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June 11, 2026

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BoE Preview (Jun 18): Splits to Widen, But Stable Policy Outlook Intact
Freemium Article

June 11, 2026 10:26 AM UTC

Not only this month, but we see the BoE being on hold for the rest of the year with rate cuts then resuming through 2027.  Although markets are pricing just over two hikes from the current 3.75% with a 50%-plus probability of the first being delivered at the July 30 MPC meeting, our view is hardly

Chart GBP/USD Update: Range trade
Freemium Article

June 11, 2026 7:40 AM UTC

The anticipated test above congestion resistance at 1.3400 has been pushed back from 1.3425

Chart GBP/USD Update: Higher in consolidation from 1.3300 support
Freemium Article

June 11, 2026 1:56 AM UTC

Higher in consolidation following bounce above the 1.3300 support to retest resistance at 1.3400 congestion

June 10, 2026

North American Summary and Highlights 10 June
Freemium Article

June 10, 2026 7:56 PM UTC

Overview - The USD was slightly firmer with Middle East risk outweighing a softer than expected US core CPI.  

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FOMC Preview for June 17: Dropping the easing bias
Freemium Article

June 10, 2026 4:55 PM UTC

The FOMC meets on June 17 and while a change in the Fed Funds target range from the current 3.5-3.75% is unlikely, the statement is likely to drop the easing bias. The median dots are likely to get a little more hawkish with a hawkish skew in the detail, with inflation forecasts, even ex food and en

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Bank of Canada - On hold with balanced tone
Freemium Article

June 10, 2026 3:21 PM UTC

While recognizing that oil is around $10 per barrel higher than was assumed in its April Monetary Policy Report, the Bank of Canada left rates unchanged at 2.25% with a balanced tone to the statement. As long as core inflation does not start showing feed through from energy the BoC looks likely to a

Chart GBP/USD Update: Limited scope above 1.3400
Freemium Article

June 10, 2026 7:26 AM UTC

The test of congestion resistance at 1.3400 is giving way to anticipated consolidation

Chart GBP/USD Update: Extend bounce from 1.3300 support
Freemium Article

June 10, 2026 1:59 AM UTC

Extending bounce from above the 1.3300 support to reach resistance at 1.3400 congestion

June 09, 2026

North American Summary and Highlights 9 June
Freemium Article

June 9, 2026 7:41 PM UTC

Overview - The USD corrected early losses after Trump stated Iran had downed a US helicopter. 

Chart USD/CAD Update: Pressuring strong resistance at 1.3965/85
Freemium Article

June 9, 2026 4:17 PM UTC

Little change, as prices extend cautious trade beneath strong resistance at the 1.3965 current year high of 31 May

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Norges Bank Preview (Jun 18): Forecast Update the Key
Freemium Article

June 9, 2026 2:32 PM UTC

It may not have been a close call, but amid what were divided market expectations, the Norges Bank hiked afresh last month by 25 bp (to 4.25%), the first such move in two years.  Admittedly, it had given a clear pointer in March of at least one rate hike probable in subsequent next couple of months

Chart GBP/USD Update: Limited tests higher
Freemium Article

June 9, 2026 7:44 AM UTC

Sharp selling interest has all-but reached congestion support at 1.3300

Chart GBP/USD Update: Consolidating above 1.3300
Freemium Article

June 9, 2026 1:43 AM UTC

Steadied at 1.3305 low as prices consolidate losses from resistance at the 1.3485/1.3500 area

June 08, 2026

North American Summary and Highlights 8 June
Freemium Article

June 8, 2026 7:40 PM UTC

Overview - The USD came off its highs with oil, but remained mostly firm. 

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Preview: Due June 17 - U.S. May Retail Sales - Consumers vulnerable to a pull back
Freemium Article

June 8, 2026 1:28 PM UTC

 We expect May retail sales to increase by 0.3% both overall and ex autos, but with a 0.1% decline ex autos and gasoline, which would suggest that consumers are starting to pull back as elevated gasoline prices increasingly weigh on real disposable income. 

Chart GBP/USD Update: Consolidating above 1.3300
Freemium Article

June 8, 2026 2:04 AM UTC

Gapped lower to 1.3312 low before turning up to consolidate losses last week from the 1.3485 resistance

June 05, 2026

North American Summary and Highlights 5 June
Freemium Article

June 5, 2026 7:33 PM UTC

Overview - The USD advanced across the board on strong US employment data. Canadian employment also exceeded expectations. 

Chart USD/CAD Update: Approaching strong resistance at 1.3965/85
Freemium Article

June 5, 2026 3:48 PM UTC

Choppy trade around 1.3900 has given way to fresh gains

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Canada May Employment - Recent weakness largely erased, wages correct lower
Freemium Article

June 5, 2026 2:05 PM UTC

Canada’s May employment report keeps the series volatile, with a strong 87.8k bounce reducing unemployment to a four month low of 6.6%, from April’s 6-month high of 6.9%. This should ease any Bank of Canada worries over the weak Q1 GDP data which saw a second straight, if marginal, decline. The

This week's five highlights
Freemium Article

June 5, 2026 11:00 AM UTC

Geopolitical Tension Persists
U.S. May Non-Farm Payrolls still healthy
This Week's Fed Speakers
EZ Headline HICP Rise Capped by Food & Energy
More Controlled Yuan Appreciation

Chart GBP/USD Update: Consolidating
Freemium Article

June 5, 2026 7:31 AM UTC

Little change, as prices extend cautious trade within the 1.3400 - 1.3450 range

Chart GBP/USD Update: Range-bound, but still heavy
Freemium Article

June 5, 2026 1:59 AM UTC

Range-bound in consolidation above the 1.3400 support but pressure remains on the downside

June 04, 2026

North American Summary and Highlights 4 June
Freemium Article

June 4, 2026 7:47 PM UTC

Overview - The USD slipped in Europe but retraced most of its losses in North America. 

Chart USD/CAD Update: Extending May gains in CAD-driven trade
Freemium Article

June 4, 2026 3:50 PM UTC

The anticipated test of congestion resistance at 1.3900 has reached 1.3925

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Preview: Due June 5 - U.S. May Employment (Non-Farm Payrolls) - Slightly slower but still healthy
Freemium Article

June 4, 2026 1:26 PM UTC

We expect May’s non-farm payroll to rise by 85k overall and by 90k in the private sector, less strong than in March and April but still showing a healthy labor market given a lack of growth in the labor force, leaving unemployment at 4.3% for a third straight month. We expect a 0.3% rise in in ave

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