in both December overall and ex food and energy CPI, with the gains being close to 0.3% even before rounding. There is extra uncertainty over this release as it is unclear whether the surprisingly soft data for November, after a missing October, represented a slowing in trend

Chart GBP/USD Update: Higher in range

January 12, 2026 8:29 AM UTC

Consolidation above congestion support at 1.3400 has given way to a bounce