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EUR/NOK: Norges Bank stance supports gradual downside – Commerzbank
Commerzbank’s Antje Praefcke expects Norges Bank to keep rates at 4.0% but maintain a distinctly hawkish tone compared with the Riksbank. With Norwegian inflation above target, the bank projects one or two hikes by year-end and may act in June if Iran-related risks persist.
Fxstreet
Wed, May 6
Equities: Tech and cyclicals extend rebound – Danske Bank
-Danske Research Team highlights a strong rebound in global equities, led by US technology and semiconductor names, with Intel, Qualcomm and Micron up double digits. Asian markets, including Korea and Shenzhen, also rallied, while European equities lagged due to sector composition.Fxstreet
Wed, May 6
Indian Rupee advances on improved market sentiment
USD/INR extends losses for the second successive day, trading around 95.00 during the Asian hours on Wednesday. Traders will likely observe India’s HSBC Composite and Services Purchasing Managers' Index (PMI) data to be released later in the day.Fxstreet
Wed, May 6
US President Donald Trump: Project Freedom Paused Amid Progress Toward Iran Agreement
US President Donald Trump said that the US military will temporarily pause "Project Freedom" to restore freedom of navigation for commercial shipping through the Strait of Hormuz, the Guardian reported on Tuesday.
Fxstreet
Wed, May 6
New Zealand’s Unemployment Rate falls to 5.3% in Q1 vs. 5.4% expected
New Zealand’s Unemployment Rate fell to 5.3% in the first quarter (Q1) of 2026 from 5.4% in the fourth quarter of 2025, according to the official data released by Statistics New Zealand on Wednesday. The figure came in below the market consensus of 5.4%.Fxstreet
Tue, May 5
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US Stocks Tumble as Nasdaq Drops Over 4%; Micron Plunges Over 12% on Fears Slowing AI Data Center Expansion Will Dent Infrastructure Demand
Nasdaq Drops Over 5%, Philadelphia Semiconductor Index Plunges 12% as Chip and AI Infrastructure Stocks Are Sold Off; Micron Falls 17%, Nvidia Drops 9%
Dow Surges 1,500 Points as Midterm Elections Ease Uncertainty; Tech Stocks Lead Gains, Memory Shares Sold Off; Amazon Rises 6%
US October Nonfarm Payrolls Preview: Can Employment Rebound? US Stocks, Dollar and Gold Face Key Test
Micron Stock Price Forecast: Plunges 25% in a Month to Lose $800 Mark, Faces Over 30% Further Downside
