Monthly Archives: May 2026
Rising inflation fears leave gold exposed, slipping in Europe towards $4,580, nearing Friday’s swing low again
Written on May 4, 2026 at 7:54 pm, by
Gold slips near $4,580 as Iran tensions and inflation fears support dollar, rates, hurting non-yielding demand.
Commerzbank’s Michael Pfister says the SNB lacks sustainable options to weaken CHF against USD and peers
Written on May 4, 2026 at 7:53 pm, by
Commerzbank argues SNB lacks durable tools to weaken franc; only massive interventions risk reserves and US backlash.
Bearish sentiment drags XAG/USD towards $74.00, with support potentially tested near the four-month low at $61.01
Written on May 4, 2026 at 7:24 pm, by
Silver dips to $74.30; descending channel, bearish bias persists below key EMAs; support $61, $47; resistance $79.
Eurozone inflation is forecast at 2.7% in 2026, easing to 2.1% in 2027, 2% in 2028
Written on May 4, 2026 at 7:23 pm, by
ECB forecasters see Eurozone inflation averaging 2.7% in 2026, easing to 2% by 2028; EUR/USD slips.
Societe Generale economists say eurozone growth barely advanced, worsening risks, as inflation rises and confidence weakens
Written on May 4, 2026 at 6:54 pm, by
Euro area GDP barely grew; inflation rose on energy, core eased; ECB eyes expectations, plans June-September hikes.
Turkey’s April exports rose to $25.4 billion, increasing from the prior $21.9 billion level overall
Written on May 4, 2026 at 6:53 pm, by
Turkey’s exports climbed to $25.4bn in April from $21.9bn, marking a $3.5bn increase overall.
April’s Eurozone HCOB Manufacturing PMI matched expectations, arriving at 52.2, indicating steady factory output levels
Written on May 4, 2026 at 6:23 pm, by
HCOB Eurozone Manufacturing PMI came in at 52.2 in April, matching forecasts and signaling steady factory activity.
Greece’s S&P Global Manufacturing PMI eased to 52.4 in April from 54.5 previously, indicating slower momentum
Written on May 4, 2026 at 6:23 pm, by
Greece’s manufacturing PMI fell to 52.4 in April from 54.5, signaling slower growth despite expansion.
WTI crude approaches $100 as Trump promises to safeguard Hormuz shipping, lifting prices by around $3
Written on May 4, 2026 at 5:54 pm, by
WTI nears $100 as Trump pledges naval help; Iran keeps Hormuz shut, despite OPEC+ output hike.
Germany’s HCOB Manufacturing PMI reached 51.4 in April, slightly exceeding forecasts of 51.2
Written on May 4, 2026 at 5:53 pm, by
Germany’s April HCOB Manufacturing PMI rose to 51.4, slightly beating forecasts of 51.2.
