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Swiss Franc Steady as Markets Eye US-Iran Deal Updates

May 22, 2026 6:31 am
Key Moments USD/CHF trades flat near 0.7870 in Asian hours as investors await possible confirmation of a US-Iran peace agreement. The US Dollar Index (DXY) edges up toward 99.27, with risk sentiment supported by reports of a “final draft” deal. Preliminary S&P Global Composite PMI for May remains at 51.7, as stronger manufacturing activity offsets […] Read more

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

Pound Stays Rangebound on Policy, Geopolitical Risk FX!

May 22, 2026 6:02 am
Key Moments GBP/USD traded around 1.3425-1.3430 in a tight Asian-session range, staying capped near its 100-day EMA. Mixed Bank of England commentary and UK political uncertainty limited upside for the British Pound. Geopolitical tensions involving Iran and hawkish Federal Reserve expectations continued to bolster the US Dollar. GBP/USD Trapped in Tight Band Despite Weekly Gain […] Read more

Euro Slides on Firm Dollar, Hawkish Fed Pressure EURUSD

May 22, 2026 5:47 am
Key Moments EUR/USD traded around 1.1610 during the Asian session on Friday, marking a second consecutive day of subdued price action. Strength in the US Dollar has been underpinned by rising expectations of a more hawkish Federal Reserve and resilient labor market data. Flash PMI data showed the Euro Area economy contracted in May at […] 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

AUD: Soft Domestic Data Meets Optimistic FX Forecasts

May 21, 2026 1:05 pm
Key Moments Australian unemployment rose to 4.5% in April, with total employment declining by 18.6k and a larger share of full-time job losses. Composite PMIs dropped from 50.4 to 47.8, reinforcing expectations that the RBA will maintain a cautious policy stance after its May rate hike. ING’s Francesco Pesole keeps a bullish year-end view on […] Read more

NZD/CHF weakens despite strong NZ trade data

May 21, 2026 10:57 am
The NZD/CHF currency pair edged lower on Thursday, with the kiwi dollar under pressure even as fresh trade figures out of New Zealand pointed to a markedly stronger external sector. New Zealand’s trade surplus widened sharply in April to a record NZD 1.92 billion on a month-over-month basis, up from NZD 0.43 billion in March. […] Read more

Sterling-Yen Consolidates Near Highs as Bulls Eye Range Top

May 21, 2026 10:14 am
Key Moments GBP/JPY is trading just under the 213.70 resistance level after advancing 0.85% for the week. The Pound has held firm despite soft UK CPI data and concerns about political uncertainty in the UK. Stronger Japanese trade figures and hawkish comments from BoJ’s Koeda have produced only a limited boost for the Yen. GBP/JPY […] Read more

Syndicate Labs Winds Down as Rollup Market Consolidates

May 21, 2026 9:19 am
Key Moments Syndicate Labs said it will close after concluding that demand for Ethereum rollup infrastructure has declined to unsustainable levels. SYND dropped to a fresh all-time low near $0.012 following the shutdown announcement, extending losses triggered by an April bridge exploit. Data from L2Beat and 21Shares indicated capital and usage have increasingly concentrated in […] Read more