Monthly Archives: May 2026
Goldman Sachs continues a bullish run, with Elliott Wave analysis outlining routes and targets beyond $1,000
Written on May 5, 2026 at 4:53 pm, by josephine
Goldman Sachs shows bullish Elliott Wave setup, targeting $1035–$1114 if March 2026 low holds, new highs.
After touching a record peak, USD/INR dips as the dollar eases, while tensions cap rupee gains
Written on May 5, 2026 at 4:26 pm, by josephine
USD/INR dipped after record high as Middle East tensions and oil surge pressured rupee, spurring dollar demand.
Societe Generale says Brent jumped 4% as Hormuz tensions outweighed the UAE’s OPEC and OPEC+ departure
Written on May 5, 2026 at 4:23 pm, by josephine
UAE exits OPEC May 1; Brent rises 4% as Hormuz tensions dominate supply concerns and exports.
Chris Turner says intervention’s effect on USD/JPY is waning, while energy, US yields and BoJ dovishness weaken yen
Written on May 5, 2026 at 3:56 pm, by josephine
USD/JPY rebounds as intervention fades; BoJ sold $30bn, pressures persist; pair seen drifting toward 160.
America’s Redbook Index rose year-on-year to 7.8%, edging up from the previous 7.7% reading
Written on May 5, 2026 at 3:53 pm, by josephine
US Redbook Index annual growth ticked up to 7.8% in May, slightly above April’s 7.7% reading.
Following a bearish pullback, Nasdaq bulls retest record highs near 28,800; breakout buys, reversal dips
Written on May 5, 2026 at 3:26 pm, by josephine
Nasdaq retests all-time high; breakout may spur buying, rejection may cause pullback toward ET zones 7–8 soon.
Oil-backed Canadian dollar caps USD/CAD recovery, keeping pair stable near 1.3600 amid mild risk aversion
Written on May 5, 2026 at 3:23 pm, by josephine
USD/CAD dips to 1.3615 as US-Iran tensions support dollar, while high oil supports Canadian dollar.
BBH’s Elias Haddad says Swiss inflation was mixed: energy lifted headline, while core fell markedly to lows
Written on May 5, 2026 at 2:57 pm, by josephine
Switzerland’s April CPI was mixed: headline rose to 0.6%, core hit multi-year low, easing SNB hike bets.
The US dollar strengthens as hawkish Fed expectations, rising oil and Gulf tensions underpin short-term rates, aiding DXY
Written on May 5, 2026 at 2:53 pm, by josephine
Hawkish Fed and elevated oil prices lift short-dated US rates, supporting dollar as DXY targets 99–99.50.
TD Securities says AUD/USD upside fades as RBA hikes 25bps to 4.35%, Bullock hints pausing
Written on May 5, 2026 at 2:27 pm, by josephine
RBA hikes 25bp to 4.35% on 8–1 vote; AUD constructive, AUD/NZD eyeing 1.24; US data resilient.
