Monthly Archives: May 2026
TD Securities’ Both and Lawrence predict the Bank of Canada holds 2.25% until 2026, rising to 2.75% in 2027
Written on May 4, 2026 at 5:56 pm, by josephine
TD Securities expects BoC hold at 2.25% through 2026; two hikes lift neutral rate to 2.75% early-2027.
Societe Generale says April confidence slumped, dimming eurozone outlook, with low indices, tightening credit, and demand subdued
Written on May 4, 2026 at 5:53 pm, by josephine
Euro area confidence slid to multi-year lows; weak demand persists despite slight GDP growth and mixed outlook.
In April, South Africa’s total new vehicle sales fell to 47,979 from the prior 58,060 figure
Written on May 4, 2026 at 5:26 pm, by josephine
South Africa’s total new vehicle sales dropped to 47,979 in April, down from 58,060 previously.
Commerzbank’s Volkmar Baur says traders expect another RBA hike as inflation stays elevated, rhetoric hawkish
Written on May 4, 2026 at 5:23 pm, by josephine
RBA meets tomorrow; forecasts favour another 25bp hike as inflation stays high and expectations rise.
An Iranian official said Iran warned a US warship in Hormuz; damage status remained uncertain, Reuters reported
Written on May 4, 2026 at 4:55 pm, by josephine
Iran fired warning shot at US warship near Strait of Hormuz; dollar firmed on tensions.
Heightened US-Iran tensions dampen sentiment as Sterling retraces gains, pushing GBP/USD below 1.3550 from 1.3650 highs
Written on May 4, 2026 at 4:53 pm, by josephine
GBP retreats below 1.3550 as Middle East tensions boost safe-haven USD; Iran report lifts oil, risk aversion.
Bob Savage says the ECB leans towards a June rate cut, unlike the BoE awaiting confirmation
Written on May 4, 2026 at 4:31 pm, by josephine
ECB signals possible June rate change, while BoE waits; diverging Nordic outlooks sway European pricing.
During the European session, XAU/USD slides below $4,550, with sellers targeting prior lows near $4,500
Written on May 4, 2026 at 4:28 pm, by josephine
Gold slid under $4,550 as US-Iran Hormuz tensions boosted dollar; traders eye $4,500 support, bearish.
BNY’s Bob Savage says ECB signals June rate cut, while BoE waits for clearer evidence, shifting stance
Written on May 4, 2026 at 4:25 pm, by josephine
ECB signals potential June rate cut, diverging from cautious BoE; Nordic banks watched as tightening expectations shift.
During the European session, gold dips below $4,550, with bears targeting last Thursday’s $4,500 low
Written on May 4, 2026 at 4:23 pm, by josephine
Gold slips below $4,550 as risk-off dollar strength, US-Iran tensions intensify; bearish technicals point toward $4,500.
