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. 

USD, JPY, EUR, AUD flows: USD still firm, PMIs in focus

May 21, 2026 6:35 AM UTC

USD remains well supported, AUD softer, EUR may be vulnerable on PMIs

USD flows: Draft agreement talk forces mkt to hedge

May 20, 2026 3:48 PM UTC

Al Arabiya News claim sees mkt forced to hedge
Many false dawns of course, but clearly the dominant focus now for the next few sessions

AUD/USD flows: No improvement of risk atmosphere

May 20, 2026 4:51 AM UTC

Trump briefed on Iran strike options after pausing attack

AUD/USD, EUR/USD flows: Figure breaks

May 19, 2026 3:02 PM UTC

Dollar remains on n/t rise as AUD and EUR dip through figure levels

AUD/USD flows: Sentiment Still Sour

May 19, 2026 4:22 AM UTC

Trump says good chance of Iran deal after Gulf states secure attack pause

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

USD flows: Dollar/EM could be a near-term tell

May 18, 2026 9:02 AM UTC

Looking at dollar price action more broadly suggests it could become the dominant n/t driver
USD/regionals diverse but broadly weak, some becoming unstable
Profit-taking evident even in the strong relative shock / terms-of-trade thematic gainers

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: Watching volatility, USD/EM, for pointers (DXY, AUD, EUR, GBP)

May 18, 2026 6:44 AM UTC

FX moves slow into various big figure correction levels, but USD squeeze remains the risk
Watching background pointers such as MOVE, USD/EM for broader risk aversion

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

USD flows: Bit of a dollar squeeze; stretched risk pullback

May 15, 2026 6:57 AM UTC

Dollar squeeze spreads after cable lead; stretched metals and risk mkt pull backs help broaden
Some s/t chart shifts seen, such as in NOK

AUD/USD flows: Market Sours

May 15, 2026 3:56 AM UTC

China foreign ministry says we should reopen Hormuz ASAP

EUR/USD, AUD/NZD, GBP flows: Positioning shows little net dollar hedge, Aussie cross stretched (IMM)

May 11, 2026 9:03 AM UTC

Mixed positioning, but market shows little USD hedge overall, still risks being the pain trade? Natural AUD/NZD positioning stretched

AUD/USD flows: Off to a Poor Start

May 11, 2026 1:29 AM UTC

Weekend headlines pessimistic

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: Mild USD bid as US and Iran skirmish

May 5, 2026 6:45 AM UTC

USD seeing modest bid as US and Iran skirmish with AUD slipping lower

AUD/USD flows: Last hike for now

May 5, 2026 5:23 AM UTC

The RBA March meeting hike rates to 4.35% on a 8-1 vote