Sterling strengthened on risk-on flows, lifting GBP/USD from 1.33; politics loom, 1.3415 breakout targets 1.3475.
Rabobank warns Canada is in technical recession, with inflation and trade shocks pressuring CAD, equities, and policy.
Surging equity issuance and slowing buybacks may flip net supply positive, risking corrections as positioning and valuations look stretched.
USD/CNH slides as dollar weakens and China trade surplus expands; AI exports boost yuan near key support.
South Korea unveiled won-support measures, but capital outflows dominate; expect higher volatility, limited NPS hedging impact.
April wholesale inventories rose 0.6%, beating forecasts, signaling slowing demand, prompting defensive trades: SPY puts, Treasuries, VIX calls.
May existing-home sales beat forecasts, signaling resilient housing, reinforcing higher-for-longer rates and shifting derivative positioning.
May existing home sales jumped 3.2%, signaling stronger demand and a higher-for-longer Fed, boosting homebuilders opportunities.
Sterling rose versus yen as BoJ may pause bond-tapering; yield gaps, oil and risk appetite support GBP/JPY.
USD/CAD steadies near year highs; Scotiabank sees overvaluation and BoC decision as key risk catalyst.
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