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
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
EUR/USD is currently trading at 1.1632, having reached an intraday low of 1.1582 — the lowest level since April 7 — and has managed to recover above the 1.1600 psychological level as the European afternoon progresses. The bounce appears to be driven by mechanical factors rather than strong conviction: softer US Treasury yields are alleviating … Read more
USD/JPY is currently positioned at 159.00 during European trading on Wednesday, remaining just a hair’s breadth away from the 12-day peak of 159.25 reached in the previous session, as the seven-day winning streak finally takes a pause. The pair has recovered approximately 400 pips from the May 6 swing low at 155.04, surged past all … Read more
The US dollar experienced a modest rally in the initial phase of Monday’s trading session; however, it appears to be encountering some difficulty maintaining its position above the 1.3750 threshold. This marks the conclusion of a significant resistance range that warrants careful observation. Should the USD/CAD pair maintain its upward trajectory, a test of the … Read more
The pound is experiencing a significant decline, following a classic pattern, compelling every G10 desk to reassess their cable strategy from the fundamentals. GBP/USD is currently at 1.3392 in the New York session on Tuesday, May 19, 2026, reflecting a decline of 0.31% intraday after reaching a session high of 1.3437 and subsequently falling below … Read more
The single-currency pair has experienced a steady decline over the past four sessions, indicating a structural issue rather than a tactical one. Tuesday morning’s print at 1.1635 reinforces the breakdown thesis that has been developing since the 1.1655 Double Top was breached. EUR/USD is currently down 0.18% during the European session on May 19, 2026. … Read more
The carry-trade poster child finds itself once again in a precarious position, compelling every G10 currency desk to face the same unsettling calculations: USD/JPY is inching closer to the 160.00 psychological threshold, a level where the Bank of Japan took decisive action in the spring, and the current macroeconomic landscape offers no indication that the … Read more
The Australian Dollar continues to experience losses as China’s Retail Sales showed a modest increase of 0.2% year-over-year in April, falling short of the anticipated 2.0% and the previous 1.7% figure. Fed officials emphasized the importance of controlling inflation, indicating that additional interest rate hikes may be required if price pressures continue to be a … Read more
The USD/JPY pair is experiencing an upward movement as market participants anticipate a more assertive approach from the Federal Reserve in combating inflation. The CME FedWatch tool indicates that the markets now perceive a 48% likelihood of a rate hike in December, a significant increase from the 14% observed last week. Japan’s producer inflation is … Read more
