Monthly Archives: May 2026
MUFG’s Derek Halpenny says Japan likely intervened near 160, buying time amid Middle East and cost pressures
Written on May 1, 2026 at 10:53 pm, by
USD/JPY plunged near 160 on suspected Japan intervention as officials weighed Middle East risks, inflation, holiday liquidity.
During European trading, NYMEX WTI hovers near $102.25, pausing after a fortnight’s rally peaked $107.35 near three-year high
Written on May 1, 2026 at 10:24 pm, by
WTI holds near $102 as Hormuz closure supports prices; central-bank hawkishness raises demand worries; key levels $95-$113.
XAG/USD holds within the low $73s in Europe, after earlier $75 support rejection keeps prices subdued
Written on May 1, 2026 at 10:23 pm, by
Silver slips to low $73s, extending weekly losses as hawkish Fed boosts dollar; key support/resistance outlined.
UK M4 money supply grew 4.3% year-on-year in March, accelerating from the prior 3.6%
Written on May 1, 2026 at 9:53 pm, by
UK M4 money supply rose 4.3% year-on-year in March, up from 3.6% previously.
UK individuals borrowed £8B month-on-month, surpassing forecasts of £5.9B, in March figures
Written on May 1, 2026 at 9:53 pm, by
UK net lending to individuals climbed to £8bn in March, beating forecasts of £5.9bn by £2.1bn.
UK M4 money supply increased 0.8% month-on-month, exceeding the 0.5% forecast, according to released data
Written on May 1, 2026 at 9:24 pm, by
UK M4 money supply climbed 0.8% in March, beating the 0.5% forecast by 0.3 percentage points.
In March, UK mortgage approvals reached 63.53K, surpassing forecasts of 60K from analysts and expectations
Written on May 1, 2026 at 9:23 pm, by
UK mortgage approvals rose to 63.53K in March, beating the 60K forecast and signalling stronger lending activity.
Amid inflation fears, gold falls below $4,600 in early European trade as hawkish bets grow
Written on May 1, 2026 at 8:54 pm, by
Gold slid below $4,600 as hawkish Fed and Middle East tensions lifted dollar, pressuring prices.
Overnight, Wall Street hits record closes; Dow, S&P and Nasdaq futures edge higher in European trading
Written on May 1, 2026 at 8:53 pm, by
US stock futures edged higher in Europe after record Wall Street closes, with oil, earnings, and US–Iran tensions watched.
On intervention reports, the Japanese Yen rallies as US-Iran tensions stay elevated, traders monitoring developments
Written on May 1, 2026 at 8:24 pm, by
Volatile markets as yen intervention suspected; Hormuz tensions rise; ECB, BoE steady; US PMI awaited; dollar weak.
