Monthly Archives: May 2026
USD/CAD climbs to 1.3617, gaining 0.22%, as Strait of Hormuz tensions bolster the US dollar
Written on May 4, 2026 at 8:26 pm, by josephine
USD/CAD climbed to 1.3617 as Hormuz tensions boosted the dollar; oil rose, jobs reports awaited Friday.
BNP Paribas economists see UK inflation sustaining BoE tightening, while growth halves by 2026 as quarterly gains fade
Written on May 4, 2026 at 8:23 pm, by josephine
BNP Paribas forecasts UK growth slowing in 2026, inflation rising, tighter policy, elevated gilts, steady yen/sterling.
US factory orders rose 1.5% month-on-month in March, exceeding forecasts of a 0.5% increase
Written on May 4, 2026 at 7:56 pm, by josephine
US factory orders climbed 1.5% in March, beating forecasts of a 0.5% month-on-month increase.
Silver begins the week lower near $73.50, falling 2.41% as dollar strength and yields rise
Written on May 4, 2026 at 7:53 pm, by josephine
Silver fell near $73.50 as dollar and yields rose; Hormuz tensions and Fed tightening expectations pressured metals.
TD Securities expect US labour metrics to normalise, forecasting 80k payrolls, 4.3% joblessness and modest wages
Written on May 4, 2026 at 7:32 pm, by josephine
TD Securities sees 80k payroll gains, 4.3% unemployment, modest wage growth, softer services, Fed patience.
Commerzbank’s Pfister sees EUR/CHF climbing soon as euro strengthens and SNB hike expectations diminish, via rhetoric
Written on May 4, 2026 at 7:29 pm, by josephine
Pfister sees EUR/CHF rising as ECB hikes and SNB stays steady, then franc regains strength later.
Bessent told Fox News the US controls and is reopening the Strait of Hormuz, Reuters reports
Written on May 4, 2026 at 7:26 pm, by josephine
Bessent claims US has absolute control of Strait of Hormuz, urges pressure on Iran, expects gas prices fall.
BNY’s Bob Savage notes RBNZ’s Prasanna Gai rejects automatic rate rises after Strait of Hormuz shocks
Written on May 4, 2026 at 7:23 pm, by josephine
RBNZ’s Gai says Hormuz supply shock doesn’t warrant automatic hikes; favors look-through approach; neutral rate up.
BNP Paribas forecasts above-trend 2026 US growth, 2.4% GDP, 3.3% inflation, Fed rates steady at 3.5%-3.75%
Written on May 4, 2026 at 6:25 pm, by josephine
BNP Paribas sees stronger 2026 US growth, inflation above target, steady Fed rates, and gradual dollar weakening.
Brazil’s S&P Global Manufacturing PMI climbed to 52.6 in April, up from 49 previously
Written on May 4, 2026 at 6:23 pm, by josephine
Brazil’s S&P Global Manufacturing PMI rose to 52.6 in April from 49, signaling renewed expansion.
