May 28, 2026 12:37 pm
Key Moments Gold (XAU/USD) trades at $4,386 after setting a fresh two-month low at $4,366, slipping below its 200-day SMA. The US Dollar Index hovers near 99.35 after reaching a seven-week high of 99.54, as investors favor the Greenback over Gold. Markets look to the upcoming US core PCE Price Index, with expectations for a […]
Read moreMay 28, 2026 9:34 am
Key Moments General Motors LLC is recalling 2,785 trucks following identification of a defect in roof rail airbag inflators. The action covers specific Chevrolet Silverado and GMC Sierra 1500, 2500, and 3500 model-year vehicles. Dealers are set to replace both roof rail airbag modules at no cost to affected vehicle owners. Scope of the Recall […]
Read moreMay 28, 2026 9:12 am
Key Moments Brent crude has dropped to $94.29 per barrel, slipping below the 7 May low of $96.03 per barrel. MUFG’s Lloyd Chan links the decline primarily to rising optimism over a potential US-Iran deal. Uncertainty persists as reports highlight Trump’s dissatisfaction with talks and continued subdued tanker traffic through the Strait of Hormuz. Brent […]
Read moreMay 28, 2026 9:04 am
Key Moments KKR & Co plans to open a Milan office as it expands its Italian operations following major telecom and energy investments. A KKR-led consortium acquired Telecom Italia’s fixed-line network for €19 billion ($22 billion) over the past two years. The Milan office will oversee private equity, real assets, credit, insurance, and private wealth […]
Read moreMay 28, 2026 8:57 am
Key Moments Chevron has submitted an official request to acquire a 70% stake in an offshore block southwest of Greece from Helleniq Energy. Upon approval, Chevron would operate Block 2 in the southwest of the Ionian Sea, with Helleniq Energy retaining a 30% interest. The Greek energy ministry is considering extending the timeframe for Chevron […]
Read moreMay 28, 2026 8:35 am
Key Moments EUR/GBP has stalled below 0.8660 after a 0.4% advance over the prior two sessions, while dips have been limited above 0.8655. Risk appetite has weakened as tensions between the US and Iran escalate, pushing Oil prices higher and denting speculative demand for the Euro. Expectations of further tightening by the ECB, contrasted with […]
Read moreMay 28, 2026 8:20 am
Key Moments USD/CHF traded around 0.7895 during early European hours on Thursday as the pair extended its advance. Fresh tensions surrounding the US-Iran ceasefire supported the US Dollar while weighing on the Swiss Franc. The Swiss National Bank’s stated willingness to counter Swiss Franc strength may limit further CHF appreciation. Geopolitical Tensions Support USD Against […]
Read moreMay 28, 2026 8:08 am
Key Moments AUD falls more than 0.5% toward 0.7100 during Thursday’s Asian session amid risk-off sentiment. Softer-than-expected April CPI data reduces expectations for near-term RBA rate hikes, with June odds seen near zero and August odds cut to 40%. AUD/USD trades below its 20-period EMA and hovers near a Head and Shoulders neckline around 0.7070, […]
Read moreMay 28, 2026 6:33 am
Key Moments USD/JPY trades higher for a third consecutive session, reaching a four-week peak near 159.60 in Asian trading on Thursday. Concerns over disruptions to energy flows through the Strait of Hormuz weigh on the Japanese Yen and bolster USD/JPY. Market participants eye US PCE inflation and preliminary GDP data while watching for potential Japanese […]
Read moreMay 27, 2026 2:11 pm
Key Moments The global copper market recorded a sizeable surplus of nearly 400,000 tons in Q1 2026, driven by a sharp increase in refined production. Refined output rose strongly in China and the DR Congo, while global copper demand expanded by less than 1%. Commerzbank expects demand to accelerate and production growth to slow, supporting […]
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