Monthly Archives: May 2026
Commerzbank’s Volkmar Baur says traders expect another RBA hike as inflation stays elevated, rhetoric hawkish
Written on May 4, 2026 at 5:23 pm, by josephine
RBA meets tomorrow; forecasts favour another 25bp hike as inflation stays high and expectations rise.
An Iranian official said Iran warned a US warship in Hormuz; damage status remained uncertain, Reuters reported
Written on May 4, 2026 at 4:55 pm, by josephine
Iran fired warning shot at US warship near Strait of Hormuz; dollar firmed on tensions.
Heightened US-Iran tensions dampen sentiment as Sterling retraces gains, pushing GBP/USD below 1.3550 from 1.3650 highs
Written on May 4, 2026 at 4:53 pm, by josephine
GBP retreats below 1.3550 as Middle East tensions boost safe-haven USD; Iran report lifts oil, risk aversion.
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.
