Chart USD/CAD Update: Extending gains

June 19, 2025 3:18 PM UTC

The anticipated break above 1.3700 has reached 1.3745

BoE Review : Labour Market Softness Triggers a Dovish Hold

June 19, 2025 11:51 AM UTC

A stable BoE policy decision was always the most likely (Bank Rate staying at 4.25%) as the MPC discussed its two alternative scenarios still, but possibly where hawks have been forced into diluting what were previous concerns about a ‘tight’ labor market.  In fact, partly based on what was see

Chart GBP/USD Update: Under pressure

June 19, 2025 7:28 AM UTC

Minor gains have met renewed selling interest around 1.3475

Brazil: Last Hike And Then Long Hold

June 19, 2025 6:33 AM UTC

Though the BCB surprised and hiked by 25bps to 15%, the statement signalled that policy will now go on hold for a very long period.  Some economists feel that by year-end, that the BCB will be confident enough to move from very restrictive to restrictive and lower the SELIC rate.  We would suspect

Chart GBP/USD Update: Under pressure, weighing on 1.3435/00 support

June 19, 2025 1:54 AM UTC

Extending break of the 1.3500/1.3455 support to pressure strong support at the 1.3435/00 area

Chart GBP/USD Update: Extending pullback from 1.3632 high

June 18, 2025 2:01 AM UTC

Turned down from the 1.3632 high to break the wedge pattern and the 1.3500/1.3455 support

U.S. May Retail Sales - Two straight declines as confidence slides

June 17, 2025 12:50 PM UTC

May retail sales with a 0.9% decline are slightly weaker than expected. The ex auto data at -0.3% and ex auto and gas at -0.1% are negative too, though the control group which contributes to GDP was resilient with a 0.4% rise. 

BoJ Preview: Little Cues Expected

June 17, 2025 12:19 AM UTC

The BoJ will keep rates unchanged at 0.5% in the June 17th meeting with anticipation for another two year plan on bond purchase tapering 

Preview: Due June 17 - U.S. May Retail Sales - Autos to correct lower, underlying momentum subdued

June 16, 2025 12:07 PM UTC

We expect a 0.7% decline in May retail sales as auto sales show a sharp reversal from recent strength. Ex autos we expect a subdued 0.1% increase, with a 0.2% rise ex autos and gasoline. Both of these outcomes would match those of April.

North American Summary and Highlights 13 Jun

June 13, 2025 7:56 PM UTC

Overview - North America saw the USD correct from gains in Asia and North America, though the correction lost momentum after an Iranian retaliatory attack on Israel.