The central bank of Australia kept rates at 4.35% as expected and pointed to a potentially prolonged hold, but maintained its tightening bias.
Oil prices drop while metals and stock markets rise after the two sides announced an interim deal, but risks still loom.
The Fed, the ECB, the BoE and other major central banks announce pivotal policy decisions in June, as inflation pushes them toward a hawkish stance but growth risks call for caution.
The pair regains its upside bias, rebounding from the likely FX intervention by Japanese authorities, but challenges still loom.
The pair posts a steep decline today, raising fresh intervention speculation after last week's reported action, but that may not be enough to provide lasting support for the yen.
The Australian central bank raised rates again to contain rising inflation driven by the energy shock from the Middle East conflict, but its tightening runway is getting shorter.
USDJPY spiked above 160 before crashing back to the mid-150s amid strong verbal warnings from Japanese officials, with markets interpreting the move as likely intervention, making 160 a de facto policy red line regardless of official confirmation.
Oil, the USDOLLAR, gold, and the UK100 are all at key turning points, with geopolitical tension and oil-driven inflation set to dictate the next major market moves.
The pair drops on the lack of upside surprises in the data, but intensifying price pressures support the case for another RBA hike and the pair's bullish bias.
The Bank of Japan held rates in a divided decision and raised its inflation forecasts, pushing the pair lower, but the upside bias remains intact.
The US dollar is currently moving alongside oil, driven more by geopolitical tensions and inflation expectations than traditional fundamentals, creating a volatile, two-way market with no clear direction.
Order Execution Only
Order Execution Only
Regulatory Documents:
CIRO: Avoiding Fraud and Protecting Your Investments, How CIRO Protects Investors, CIRO Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, CIRO Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Notice of Acknowledgment, Before You Begin Trading
The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Canadian Investment Regulatory Organization (CIRO). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.
* The percentage of our retail client accounts that were profitable in each of the previous most recent quarters was: Quarter 1, 2026: 40% | Quarter 4, 2025: 49% | Quarter 3, 2025: 37% | Quarter 2, 2025: 36%. These figures are provided for transparency purposes only and do not constitute an indication of future performance or results.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, Friedberg Direct, FXCM or its affiliates takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of Friedberg Direct and FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the Friedberg Direct's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.**