Monthly Archives: May 2026
Canada jobless rate climbs to 6.9% as employment falls, weighing on the Canadian Dollar
Written on May 8, 2026 at 3:23 pm, by josephine
Canada’s unemployment rose to 6.9% in April; jobs fell 17.7K, wages cooled; USD/CAD stayed firm.
Sterling Rallies as Risk Appetite Holds, Markets Eye US Payrolls and Bank of England Signals
Written on May 8, 2026 at 2:27 pm, by josephine
Sterling gained in Europe as risk appetite improved on US–Iran ceasefire hopes, ahead of key US jobs data.
Trade Deficit Drive Weighs on Dollar as Steady Jobs Data Keeps Currency Range-Bound
Written on May 8, 2026 at 2:23 pm, by josephine
Narrowing US trade deficit may reduce dollar recycling into securities, weighing on USD; jobs and sentiment awaited.
Gold edges up as China extends central bank buying streak amid Middle East tensions
Written on May 8, 2026 at 2:02 pm, by josephine
Gold edges higher on safe-haven demand; China’s central bank logs 18th straight month of purchases.
Iran’s Araghchi condemns US tanker actions as markets shrug off Strait of Hormuz risk
Written on May 8, 2026 at 1:59 pm, by josephine
Iran condemns U.S. Navy actions against two tankers, rejects missile claims, and warns Tehran won’t yield.
TD Securities job forecast upended as US payrolls surge, fuelling hawkish Fed repricing and hedging strategies
Written on May 8, 2026 at 1:56 pm, by josephine
TD Securities predicts 80k April payroll gain, driven by healthcare; unemployment 4.3%, earnings +0.2% m/m, 3.7% y/y.
Silver jumps above $80 as dollar slips, with payrolls data and Middle East tensions in focus
Written on May 8, 2026 at 1:53 pm, by josephine
Silver jumped to $80.85 as dollar weakened; traders awaited US NFP data amid Hormuz tensions, ceasefire.
Labour’s local election losses stoke Starmer resignation talk, raising EUR/GBP upside risks
Written on May 8, 2026 at 12:56 pm, by josephine
Labour suffers major UK local election losses; pending results pressure Starmer, weaken GBP, raising EUR/GBP and borrowing fears.
Gold rallies past $4,891 after weak US jobs report revives Fed cut bets, dollar slides
Written on May 8, 2026 at 12:53 pm, by josephine
Gold steadied below two-week highs as traders awaited NFP; Hormuz tensions and softer oil supported prices.
Brent crude whipsawed by Washington war signals as thin liquidity fuels $7bn suspicious trading surge
Written on May 8, 2026 at 12:26 pm, by josephine
Brent crude whipsawed on shifting US-Iran signals and thin liquidity, amid suspicious pre-announcement trading activity.
