Monthly Archives: May 2026
S&P Global US Composite PMI at 51.7 in May points to steady expansion, delayed rate cuts
Written on May 21, 2026 at 6:47 pm, by josephine
S&P Global US Composite PMI rose to 51.7 in May, signaling overall business activity expanded above 50.
Sterling slips versus yen after PMI shock as oil rallies and intervention risks resurface
Written on May 21, 2026 at 6:19 pm, by josephine
Pound slips versus Yen as PMI data weaken; GBP/JPY near 213.40, markets await UK sales, Japan CPI.
Oil slides as US-Iran deal hopes overshadow tightening inventories and record export-driven drawdowns
Written on May 21, 2026 at 6:17 pm, by josephine
Oil prices slipped as Iran deal hopes rose, despite record US inventory draws and strong exports.
Dollar firms as rising US yields bolster Fed hike bets, while AI-led risk appetite caps gains
Written on May 21, 2026 at 5:49 pm, by josephine
US dollar firms as yields rise; Fed minutes hint tightening, but inflation forecast tempers hikes; risk appetite limits gains.
Eurozone PMI slump and energy-driven inflation keep ECB on course for June rate rise amid Gulf risks
Written on May 21, 2026 at 5:47 pm, by josephine
Eurozone PMI drops signal weak Q2 growth, but rising input costs strain ECB; June hike likely, energy risks.
Sterling consolidates near 1.3440 as weak PMIs and UK swap repricing fears weigh on outlook
Written on May 21, 2026 at 5:19 pm, by josephine
GBP/USD steadies near 1.3440 as weak UK PMI dents sterling and traders trim BoE hike expectations.
USD/JPY hovers near 159 as intervention fears cap gains and traders eye options hedges
Written on May 21, 2026 at 5:17 pm, by josephine
USD/JPY hovers near 159 amid intervention fears; falling yields and oil bolster yen, trade surplus lifts BOJ hopes.
US jobless claims dip to 209,000, bolstering dollar and reinforcing higher-for-longer Fed stance
Written on May 21, 2026 at 4:51 pm, by josephine
US initial jobless claims fell to 209K, below forecasts; dollar firmer as labor data guides Fed policy.
US continuing jobless claims undershoot forecasts, reinforcing Fed higher-for-longer rate outlook
Written on May 21, 2026 at 4:47 pm, by josephine
US continuing jobless claims fell to 1.782 million in week ending 8 May, beating 1.79 million forecast.
US Building Permits Beat Forecast in April, Strengthening Housing Outlook and Clouding Fed Rate-Cut Path
Written on May 21, 2026 at 4:17 pm, by josephine
US building permits rose to 1.442M in April, beating the 1.39M forecast by 0.052M month-on-month.
