Monthly Archives: May 2026
During the European session, gold dips below $4,550, with bears targeting last Thursday’s $4,500 low
Written on May 4, 2026 at 11:53 pm, by davin
Gold slips below $4,550 as risk-off dollar strength, US-Iran tensions intensify; bearish technicals point toward $4,500.
Reports of Iran striking a US warship drove crude oil higher amid escalating Middle East tensions in Europe
Written on May 4, 2026 at 11:23 pm, by davin
Oil prices surged 4% as Iran reported missiles hit a US warship near Strait of Hormuz.
Reuters cited Fars saying two missiles struck a US warship near Jask after it ignored Iranian warnings
Written on May 4, 2026 at 10:54 pm, by davin
Iran claims missiles hit US warship near Jask; Navy blocked Hormuz entry, markets turned risk-off.
Geopolitical unrest lifts the US Dollar, sending DXY back above 98, yet within recent lower ranges
Written on May 4, 2026 at 10:53 pm, by davin
Dollar index climbed above 98 as US–Iran tensions and rising oil pressured euro, yen; markets awaited jobs data.
Commerzbank says oil boosts CAD briefly, but weak economy and USMCA talks limit USD/CAD falls till Q4
Written on May 4, 2026 at 10:24 pm, by davin
Oil boosts Canadian Dollar temporarily; lasting strength needs economic improvement, clearer BoC hikes, and resolved USMCA talks.
EUR/JPY hovers near 184.00, dipping 0.04%, reflecting Eurozone resilience versus intervention-backed Yen demand
Written on May 4, 2026 at 10:23 pm, by davin
EUR/JPY near 184.00 as upbeat Eurozone data and ECB stance offset safe-haven Yen demand.
HSBC Asset Management says US equities hit highs, keep valuation premium, with 2026 profit growth forecast 15%
Written on May 4, 2026 at 9:54 pm, by davin
Global valuations look fuller: US stays pricey but justified, Taiwan most expensive; Korea discounted; Brazil rerated.
Societe Generale expects Bank Rate to stay at 3.75% until 2026, after 8–1 MPC vote, unless US-Iran conflict drives hikes
Written on May 4, 2026 at 9:53 pm, by davin
BoE holds 3.75% rate; economists see stability through 2026, but conflict-driven energy spikes could prompt rises.
UOB strategists expect the ECB to maintain policy, delivering one 25-basis-point rate rise in June
Written on May 4, 2026 at 9:24 pm, by davin
UOB sees ECB mostly steady, one June hike; inflation peaks 2026, energy risks, conflict modest growth hit.
Risk-averse mood strengthens the US Dollar, pushing AUD/USD below 0.7227, near 0.7200 in Europe
Written on May 4, 2026 at 9:23 pm, by davin
AUD/USD eased near 0.7200 as safe-haven USD rose; markets await RBA decision amid inflation and Hormuz tensions.
