Live Updates

28

May 2026
Trump says Hormuz to stay open as US-Iran talks continue amid rising Gulf tensions

Trump signals no rush on Iran deal; Strait of Hormuz stays open; traders hedge with oil calls, S&P puts.

28

May 2026
Gold steady near $4,455 as US–Iran talks and core PCE data steer rate outlook

Gold steadied near $4,455 as US-Iran talks and PCE inflation data drive cautious, volatility-focused positioning.

28

May 2026
Dollar-yen nears 160 again as Japan’s intervention fades and yield gap sustains carry trade

Despite $60bn Japan intervention, USD/JPY rebounds near 159.5 as yield gap persists; 160 breakout risks response.

28

May 2026
API crude draw narrows to 2.8m barrels, tempering WTI momentum ahead of OPEC+ meeting

API reports US crude stock draw slowed to 2.8 million barrels, signaling easing tightness, capping prices ahead.

28

May 2026
Fed’s Cook backs steady rates, flags inflation upside risks and AI-led labour market uncertainty

Fed’s Cook urges steady rates; inflation risks persist; hikes possible, cuts if jobs weaken; volatility trades favored.

28

May 2026
Banxico trims 2026 growth view, holds rates steady as USD/MXN rebounds towards 17.50

Banxico slashed 2026 growth outlook, held rates, lifting USD/MXN; investors eye calls, carry, rising volatility.

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