Monthly Archives: May 2026
Rabobank strategist Stefan Koopman says the BoE held 3.75%, with Bailey weighing inflation persistence against jobs, activity
Written on May 1, 2026 at 2:54 am, by
Bank Rate held at 3.75%; Pill dissents for hike, Bailey “active hold” amid inflation risks, cautious outlook.
Scotiabank says CAD rises as USD softens and swap spreads tighten; BoC holds policy, citing oil-trade risks
Written on May 1, 2026 at 2:53 am, by
Canadian Dollar rose as US Dollar softened; BoC held rates, flagged oil, trade risks; USD/CAD capped.
Reuters reports Japanese officials allegedly made their first 2024 currency-market intervention, aimed at curbing speculative trading moves
Written on May 1, 2026 at 2:24 am, by
Japan reportedly intervened in forex markets, buying yen and selling dollars, as USD/JPY dropped 2.21%.
Nordea’s Jan von Gerich says ECB held rates at 2.0%, staying data-driven, while boosting June hike odds
Written on May 1, 2026 at 2:23 am, by
ECB holds rates at 2.0%, signals data-dependent stance; inflation risks rise, growth risks grow, markets price June hike.
In April, America’s Chicago PMI registered 49.2, falling short of the 53 forecasted figure
Written on May 1, 2026 at 1:54 am, by
Chicago PMI fell to 49.2 in April, missing the 53 forecast; below 50 signals contracting business activity.
ADP, a leading payroll firm, nears a yearlong downtrend line, with resistance looming overhead
Written on May 1, 2026 at 1:53 am, by
ADP is stabilizing after weakness, eyeing resistance at $226.55; triggers at $220, stops below lows.
RBC’s Abbey Xu says February GDP rose 0.2%, with goods and services recovering as auto disruptions eased
Written on May 1, 2026 at 1:24 am, by
Canada’s GDP rose 0.2% in February; Q1 growth slightly above forecasts; Bank of Canada rates steady.
ECB President Christine Lagarde explains unchanged April rates decision and answers journalists, dismissing concerns about second-round effects
Written on May 1, 2026 at 1:23 am, by
Lagarde said ECB held rates steady in April, cited lingering energy impacts and no significant wage pressures.
Commerzbank’s Nguyen says expanded output and weak demand widened copper surplus to 300,000 tonnes, limiting gains
Written on May 1, 2026 at 12:54 am, by
Commerzbank says copper surplus hit 300,000 tons as output rose, demand lagged; high prices may cap gains.
With ECB rates unchanged, EUR/USD rises to 1.1690, as mixed US data pressures the Dollar, after 1.1655 low
Written on May 1, 2026 at 12:53 am, by
EUR/USD rose to 1.1690 after weak US GDP; Fed uncertainty persists as ECB holds rates, stresses risks.
