Monthly Archives: May 2026
After earlier selling amid suspected Tokyo intervention, GBP/JPY rebounds modestly as buyers protect the 100-day SMA
Written on May 1, 2026 at 7:23 pm, by josephine
GBP/JPY rebounded after suspected Tokyo intervention; pair eyed resistance 214.50, downside risks persist amid weak yen.
Canada’s S&P Global Manufacturing PMI rose to 53.3 in April, up from 50 previously, indicating expansion
Written on May 1, 2026 at 6:58 pm, by josephine
Canada’s S&P Global Manufacturing PMI rose to 53.3 in April, signaling stronger manufacturing conditions and expansion.
Ahead of Tuesday’s RBA decision, AUD/USD stays near 0.7200, steady, as traders await a likely hike
Written on May 1, 2026 at 6:56 pm, by josephine
AUD/USD hovered near 0.7200 as markets awaited RBA decision; inflation, Middle East risks, and Fed outlook watched.
Makhlouf warns prolonged Middle East conflict uncertainty could keep energy prices elevated for longer, Reuters reports
Written on May 1, 2026 at 6:53 pm, by josephine
Makhlouf warned Middle East conflict uncertainty may keep energy prices high; ECB watches inflation expectations, wages, and costs.
During Europe’s session, Sterling slips slightly versus major peers, trading near 1.3590 against the US Dollar
Written on May 1, 2026 at 6:26 pm, by josephine
Sterling dipped near 1.3590, but stayed firm as investors expect Bank of England rate hikes soon.
Cleveland Fed President Beth Hammack dissented, arguing rising economic and policy uncertainty makes an easing bias inappropriate
Written on May 1, 2026 at 6:23 pm, by josephine
Cleveland Fed’s Hammack dissented, saying easing bias is outdated as inflation risks rise amid resilient economy.
Iran, via Pakistani mediators, reportedly delivered Washington a fresh peace plan and amendments response, citing sources
Written on May 1, 2026 at 5:56 pm, by josephine
Iran proposed ending war, responding to US amendments via Pakistan; dollar fell, futures mixed after headline.
Kashkari dissented over Hormuz-related uncertainty, urging the Fed’s statement to flag potential successive rate hikes
Written on May 1, 2026 at 5:53 pm, by josephine
Kashkari dissented, urging Fed highlight Hormuz risks: price shocks could raise expectations, forcing hikes or holding rates.
Huw Pill urged quicker action on fresh inflation pressures, viewing tighter financial conditions as appropriate response
Written on May 1, 2026 at 5:33 pm, by josephine
BoE economist Huw Pill backs tighter conditions, urges rate flexibility, warns disinflation may stall amid Iran-war inflation risks.
US ISM’s April Manufacturing PMI releases at 14:00 GMT, potentially influencing EUR/USD volatility and direction
Written on May 1, 2026 at 5:30 pm, by josephine
April US ISM Manufacturing PMI expected 53.0; markets watch prices, jobs, Fed rate outlook and EUR/USD levels.
