USD/CAD experiences an upward movement as declining oil prices exert pressure on the commodity-linked Canadian Dollar. WTI declines as US Senator Marco Rubio highlighted indications of a potential US-Iran agreement, while Iranian officials recognised reduced differences. President Trump will officially appoint Kevin Warsh as the chair of the US Federal Reserve this Friday at the … Read more
GBP/USD is changing hands at $1.3423 in late Friday trade, May 22, 2026, with the major venues showing the pair walking through a remarkably narrow $1.3406 to $1.3445 band across the European and North American sessions. The intraday print exhibited a 24-pip range, with a peak at $1.3438 and a trough at $1.3414. This range … Read more
EUR/USD is currently at 1.1604 in mid-session Friday trade, May 22, 2026, reflecting a decline of approximately 0.15% for the day and poised to finish the week lower for the fourth consecutive session. The pair has been subtly declining beneath a descending trendline established from the early-May rejection at 1.1795, with intraday movements navigating through … Read more
In late Friday trading on May 22, 2026, USD/JPY is trading at 159.10, marginally higher on the day as the U.S. Dollar Index at 99.30 offers a slight 0.1% gain against the larger G10 complex. The pair has spent the past three trading sessions consolidating in a tight 158.65 to 159.35 band, which represents one … Read more
AUD/USD experiences a decline after the publication of weaker employment figures from Australia. Australia’s Unemployment Rate increased to 4.5% in April; concurrently, the Employment Change decreased by 18.6K jobs. Trump indicated that negotiations between the US and Iran are nearing completion, warning of potential military action within days should Iran decline his conditions. AUD/USD has … Read more
The pound is currently exhibiting a remarkable stability in the foreign exchange market, maintaining its position amidst the dynamic fluctuations occurring around it. GBP/USD (Cable) is currently positioned at $1.3406-$1.3445 across major venues, reflecting a decline of approximately 0.13%-0.20% during the session. This follows a peak near $1.3454 earlier and a rebound from Wednesday’s daily … Read more
The euro is behaving as anticipated by every desk the moment the Fed minutes were released on Wednesday afternoon: it is rolling, lacking any fundamental support to bolster its position. EUR/USD is currently positioned at $1.15906, reflecting a decline of 0.27%-0.28%. This movement follows a classic rejection at the resistance range of $1.1640-$1.1655 and a … Read more
The most asymmetric trade on the G10 board at this moment isn’t Cable, Euro, or Aussie – it’s USD/JPY positioned at the 159.00 handle, with the multi-decade 160 ceiling within a single percent move and the Ministry of Finance intervention zone looming closely. The pair is positioned at 158.90-159.00 across the major venues, maintaining a … Read more
The USD/CAD pair sees an appreciation as the commodity-sensitive Canadian Dollar encounters difficulties stemming from a minor drop in oil prices. WTI could potentially recover as Trump has issued threats to attack Iran in the coming days to expedite a resolution to the conflict. The US 30-Year Treasury Yield has decreased to 5.180%, following a … Read more
GBP/USD is currently at 1.34 on Wednesday, fluctuating within the 1.3392 to 1.3440 range following a session that saw traders caught between a weaker UK CPI report and fresh dollar selling driven by optimism surrounding the Iran deal. The pair reached a daily peak of 1.3437 before experiencing a slight pullback during the European afternoon. … Read more