Monthly Archives: May 2026
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 davin
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 davin
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 davin
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 davin
Volatile markets as yen intervention suspected; Hormuz tensions rise; ECB, BoE steady; US PMI awaited; dollar weak.
Bundesbank President Joachim Nagel says ECB’s baseline outlook already implies tighter monetary policy during European trading session
Written on May 1, 2026 at 8:23 pm, by davin
Bundesbank’s Nagel said tighter ECB policy is baseline; June action possible if outlook doesn’t improve markedly.
During early European hours, EUR/JPY trades near 183.00, extending a second day of losses, bearish bias prevailing
Written on May 1, 2026 at 7:54 pm, by davin
EUR/JPY slipped near 183.00, staying below key EMAs; RSI signals downside, with support at 181.87.
Müller says the ECB is increasingly likely to require interest-rate rises to curb inflationary pressures across Europe
Written on May 1, 2026 at 7:53 pm, by davin
ECB’s Madis Müller says rate hikes increasingly likely as high energy prices persist; EUR/USD ticks higher.
EUR/USD slips beneath 1.1720, easing from 1.1740, yet retains most prior gains amid holiday-thinned volumes
Written on May 1, 2026 at 7:24 pm, by davin
EUR/USD rose near 1.1742 as dollar weakened; yen plunged on alleged intervention; ECB signals hikes, oil risks.
Amid Iran–US tension and Hormuz Strait blockade, the dollar gains, pushing NZD/USD down near 0.5890
Written on May 1, 2026 at 7:23 pm, by davin
NZD/USD fell below 0.5900 as Middle East tensions and Fed stance boosted safe-haven dollar demand.
Silver trades near $73.70 in Europe, lingering around its 20-day EMA, as the Fed stays higher longer
Written on May 1, 2026 at 6:54 pm, by davin
Silver hovers $73.70 below 20-day EMA as Fed speeches loom; oil-led inflation fears weigh, key levels.
