Asia FX drifts lower as dollar firms ahead of Fed, econ. cues

2026.05.22 2026.05.22 USD/CAD: Elliott Wave Analysis and Forecast for 22.05.26–29.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3966 with a target of 1.3400–1.3065. A sell signal: the price holds below 1.3966. Stop Loss: above 1.4005, Take Profit: 1.3400–1.3065. Alternative scenario: Breakout…

By Michael Martina, David Shepardson and Karen Freifeld WASHINGTON/NEW YORK (Reuters) – The U.S. Defense Department said on Monday it has added Chinese tech giant Tencent Holdings (OTC:) and battery maker CATL to a list of companies it says work with China’s military, in a move set to escalate U.S.-China tensions. The Hong Kong-listed shares…

USD: Looking expensive into the payrolls One can probably argue that the relatively cautious tone by the Federal Reserve this week will prevent markets from pricing in more than the current 75bp of cuts expected (25bp at each meeting) by year-end. Some decent action is however happening on longer tenors – i.e. the terminal rate…

EUR/USD and GBP/USD extended their decline, revisiting recent extremes after last week’s corrective rebound. The recovery attempt was largely technical in nature and did not alter the broader structure of the move. Additional pressure on European currencies came from dollar strength following Wednesday’s release of the Federal Open Market Committee minutes, which signalled a cautious…

Core PCE for May is due, and markets are expecting an uptick. Could this update on the Fed’s go-to inflation gauge shake up its policy plans? If you’re looking to trade the core PCE release, here are the key points to keep on your radar. This Article Is For Premium Members Only Become…