Monthly Archives: May 2026
BIS REER suggests euro-dollar convergence as undervalued yen pressures Europe and fuels intervention watch
Written on May 14, 2026 at 7:25 pm, by josephine
BIS REER shows euro-dollar valuations converging, yen undervalued; US-Japan coordination continues as intervention impact fades.
Nvidia jumps as US clears H200 chip sales to China, extending rally towards $240
Written on May 14, 2026 at 7:23 pm, by josephine
Nvidia rises premarket as US approves H200 chip imports to China; seventh straight gain possible; markets mixed.
UOB Sees Fed Holding Rates Until 2027 as Hotter Inflation Pushes Back Cuts
Written on May 14, 2026 at 6:56 pm, by josephine
UOB now sees Fed holding rates through 2026, then cutting twice in 2027 amid persistent inflation pressures.
Pool Corp seen extending wave (II) decline towards $123 support before next bullish wave (III)
Written on May 14, 2026 at 6:53 pm, by josephine
POOL remains in bullish Elliott Wave; wave (II) correction ongoing, may drop toward 123 before wave (III).
Sterling Edges Higher on Strong UK GDP as Political Risk Caps Gains Against Euro
Written on May 14, 2026 at 6:26 pm, by josephine
EUR/GBP stayed choppy near 0.8659; strong UK GDP buoyed Sterling despite political risks and energy-driven inflation.
ICE shares consolidate in triangle, with Elliott Wave correction eyeing 133 support before renewed uptrend
Written on May 14, 2026 at 6:23 pm, by josephine
ICE remains bullish long-term; wave ((4)) A-B-C with triangle in (B) implies further (C) drop toward 133.36.
NOK/SEK extends rally as Norges Bank stays hawkish while Riksbank cuts, Rabobank targets 1.06
Written on May 14, 2026 at 5:55 pm, by josephine
NOK/SEK up 11% YTD as hawkish Norges Bank and energy exports boost krone; Rabobank targets 1.02.
Russia March trade surplus beats forecasts, bolstering rouble outlook amid firmer oil export revenues
Written on May 14, 2026 at 5:53 pm, by josephine
Russia’s March foreign trade balance hit $13.966bn, beating the $11.8bn forecast by $2.166bn overall.
Sterling’s post-Iran conflict gains fade as UK political risk dents BoE rate-hike hopes
Written on May 14, 2026 at 5:26 pm, by josephine
Sterling outperformed EUR and CHF post–Operation Epic Fury, but May dips reflect UK politics and BoE expectations.
US jobless claims rise to 211,000 as labour market cools, keeping Fed cut bets alive
Written on May 14, 2026 at 5:23 pm, by josephine
US jobless claims rose to 211K; continuing claims hit 1.782M as DXY edged higher amid uncertainty.
