Monthly Archives: May 2026
BNP Paribas Sees Europe Recasting Industry Amid China Rivalry, Backed by Defence, AI and Energy Shift
Written on May 19, 2026 at 6:49 pm, by josephine
Europe confronts China’s industrial surge, adapts via defence, electrification and AI investment, while securing supply chains.
AI chip rotation lifts Intel and AMD as Elliott Wave points to $144 target amid Nvidia slowdown
Written on May 19, 2026 at 6:47 pm, by josephine
Semiconductors shift to infrastructure leaders; Elliott Wave sees Intel wave III targeting 144.07 amid strong 2026 gains.
Costco shares consolidate near $1,125 as bullish wave targets $1,149–$1,262 and $1,515
Written on May 19, 2026 at 5:50 pm, by josephine
Costco (COST) remains bullish above $844.06; breakout over $1080 targets $1515+, with Elliott wave projections.
USD/JPY breaks above 159 as strong dollar meets Japan hike bets and intervention threat
Written on May 19, 2026 at 5:47 pm, by josephine
USD/JPY tops 159 on dollar strength; Japan GDP beats forecasts, raising BoJ hike bets, capping 160.
USD/JPY Extends Rally Towards 160 as Oil Rises on US-Iran Tensions, Intervention Risk Looms
Written on May 19, 2026 at 5:19 pm, by josephine
USD/JPY extends gains amid dollar strength and oil-linked Fed hawkishness; Japan’s yen pressured despite GDP.
USD/CAD edges higher as softer BoC core inflation and safe-haven Dollar demand lift greenback
Written on May 19, 2026 at 5:17 pm, by josephine
USD/CAD climbed near 1.3760 as safe-haven Dollar demand outweighed oil gains and mixed Canadian inflation readings.
WPIC Sees Fourth Straight Platinum Deficit as Demand Slumps and Gold Outlook Guides Prices
Written on May 19, 2026 at 4:49 pm, by josephine
WPIC forecasts 297,000-ounce platinum deficit; stocks drop to 1.747 million ounces, demand falls, price seen $2,300.
RBA Minutes Signal Near-Term Pause as Markets Price Low Odds of June Hike
Written on May 19, 2026 at 4:47 pm, by josephine
RBA minutes suggest near-term pause; June hike odds 20%, TD expects August rise as inflation broadens.
US Redbook Growth Cools as Consumer Weakens, Prompting Defensive Equity and Volatility Hedges
Written on May 19, 2026 at 4:20 pm, by josephine
United States Redbook Index annual rate slipped to 8.1% on May 15, down from 9.6% previously.
Sterling Rebounds on Fiscal Rules Talk but Weak Labour Data Limits GBP/USD Upside
Written on May 19, 2026 at 4:17 pm, by josephine
GBP/USD rebounds above 1.3400 on fiscal-rule reports, then slows after weak UK jobs data.