Live feed of curated stories, sponsored placements, and editorial coverage from across the forex ecosystem.
High yield 5.122% WI level at the time of the auction 5.122% Tail 0.0 basis points Bid to cover 2.55X Directs 22.94% Indirects 67.67% Dealers 9.39% The dealer takedown was less than the 6-month average of 11.1%. The Bid to cover was a little lower than the ave
A Reuters article is making the rounds saying that a June rate hike is "nearly sealed" ECB officials see a June rate hike as nearly certain, with persistent high energy costs keeping inflation pressures elevated. The ECB is likely to avoid committing to a July
Bank of England Governor Andrew Bailey signaled that rising market borrowing costs are helping tighten financial conditions naturally, reducing pressure for immediate additional policy action from the central bank. Testifying before lawmakers on today, Bailey
Risk sentiment stabilized somewhat today as Brent crude eased back below $109 and US equity futures pointed to a modest recovery at the open. Still, the broader market mood remains tense as investors continue grappling with elevated global bond yields and pers
EUR/USD’s fall from 1.1848 resumed after brief consolidations. Intraday bias is back on the downside. As noted before, rebound from 1.1408 could have completed as a corrective three-wave move. Deeper fall should be seen to retest 1.1408 low. For now, risk will
Intraday bias in USD/JPY is turned neutral first with current retreat. Above 159.24 will target 160.71 high. Strong resistance is expected from there to start the third leg of the near term corrective pattern. On the downside, break of 157.30 support will turn
Intraday bias in GBP/USD remains neutral at this point, and some more consolidations could be seen first. Further fall is expected as long as 55 4H EMA (now at 1.3454) holds. Below 1.3300 will target a retest on 1.3158 support first. However, sustained break o
Intraday bias in USD/CHF remains on the upside as rise from 0.7760 is in progress. Firm break of 0.7823 resistance will argue that fall from 0.8041 has completed as a three wave correction, and bring further rise to retest this high. On the downside, below 0.7
AUD/USD dipped to 0.7076 but quickly recovered. Intraday bias stays neutral first. On the upside, above 0.7183 minor resistance will suggest that pullback from 0.7277 has completed. Intraday bias will be back on the upside for retesting this high. However, dec
No change in USD/CAD’s outlook and intraday bias stays mildly on the upside. Rebound from 1.3549 is seen as the third leg of the corrective pattern from 1.3480. Further rise would be seen towards 1.3965 resistance. On the downside, below 1.3729 minor support w
Intraday bias in GBP/JPY remains neutral as range trading continues. Consolidations from 210.43 is extending with another rising leg. On the downside, firm break of 210.43 will resume the corrective fall from 21658. However, sustained break of 214.40 will brin
Range trading continues in EUR/JPY and intraday bias remains neutral. . As noted before, pullback from 187.93 could have completed at 182.01 already. Further rise is in favor as long as 184.02 minor support holds. Above 185.44 will target a retest on 187.93 hi
Range trading continues in EUR/GBP and intraday bias stays neutral. On the upside, decisive break of 0.8740 should pave the way through 0.8788 to retest 0.8863 high. Meanwhile, firm break of 0.8610 will revive the case of bearish trend reversal. In the bigger
Intraday bias in EUR/AUD is turned neutral first with current retreat. Risk is mildly on the upside as long as 1.6108 support holds. Rise from there is seen as the third leg of the corrective pattern from 1.6125. Above 1.6381 will target 55 D EMA (now at 1.645
Intraday bias in EUR/CHF is turned neutral first with current recovery On the downside, below 0.9130 temporary low will extend the corrective fall from 0.9264 to 61.8% retracement of 0.8979 to 0.9264 at 0.9088. On the upside, however, break of 0.9174 will turn
AUD/USD failed to stay in a positive zone and declined below 0.7150. NZD/USD is also moving lower and might extend losses below 0.5800. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a fresh decline from well above 0.7200
Headlines: A steadier mood as we get into European trading, still no US-Iran breakthrough yet EUR/USD continues its run lower amid increasing Fed hike bets, surging Treasury yields Gold extends the losses as Fed rate hike risks increase amid prolonged US-Iran
Rising Treasury yields are drawing capital away from equities and into the dollar. Verbal interventions and expectations of a BoJ rate hike have supported the yen. The US dollar is gaining ground on the back of increasingly hawkish expectations for the Fed’s r
Eurozone inflation accelerated in April as rising energy prices pushed headline CPI higher, though underlying core inflation pressures eased modestly. Final data showed Eurozone CPI rose from 2.6% yoy to 3.0% yoy. Core CPI, excluding energy, food, alcohol and
CPI +3.0% vs +3.0% y/y prelim Prior +2.6% Core CPI +2.2% vs +2.2% y/y prelim Prior +2.3% Services inflation continues to be the main sticking point, but is at least seen easing to 3.0% in April (previously 3.3%). Meanwhile, food price inflation is still keepin
EUR/USD slipped to 1.1598 on Wednesday, keeping the pair at its lowest level in six weeks. The US dollar is supported by the escalating conflict between the US and Iran, which is increasing inflationary risks and raising expectations of potential Federal Reser
AUD/USD is pulling back from local highs, while USD/CAD continues to recover amid a stronger US dollar and ahead of the release of the Federal Reserve minutes. Following an extended rally, commodity-linked currencies have entered a corrective phase, although t
It's still early in the day and even if we are seeing risk trades keep steadier, the overall market mood is more tepid at best. Major indices in Europe are starting the day with just minor losses while S&P 500 futures are seen up 0.2%. It's not hinting at much
In focus today In the US, the minutes from FOMC’s April meeting will be released tonight. Markets are looking for further forward-looking views after the divided rate decision. We will also keep an eye out for forward guidance on the Fed’s balance sheet operat
UK inflation slowed more sharply than expected in April, offering the Bank of England some near-term relief as both headline and core price pressures cooled to multi-year lows. Headline CPI decelerated from 3.3% yoy to 2.8% yoy, below expectations of 3.0% yoy
It’s the same story, different day. Trump yesterday first called off an attack on Iran, then said he would resume strikes if they can’t agree on a deal. NATO said it could help secure shipping routes around the Strait of Hormuz if disruptions persist into earl
As the broader market focus stays on the fallout from the Middle East crisis, it is easy to expect inflation to keep running up on the back of higher energy prices. But as we look to the UK CPI report later, the expectation is for price pressures to ease in Ap
Samsung Electronics union to strike Thursday after South Korea mediation talks collapse Citi bull case Brent hitting $150 near term as oil markets under-price disruption risk Oil slips a little on Trump peace talk but supply fears keep prices elevated EU strik
Key Takeaways Surging global bond yields intensified pressure on equity markets as the US 30-year Treasury yield approached the critical 5.20% level, reinforcing fears that the Federal Reserve may shift toward future rate hikes instead of cuts. Markets are hig
Key Highlights Gold started a fresh decline below the $4,600 support. A major bearish trend line is forming with resistance at $4,660 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. EUR/USD could continue to move down toward 1.1550
This week, US 10-year Treasury yield has surged through its March-April range in a violent breakout that has pushed yields to fresh 52-week highs and their highest levels since early 2025. This is not just another inflation scare. Markets are beginning to repr
The People’s Bank of China left its benchmark lending rates unchanged in May, extending its policy pause to a full year as authorities signaled little urgency to deliver additional monetary easing despite slowing domestic momentum. The 1-year loan prime rate w
Philadelphia Fed President Anna Paulson signaled support for keeping interest rates steady while also validating market expectations that rates could remain elevated for much longer than previously anticipated. Speaking on Tuesday, Paulson also welcomed the re
Silver, Gold, and other metals completely faked out to the upside in the past week and are now suffering from their weak tops. Long yields are exploding, and this adds further pressure to the non-yielding precious commodities. Intraday timeframe analysis for X
The US Dollar is back on a strong path higher since last week, already looking to erase some of its April softness. Kevin Warsh was confirmed as the next Federal Reserve Chairman after a lengthy, unpredictable political process and financial markets are alread
After their ceaseless rally, semiconductors and Mag 7s are pulling back, imposing a stop in stock market euphoria. Feeling the pressure of the spike in yields, the Warsh trade could prove more dangerous for overextended tech-heavy stock markets. Exploring tech
The dollar regained traction on Tuesday, after significant drop previous day and attacks again key barriers at $99.20/30 (Fibo 61.8% of 100.48/$97.40 descend / daily Ichimoku cloud top) where the action was repeatedly capped in past two sessions. Persisting un
Pres. Trump is speaking on many topics: We may have to give Iran another hit, not sure Was hours from attacking Iran Iran is begging to make a deal. Don't know about changing the regime in Cuba. Cuba really needs help Everyone tells me that the Iran war is unp
After a long period of calm, volatility has returned to the silver market. Silver surged to a two-month high, rallying more than 20% from its May lows in just a week. However, concerns over tighter monetary policy and rising bond yields have since put pressure
Rumours of talks with Iran have caused the USD index to retreat. The pound has recouped some of its losses thanks to Labour’s intention to stick to the rules. The US dollar has retreated following Donald Trump’s statement that he was postponing the resumption
Markets The US 30-yr yield today broke key resistance at 5.15%/5.17% (respective tops of 2025 and 2023) to currently trade at the highest level since 2007. The 5.5% area is the next technical reference on the chart. It’s where the top levels of 2003, 2004 and
Headline CPI inflation jumped up to 2.8% year-on-year (y/y) in April, from 2.4% in March, slightly below consensus expectations. Higher gasoline prices were a big part of the story, with inflation ex-gasoline up a more modest 2.0% y/y. Prices at the pump were
The sharp rise in US Treasury yields remains one of the dominant macro themes in global markets this week, with the 10-year yield climbing back to 4.62% after only a brief pullback yesterday, near its highest level in more than a year. While markets continue f
Treasury Secretary Bessent said that G7 finance meeting talks were constructive, He is confident the Bank of Japan Gov. Ueda will successfully guide monetary policy. He added that "excess" volatility in the Forex market is undesirable. He feels that the fundam
Canada’s inflation rate accelerated in April as rising gasoline prices pushed headline CPI higher, but softer core inflation measures suggest underlying price pressures remain more contained than feared. CPI rose 0.4% mom in April, below expectations of 0.7% m
Prior 2.4% CPI MoM 0.4% vs 0.7% expected Prior CPI MoM 0.9% Core Measures: BOC core YoY 2.1% vs 2.5% last month BOC core MoM 0.2% vs 0.2% last month Core CPI % MOM 0.1% vs 0.0% last month CPI Median 2.1% vs 2.2% estimate. Last month 2.3% CPI Trim 2.0% vs 2.1%
Intraday bias in EUR/USD remains neutral as consolidations continue above 1.1607 temporary low. Risk will stay on the downside as long as 55 4H EMA (now at 1.1686) holds. Rebound from 1.1408 could have completed as a corrective three-wave move. Break of 1.1607
No change in USD/JPY’s outlook as rise from 155.01 is in progress to retest 160.71 high Strong resistance is expected from there to start the third leg of the near term corrective pattern. On the downside, break of 158.28 minor support will turn intraday bias
Intraday bias in GBP/USD remains neutral for the moment and some consolidations would be seen above 1.330. Further fall is expected as long as 55 4H EMA (now at 1.3469) holds. Below 1.3300 will target a retest on 1.3158 support first. However, sustained break
USD/CHF’s rebound from 0.7760 is trying to resume after brief retreat. Intraday bias is back on the upside for 0.7923 resistance. Firm break there will argue that fall from 0.8041 has completed as a three wave correction, and bring further rise to retest this
No change in AUD/USD’s outlook and intraday bias remains neutral. With 0.7101 support intact, further rise remains in favor. On the upside, firm break of 0.7277 will resume larger up trend. However, decisive break of 0.7101 will bring deeper decline back towar
Intraday bias in USD/CAD stays mildly on the upside as rebound from 1.3549 is in progress. This rise is seen as the third leg of the corrective pattern from 1.3480. Further rise would be seen towards 1.3965 resistance. On the downside, below 1.3729 minor suppo
Intraday bias in GBP/JPY is turned neutral again with current rebound. Consolidations from 210.43 is extending with another rising leg. On the downside, firm break of 210.43 will resume the corrective fall from 21658. However, sustained break of 214.40 will br
Range trading continues in EUR/JPY and intraday bias remains neutral. As noted before, pullback from 187.93 could have completed at 182.01 already. Further rise is in favor as long as 184.02 minor support holds. Above 185.44 will target a retest on 187.93 high
Intraday bias in EUR/GBP is turned neutral again with current steep retreat. Range trading should continue between 0.8610/0.8740 first. On the upside, decisive break of 0.8740 should pave the way through 0.8788 to retest 0.8863 high. Meanwhile, firm break of 0
EUR/AUD’s break of 1.6293 resistance confirms short term bottoming at 1.6108. Rise from there is seen as the third leg of the corrective pattern from 1.6125. Intraday bias is back on the upside for 55 D EMA (now at 1.6458). On the downside, break of 1.6108 wil
Intraday bias in EURCHF remains mildly on the downside at this point. Fall from 0.9264 would extend towards 61.8% retracement of 0.8979 to 0.9264 at 0.9088 and possibly below. On the upside, however, break of 0.9174 will turn bias back to the upside for strong
Nasdaq's bullish momentum stalls as downside risks mount: pause or start of a correction? Euro area trade surplus narrows in March as energy deficit widens on Middle East conflict Oil prices remain persistently elevated amid prolonged US-Iran stalemate There i
Gold rose to 4,600 USD per ounce on Tuesday, continuing its recovery from the previous session, and is now trading around 4,548 USD. Market sentiment was supported by hopes of a possible resumption of negotiations between the US and Iran, which has somewhat ea
Eurozone trade data deteriorated sharply in March as exports weakened significantly while imports continued rising, highlighting the growing pressure from slowing global demand and escalating trade disruptions. Eurozone recorded a goods trade surplus of EUR 7.
GBP/USD stays cautious below SMAs at 1.3420 as UK unemployment rate rises. Short-term bias is bearish; fresh sellers await below 1.3200. GBP/USD remains capped below its 50- and 200-day simple moving averages (SMAs) near 1.3420 as investors digest discouraging
Sterling softened after the latest UK labor market data reinforced expectations that the Bank of England is likely to adopt a more patient near-term stance on interest rates. The sharp decline in payroll employment, rising unemployment rate, and cooling wage g
Fundamental Background As a result of the military conflict between the United States and Iran, the combined volume of halted oil production in Iraq, Saudi Arabia, Kuwait, the UAE, Qatar and Bahrain reached 10.5 million barrels per day in April, triggering rec
Markets Selling pressure on global bond markets eased a bit yesterday. Even so, the relieve, if any, was small compared to the sharp rise especially of long-term yields at the end of last week. Headlines throughout the day on the developments in the Middle-Eas
Record rise in equity allocations by global fund managers in May Just 4% of fund managers see hard landing 66% of respondents expect Hormuz bottleneck to end in next few months 62% of respondents target 6% on 30-year treasury yields, 20% target 4% 40% of respo
EUROPEAN SESSION In the American session, the main highlight was the UK jobs report. The data was mixed but leaning more on the weaker side. Overall, it doesn't change anything for the BoE. We don't have much for the rest of the session other than the Eurozone
UK labor market data showed further signs of softening, with payroll employment falling again in April while the unemployment rate edged higher in the three months to March. Payrolled employment declined by -100k or -0.3% mom in April, extending the annual dro
In focus today Focus will continue to be on developments in the Middle East and the bond market rout that has caused a sell-off in risk assets. In the UK a fresh labour market report will be published. Employment is expected to have fallen again in March, alth
The week started on a mixed note. In Europe, the retreat in European bond yields gave a certain relief to equity indices, allowing the Stoxx 600 to keep floor above the 50-DMA, while major US indices failed to maintain earlier optimism – fueled by news that Wa
It looked like risk sentiment was bound to take a big knock yesterday but not for some mix of headlines to start the week. First, we had Iranian media saying that the US is to propose a temporary waiver to sanctions. That helped to bring risk trades off their
ICYMI (Monday): Japan signals FX intervention readiness, vowing to shield US bond market ICYMI - Iran launches Bitcoin-backed ship insurance scheme for Strait of Hormuz transit Japan economy minister backs recovery but warns of Middle East conflict fallout ris
Japan's economy minister Kiuchi cited strong wage momentum and improving job conditions underpinning a moderate recovery, while pledging nimble government action to address Middle East conflict risks. Earlier: Japan Q1 GDP beats forecasts at 2.1% but Iran war
Japan's Q1 GDP grew an annualised 2.1%, beating forecasts of 1.7%, but analysts warn the Iran war energy shock is set to slow growth sharply and could force the BOJ to delay rate hikes. Earlier: USD/JPY on approach to 159! How you left, Ministry of Finance? Su
New Zealand producer input prices rose 1.4% in Q1 and output prices gained 0.8%, while electronic card retail sales fell 1.3% in April, Statistics New Zealand data showed on Tuesday. Summary: Source: Statistics New Zealand, released Tuesday 18 May 2026. Q1 pro
Summary: US recession probability cut to 25% from 30%, with economic activity holding up and financial conditions easing back below pre-war levels Three factors cited for the moderate growth impact: oil prices rising less than feared, demand destruction absorb
Markets Core bonds took a breather after last week’s violent selloff. Japanese markets this morning suggested otherwise though. The long end was pressured strongly with yields rising up to 20 bps at some point on a combination of another increase in oil prices
Brent oil price spiked to two-week high in early Monday trading, extending last week’s 4.5% advance, driven by fragile situation in the Middle East and fading prospects for peace after the latest attack on a nuclear power plant in the UAE. Fresh extension of t
The International Monetary Fund upgraded its 2026 UK growth forecast on Monday but warned that the Bank of England must remain ready to adjust interest rates “in either direction” as the Middle East energy shock complicates the inflation outlook. In its latest