June 24, 2026 1:41 pm
Key Moments AUD/USD has been sliding toward the 0.69 region and the March-April low around 0.6833, even as the 2-year spread tightens sharply to 39bp. Australian inflation eased to 4.0% year-on-year in May, but core inflation rose to 3.6%, reinforcing expectations of a hawkish pause from the RBA. Lower FX hedge ratios among Australian superannuation […]
Read moreJune 24, 2026 1:08 pm
Key Moments USD/CAD traded near 1.4230 after touching a more-than-one-year peak at 1.4239. Money markets priced in nearly an 86% probability of a Federal Reserve rate hike by December, up from about 61% before the latest FOMC meeting. Canadian Dollar underperformed broadly, except against the New Zealand Dollar, where it showed the strongest relative gain. […]
Read moreJune 24, 2026 12:27 pm
Key Moments Standard Chartered’s Dan Pan expects Banco Central do Brasil (BCB) to slow its easing cycle as inflation dynamics remain difficult. The Selic rate is now projected to pause in Q3 before rate cuts resume in Q4-2026, with policy rates seen at 13.75% by end-2026 and 11.75% by end-2027. BCB reduced rates by 25bps […]
Read moreJune 24, 2026 11:03 am
The GBP/JPY currency pair extended losses on Wednesday, as ongoing political uncertainty in the United Kingdom continued to weigh on the British Pound. The UK has entered a new phase of political turmoil after Prime Minister Keir Starmer resigned on Monday. His departure followed intense pressure sparked by Andy Burnham’s victory in the Makerfield by-election […]
Read moreJune 24, 2026 10:21 am
Key Moments EUR/GBP has registered a lower peak near 0.8690 beneath its 200-day moving average. Societe Generale analysts highlight a Head and Shoulders formation signaling potential downside for the cross. Key resistance is seen at 0.8690/0.8700, with downside objectives at 0.8565 and 0.8535/0.8520 if the rebound fades. Head and Shoulders Pattern Signals Bearish Bias Societe […]
Read moreJune 24, 2026 10:09 am
Key Moments JP Morgan argues Japan’s Ministry of Finance must act decisively at current USD/JPY levels or risk a sharp acceleration in yen weakness. USD/JPY is trading around 161.75 and is testing 2024 highs near 161.95, hovering near levels not seen in roughly four decades. Credit Agricole notes Japan’s $1.3 trillion in FX reserves allows […]
Read moreJune 24, 2026 10:00 am
Key Moments Markets have priced in 38 bps of additional Fed tightening by year-end, with rate hike odds split between July and September. EUR/USD has broken below key support around 1.14 on the daily chart, exposing potential downside toward the 1.10 area. Traders are watching upcoming US Jobless Claims, PCE data, and the University of […]
Read moreJune 24, 2026 9:46 am
Key Moments USD/IDR advanced for a third straight session, trading near 17,980 during Wednesday’s European session. Market-based odds for a Fed rate hike in December rose to about 85.5%, up from 61% before last week’s FOMC meeting. Indonesia’s inflation quickened to 3.08% year-on-year in May from 2.42%, adding pressure on the Rupiah ahead of June […]
Read moreJune 24, 2026 8:03 am
Key Moments EUR/GBP has fallen about 0.6% this week, trading near 10-month lows around the 0.8610 area. Weak risk appetite amid a tech-led equity sell-off and geopolitical tensions has supported GBP over EUR. Technical signals point to persistent downside pressure, with key support at 0.8611 and resistance capped near 0.8657. Risk-Off Tone Weighs on EUR/GBP […]
Read moreJune 24, 2026 7:26 am
The AUD/JPY currency pair hovered above a fresh 8-week low of 111.51 on Wednesday, as the Australian Dollar demonstrated a rather muted reaction to the latest inflation figures. Data by the Australian Bureau of Statistics indicated that consumer price pressures eased more sharply than anticipated in May, providing some breathing room for policy makers. Headline […]
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