Monthly Archives: May 2026
OCBC strategists expect USD/SGD to rebound after a relief dip, amid two-way trading and escalation upside risk
Written on May 6, 2026 at 10:28 am, by
OCBC expects USD/SGD rebound; geopolitics and oil risks may drive volatility, with resistance 1.2850, support 1.2720.
With the US Dollar broadly supported, NZD/USD hovers near 0.5890, recovering modestly but lacking momentum

Written on May 6, 2026 at 10:27 am, by
NZD/USD hovered near 0.5890, capped by resistance as safe-haven Dollar strength persisted amid Middle East tensions.
Following the RBA hike, AUD/USD rises 0.25%, stabilising near 0.7185 after 0.7150 support held
Written on May 6, 2026 at 9:58 am, by
AUD/USD climbs to 0.7185 after RBA hike; traders await Australian, Chinese trade data and US payrolls.
US weekly API crude oil inventories fell 8.1 million barrels, exceeding forecasts for a 2.8 million drawdown
Written on May 6, 2026 at 9:58 am, by
US weekly API crude inventories fell 8.1 million barrels to May 1, beating forecasts for 2.8 million drop.
UOB economists say Indonesia’s 1Q26 GDP rose 5.61% annually, underpinned by spending, consumption, investment constraints
Written on May 6, 2026 at 9:28 am, by
Indonesia’s 1Q26 GDP rose 5.61%, beating forecasts, powered by spending; sustaining growth hinges on fiscal limits.
USD/CHF slips 0.12% in North America, encountering resistance near 0.7842–57 from 20/50/100-day SMAs
Written on May 6, 2026 at 9:27 am, by
USD/CHF slides to 0.7830, rejected at SMA resistance; bearish bias persists, with key support near 0.7800.
Bhargava says Philippine inflation hit a three-year high, fuelled by food and fuel, risking BSP hikes, 2Q averaging above 8%

Written on May 6, 2026 at 8:58 am, by
Philippine inflation surged to 7.2% in April; food and fuel pressures may force faster BSP tightening.
Silver rebounds to $73.22, staying under $75, as bearish momentum persists and risk appetite improves
Written on May 6, 2026 at 8:57 am, by
Silver rises 0.69% to $73.22 but stays under $75; bearish RSI, key supports near $70.
Gold climbs 1% after US-Iran ceasefire boosts risk appetite, rebounding from $4,500 lows to $4,560

Written on May 6, 2026 at 8:28 am, by
Gold gains near $4,560 as yields slip; US–Iran tensions persist, Fed pause outlook supports bullion.
Radhika Rao of DBS reviews BJP’s West Bengal gains, Assam re-election, plus political changes in Tamil Nadu, Kerala

Written on May 6, 2026 at 8:27 am, by
State elections shift political landscape; rising welfare spending widens deficits, pressuring markets and spotlighting infrastructure-linked sectors.