Monthly Archives: May 2026
Sterling slips versus yen after PMI shock as oil rallies and intervention risks resurface
Written on May 21, 2026 at 6:21 pm, by josephine
Pound slips versus Yen as PMI data weaken; GBP/JPY near 213.40, markets await UK sales, Japan CPI.
Oil slides as US-Iran deal hopes overshadow tightening inventories and record export-driven drawdowns
Written on May 21, 2026 at 6:19 pm, by josephine
Oil prices slipped as Iran deal hopes rose, despite record US inventory draws and strong exports.
Dollar firms as rising US yields bolster Fed hike bets, while AI-led risk appetite caps gains
Written on May 21, 2026 at 5:52 pm, by josephine
US dollar firms as yields rise; Fed minutes hint tightening, but inflation forecast tempers hikes; risk appetite limits gains.
Eurozone PMI slump and energy-driven inflation keep ECB on course for June rate rise amid Gulf risks
Written on May 21, 2026 at 5:49 pm, by josephine
Eurozone PMI drops signal weak Q2 growth, but rising input costs strain ECB; June hike likely, energy risks.
Sterling consolidates near 1.3440 as weak PMIs and UK swap repricing fears weigh on outlook
Written on May 21, 2026 at 5:22 pm, by josephine
GBP/USD steadies near 1.3440 as weak UK PMI dents sterling and traders trim BoE hike expectations.
USD/JPY hovers near 159 as intervention fears cap gains and traders eye options hedges
Written on May 21, 2026 at 5:19 pm, by josephine
USD/JPY hovers near 159 amid intervention fears; falling yields and oil bolster yen, trade surplus lifts BOJ hopes.
US jobless claims dip to 209,000, bolstering dollar and reinforcing higher-for-longer Fed stance
Written on May 21, 2026 at 4:53 pm, by josephine
US initial jobless claims fell to 209K, below forecasts; dollar firmer as labor data guides Fed policy.
US continuing jobless claims undershoot forecasts, reinforcing Fed higher-for-longer rate outlook
Written on May 21, 2026 at 4:50 pm, by josephine
US continuing jobless claims fell to 1.782 million in week ending 8 May, beating 1.79 million forecast.
US Building Permits Beat Forecast in April, Strengthening Housing Outlook and Clouding Fed Rate-Cut Path
Written on May 21, 2026 at 4:19 pm, by josephine
US building permits rose to 1.442M in April, beating the 1.39M forecast by 0.052M month-on-month.
US housing starts beat forecasts, bolstering higher-for-longer rate bets and supporting equities and homebuilders
Written on May 21, 2026 at 3:52 pm, by josephine
U.S. housing starts climbed to 1.465 million in April, beating the 1.41 million forecast, month-over-month.
