Monthly Archives: May 2026
Bob Savage says the ECB leans towards a June rate cut, unlike the BoE awaiting confirmation
Written on May 4, 2026 at 4:31 pm, by josephine
ECB signals possible June rate change, while BoE waits; diverging Nordic outlooks sway European pricing.
During the European session, XAU/USD slides below $4,550, with sellers targeting prior lows near $4,500
Written on May 4, 2026 at 4:28 pm, by josephine
Gold slid under $4,550 as US-Iran Hormuz tensions boosted dollar; traders eye $4,500 support, bearish.
BNY’s Bob Savage says ECB signals June rate cut, while BoE waits for clearer evidence, shifting stance
Written on May 4, 2026 at 4:25 pm, by josephine
ECB signals potential June rate cut, diverging from cautious BoE; Nordic banks watched as tightening expectations shift.
During the European session, gold dips below $4,550, with bears targeting last Thursday’s $4,500 low
Written on May 4, 2026 at 4:23 pm, by josephine
Gold slips below $4,550 as risk-off dollar strength, US-Iran tensions intensify; bearish technicals point toward $4,500.
Reports of Iran striking a US warship drove crude oil higher amid escalating Middle East tensions in Europe
Written on May 4, 2026 at 3:28 pm, by josephine
Oil prices surged 4% as Iran reported missiles hit a US warship near Strait of Hormuz.
Reuters cited Fars saying two missiles struck a US warship near Jask after it ignored Iranian warnings
Written on May 4, 2026 at 3:26 pm, by josephine
Iran claims missiles hit US warship near Jask; Navy blocked Hormuz entry, markets turned risk-off.
Geopolitical unrest lifts the US Dollar, sending DXY back above 98, yet within recent lower ranges
Written on May 4, 2026 at 3:23 pm, by josephine
Dollar index climbed above 98 as US–Iran tensions and rising oil pressured euro, yen; markets awaited jobs data.
Commerzbank says oil boosts CAD briefly, but weak economy and USMCA talks limit USD/CAD falls till Q4
Written on May 4, 2026 at 2:56 pm, by josephine
Oil boosts Canadian Dollar temporarily; lasting strength needs economic improvement, clearer BoC hikes, and resolved USMCA talks.
EUR/JPY hovers near 184.00, dipping 0.04%, reflecting Eurozone resilience versus intervention-backed Yen demand
Written on May 4, 2026 at 2:53 pm, by josephine
EUR/JPY near 184.00 as upbeat Eurozone data and ECB stance offset safe-haven Yen demand.
HSBC Asset Management says US equities hit highs, keep valuation premium, with 2026 profit growth forecast 15%
Written on May 4, 2026 at 2:29 pm, by josephine
Global valuations look fuller: US stays pricey but justified, Taiwan most expensive; Korea discounted; Brazil rerated.
