Monthly Archives: May 2026
BNP Paribas expects eurozone growth to ease by 2026, while inflation rises into 2027, aiding ECB tightening
Written on May 4, 2026 at 11:56 pm, by josephine
Eurozone growth slows in 2026 amid Middle East spillovers; inflation rises, ECB expected to hike rates twice.
GBP/USD declines as Hormuz tensions bolster the US dollar, with Iran warning the US Navy away
Written on May 4, 2026 at 11:53 pm, by josephine
GBP/USD slid as Middle East tensions boosted safe-haven dollar demand, despite later rebound on yen-intervention speculation.
Katayama stated Japan stands ready, under a US bilateral accord, to counter speculative foreign-exchange movements decisively
Written on May 4, 2026 at 11:26 pm, by josephine
Japan warns of decisive FX action as USD/JPY tests 157.50; yen-buying interventions, oil risks persist.
Gold starts the week near one-month lows; Middle East tensions and hawkish US outlook bolster the dollar
Written on May 4, 2026 at 11:23 pm, by josephine
Gold slid near one-month lows as US-Iran tensions and high yields pressured prices; support eyed near $4,400.
EUR/GBP ticks up amid heightened Middle East volatility, as UK political uncertainty weighs slightly on sterling
Written on May 4, 2026 at 10:56 pm, by josephine
EUR/GBP rose as Middle East tensions and UK political uncertainty lifted volatility; oil-driven rate expectations supported sterling.
Mercan says Turkey’s April CPI hit 32.4%, exceeding expectations and the central bank’s 16% target amid energy shocks
Written on May 4, 2026 at 10:53 pm, by josephine
Turkey’s April inflation hit 4.1%, lifting annual CPI to 32.4%, driven by food, housing, transport.
Amid Hormuz tensions and Iran threats, the US Dollar strengthens, pushing GBP/USD down to 1.3531
Written on May 4, 2026 at 10:26 pm, by josephine
GBP/USD slid to 1.3531 as Hormuz tensions and higher oil boosted the dollar; markets await US data.
Ahead of the RBA policy decision, AUD/USD hovers around 0.7190, with Middle East tensions capping gains
Written on May 4, 2026 at 10:23 pm, by josephine
AUD/USD hovers near 0.7190 pre-RBA decision; expected 25bp hike, fragile risk sentiment, key levels monitored.
Following suspected Japanese intervention, USD/JPY hovers near 157.00, recovering from an Asian-session dip to 155.71
Written on May 4, 2026 at 9:55 pm, by josephine
USD/JPY near 157 after dip; intervention chatter grows as Japan signals readiness amid dollar-supporting risks.
Societe Generale’s Kunal Kundu says India’s March IIP rose 4.1%, easing, as core sectors fell, power softened
Written on May 4, 2026 at 9:53 pm, by josephine
India’s March IIP grew 4.1%, core sector contracted; manufacturing rose, while disruptions may hit MSMEs later.
