Monthly Archives: May 2026
April’s US ISM Services PMI came in at 53.6, slightly under the 53.7 forecast estimate
Written on May 5, 2026 at 5:53 pm, by josephine
US ISM Services PMI eased to 53.6 in April, slightly below 53.7 forecast, still signaling expansion.
In April, the US ISM Services Employment Index rose to 48, from 45.2 previously
Written on May 5, 2026 at 5:26 pm, by josephine
US ISM Services Employment Index rose to 48 in April from 45.2, indicating slower employment decline.
In April, the US ISM services new orders index dropped to 53.5 from 60.6 previously
Written on May 5, 2026 at 5:23 pm, by josephine
ISM Services New Orders Index declined to 53.5 in April from 60.6, signaling slower services growth.
BNY’s Bob Savage says Hormuz shipping gauges energy risk, while ceasefire doubts and possible US policy unsettle prices
Written on May 5, 2026 at 4:56 pm, by josephine
Oil markets watch Hormuz shipping amid ceasefire doubts; US seeks strike authorization. Brent/WTI fall, Oman/Dubai rise.
Goldman Sachs continues a bullish run, with Elliott Wave analysis outlining routes and targets beyond $1,000
Written on May 5, 2026 at 4:53 pm, by josephine
Goldman Sachs shows bullish Elliott Wave setup, targeting $1035–$1114 if March 2026 low holds, new highs.
After touching a record peak, USD/INR dips as the dollar eases, while tensions cap rupee gains
Written on May 5, 2026 at 4:26 pm, by josephine
USD/INR dipped after record high as Middle East tensions and oil surge pressured rupee, spurring dollar demand.
Societe Generale says Brent jumped 4% as Hormuz tensions outweighed the UAE’s OPEC and OPEC+ departure
Written on May 5, 2026 at 4:23 pm, by josephine
UAE exits OPEC May 1; Brent rises 4% as Hormuz tensions dominate supply concerns and exports.
Chris Turner says intervention’s effect on USD/JPY is waning, while energy, US yields and BoJ dovishness weaken yen
Written on May 5, 2026 at 3:56 pm, by josephine
USD/JPY rebounds as intervention fades; BoJ sold $30bn, pressures persist; pair seen drifting toward 160.
America’s Redbook Index rose year-on-year to 7.8%, edging up from the previous 7.7% reading
Written on May 5, 2026 at 3:53 pm, by josephine
US Redbook Index annual growth ticked up to 7.8% in May, slightly above April’s 7.7% reading.
Following a bearish pullback, Nasdaq bulls retest record highs near 28,800; breakout buys, reversal dips
Written on May 5, 2026 at 3:26 pm, by josephine
Nasdaq retests all-time high; breakout may spur buying, rejection may cause pullback toward ET zones 7–8 soon.
