Monthly Archives: May 2026
BoE rate outlook hinges on oil prices as DBS flags autumn hike risk and hedging trades
Written on May 19, 2026 at 8:47 pm, by josephine
DBS says BoE outlook hinges on oil; baseline $108/bbl sees CPI 3.7% by end-2026, prompting 1–2 hikes.
NZD/USD Slides as US-Iran Uncertainty and Fed Hawkishness Support the US Dollar
Written on May 19, 2026 at 8:20 pm, by josephine
NZD/USD slips to 0.5835 as Iran uncertainty and higher oil boost USD; NZ PPI beats forecasts.
Canadian Dollar softens as USD/CAD tests 1.38 amid policy divergence and oil dip
Written on May 19, 2026 at 8:17 pm, by josephine
Canadian Dollar weakens as USD/CAD rises; Scotiabank sees pair overvalued, key resistance near 1.38, support 1.3720.
US Pending Home Sales Return to Growth as Lower Mortgage Rates Lift Housing Demand
Written on May 19, 2026 at 7:49 pm, by josephine
US pending home sales increased 3.2% year-on-year in April, reversing March’s decline as signed contracts rose.
US Pending Home Sales Beat Forecast, Clouding Fed Cut Outlook and Lending Support to Dollar
Written on May 19, 2026 at 7:47 pm, by josephine
Pending U.S. home sales rose 1.4% in April, beating the 1.0% forecast and signaling improved demand.
Oil whipsaws as Iran tensions, waiver headlines and soft China demand keep Brent near $85
Written on May 19, 2026 at 6:56 pm, by josephine
Oil prices swing amid Iran and Gulf disruptions; temporary US waivers on Iranian and Russian oil ease supply fears.
Gold slips to late-March lows as rising US yields and firmer dollar outweigh Iran tensions
Written on May 19, 2026 at 6:53 pm, by josephine
Gold slides to $4,482 as higher yields, stronger dollar, and Iran tensions shift focus to inflation.
BNP Paribas Sees Europe Recasting Industry Amid China Rivalry, Backed by Defence, AI and Energy Shift
Written on May 19, 2026 at 6:49 pm, by josephine
Europe confronts China’s industrial surge, adapts via defence, electrification and AI investment, while securing supply chains.
AI chip rotation lifts Intel and AMD as Elliott Wave points to $144 target amid Nvidia slowdown
Written on May 19, 2026 at 6:47 pm, by josephine
Semiconductors shift to infrastructure leaders; Elliott Wave sees Intel wave III targeting 144.07 amid strong 2026 gains.
Costco shares consolidate near $1,125 as bullish wave targets $1,149–$1,262 and $1,515
Written on May 19, 2026 at 5:50 pm, by josephine
Costco (COST) remains bullish above $844.06; breakout over $1080 targets $1515+, with Elliott wave projections.