Most Liked

Greenland: U.S. Sphere of Influence or More?

January 7, 2026 8:05 AM UTC

· Trump will likely go for more pressure and then seek to negotiate with Denmark and Greenland. Denmark and Greenland already have mutual interests with the U.S. on security; minerals and Russia/China that are already covered by previous agreements and understandings. Trump would li

Russia’s Inflation is Expected to Continue to Soften in December

December 22, 2025 2:11 PM UTC

Bottom Line: After edging down to 6.6% in November, we expect Russian inflation to continue its decreasing pattern in December owing to lagged impacts of previous aggressive monetary tightening and relative resilience of RUB. December inflation figures will be announced on December 29, and we forese

Chart USD/IDR Updates: Settling back from 16975 record high

January 22, 2026 6:03 AM UTC

Settling back from fresh marginal high at 16975 as prices unwind overbought intraday and daily studies

Asia Summary and Highlights 22 Jan

January 22, 2026 5:49 AM UTC

Australian December 2025 unemployment rate 4.1%
JGB yields moderate across the curve

Chart USD/CNH Update: Edged up from 6.9500 low

January 22, 2026 5:47 AM UTC

Little change, as prices edged up from the 6.9500 level to consolidate at the 6.9600 level

USD/JPY flows: Yields continue to moderate

January 22, 2026 5:47 AM UTC

JGB yields moderate across the curve

Chart USD/INR Update: Sharply higher, but stretched

January 22, 2026 5:37 AM UTC

Rally above the 91.0000 figure and 91.0750 December high has seen sharp rally to reach fresh record high at 91.7425

FX Daily Strategy: Europe, January 22nd

January 22, 2026 4:28 AM UTC

Australia Headline Employment Beats
U.S. Q3 GDP still Marginally stronger
U.S. Personal Income and Spending Heading for gains
New Zealand CPI Remain Above Target Range

AUD/USD flows: Employment Beats

January 22, 2026 3:42 AM UTC

Australian December 2025 unemployment rate 4.1%

Chart USD/THB Update: Back in choppy trade above 31.00

January 22, 2026 3:14 AM UTC

No follow-through on break of the 31.00 level and bounce from the 30.88 low see prices unwinding oversold daily studies

Chart USD/KRW Update: Leaning lower in choppy trade

January 22, 2026 2:52 AM UTC

Lower in choppy trade following rejection from test of resistance at the 1480.00/1484.00 area

Chart USD/SGD Update: Consolidating, but still heavy

January 22, 2026 2:43 AM UTC

Steadied at the 1.2815 low as prices consolidate losses from the 1.2900 resistance and unwind oversold intraday studies

Chart GBP/USD Update: Consolidation gains

January 22, 2026 1:32 AM UTC

Lower in consolidation below resistance at the 1.3500 congestion as prices unwind overbought intraday studies

Chart EUR/USD Update: Lower in consolidation

January 22, 2026 1:24 AM UTC

Settled back from the 1.1768 high as prices unwind overbought intraday studies and consolidate strong gains from the 1.1576 low

Chart EUR/JPY Update: Consolidating at 185.00

January 22, 2026 1:05 AM UTC

Little change, as prices settled back from the 185.57 current year high to consolidate around the 185.00 level

Chart USD/JPY Update: Consolidating, lower later

January 22, 2026 12:40 AM UTC

Little change, as prices edged up from the 157.43 low to consolidate losses from the 159.45 high

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

January 22, 2026 12:27 AM UTC

No follow-through on break of the .5850 resistance as prices settled back from fresh high at .5866

Chart AUD/USD Update: Extending gains

January 22, 2026 12:20 AM UTC

Extend bounce above .6660 support to reach fresh high .6778 before settling back in consolidation

North American Summary and Highlights 21 Jan

January 21, 2026 8:46 PM UTC

Overview - Risk appetite related to Greenland bounced as Trump first stated he would not use force to acquire it and later backed off tariffs due on February 1. The USD picked up as risk appetite firmed.

U.S. Trump - Greenland TACO

January 21, 2026 7:47 PM UTC

Trump, after backing away from using force, has now backed off the tariffs threatened on eight European nations over Greenland, lifting bonds and equities further..

Chart USD/CAD Update: Reached 1.3800 - studies under pressure

January 21, 2026 4:57 PM UTC

The anticipated test of congestion support at 1.3800 has extended to 1.3785

Trump on Greenland and the Fed

January 21, 2026 4:12 PM UTC

Trump has provided some relief to markets by stating that he will not take Greenland by force, though his tone towards Europe remains hostile, suggesting that he will impose tariffs, which may receive a limited European response. Separately Trump stated he would announce a new Fed Chair soon.

FX Daily Strategy: Asia, January 22nd

January 21, 2026 4:00 PM UTC

Australia Headline Employment Chops
U.S. Q3 GDP still Marginally stronger
U.S. Personal Income and Spending Heading for gains
New Zealand CPI Remain Above Target Range

Preview: Due January 22 - U.S. Final (Second) Estimate Q3 GDP - Marginally stronger still

January 21, 2026 3:25 PM UTC

We expect a marginal upward revision to Q3 GDP to 4.4% from an already strong 4.3%. The only component we are expecting a revision to is inventories, on an upward revision to September retail inventories led by autos.

U.S. December Pending Home Sales - Four straight gains erased

January 21, 2026 3:14 PM UTC

Pending home sales have seen a surprising 9.3% decline in December, completely erasing four straight gains which led a recent acceleration in existing home sales.