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EURJPY Holds Steady as Traders Eye Wedge Breakout Levels

May 22, 2026 6:22 am
Key Moments: EUR/JPY trades around 184.70 during Asian hours, staying flat for a second straight session Pair tests confluence resistance around the nine-day EMA at 184.76 while RSI near 47 signals consolidative price action Failure to break the descending wedge keeps downside risk open toward 181.87 and potentially 180.81 Technical Setup Around 185.00 EUR/JPY is […] Read more

Aussie Dollar Slips as Weak Jobs Data Eases RBA Pressure

May 22, 2026 6:19 am
Key Moments: AUD/USD traded near 0.7140 in Asian hours on Friday as the Australian Dollar softened against the US Dollar. Australia’s Unemployment Rate rose to 4.5% in April, the highest level since late 2021, leading markets to cut expectations for further RBA rate hikes. Traders focused on developments around a potential US-Iran deal to end […] Read more

Crude Futures Firm on Iran Strait Tensions, U.S. Draws

May 21, 2026 2:15 pm
Key Moments Brent crude futures were up $0.40 to $105.42/bbl and WTI rose $0.50 to $98.76/bbl by 08:09 GMT on 21 May. Oil benchmarks had dropped more than 5.6% on Wednesday after comments from U.S. President Donald Trump that Iran peace talks were close to conclusion. U.S. EIA data showed a record withdrawal of roughly […] Read more

Yen Steadies Below 160 on Intervention and BoJ Outlook

May 21, 2026 1:55 pm
Key Moments USD/JPY is consolidating around 159 as market participants remain cautious about testing the 160 level due to intervention concerns. Softer Oil prices and lower US yields are seen as supportive for JPY, even as investors monitor potential fiscal measures under PM Takaichi. Japan’s April exports rose 14.8% year-on-year, helping generate a larger than […] Read more

Soybean Futures Edge Higher After Prior Session Losses

May 21, 2026 1:23 pm
Key Moments Soybean futures are trading from slightly higher to a penny lower after falling 4 1/4 to 12 cents on Wednesday. The cmdtyView national average cash soybean price moved down 9 1/4 cents to $11.37 3/4. Abiove raised its 2026 Brazilian soybean export and crush projections, with ending stocks now pegged at 8.25 MMT. […] Read more

Global Aluminum Supply Tightens as Gulf Output Slumps

May 21, 2026 9:59 am
Key Moments Average daily primary aluminum output declined to 197.4kt in April, according to International Aluminium Institute data. Total global monthly production fell 5.3% month-on-month and 2% year-on-year to 5.92mt, with weakness across major producing regions. Gulf region output dropped 29% MoM and 34.6% YoY to 330kt, marking its lowest level since November 2013. Overview […] Read more

Bitcoin Climbs Toward $78,000 on AI Optimism, Risk Sentiment

May 21, 2026 9:09 am
Key Moments Bitcoin traded at $77,651.4 by 02:39 ET (06:39 GMT), after touching $78,165.2 in the prior 24 hours. Nvidia reported quarterly revenue of $81.6 billion and projected about $91 billion for the second quarter, lifting global tech and crypto sentiment. SpaceX disclosed holdings of 18,712 Bitcoin as of March 31 in its IPO prospectus, […] Read more

Google Commits $15B to Missouri Data Centers, Power Buildout

May 21, 2026 8:58 am
Key Moments Google announced a $15 billion infrastructure investment in Missouri, centered on a new data center in New Florence, Montgomery County. Governor Mike Kehoe highlighted that the initiative will create jobs and bolster local businesses and communities. Google has arranged more than one gigawatt of new generation capacity in Missouri and is backing over […] Read more

New Zealand Dollar Slips as Markets Eye Trade Surplus

May 21, 2026 8:10 am
Key Moments NZD/USD trades near 0.5860 in Asian hours after falling back from a 0.62% gain in the prior session. New Zealand posts a record NZD 1.92 billion April trade surplus, far exceeding expectations and driven by exports of NZD 8.6 billion. FOMC April Minutes signal the Fed may consider rate hikes if inflation stays […] Read more

Dollar-Yen Steady Near 159 on US-Iran Talk Watch

May 21, 2026 6:54 am
Key Moments USD/JPY trades almost unchanged around 159.00 during the Asian session as traders await developments on a potential US-Iran agreement. Expectations for at least one Federal Reserve rate hike this year slipped to 51% from 61.3%, according to the CME FedWatch tool. Japan’s 10-year JGB yield edges up to around 2.77%, close to the […] Read more