North American Summary and Highlights 21 May

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. 

FX Daily Strategy: Asia, May 22nd

May 21, 2026 3:00 PM UTC

Japan National CPI Likely Shielded from Shock Now
And its impact on JPY Muted
DXY Remain Supported By Uncertainty

Europe Summary and Highlights 21 May

May 21, 2026 9:51 AM UTC

EUR and GBP resilient despite weak PMIs

FX Daily Strategy: N America, May 21st

May 21, 2026 9:00 AM UTC

Eying risk and bonds out of Nvidia, auction and Minutes
Big picture, have some seen re-pricings within established ranges (EUR/USD 1.15-1.20 give or take)
Need to see more decisive developments on Iran and/or asset volatility to be making new strides
Global PMI data in focus 

Psychology for major markets May 21

May 21, 2026 8:57 AM UTC

Pakistan army chief's reported visit to Iran stirs up murmurs about an agreement

Asia Summary and Highlights 21 May

May 21, 2026 5:20 AM UTC

Australia unemployment jumps to 4.5%

FX Daily Strategy: Asia, May 21st

May 20, 2026 9:00 PM UTC

Eying risk and bonds out of Nvidia, auction and Minutes
Big picture, have some seen re-pricings within established ranges (EUR/USD 1.15-1.20 give or take)
Need to see more decisive developments on Iran and/or asset volatility to be making new strides
Global PMI data in focus 

North American Summary and Highlights 20 May

May 20, 2026 7:32 PM UTC

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

FX Daily Strategy: APAC, May 21st

May 20, 2026 3:04 PM UTC

Eying risk and bonds out of Nvidia, auction and Minutes
Big picture, have some seen re-pricings within established ranges (EUR/USD 1.15-1.20 give or take)
Need to see more decisive developments on Iran and/or asset volatility to be making new strides
Global PMI data in focus 

Psychology for major markets May 20

May 20, 2026 9:36 AM UTC

No Geopolitical Break/Through

Europe Summary and Highlights 20 May

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

FX Daily Strategy: N America, May 20th

May 20, 2026 9:06 AM UTC

Geopolitics Continue to Drive DXY
JPY Risk Further Losses
UK CPI Sedate For Now 

Asia Summary and Highlights 20 May

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

FX Daily Strategy: Europe, May 20th

May 20, 2026 4:36 AM UTC

Geopolitics Continue to Drive DXY
JPY Risk Further Losses
UK CPI Sedate For Now 

North American Summary and Highlights 19 May

May 19, 2026 7:40 PM UTC

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

FX Daily Strategy: Asia, May 20th

May 19, 2026 3:00 PM UTC

Geopolitics Continue to Drive DXY
JPY Risk Further Losses
UK CPI Sedate For Now 

Europe Summary and Highlights 19 May

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

FX Daily Strategy: N America, May 19th

May 19, 2026 9:14 AM UTC

Erratic Iran headlines continues, glass half full and empty reads
Stretched positioning still dominates, keeping dollar propped
Oil still sets the tone, but along with other areas of risk build up
UK labour market soft, favouring BoE caution; Burnham reassures
Canada CPI likewise seen implying little im

Psychology for major markets May 19

May 19, 2026 7:22 AM UTC

No Geopolitical Progress Kept Yields High

Asia Summary and Highlights 19 May

May 19, 2026 4:34 AM UTC

Japan Q1 GDP Beats

FX Daily Strategy: Asia, May 19th

May 18, 2026 9:00 PM UTC

Some better Iran headlines help mkt work off o/s moves, but not getting carried away
Bar clear positive news, stretched positioning still dominates providing capping
Oil still sets the tone, but along with other areas of risk build up
UK has labour market data, Canada CPI, neither seen implying pressur

North American Summary and Highlights 18 May

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. 

FX Daily Strategy: APAC, May 19th

May 18, 2026 3:29 PM UTC

Some better Iran headlines help mkt work off o/s moves, but not getting carried away
Bar clear positive news, stretched positioning still dominates providing capping
Oil still sets the tone, but along with other areas of risk build up
UK has labour market data, Canada CPI, neither seen implying pressur

Europe Summary and Highlights 18 May

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 

FX Weekly Strategy: N America, May 18th-22nd

May 18, 2026 9:08 AM UTC

Breather on initial move but dollar squeeze could continue near-term
Popular trades forced into some profit-taking
Stretched risk trades face potential increased volatility

Psychology for major markets May 18

May 18, 2026 7:35 AM UTC

Government Yields Surge Stalled

Asia Summary and Highlights 18 May

May 18, 2026 5:43 AM UTC

Broader Sentiment Sour

FX Weekly Strategy: Europe, May 18th-22nd

May 18, 2026 4:00 AM UTC

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

FX Weekly Strategy: Asia, May 18th-22nd

May 15, 2026 9:00 PM UTC

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

North American Summary and Highlights 15 May

May 15, 2026 7:24 PM UTC

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

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

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

Europe Summary and Highlights 15 May

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 

FX Daily Strategy: N America, May 15th

May 15, 2026 10:25 AM UTC

Geopolitical Picture Determines DXY Direction
U.S. April Industrial Production Restoring an improvement in trend
USD/JPY Higher to approach 158.00 resistance

Psychology for major markets May 15

May 15, 2026 8:08 AM UTC

Nothing Much From Trump-Xi Meet

Asia Summary and Highlights 15 May

May 15, 2026 5:03 AM UTC

China foreign ministry says we should reopen Hormuz ASAP

FX Daily Strategy: Europe, May 15th

May 15, 2026 4:13 AM UTC

Geopolitical Picture Determines DXY Direction
U.S. April Industrial Production Restoring an improvement in trend
USD/JPY Higher to approach 158.00 resistance

North American Summary and Highlights 14 May

May 14, 2026 7:38 PM UTC

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

FX Daily Strategy: Asia, May 15th

May 14, 2026 3:00 PM UTC

Geopolitical Picture Determines DXY Direction
U.S. April Industrial Production Restoring an improvement in trend
USD/JPY Higher to approach 158.00 resistance

Europe Summary and Highlights 14 May

May 14, 2026 10:00 AM UTC

Quiet session, US retail sales next focus

FX Daily Strategy: N America, May 14th

May 14, 2026 9:15 AM UTC

US retail sales to underscore comparative US resilience
Dollar juggles macro divergence meets reaction function divergence?
UK waits to see if PM challenge unfolds and how the machinations play out for likely winner

Psychology for major markets May 14

May 14, 2026 7:58 AM UTC

Quiet Thursday

Asia Summary and Highlights 14 May

May 14, 2026 5:18 AM UTC

Xi is meeting with Trump