The upcoming U.S. ISM manufacturing PMI for May will provide one of the earliest glimpses into how the business sector fared. Will we see any surprises in employment and prices that could impact Fed policy?
BOE Governor Andrew Bailey speaks in Reykjavik Friday at 0910 GMT, followed by hawk Catherine Mann in Dubrovnik Saturday at 0940 GMT and Megan Greene on stablecoins Sunday at 1230 GMT. Bank of England Governor Andrew Bailey takes the podium in Reykjavik on Friday morning at 0910 GMT (0510 US Eastern) for a speech at the 2026 economic conference,…
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8176 compared to the previous day’s fix of 6.8240 and 6.7685 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth….
We had CPI data earlier, along with jobs. I’ve included those results in the screenshot for retail and industry data ICYMI: More on the inflation data here: Tokyo core CPI misses forecasts in May, complicating case for BOJ June rate hike This article was written by Eamonn Sheridan at investinglive.com.
Gold price (XAU/USD) edges higher to near $4,500 during the early Asian session on Friday. The precious metal rebounds from a two-month low hit in the previous session after reports that the United States (US) and Iran had reached a ceasefire extension agreement. Bloomberg reported on Thursday that Washington and Tehran have reached a tentative deal to extend a…
Thursday’s markets were whipsawed by conflicting US-Iran war headlines, swinging from risk-off on renewed Strait of Hormuz clashes to risk-on on ceasefire extension reports. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: U.S. API Crude Oil Stock Change for May 22, 2026: -2.8M (-9.1M previous) U.K….
US and Iran have tentatively agreed to a 60-day ceasefire extension allowing Hormuz traffic to resume, but the deal lacks Trump’s approval and Iran has not confirmed the text is finalised. A scan across where we are at on the war and oil. New info in bold below. Summary: Four sources told Reuters that Washington and Tehran have agreed…
Commerzbank’s FX analysts flag that USD/THB slipped to 32.55 on portfolio inflows, even as Thailand’s April trade deficit widened to a record USD10.0bn. Authorities warned the Baht could stay under pressure if strong imports persist, with the currency already down 3.2% versus the Dollar year-to-date despite stronger AI-related export growth. Record deficit weighs on Thai Baht “April trade deficit…
Crude oil is closing modestly higher by $0.20 at $88.90, but the final price does not reflect the volatility seen throughout the trading day. Prices traded as high as $92.52 before reversing sharply lower and eventually finding support near session lows at $87.11. That wide trading range highlights the uncertainty currently driving the oil market from the Middle East…
The St. Louis Federal Reserve (Fed) President Alberto Musalem said that an easing bias in the Federal Reserve’s monetary policy statement is “no longer consistent” in an interview with Bloomberg TV. Musalem added that a move in interest rates would depend on what happens in the economy, noting that bond markets “are seeing a resilient economy,” which could trigger…
