Author: FX
Shake Shack misses quarterly estimates as fast food demand weakens, shares drop 30% Source link
Limassol, Cyprus – May 2026, Geopolitical tensions and uncertainty across global energy markets drove a sharp increase in oil trading activity during the first quarter of 2026, according to the latest Market Recap from easyMarkets. While gold remained the platform’s most traded instrument overall, crude oil emerged as one of the fastest-growing asset classes as traders responded to heightened volatility across commodity markets. Following the exceptionally active conditions seen in late 2025, overall trading volumes moderated during the quarter. However, traders remained highly engaged, increasingly focusing on short-term opportunities created by rapid market movements and shifting geopolitical sentiment. Energy Markets…
Societe Generale analysts note that the National Bank of Poland (NBP) kept its policy rate at 3.75% and markets expect no further changes through 2026. Governor Glapinski’s press conference is expected to be uneventful unless he sounds very hawkish. EUR/PLN is drifting towards 4.22 after reversing its conflict-driven spike, while Polish bonds still trade well above pre-conflict yields.Steady policy and bond lag”In CEE [Central and Eastern European] , the NBP left its policy rate unchanged at 3.75% and markets are pricing no change from the NBP for the rest of 2026.””NBP governor Glapinski’s press conference should be a non-event unless…
China gold reserves at the end of April 2026: 74.64 million troy ouncesIn March 2026: 74.38 million troy ouncesChina gold reserves value at the end of April 2026: $344.17 billionIn March 2026: $342.76 billionThe reserves quantity shows another month of increase, with this being the 18th straight month of buying by Beijing. It’s no surprise that China has been a big buyer of gold but the trend here continues to reaffirm the narrative of central banks wanting to secure more of the precious metal amid the volatile financial and market environment driven by US policies.Let’s be reminded that it wasn’t…
The Hull Suite isn’t a single line on a chart. It’s a collection of components built around the Hull Moving Average (HMA) calculation method. Most versions include three main elements: the HMA line itself, color-coded candles or bars that shift based on trend direction, and background zones that highlight bullish or bearish conditions. The core innovation comes from Alan Hull’s weighted moving average formula, which applies double smoothing with different period adjustments. This creates a responsive line that hugs price action more closely than traditional moving averages. When paired with the visual components—green candles during uptrends, red during downtrends—the Hull…
MUFG’s Lloyd Chan notes that easing Middle East tensions have supported Asian currencies against the Dollar and highlights that further de-escalation could extend Asia FX gains. Chan remains constructive on Chinese Yuan (CNY), Malaysian Ringgit (MYR) and Singapore Dollar (SGD), citing supportive fundamentals and technicals versus the Dollar. He expects the Ringgit to benefit from CNY strength, with today’s Bank Negara Malaysia (BNM) meeting seen as a non-event as the policy rate is likely held at 2.75%, while cautious on further USD/IDR upside, citing Bank Indonesia’s (BI) stabilisation stepsRinggit catch up, IDR supported”Asian currencies strengthened against the dollar, led by…
Rubio to meet Pope Leo as Trump keeps up attacks on pontiff Source link
Earlier this week, gold surged 3.17% to a fresh all-time high while oil crashed and stocks rallied on positive geopolitical news. If you’ve been told that gold is a “fear trade” that rises when investors panic and falls when they’re feeling good, this session probably left you scratching your head. Learn why gold doesn’t always act as a safe-haven asset and how dollar weakness can drive gold prices independently of risk sentiment. What Actually Happened? During the U.S. session of May 6, 2026, gold did something that looked, on the surface, a little weird. The precious metal surged approximately 3.17%…
The U.S. Iran war has kept oil prices elevated and made companies more cautious about hiring since February, so April’s payrolls report will be the first real test of whether all that uncertainty is starting to show up in the labor market. Here’s what the data could mean for the dollar, and which setups may be worth keeping on the radar. Source link
Trump advisers are privately worried the Iran war’s fuel cost surge will cost Republicans at November’s midterms, as U.S. airlines face a 30% jump in fuel bills and airfares hit $570 for a domestic round trip, the Wall Street Journal (gated) reports.Summary:Trump administration advisers are privately concerned that surging fuel costs stemming from the Iran war will carry a political price for Republicans in November’s midterm elections, with many eager to end the conflict before prices damage the party’s standing, according to people familiar with the matter cited by the Wall Street JournalU.S. airlines spent more than $5 billion on…