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5

May 2026
BNY’s Bob Savage says Hormuz shipping gauges energy risk, while ceasefire doubts and possible US policy unsettle prices

Oil markets watch Hormuz shipping amid ceasefire doubts; US seeks strike authorization. Brent/WTI fall, Oman/Dubai rise.

5

May 2026
Goldman Sachs continues a bullish run, with Elliott Wave analysis outlining routes and targets beyond $1,000

Goldman Sachs shows bullish Elliott Wave setup, targeting $1035–$1114 if March 2026 low holds, new highs.

5

May 2026
After touching a record peak, USD/INR dips as the dollar eases, while tensions cap rupee gains

USD/INR dipped after record high as Middle East tensions and oil surge pressured rupee, spurring dollar demand.

5

May 2026
Societe Generale says Brent jumped 4% as Hormuz tensions outweighed the UAE’s OPEC and OPEC+ departure

UAE exits OPEC May 1; Brent rises 4% as Hormuz tensions dominate supply concerns and exports.

5

May 2026
Chris Turner says intervention’s effect on USD/JPY is waning, while energy, US yields and BoJ dovishness weaken yen

USD/JPY rebounds as intervention fades; BoJ sold $30bn, pressures persist; pair seen drifting toward 160.

5

May 2026
America’s Redbook Index rose year-on-year to 7.8%, edging up from the previous 7.7% reading

US Redbook Index annual growth ticked up to 7.8% in May, slightly above April’s 7.7% reading.

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