Freemium Content

May 29, 2026

Chart USD/CAD Update: Choppy trade leaning lower

May 29, 2026 3:19 PM UTC

Choppy trade is giving way to a fresh test lower

Canada Q1 GDP details weak though preliminary estimate for April suggests a bounce in Q2

May 29, 2026 1:40 PM UTC

Canada’s Q1 GDP outcome of -0.1% annualized was significantly weaker than the 1.5% expected by the Bank of Canada and combined with surprisingly soft core CPI data for further damages the case for a BoC tightening in response to higher energy prices. Monthly data at -0.1% for March also disappoint

This week's five highlights

May 29, 2026 11:00 AM UTC

DM Government Bond Markets in Limbo
U.S. Consumers look vulnerable
This Week's Fed Speakers
Hawkish Split within RBNZ
ECB Not Willing to Look Through Energy Shock?

Chart GBP/USD Update: Consolidating - background studies under pressure

May 29, 2026 7:28 AM UTC

Consolidation above congestion support at 1.3400 has given way to a push higher to resistance at 1.3450

May 28, 2026

North American Summary and Highlights 28 May

May 28, 2026 7:44 PM UTC

Overview - The USD slipped on a report of a deal between the US and Iran, though Trump’s approval is still needed.

Chart USD/CAD Update: Sharp pullback from the 1.3870 Fibonacci retracement

May 28, 2026 4:07 PM UTC

The anticipated break above 1.3840 has met selling interest at the 1.3870 Fibonacci retracement

ECB April 30 Account: Not Willing to Look Through Energy Shock?

May 28, 2026 12:40 PM UTC

The Account of the April 30 ECB meeting offers few added clues with comments from Council member since more directly suggesting a precautionary if not pre-emptive 25 bp rate hike on June 11. As was case back then, markets are seeing two such moves by September and a strong probability of a third b

Chart GBP/USD Update: Studies turning down

May 28, 2026 7:26 AM UTC

Anticipated losses have tested below 1.3400 to reach 1.3365

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.