Monthly Archives: May 2026
During Europe’s session, Sterling slips slightly versus major peers, trading near 1.3590 against the US Dollar
Written on May 1, 2026 at 6:26 pm, by josephine
Sterling dipped near 1.3590, but stayed firm as investors expect Bank of England rate hikes soon.
Cleveland Fed President Beth Hammack dissented, arguing rising economic and policy uncertainty makes an easing bias inappropriate
Written on May 1, 2026 at 6:23 pm, by josephine
Cleveland Fed’s Hammack dissented, saying easing bias is outdated as inflation risks rise amid resilient economy.
Iran, via Pakistani mediators, reportedly delivered Washington a fresh peace plan and amendments response, citing sources
Written on May 1, 2026 at 5:56 pm, by josephine
Iran proposed ending war, responding to US amendments via Pakistan; dollar fell, futures mixed after headline.
Kashkari dissented over Hormuz-related uncertainty, urging the Fed’s statement to flag potential successive rate hikes
Written on May 1, 2026 at 5:53 pm, by josephine
Kashkari dissented, urging Fed highlight Hormuz risks: price shocks could raise expectations, forcing hikes or holding rates.
Huw Pill urged quicker action on fresh inflation pressures, viewing tighter financial conditions as appropriate response
Written on May 1, 2026 at 5:33 pm, by josephine
BoE economist Huw Pill backs tighter conditions, urges rate flexibility, warns disinflation may stall amid Iran-war inflation risks.
US ISM’s April Manufacturing PMI releases at 14:00 GMT, potentially influencing EUR/USD volatility and direction
Written on May 1, 2026 at 5:30 pm, by josephine
April US ISM Manufacturing PMI expected 53.0; markets watch prices, jobs, Fed rate outlook and EUR/USD levels.
GBP gains against JPY, trading just above 213.00 after recovering from earlier 211.78 lows on intervention suspicions
Written on May 1, 2026 at 5:26 pm, by josephine
GBP/JPY rebounded above 213.00 after sharp suspected Japan intervention-driven drop; BoE held rates amid yen volatility.
Following earlier European advances, the yen retreats versus the dollar; USD/JPY rebounds near 156.55, slightly lower
Written on May 1, 2026 at 5:23 pm, by josephine
Yen erased early gains as USD/JPY rebounded amid intervention speculation; focus shifts to US ISM data.
India’s bank loan growth held steady at 15% during April, showing no change from earlier levels
Written on May 1, 2026 at 4:23 pm, by josephine
India’s bank loan growth held steady at 15% year-on-year in April 2020, matching the previous reading.
India’s foreign exchange reserves declined to $698.49B from $703.31B, reported for April 20
Written on May 1, 2026 at 3:59 pm, by josephine
India’s foreign exchange reserves fell to $698.49 billion on April 20, from $703.31 billion previously.
