Freemium Content

May 27, 2026

North American Summary and Highlights 27 May

May 27, 2026 7:36 PM UTC

Overview - The USD was slightly firmer after the White House denied an Iranian report of a memo of understanding to reopen the Strait of Hormuz.

Chart USD/CAD Update: Strong resistance at the 1.3870 Fibonacci retracement

May 27, 2026 3:32 PM UTC

Cautious trade around 1.3800 has given way to a fresh push higher

EZ HICP Preview (Jun 2): Headline To Surge Again as Core Starts To Rise?

May 27, 2026 9:23 AM UTC

While somewhat important, the May flash HICP data is unlikely to have a material impact on ECB thinking, irrespective of whichever way it may surprise. Most likely the data will show a further and still largely energy driven rise of 0.4 ppt, matching the April gain, but now to a 32-mth high of 3.4

Chart GBP/USD Update: Room for lower

May 27, 2026 6:54 AM UTC

The pullback from congestion resistance at 1.3500 has reached support at 1.3450

May 26, 2026

North American Summary and Highlights 26 May

May 26, 2026 7:44 PM UTC

Overview - The USD saw some correction from weekend losses that followed rising hopes for Middle East peace, led by USD/JPY. EUR saw some support from comments by ECB’s Schnabel.

Chart USD/CAD Update: Cautious trade - background studies rising

May 26, 2026 4:19 PM UTC

Little change, as prices extend consolidation around strong resistance at 1.3800/10

CHP Leadership Crisis Threatens Disinflation Trajectory in Turkiye

May 26, 2026 11:20 AM UTC

Bottom Line: Political tensions remain high in Turkiye after the 36th Civil Chamber of the Ankara Regional Court of Justice annulled the opposition Republican People’s Party (CHP) 2023 leadership congress on May 21, 2026. The ruling removed elected CHP chairman Ozgur Ozel from his leadership posit

Chart GBP/USD Update: Leaning lower

May 26, 2026 7:25 AM UTC

The run to congestion resistance at 1.3500 has met sharp selling interest

Chart GBP/USD Update: Consolidating, room for higher later

May 26, 2026 1:43 AM UTC

Gains to the 1.3500 level has given way to consolidation as prices unwind overbought intraday studies

May 25, 2026

Chart GBP/USD Update: Extending gains

May 25, 2026 1:56 AM UTC

Strong opening above resistance at the 1.3450 congestion see prices extending bullish gains from the 1.3300 low of last week

May 22, 2026

North American Summary and Highlights 22 May

May 22, 2026 7:47 PM UTC

Overview - The USD was supported by comments from Fed’s Waller and higher Michigan CSI inflation expectations but ended little changed.

Chart USD/CAD Update: Extending May gains

May 22, 2026 3:15 PM UTC

Cautious trade is giving way to anticipated gains

This week's five highlights

May 22, 2026 11:00 AM UTC

April FOMC Minutes Hawkish concerns appear broadly felt
Cautious DXY trade
ECB Not the Only Game in Town
UK CPI Falls Broadly
UK Core Wage Pressures hit New Cycle -Low

Europe: Anti-Immigration Vs More Negative Demographics

May 22, 2026 8:12 AM UTC

A significant demographic tremor is gaining speed and breadth - globally. Just as politics – certainly in the west - is framed around ending or at least reducing and controlling immigration, it seems that the populists at the helm of such thinking are not considering the ramifications of such a

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

May 22, 2026 7:32 AM UTC

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

Chart GBP/USD Update: Extend consolidation below 1.3450

May 22, 2026 1:22 AM UTC

Little change, as prices extend consolidation below resistance at the 1.3450 congestion

May 21, 2026

North American Summary and Highlights 21 May

May 21, 2026 7:33 PM UTC

Overview - The USD was little changed though with some volatility on reports from the Middle East. GBP and EUR were resilient to weak PMI data.

Chart USD/CAD Update: Extending gains

May 21, 2026 3:44 PM UTC

Cautious trade above the 1.3730 recent lows has given way to anticipated gains

Eurozone: PMI Slump Shows Energy Surge Constraining Activity, Not Just Hitting Costs

May 21, 2026 8:36 AM UTC

Once again surprising on the downside flash Eurozone Composite PMI fell to 47.5 in May from 48.8 in April and below the 50.0 no-change mark for the second successive month. The latest reading thereby signalled a further and steeper m/m reduction in business activity, was the sharpest since October 2

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

May 21, 2026 7:22 AM UTC

Cautious trade has given way to a spike to 1.3460~

Chart GBP/USD Update: Back to pressure 1.3450 resistance

May 21, 2026 1:54 AM UTC

Bounce from the 1.3375 low has seen prices back to pressure resistance at the 1.3450 congestion

May 20, 2026

North American Summary and Highlights 20 May

May 20, 2026 7:32 PM UTC

Overview - The USD slipped on hopes for progress towards peace in the Middle East.

Chart USD/CAD Update: Choppy trade - studies rising

May 20, 2026 3:17 PM UTC

Still little change, as prices extend consolidation around resistance at the 1.3760 Fibonacci retracement

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

May 20, 2026 7:26 AM UTC

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

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

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