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
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 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
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
GBP/USD is currently at $1.3375 during the New York session on Monday, following a positive rebound from the early European low of $1.3300 — marking the lowest level for the pair in over five weeks. The movement toward $1.3380 indicates an approximate 80-pip increase from the day’s lowest point, largely influenced by a report stating … 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
USD/CAD maintains its stability as market participants anticipate the pivotal Trump-Xi summit. Trump and Xi are considering a reduction in tariffs on $30 billion worth of non-sensitive goods, while excluding items deemed essential for national security. The commodity-linked CAD is likely to experience depreciation as declining oil prices diminish demand for Canada’s principal export. USD/CAD … Read more