Monthly Archives: May 2026
Baker Hughes reports US oil rigs have risen to 408, increasing by one from 407
Written on May 2, 2026 at 12:26 am, by josephine
Baker Hughes says U.S. active oil rigs rose to 408, up one from the previous 407 count.
DJIA futures hovered near 50,000, rising from 48,500 lows, as Iran offer eased tariff concerns
Written on May 2, 2026 at 12:23 am, by josephine
Futures rose toward 50,000; oil slid on Iran diplomacy; Apple jumped; Trump tariffs; mixed ISM data.
With DXY near two-week lows, they watch Nonfarm Payrolls and US-Iran talks amid hawkish central banks
Written on May 1, 2026 at 11:55 pm, by josephine
DXY hit two-week low near 98; markets eye US-Iran talks and key jobs data, including NFP.
Trump stated he will raise tariffs on EU-imported cars and trucks, announcing the plan via Truth Social
Written on May 1, 2026 at 11:53 pm, by josephine
Trump said US will impose 25% tariffs on EU cars and trucks next week, citing deal noncompliance.
WTI crude retreats, paring weekly gains, as Iran’s proposal boosts optimism for renewed US-Iran diplomatic talks
Written on May 1, 2026 at 11:26 pm, by josephine
WTI slid near $99 as new Iran proposal raised talk hopes; Hormuz risks persist; uptrend held.
Silver trades near $76, rising 3.05%, as renewed demand counters tight Fed policy and inflation fears
Written on May 1, 2026 at 11:23 pm, by josephine
Silver neared $76, up 3%, as safe-haven and inflation demand offset higher-rate headwinds, hawkish Fed.
Iran tensions and earnings shifts keep traders focused, putting S&P 7,300 firmly back into contention
Written on May 1, 2026 at 10:56 pm, by josephine
Iran-US talks proposal lifts sentiment; SOX/SPX nears resistance, S&P 500 targets 7,300, possibly 7,700 later.
USD/JPY levels off, after Japanese intervention curbs yen weakness, holding near 156.67 following 155.48 low
Written on May 1, 2026 at 10:53 pm, by josephine
USD/JPY steadied near 156.67 after Japan’s intervention-backed yen rebound; focus shifts to US data and risks.
Geopolitical developments in the US-Iran war weaken the Dollar, boosting EUR/USD towards week-highs near 1.1768
Written on May 1, 2026 at 10:26 pm, by josephine
EUR/USD climbed near 1.1768 as US-Iran tensions weakened the Dollar; mixed data kept ECB, Fed steady.
Near recent highs, NZD/USD edges up to 0.5915 as mixed US data caps Dollar gains
Written on May 1, 2026 at 10:23 pm, by josephine
NZD/USD rose to 0.5915 as softer dollar, easing Middle East fears, mixed US data supported pair.
