Monthly Archives: May 2026
OCBC strategists say gold consolidates after rebounding from 4510, as elevated oil prices cloud Fed-inflation outlook
Written on May 4, 2026 at 12:59 pm, by josephine
Gold consolidates after rebounding from 4510; oil-driven inflation and Fed expectations steer momentum between key support/resistance.
Morgan Stanley and Goldman Sachs foresee $1.1 trillion AI spending by 2027, intensifying competition across markets
Written on May 4, 2026 at 12:56 pm, by josephine
AI infrastructure spending could hit $1.1T by 2027 as hyperscalers’ capex surges, boosting chips, debt markets.
During Asian hours, USD/INR trades near 95.00 for a second day as the Dollar strengthens
Written on May 4, 2026 at 12:53 pm, by josephine
USD/INR near 95.00 as dollar rebounds; Iran-Hormuz tensions, $100 oil, outflows support upside; key levels monitored.
Rising inflation fears leave gold exposed, slipping in Europe towards $4,580, nearing Friday’s swing low again
Written on May 4, 2026 at 12:23 pm, by josephine
Gold slips near $4,580 as Iran tensions and inflation fears support dollar, rates, hurting non-yielding demand.
Commerzbank’s Michael Pfister says the SNB lacks sustainable options to weaken CHF against USD and peers
Written on May 4, 2026 at 11:56 am, by josephine
Commerzbank argues SNB lacks durable tools to weaken franc; only massive interventions risk reserves and US backlash.
Bearish sentiment drags XAG/USD towards $74.00, with support potentially tested near the four-month low at $61.01
Written on May 4, 2026 at 11:53 am, by josephine
Silver dips to $74.30; descending channel, bearish bias persists below key EMAs; support $61, $47; resistance $79.
Eurozone inflation is forecast at 2.7% in 2026, easing to 2.1% in 2027, 2% in 2028
Written on May 4, 2026 at 11:25 am, by josephine
ECB forecasters see Eurozone inflation averaging 2.7% in 2026, easing to 2% by 2028; EUR/USD slips.
Societe Generale economists say eurozone growth barely advanced, worsening risks, as inflation rises and confidence weakens
Written on May 4, 2026 at 11:23 am, by josephine
Euro area GDP barely grew; inflation rose on energy, core eased; ECB eyes expectations, plans June-September hikes.
Turkey’s April exports rose to $25.4 billion, increasing from the prior $21.9 billion level overall
Written on May 4, 2026 at 10:55 am, by josephine
Turkey’s exports climbed to $25.4bn in April from $21.9bn, marking a $3.5bn increase overall.
April’s Eurozone HCOB Manufacturing PMI matched expectations, arriving at 52.2, indicating steady factory output levels
Written on May 4, 2026 at 10:53 am, by josephine
HCOB Eurozone Manufacturing PMI came in at 52.2 in April, matching forecasts and signaling steady factory activity.
