USD/CAD’s upswing looks like it’s running into trouble at a key resistance zone. Will the pair turn lower in the next trading sessions?

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Inflation in Germany ran up in April largely on the back of higher energy prices. That saw headline prices move up to near 3% and is once again expected to keep thereabouts in May. After the initial flurry from the earlier months, we won’t see much of a significant spike from April to May. And that will also likely…

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West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a negative bias for the third straight day on Friday and trades around the $87.00 mark during the Asian session, close to a one-month low touched the previous day. Reports  that the US and Iran have reached a deal to extend the ongoing ceasefire for…

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The upcoming U.S. ISM manufacturing PMI for May will provide one of the earliest glimpses into how the business sector fared. Will we see any surprises in employment and prices that could impact Fed policy?

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BOE Governor Andrew Bailey speaks in Reykjavik Friday at 0910 GMT, followed by hawk Catherine Mann in Dubrovnik Saturday at 0940 GMT and Megan Greene on stablecoins Sunday at 1230 GMT. Bank of England Governor Andrew Bailey takes the podium in Reykjavik on Friday morning at 0910 GMT (0510 US Eastern) for a speech at the 2026 economic conference,…

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On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8176 compared to the previous day’s fix of 6.8240 and 6.7685 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth….

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We had CPI data earlier, along with jobs. I’ve included those results in the screenshot for retail and industry data ICYMI: More on the inflation data here: Tokyo core CPI misses forecasts in May, complicating case for BOJ June rate hike This article was written by Eamonn Sheridan at investinglive.com.

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Gold price (XAU/USD) edges higher to near $4,500 during the early Asian session on Friday. The precious metal rebounds from a two-month low ‌hit in the previous session after reports that the United States (US) and Iran had reached a ceasefire extension agreement.  Bloomberg reported on Thursday that Washington and Tehran have reached a tentative deal to extend a…

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Thursday’s markets were whipsawed by conflicting US-Iran war headlines, swinging from risk-off on renewed Strait of Hormuz clashes to risk-on on ceasefire extension reports. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: U.S. API Crude Oil Stock Change for May 22, 2026: -2.8M (-9.1M previous) U.K….

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US and Iran have tentatively agreed to a 60-day ceasefire extension allowing Hormuz traffic to resume, but the deal lacks Trump’s approval and Iran has not confirmed the text is finalised. A scan across where we are at on the war and oil. New info in bold below. Summary: Four sources told Reuters that Washington and Tehran have agreed…

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