Monthly Archives: May 2026
Eurozone current account surplus misses forecasts, fuelling euro downside risks and ECB cut bets
Written on May 21, 2026 at 10:19 am, by josephine
Eurozone current account balance fell to €14.9bn in March, missing €25.3bn forecast by €10.4bn.
Eurozone composite PMI miss deepens contraction, bolstering ECB cut bets and pressuring euro assets
Written on May 21, 2026 at 10:17 am, by josephine
HCOB Eurozone Composite PMI fell to 47.5 in May, missing forecasts and signaling continued eurozone business contraction.
Swiss franc holds steady versus dollar despite slump in factory output, focus on SNB outlook
Written on May 21, 2026 at 9:50 am, by josephine
Swiss franc flat versus dollar despite Swiss output slump; USD/CHF near 0.7870 as markets await PMI.
USD/JPY Hovers Near 159 as Breakout Risk Builds, Options Traders Weigh Volatility Plays
Written on May 21, 2026 at 9:47 am, by josephine
USD/JPY trades near 158.90, consolidating above key EMAs; breakout targets 160.73/162.00, supports 158.51/158.23.
France Manufacturing PMI Miss Fuels Bearish CAC 40, Weighs on Euro and ECB Rate Outlook
Written on May 21, 2026 at 9:19 am, by josephine
France’s May HCOB Manufacturing PMI fell to 48.9, signaling contraction and missing expectations by 3.6 points.
France services PMI slump to 42.9 reignites recession fears and ECB cut bets
Written on May 21, 2026 at 9:17 am, by josephine
France’s HCOB Services PMI fell to 42.9 in May, far below 46.5 forecast, signalling contraction.
Sterling Holds Near 1.3435 as Softer UK Inflation Spurs BoE Cut Bets, PMI in Focus
Written on May 21, 2026 at 8:49 am, by josephine
GBP/USD hovered near 1.3435, steady amid UK inflation slowdown, ahead of UK/US PMI data, and US–Iran talks.
Sterling holds near weekly high as Fed hawkishness and UK cooling tilt GBP/USD lower
Written on May 21, 2026 at 8:47 am, by josephine
GBP/USD steadied near 1.3430 as US-Iran tensions, Fed hawkish minutes, and softer UK data influenced sentiment.
India’s HSBC Manufacturing PMI eases in May, fuelling hedging demand and USD/INR upside risk
Written on May 21, 2026 at 8:25 am, by josephine
India’s HSBC Manufacturing PMI eased to 54.3 in May from 54.7, signaling continued manufacturing expansion.
India’s HSBC Services PMI edges up to 58.9 in May, reinforcing growth and market bullishness
Written on May 21, 2026 at 8:22 am, by josephine
India’s HSBC Services PMI edged up to 58.9 in May, remaining above 50, signaling continued growth.
