Monthly Archives: May 2026
BNY’s Bob Savage says suspected intervention strengthened yen; officials target 155–158, eyeing crude to curb weakness
Written on May 1, 2026 at 7:55 pm, by josephine
Suspected Japanese intervention spent $34.5bn, strengthening yen; focus shifts to USD/JPY 155–158 amid further action fears.
April saw the US S&P Global Manufacturing PMI reach 54.5, beating forecasts of 54
Written on May 1, 2026 at 7:53 pm, by josephine
U.S. S&P Global Manufacturing PMI rose to 54.5 in April, beating 54 forecast, signaling continued factory expansion.
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Cleveland Fed’s Hammack dissented, saying easing bias is outdated as inflation risks rise amid resilient economy.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.
