USD flows: USD to stay firm after solid PMI

May 21, 2026 2:10 PM UTC

US S&P PMI solid suggesting upside risks vs Europe

USD flows: USD firm as yields rise

May 21, 2026 1:15 PM UTC

USD firmer as yields rise and equities fall despite neutral data

USD, JPY, EUR, AUD flows: Uranium standoff rumbles on

May 21, 2026 10:48 AM UTC

Market prisoner to the headlines intraday
Latest has Iran pushback on enriched uranium. Hard line on both sides leaves deal unresolved. 

GBP, EUR flows: UK PMI Matches 2023 and 2025 low

May 21, 2026 8:38 AM UTC

EUR and GBP both holding up remarkably well despite very weak PMIs, but risks remain on the downside

EUR flows: Eurozone PMI lowest since November 2023

May 21, 2026 8:07 AM UTC

EUR vulnerable after weak PMI

EUR flows: Weak French PMI pulling EUR lower

May 21, 2026 7:53 AM UTC

EUR dipping after very weak French PMI

EUR/GBP, GBP/USD flows: BoE TSC cementing summer re-pricing

May 20, 2026 2:18 PM UTC

Comments so far from BoE TSC largely go with the grain of the summer wait and see
Mkt has priced back its overly aggressive hike odds for June-July

EUR/GBP, GBP/USD flows: CPI lower, but focus elsewhere

May 20, 2026 6:43 AM UTC

UK CPI below market showing core retreat, albeit stronger PPI highlighting Iran cost pressures
USD focus more of politics, geopolitics, yields and tech risk performance

USD flows: Waiver allows some respite

May 18, 2026 1:01 PM UTC

Some respite on suggestions of US temporary waiver on Iran oil sanctions, before any final agreement
Mkt lifted by some US compromise and apparent responsiveness to fresh energy pressure
Day to day development swing too wildly to get carried away

AUD/USD flows: Spec positions super-stretched into pullback, GBP trimmed

May 18, 2026 7:25 AM UTC

IMM positions data showed mkt was stretched long AUD into pullback, albeit partly offset on cross
GBP shorts trimmed after positioning into anticipated political event
Overall, mkt was light dollars into any volatility pick up

USD flows: more of the same from US data and shakeout (DXY, AUD, EUR, NOK)

May 15, 2026 1:25 PM UTC

US data shows strength on prices and activity, chipping away at dollar shorts
Backdrop remains skewed to stretched position reductions

USD flows: Feeling the stretch (DXY, AUD, EUR, GBP)

May 15, 2026 9:47 AM UTC

A clash of themes coming to a head as over-accelerating AI, risk and commodity complex trades run into ongoing Iran standoff and the mini dollar squeeze
The likes of AUD, semiconductors, Kospi, metals, have been overrunning m/t trends, not to maximum excess, but to degrees that are vulnerable to a lo

EUR/USD, GBP/USD flows: Streeting resignation no surprise, retail sales resilient

May 14, 2026 12:44 PM UTC

Streeting resigns, hopes Starmer falls on his sword
Retail sales resilient but around expectation
Mkt still struggling for traction

EUR/GBP, GBP/USD flows: Better Q1 GDP old news, more leadership positioning

May 14, 2026 6:45 AM UTC

Rayner announces HMRC 'all clear' ready to enter the fray, still waiting on the kick off
Mar GDP better end to UK Q1 but Q2 seen flagging
Risk rally and key US yields levels provide the broader backdrop

EUR/USD GBP/USD flows: PPI upside goes with the grain of cable slippage

May 13, 2026 12:48 PM UTC

Upside PPI prints see cable pressed through 1.35

EUR/GBP, GBP/USD flows: challenge still in the works?

May 13, 2026 11:10 AM UTC

Reports suggest imminent challenge still in the works

USD, CAD, JPY, EUR flows: USD slightly weaker except against CAD after employment data

May 8, 2026 1:07 PM UTC

Weak Canadina data hits CAD, US data modestly strong but USD weaker elsewhere

USD, JPY, EUR flows: USD slightly firm as US and Iran skirmish

May 8, 2026 6:16 AM UTC

Skirmishing between the uS and Iran overnight has had only a modest USD positive and risk negative impact so far, but...

USD flows: Little change on US data

May 7, 2026 1:05 PM UTC

US data slightly on the strong side, but little market impact

USD, JPY, EUR flows: Focus on US/Iran deal

May 7, 2026 6:24 AM UTC

Markets await Iran's response to teh US proposal to end hostilities. Market risks may be skewed towards a risk negative response after the moves of the last few days priced in a positive outcome

USD flows: USD little changed after ADP

May 6, 2026 12:28 PM UTC

ADP broadly in line with consensus. USD better bid after early European losses but underlying tone remains weak as long as risk sentiment remains positive. 

SEK, USD, JPY flows: SEK softer on weaker CPI, USD falls, JPY gains on suspected intervention

May 6, 2026 6:40 AM UTC

SEK dips as CPI comes out weaker than expected - further decline possible. USD generally softer on hopes of US/Iran deal. JPY surges on suspected intervention.

USD, JPY, AUD flows: Risk positive tone persists, US trade data much a expected

May 5, 2026 12:42 PM UTC

Riskier currencies continue to rally after early dip, JPY weakness remains

USD, JPY flows: JPY soft as risk recovers, but...

May 5, 2026 8:47 AM UTC

Riskier currencies rally after early dip, JPY weakness remains

USD flows: Shutdown postpones January non-farm payroll

February 2, 2026 6:26 PM UTC

While House Majority leader Johnson is still optimistic about getting the partial government shutdown resolved tomorrow (Tuesday), the Labor Department has no stated that the shutdown has already lasted long enough to  cause Friday’s non-farm payroll to be delayed.

USD flows: Shutdown politics and economic data

February 2, 2026 1:39 PM UTC

The US government is now in a partial shutdown which is expected to be resolved fairly soon, but probably only for two weeks. The December JOLTS report on labor turnover due on Tuesday February 3 may be delayed, but initial claims on Thursday February 5 and the key January non-farm payroll on Friday

USD flows: Repeat of reciprocal tariff sell off?

January 20, 2026 8:48 AM UTC

USD generally weaker as Greenland spat revives memories of USD sell off on reciprocal tariff announcement last April

GBP flows: Slightly firmer after labour market data

January 20, 2026 8:04 AM UTC

GBP up after broadly neutral labour market data

USD flows: USD buoyed by solid data

January 15, 2026 2:09 PM UTC

USD continues to gain on solid US data

GBP flows: GBP up on stronger than expected GDP

January 15, 2026 7:41 AM UTC

GBP up modestly after stronger than expected November GDP