Monthly Archives: May 2026
St Louis Fed’s Musalem flags tariff and war uncertainty as inflation risks keep rates in play
Written on May 6, 2026 at 9:53 pm, by josephine
St. Louis Fed’s Musalem says tariffs and war add uncertainty as inflation risks rise; rates may stay.
EUR/JPY Slips as Intervention Fears Lift Yen While Eurozone Inflation Stays Firm Amid Weak Growth
Written on May 6, 2026 at 9:26 pm, by josephine
EUR/JPY fell near 183.50 as yen demand rose on intervention fears; Eurozone producer inflation jumped sharply.
QXO shares test year-long rising trendline near $19 as traders weigh bounce against breakdown
Written on May 6, 2026 at 9:23 pm, by josephine
QXO tests long-term rising trendline near $19; support has held repeatedly, suggesting entry with tight stop.
EIA crude stocks post smaller draw, raising doubts over summer demand and capping WTI upside
Written on May 6, 2026 at 8:56 pm, by josephine
US EIA reports crude stockpiles fell 2.314 million barrels in week ending May 1, missing forecasts.
Dollar stuck in tight range as payrolls fade and CPI steers Fed outlook
Written on May 6, 2026 at 8:53 pm, by josephine
Dollar stuck near 98 DXY as volatility fades; payrolls seen capped, CPI and Middle East drive downside risks.
Gold rallies as dollar and oil slide on US-Iran deal hopes; traders brace for volatility
Written on May 6, 2026 at 8:30 pm, by josephine
Gold jumped over 3% as dollar and oil fell on progress toward US-Iran deal, easing tensions.
EUR/GBP steady as Iran deal headlines fade; UK-EZ PMI gap favours sterling, options target 0.8500
Written on May 6, 2026 at 8:28 pm, by josephine
EUR/GBP steadied near 0.8635 as US-Iran deal headlines and mixed PMIs left euro and pound directionless.
Eurozone PMI Slump and Sticky Inflation Put ECB in Bind, Raising Downside Risks for Euro
Written on May 6, 2026 at 8:25 pm, by josephine
Eurozone April PMI slumped into contraction; services hit multiyear low as costs and prices rose, pressuring euro.
Canada’s Ivey PMI surge challenges BoC cut bets, supporting Canadian dollar and TSX upside
Written on May 6, 2026 at 8:23 pm, by josephine
Canada’s April Ivey PMI surged to 57.7, beating the 49.9 forecast and signaling economic expansion.
USD/CAD Holds Steady as Softer Oil Offsets Risk Mood; BoC Briefing and 1.35 Support in Focus
Written on May 6, 2026 at 7:23 pm, by josephine
USD/CAD steady as oil slips, risk appetite improves; BoC testimony looms, technicals keep bearish bias.
