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Portugal Consumer Confidence declined to -27.1 in May from previous -23.9
Portugal Consumer Confidence declined to -27.1 in May from previous -23.9
Fxstreet
Thu, May 28
South African Rand: Rate hikes and credibility path – Commerzbank
Commerzbank’s Volkmar Baur expects the South African Reserve Bank (SARB) to deliver a fully priced 25 bps hike to 7.00%, with markets discounting roughly three hikes to 7.50% in coming months.
USD/ZAR
Fxstreet
Thu, May 28
Equities: Record highs reverse on fresh war shock – Deutsche Bank
Deutsche Bank’s Jim Reid highlights that global equities have turned lower after new US strikes and sanctions on Iran, following a session where US indices hit fresh record highs.
Fxstreet
Thu, May 28
Italy Business Confidence came in at 87.9, above forecasts (87.5) in May
Italy Business Confidence came in at 87.9, above forecasts (87.5) in May
Fxstreet
Thu, May 28
Italy Consumer Confidence came in at 93.4, above expectations (90.1) in May
Italy Consumer Confidence came in at 93.4, above expectations (90.1) in May
Fxstreet
Thu, May 28
British Pound: Bond underperformance draws bids alongside JPY – BNY
BNY’s Geoff Yu argues that steepening in G10 bond curves and stagflation concerns are generating fixed income-based rebalancing signals that should benefit the Pound and Japanese Yen.
GBP/USD
USD/JPY
Fxstreet
Thu, May 28
Iran’s Foreign Ministry: We strongly condemn US strikes near Hormuz Strait
An Iranian Foreign Ministry spokesperson said during the European trading session on Thursday that Tehran strongly condemns United States (US) strikes near the Strait of Hormuz, a critical passage to almost 20% of global energy supply, calling these strikes a continuous violation of a ceasefire.
Fxstreet
Thu, May 28
ECB: Tightening bias with cuts pencilled for 2027 – ABN AMRO
ABN AMRO analysts note the European Central Bank (ECB) Governing Council has adopted a tightening bias and is expected to raise the deposit rate to 2.50% with hikes in June and July. Higher long-term inflation expectations support this stance.
Fxstreet
Thu, May 28
Asian stock markets claw back some early losses, Middle East crisis remains major concern
Stock markets in Asia have recovered a majority of their early losses, but are still significantly down as the exchange of attacks between the United States (US) and Iran has escalated the Middle East crisis.
Fxstreet
Thu, May 28
Spain Retail Sales (YoY): 0.8% (April) vs previous 4.1%
Spain Retail Sales (YoY): 0.8% (April) vs previous 4.1%
Fxstreet
Thu, May 28
Equities: Pullback as Oil and yields rebound – Danske Bank
Danske Bank’s Danske Research Team notes that global equities paused and are set to open lower as Oil prices and yields move higher following renewed US-Iran tensions.
Fxstreet
Thu, May 28
Switzerland Employment Level (QoQ): 5.537M (1Q) vs previous 5.544M
Switzerland Employment Level (QoQ): 5.537M (1Q) vs previous 5.544M
Fxstreet
Thu, May 28
Sweden Trade Balance (MoM) down to -7.3B in April from previous 9.3B
Sweden Trade Balance (MoM) down to -7.3B in April from previous 9.3B
Fxstreet
Thu, May 28
US core PCE inflation expected to tick up in April, reinforcing Fed hawkish shift
The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for April on Thursday at 12:30 GMT.
EUR/USD
Fxstreet
Thu, May 28
Breaking: $4,400 key support broken as Gold drops to two-month low on fresh Iran escalation
Gold (XAU/USD) remains under some selling pressure for the third straight day and drops to sub-$4,400 levels or a fresh two-month low during the Asian session on Thursday.
Gold
Fxstreet
Thu, May 28
Iran’s IRGC: Any further US attacks would trigger 'a more decisive' response
Citing Tasnim News Agency, Reuters reported on Thursday that Iran’s Islamic Revolutionary Guard Corps (IRGC) said it targeted the US airbase in response to attack near Bandar Abbas airport.
Fxstreet
Thu, May 28
US sanctions Persian Gulf Strait Authority in an attempt to discourage Tehran's authority
The United States (US) Treasury Department said on Wednesday that it has sanctioned the Persian Gulf Strait Authority, the body Iran has set up to manage the Strait of Hormuz, the conduit for about a fifth of the global oil supply.
Fxstreet
Thu, May 28
Fed’s Goolsbee: Oil shock makes problem of inflation from likely productivity growth more extreme
Chicago Fed President Austan Goolsbee made comments on the impact of supply shocks on monetary policy on Thursday.
Fxstreet
Thu, May 28
Japan’s Katayama hopes BoJ sustains 2% inflation target with wage growth
Japan’s Finance Minister Satsuki Katayama said that she hopes the Bank of Japan (BoJ) will adopt suitable monetary policy to stably, sustainably reach 2% inflation target with rising wages.
Fxstreet
Thu, May 28
New Zealand’s Budget Release: Forecasts 2.3% GDP growth in 2026/27
New Zealand’s Finance Minister Nicola Willis delivered the government's Budget 2026 on Thursday with the details below.
NZD/USD
Fxstreet
Thu, May 28
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