FX Highlights

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May 22, 2026

This week's five highlights
Freemium Article

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 Summary and Highlights 22 May
Paying Article

May 22, 2026 9:56 AM UTC

Quiet session, GBP resilient despite weak UK retail sales

Asia Summary and Highlights 22 May
Paying Article

May 22, 2026 5:43 AM UTC

Japan April National Headline CPI 1.4% y/y

Asia Open
Paying Article

May 22, 2026 12:23 AM UTC

Talks between Iran and the United States are continuing through Pakistani intermediaries

May 21, 2026

North American Summary and Highlights 21 May
Freemium Article

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. 

Europe Summary and Highlights 21 May
Paying Article

May 21, 2026 9:51 AM UTC

EUR and GBP resilient despite weak PMIs

Asia Summary and Highlights 21 May
Paying Article

May 21, 2026 5:20 AM UTC

Australia unemployment jumps to 4.5%

May 20, 2026

North American Summary and Highlights 20 May
Freemium Article

May 20, 2026 7:32 PM UTC

Overview - The USD slipped on hopes for progress towards peace in the Middle East. 

Europe Summary and Highlights 20 May
Paying Article

May 20, 2026 9:36 AM UTC

UK CPI softer, but PPI firmer and focus elsewhere on future developments
Oil trims, but part of a wider holding pattern as mkt navigates more verbal noise than signal on Iran for now
Tech risk eyes Nvidia the next focus
US20yr auction an d Fed Minutes of interest for USTs

Asia Summary and Highlights 20 May
Paying Article

May 20, 2026 5:03 AM UTC

Trump says it will end very quickly again
Market expects Bank of Japan to change its bond purchase tapering in June

May 19, 2026

North American Summary and Highlights 19 May
Freemium Article

May 19, 2026 7:40 PM UTC

Overview - The USD remained firm supported by higher UST yields as Middle East risks persisted. 

Europe Summary and Highlights 19 May
Paying Article

May 19, 2026 10:44 AM UTC

Soft UK labour market data, gilt yields trim. GBP consolidates yesterday's position trimming bounce
Dollar remains propped amid uncertain backdrop, USD/JPY creeping higher into intervention zone

Asia Summary and Highlights 19 May
Paying Article

May 19, 2026 4:34 AM UTC

Japan Q1 GDP Beats

May 18, 2026

North American Summary and Highlights 18 May
Freemium Article

May 18, 2026 7:58 PM UTC

Overview - The USD was slightly softer with mixed headlines on Trump’s intentions regarding Iran causing some volatility. 

Europe Summary and Highlights 18 May
Paying Article

May 18, 2026 9:51 AM UTC

Mkts take a breather after Fri moves, dollar pairs consolidate off support test
G7 underway, watching headlines but not expecting much 

Asia Summary and Highlights 18 May
Paying Article

May 18, 2026 5:43 AM UTC

Broader Sentiment Sour

Asia Open
Paying Article

May 18, 2026 12:02 AM UTC

Trump threatens Iran with annihilation over stalled peace talks

May 15, 2026

North American Summary and Highlights 15 May
Freemium Article

May 15, 2026 7:24 PM UTC

Overview - The USD was firm supported by surging UST yields while equities came under pressure. 

This week's five highlights
Freemium Article

May 15, 2026 11:00 AM UTC

U.S. CPI Subdued and one-time strength in shelter
U.S. PPI Shows Strong picture restored 
Another U.S. Data
This Week's Fed Speakers
UK GDP Upside Surprises Continue

Europe Summary and Highlights 15 May
Paying Article

May 15, 2026 10:33 AM UTC

Trumps hawkish tone on Iran continues, overstretched risk markets feeling some gravity
Dollar continues squeeze, taking out some levels, adding to broader corrective action 

Asia Summary and Highlights 15 May
Paying Article

May 15, 2026 5:03 AM UTC

China foreign ministry says we should reopen Hormuz ASAP

May 14, 2026

North American Summary and Highlights 14 May
Freemium Article

May 14, 2026 7:38 PM UTC

Overview - The USD made some gains in North America while GBP slipped on political risk. 

Europe Summary and Highlights 14 May
Paying Article

May 14, 2026 10:00 AM UTC

Quiet session, US retail sales next focus

Asia Summary and Highlights 14 May
Paying Article

May 14, 2026 5:18 AM UTC

Xi is meeting with Trump

May 13, 2026

North American Summary and Highlights 13 May
Freemium Article

May 13, 2026 7:54 PM UTC

Overview - The USD was firmer but lost momentum in North America despite a strong US PPI. 

Europe Summary and Highlights 13 May
Paying Article

May 13, 2026 10:12 AM UTC

GBP and gilts steady as immediacy of PM challenge seen abating, even as long-term prospects remain doubtful
Dollar still nudging firmer, DXY and EUR/USD testing next levels
US-China talks kick off and key focus for rest of week

Asia Summary and Highlights 13 May
Paying Article

May 13, 2026 4:52 AM UTC

Australian Q1 wage price index bangs in estimate

Asia Open
Paying Article

May 13, 2026 12:14 AM UTC

Slow Start

May 12, 2026

North American Summary and Highlights 12 May
Freemium Article

May 12, 2026 7:46 PM UTC

Overview - The USD made modest gains on Middle East risks but came off its highs in late trade. 

Europe Summary and Highlights 12 May
Paying Article

May 12, 2026 10:04 AM UTC

GBP sold as pressure on Starmer ramps up, and gilts spike at open, though trim off support/resistance tests
Oil creeps higher as standoff rolls on, keeping dollar supported

Asia Summary and Highlights 12 May
Paying Article

May 12, 2026 5:29 AM UTC

Japan and U.S. reaffirm currency cooperation after Bessent's Tokyo talks
Iran is ready to dilute highly enriched uranium to levels of 3.7% and 20%
Trump said the ceasefire is "on life support"

May 11, 2026

North American Summary and Highlights 11 May
Freemium Article

May 11, 2026 7:48 PM UTC

Overview - In a quiet session the USD was little changed overall. 

Europe Summary and Highlights 11 May
Paying Article

May 11, 2026 10:29 AM UTC

Overnight moves faded as oil bounce trims, dollar back to pretty flat

Asia Summary and Highlights 11 May
Paying Article

May 11, 2026 5:21 AM UTC

Weekend headlines pessimistic

May 10, 2026

Asia Open
Paying Article

May 10, 2026 10:28 PM UTC

Iran dismisses Trump's nuclear talks

May 08, 2026

North American Summary and Highlights 8 May
Freemium Article

May 8, 2026 7:13 PM UTC

Overview - The USD was weaker in Europe and did not pick up after a stronger than expected US non-farm payroll. 

This week's five highlights
Freemium Article

May 8, 2026 11:00 AM UTC

Straits of Hormuz Scenarios
U.S. April Non-Farm Payrolls Not as strong as March
This Week's Fed Speakers
RBA's Last Hike for Now
Fresh Tightening Bias for Sweden Riksbank 

Europe Summary and Highlights 8 May
Paying Article

May 8, 2026 10:18 AM UTC

USD modestly weaker through European morning, NOK strong 

Asia Summary and Highlights 8 May
Paying Article

May 8, 2026 4:17 AM UTC

UAE says it is responding again to a missile threat
Japan Labor cash earnings rose 2.7% y/y

Asia Open
Paying Article

May 8, 2026 12:34 AM UTC

US trade court strikes down Trump's 10% global tariffs in 2-1 ruling
Iran and Israel report separately that hostility flare up has ended at present

May 07, 2026

North American Summary and Highlights 7 May
Freemium Article

May 7, 2026 7:44 PM UTC

Overview - The USD erased European losses and more in North America as Middle Eastern risk picked up again. 

Europe Summary and Highlights 7 May
Paying Article

May 7, 2026 10:09 AM UTC

USD modestly weaker through European morning, NOK strong on Norges Bank rate hike

Asia Summary and Highlights 7 May
Paying Article

May 7, 2026 5:44 AM UTC

Iran to deliver response to U.S. war-ending proposal via Pakistan mediators on Thursday 
Saudi base ban forced Trump to pause Strait of Hormuz shipping operation

May 06, 2026

North American Summary and Highlights 6 May
Freemium Article

May 6, 2026 7:53 PM UTC

Overview - The USD was generally weaker on Middle East peace hopes, but came off its lows in North America. 

Europe Summary and Highlights 6 May
Paying Article

May 6, 2026 10:28 AM UTC

USD modestly weaker through European morning as oil drops and equities gain

Asia Summary and Highlights 6 May
Paying Article

May 6, 2026 5:04 AM UTC

Australia to build A$10bn fuel reserve as Middle East crisis drives stockpile push
Potential Japan Intervention Again

Asia Open
Paying Article

May 6, 2026 12:08 AM UTC

Trump pauses Project Freedom 

May 05, 2026

North American Summary and Highlights 5 May
Freemium Article

May 5, 2026 7:23 PM UTC

Overview - Despite gains in USD/JPY, the USD was little changed overall. 

Asia Summary and Highlights 5 May
Paying Article

May 5, 2026 5:31 AM UTC

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

May 04, 2026

North American Summary and Highlights 4 May
Freemium Article

May 4, 2026 7:56 PM UTC

Overview - The USD picked up on escalating tensions in the Middle East.