Monthly Archives: May 2026
With Middle East tensions around Hormuz, the US Dollar Index hovers near 98.20 in Asian trade
Written on May 4, 2026 at 1:24 pm, by
DXY held near 98.20 as Hormuz tensions rose; markets awaited April jobs report, forecast 73K.
During Asian trading, XAG/USD stays positive near $75.40 after dropping below $75.50 as demand eases

Written on May 4, 2026 at 1:23 pm, by
Silver dips after gap-up, trades near $75.40 as US–Iran talks ease safe-haven demand, raising inflation fears.
Amid looming Iran tensions, NZD/USD rebounds above 0.5900, eyeing 0.5925 ahead of NZ-US jobs data

Written on May 4, 2026 at 12:54 pm, by
NZD/USD climbs above 0.5900; Middle East tensions boost USD, RBNZ cautious hopes support kiwi; key resistance 0.5925.
As oil prices fall, the commodity-linked Canadian dollar weakens, lifting USD/CAD near 1.3590 in Asia
Written on May 4, 2026 at 12:53 pm, by
USD/CAD climbed near 1.3590 as oil slid, while Strait of Hormuz tensions tempered safe-haven demand.
RBNZ member Prasanna Gai says pre-emptive tightening needs strong synchronisation and an active coordination mechanism, without bias

Written on May 4, 2026 at 12:24 pm, by
RBNZ’s Gai says pre-emptive tightening needs strong synchronisation and coordination; no automatic tightening bias; NZD/USD rises.
Sterling rises slightly to around 1.3580; Middle East tensions curb gains, awaiting Friday’s US jobs report

Written on May 4, 2026 at 12:23 pm, by
GBP/USD edges up near 1.3580; Middle East tensions and Friday’s US jobs report may cap gains.
WTI rebounds above $98 after opening near $96.45; Hormuz concerns counterbalance OPEC+ increased output during Asia session
Written on May 4, 2026 at 11:54 am, by
WTI rebounds near $96.45; Hormuz tensions, stalled US-Iran talks offset OPEC+ output hike and stronger dollar.
EUR/USD trades near 1.1720 in Asia amid reports the US will increase tariffs on EU vehicles
Written on May 4, 2026 at 11:53 am, by
EUR/USD stayed near 1.1720 as Trump raised EU auto tariffs and Middle East tensions boosted dollar demand.
Australia’s annual building permits rose 9% in March, easing from the prior 14% growth rate
Written on May 4, 2026 at 11:23 am, by
Australia’s building permits climbed 9% year-on-year in March, easing from a 14% increase previously.
Week Ahead: Oil Puts Fed Cuts On Ice

Written on May 4, 2026 at 11:21 am, by casandra
Oil above $100 keeps inflation risk alive, complicates the Fed’s rate-cut path, and leaves traders watching USDX, XAUUSD, USOil, SP500 and BTCUSD for sharper cross-asset moves this week. | VT Markets