Live Updates

4

May 2026
BNY’s Bob Savage says ECB signals June rate cut, while BoE waits for clearer evidence, shifting stance

ECB signals potential June rate cut, diverging from cautious BoE; Nordic banks watched as tightening expectations shift.

4

May 2026
During the European session, gold dips below $4,550, with bears targeting last Thursday’s $4,500 low

Gold slips below $4,550 as risk-off dollar strength, US-Iran tensions intensify; bearish technicals point toward $4,500.

4

May 2026
Reports of Iran striking a US warship drove crude oil higher amid escalating Middle East tensions in Europe

Oil prices surged 4% as Iran reported missiles hit a US warship near Strait of Hormuz.

4

May 2026
Reuters cited Fars saying two missiles struck a US warship near Jask after it ignored Iranian warnings

Iran claims missiles hit US warship near Jask; Navy blocked Hormuz entry, markets turned risk-off.

4

May 2026
Geopolitical unrest lifts the US Dollar, sending DXY back above 98, yet within recent lower ranges

Dollar index climbed above 98 as US–Iran tensions and rising oil pressured euro, yen; markets awaited jobs data.

4

May 2026
Commerzbank says oil boosts CAD briefly, but weak economy and USMCA talks limit USD/CAD falls till Q4

Oil boosts Canadian Dollar temporarily; lasting strength needs economic improvement, clearer BoC hikes, and resolved USMCA talks.

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