Monthly Archives: May 2026
Following its $555.45 peak, Microsoft entered wave (II), bottoming at $356.07, starting a three-wave correction
Written on May 1, 2026 at 3:54 am, by davin
Microsoft hit $555.45, dropped to $356.07, then began wave (III); pullback underway above $367.23 pivot.
NBC economists say Canada’s economy rose 0.2% in February, with Q1 industry GDP tracking 1.7% annualised amid headwinds
Written on May 1, 2026 at 3:53 am, by davin
Canada’s economy rose 0.2% in February; Q1 GDP tracks 1.7% annualised amid tariffs, weak housing.
Sterling-dollar climbs to 1.3550 after BoE keeps 3.75% rates; weaker US GDP boosts demand
Written on May 1, 2026 at 3:24 am, by davin
GBP/USD climbed to 1.3550 as BoE held rates; softer US GDP offset stronger jobless claims.
In April 24, EIA reported US natural gas storage rose 79B, beneath the 83B forecast figure
Written on May 1, 2026 at 3:23 am, by davin
US EIA reported a 79B natural gas storage build for week ending April 24, missing 83B forecast.
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 davin
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 davin
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 davin
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 davin
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 davin
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 davin
ADP is stabilizing after weakness, eyeing resistance at $226.55; triggers at $220, stops below lows.
