Monthly Archives: May 2026
Gold starts the week near one-month lows; Middle East tensions and hawkish US outlook bolster the dollar
Written on May 5, 2026 at 6:57 am, by davin
Gold slid near one-month lows as US-Iran tensions and high yields pressured prices; support eyed near $4,400.
EUR/GBP ticks up amid heightened Middle East volatility, as UK political uncertainty weighs slightly on sterling
Written on May 5, 2026 at 6:28 am, by davin
EUR/GBP rose as Middle East tensions and UK political uncertainty lifted volatility; oil-driven rate expectations supported sterling.
Mercan says Turkey’s April CPI hit 32.4%, exceeding expectations and the central bank’s 16% target amid energy shocks
Written on May 5, 2026 at 6:27 am, by davin
Turkey’s April inflation hit 4.1%, lifting annual CPI to 32.4%, driven by food, housing, transport.
Amid Hormuz tensions and Iran threats, the US Dollar strengthens, pushing GBP/USD down to 1.3531
Written on May 5, 2026 at 5:58 am, by davin
GBP/USD slid to 1.3531 as Hormuz tensions and higher oil boosted the dollar; markets await US data.
Ahead of the RBA policy decision, AUD/USD hovers around 0.7190, with Middle East tensions capping gains
Written on May 5, 2026 at 5:57 am, by davin
AUD/USD hovers near 0.7190 pre-RBA decision; expected 25bp hike, fragile risk sentiment, key levels monitored.
Following suspected Japanese intervention, USD/JPY hovers near 157.00, recovering from an Asian-session dip to 155.71
Written on May 5, 2026 at 5:28 am, by davin
USD/JPY near 157 after dip; intervention chatter grows as Japan signals readiness amid dollar-supporting risks.
Societe Generale’s Kunal Kundu says India’s March IIP rose 4.1%, easing, as core sectors fell, power softened
Written on May 5, 2026 at 5:27 am, by davin
India’s March IIP grew 4.1%, core sector contracted; manufacturing rose, while disruptions may hit MSMEs later.
TD Securities economists expect the Federal Reserve to hold rates until September, tracking Iran conflict, inflation
Written on May 5, 2026 at 4:58 am, by davin
TD Securities expects Fed holds until September; Iran conflict, energy inflation, FOMC divisions may delay cuts.
Commerzbank’s Nguyen says suspected intervention lifted yen, yet markets doubt BoJ inflation resolve and durability of gains
Written on May 5, 2026 at 4:58 am, by davin
Unconfirmed intervention lifted yen, but durability depends on Iran war, energy risks, and Bank of Japan policy.
BNY’s Bob Savage says oil prices fluctuate as US Hormuz escorts ease fears, yet attacks resurge
Written on May 5, 2026 at 4:28 am, by davin
Oil prices swing on Hormuz attacks, US escorts, and OPEC+ plans to raise June 2026 output.
