Monthly Archives: May 2026
US weekly API crude oil inventories fell 8.1 million barrels, exceeding forecasts for a 2.8 million drawdown
Written on May 6, 2026 at 2:28 am, by josephine
US weekly API crude inventories fell 8.1 million barrels to May 1, beating forecasts for 2.8 million drop.
UOB economists say Indonesia’s 1Q26 GDP rose 5.61% annually, underpinned by spending, consumption, investment constraints
Written on May 6, 2026 at 2:25 am, by josephine
Indonesia’s 1Q26 GDP rose 5.61%, beating forecasts, powered by spending; sustaining growth hinges on fiscal limits.
USD/CHF slips 0.12% in North America, encountering resistance near 0.7842–57 from 20/50/100-day SMAs
Written on May 6, 2026 at 2:23 am, by josephine
USD/CHF slides to 0.7830, rejected at SMA resistance; bearish bias persists, with key support near 0.7800.
Bhargava says Philippine inflation hit a three-year high, fuelled by food and fuel, risking BSP hikes, 2Q averaging above 8%
Written on May 6, 2026 at 1:25 am, by josephine
Philippine inflation surged to 7.2% in April; food and fuel pressures may force faster BSP tightening.
Silver rebounds to $73.22, staying under $75, as bearish momentum persists and risk appetite improves
Written on May 6, 2026 at 1:23 am, by josephine
Silver rises 0.69% to $73.22 but stays under $75; bearish RSI, key supports near $70.
Gold climbs 1% after US-Iran ceasefire boosts risk appetite, rebounding from $4,500 lows to $4,560
Written on May 6, 2026 at 12:56 am, by josephine
Gold gains near $4,560 as yields slip; US–Iran tensions persist, Fed pause outlook supports bullion.
Radhika Rao of DBS reviews BJP’s West Bengal gains, Assam re-election, plus political changes in Tamil Nadu, Kerala
Written on May 6, 2026 at 12:53 am, by josephine
State elections shift political landscape; rising welfare spending widens deficits, pressuring markets and spotlighting infrastructure-linked sectors.
With oil easing, USD/CAD hovers near 1.3620, staying below 1.3700 as bears dominate trading
Written on May 6, 2026 at 12:26 am, by josephine
USD/CAD held rangebound as oil dipped and dollar firmed; traders await jobs data, technicals remain bearish.
OCBC strategists say Asian currencies weakened as rising oil prices sparked by Middle East tensions rattled markets
Written on May 6, 2026 at 12:23 am, by josephine
Asian currencies fell as Middle East tensions lifted oil prices, boosting inflation risks and strengthening US dollar.
EUR/USD strengthens as softer US data and lower gas costs reduce Treasury yields, pressuring the dollar
Written on May 5, 2026 at 11:56 pm, by josephine
Euro rises near 1.1700 as oil dips drag US yields; Middle East risks, ECB/Fed rate outlooks watched.
