Monthly Archives: May 2026
China aluminium output hits record as inventories swell, boosting downside risks for prices
Written on May 20, 2026 at 4:20 am, by davin
China’s aluminium output hits records, yet weak demand swells inventories; supply growth outpaces consumption despite higher exports.
BoE rate outlook hinges on oil prices as DBS flags autumn hike risk and hedging trades

Written on May 20, 2026 at 4:19 am, by davin
DBS says BoE outlook hinges on oil; baseline $108/bbl sees CPI 3.7% by end-2026, prompting 1–2 hikes.
NZD/USD Slides as US-Iran Uncertainty and Fed Hawkishness Support the US Dollar

Written on May 20, 2026 at 3:50 am, by davin
NZD/USD slips to 0.5835 as Iran uncertainty and higher oil boost USD; NZ PPI beats forecasts.
Canadian Dollar softens as USD/CAD tests 1.38 amid policy divergence and oil dip
Written on May 20, 2026 at 3:49 am, by davin
Canadian Dollar weakens as USD/CAD rises; Scotiabank sees pair overvalued, key resistance near 1.38, support 1.3720.
US Pending Home Sales Return to Growth as Lower Mortgage Rates Lift Housing Demand

Written on May 20, 2026 at 3:19 am, by davin
US pending home sales increased 3.2% year-on-year in April, reversing March’s decline as signed contracts rose.
US Pending Home Sales Beat Forecast, Clouding Fed Cut Outlook and Lending Support to Dollar
Written on May 20, 2026 at 3:19 am, by davin
Pending U.S. home sales rose 1.4% in April, beating the 1.0% forecast and signaling improved demand.
Oil whipsaws as Iran tensions, waiver headlines and soft China demand keep Brent near $85
Written on May 20, 2026 at 2:20 am, by davin
Oil prices swing amid Iran and Gulf disruptions; temporary US waivers on Iranian and Russian oil ease supply fears.
Gold slips to late-March lows as rising US yields and firmer dollar outweigh Iran tensions

Written on May 20, 2026 at 2:19 am, by davin
Gold slides to $4,482 as higher yields, stronger dollar, and Iran tensions shift focus to inflation.
BNP Paribas Sees Europe Recasting Industry Amid China Rivalry, Backed by Defence, AI and Energy Shift

Written on May 20, 2026 at 1:49 am, by davin
Europe confronts China’s industrial surge, adapts via defence, electrification and AI investment, while securing supply chains.
AI chip rotation lifts Intel and AMD as Elliott Wave points to $144 target amid Nvidia slowdown
Written on May 20, 2026 at 1:49 am, by davin
Semiconductors shift to infrastructure leaders; Elliott Wave sees Intel wave III targeting 144.07 amid strong 2026 gains.