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North American Summary and Highlights 22 May
Freemium Article

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. 

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Europe: Anti-Immigration Vs More Negative Demographics
Freemium Article

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

FX Weekly Strategy: APAC, May 18th-22nd
Paying Article

May 15, 2026 4:32 PM UTC

Dollar squeeze could continue near-term
Popular trades forced into some profit-taking
Stretched risk trades face potential increased volatility

U.S. Fed's Collins - Expects restrictive policy for some time
Paying Article

May 13, 2026 3:57 PM UTC

Fed's Collins appears to be getting more hawkish as the energy shock persists.

FX Weekly Strategy: Asia, Jun 8-12
Paying Article

June 5, 2026 9:00 PM UTC

Dollar breaking higher on a number of pairs, US CPI next data of note
Fed repricing and tech adjustment could drag the likes of AUD/USD
ECB hike already 100% odds. Given 2 more hikes in the market, a lot priced in

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. 

Preview: Due June 16 - U.S. May Housing Starts and Permits - Slightly lower on volatile multiples
Paying Article

June 5, 2026 4:47 PM UTC

We look for May housing starts and permits to both see modest declines, with starts down by 2.4% to 1.43m and permits down by 0.2% to 1.42m. The detail is likely to see gains in the single family sector outweighed by corrections lower in multiples.

Chart USD/MXN Update: Sharp bounce
Paying Article

June 5, 2026 4:17 PM UTC

Cautious trade above support at 17.3000 has given way to a sharp USD-driven rally

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

FX Weekly Strategy: APAC, Jun 8-12
Paying Article

June 5, 2026 3:44 PM UTC

Dollar breaking higher on a number of pairs, US CPI next data of note
Fed repricing and tech adjustment could drag the likes of AUD/USD
ECB hike already 100% odds. Given 2 more hikes in the market, a lot priced in

U.S. Fed's Hammack - Reiterates view, steady for now, may need to act against inflation soon
Paying Article

June 5, 2026 3:28 PM UTC

Cleveland Fed President Hammack has reiterated a hawkish lean after the employment report. 

Preview: Due June 15 - U.S. May Industrial Production - Improvement in trend to continue
Paying Article

June 5, 2026 3:00 PM UTC

We expect a 0.4% increase in April industrial production with a 0.3% increase in manufacturing, the latter seeing a fifth straight gain to confirm a positive trend. 

Chart AUD/USD Update: Under pressure
Paying Article

June 5, 2026 2:09 PM UTC

Choppy trade has given way to fresh losses

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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

Chart EUR/JPY Update: Leaning lower
Paying Article

June 5, 2026 2:01 PM UTC

Choppy trade around congestion resistance at 186.00 is giving way to a pullback in EUR-driven trade

Chart USD/JPY Update: Choppy around 160.00 - studies improving
Paying Article

June 5, 2026 1:53 PM UTC

Still little change, as prices extend cautious/choppy trade around congestion resistance at 160.00

EUR/USD, AUD/USD flows: Toying with breaks
Paying Article

June 5, 2026 1:46 PM UTC

Pairs toying with some big figure range floor breaks again, as week comes to a close
Iran always the wild card, but may have better chance of sticking this time

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Inflation Increased to 32.6% y/y in May due to Surges in Energy Prices
Paying Article

June 5, 2026 1:26 PM UTC

Bottom line: Turkish Statistical Institute (TUIK) announced May inflation figures on June 5.  After hitting 32.4% annually in April, Turkiye’s inflation surged to 32.6% in May due to rising housing, water, electricity, gas and other fuel costs. We now assess Central Bank of Turkiye (CBRT) will

U.S. May Employment - Charts and table
Paying Article

June 5, 2026 1:23 PM UTC

Payroll remains firm, with the gains led by local government, leisure/hospitality and health. 

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U.S. May Employment - Surprise came from local government and leisure and hospitality
Paying Article

June 5, 2026 1:19 PM UTC

May’s non-farm payroll is significantly stronger than expected with a rise of 172k though the private sector was less impressive at 120k, if still healthy. Upward revisions to March and April add to the positive message.  In addition to government, leisure and hospitality with a 70k increase was

EUR/USD, USD/CAD flows: Strong payrolls data, with revisions
Paying Article

June 5, 2026 12:50 PM UTC

Strong report, especially with revisions, further lifts mkt's end-year Fed bets
Gives dollar a boost and something to think about

Chart USD/RUB Update: Consolidating gains
Paying Article

June 5, 2026 12:24 PM UTC

Anticipated gains have tested above congestion resistance at 74.0000, with prices reaching 74.6400 before settling lower into consolidation around 73.6500

Chart USD/ZAR Update: Range trade - background studies remain under pressure
Paying Article

June 5, 2026 11:39 AM UTC

Cautious trade has given way to a break higher

Chart EUR/CAD Update: Consolidating - background studies rising
Paying Article

June 5, 2026 11:18 AM UTC

Cautious trade around 1.6170 has given way to a pullback

EUR/USD flows: Lots to ponder into payrolls
Paying Article

June 5, 2026 11:13 AM UTC

Payrolls up next; recent data trend positive though May payrolls performance less so 
Comes at a time when policy uncertainty is very high over all the big questions

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