Financial & Forex Market Recap – May 5, 2026
Tuesday’s session saw the S&P 500 hit record highs as US officials confirmed the Iran ceasefire holds, while crude oil reversed most of Monday’s war-driven gains.
Read MoreTuesday’s session saw the S&P 500 hit record highs as US officials confirmed the Iran ceasefire holds, while crude oil reversed most of Monday’s war-driven gains.
Read MoreThe Reserve Bank of Australia raised its cash rate to 4.35% in an 8-1 vote, its third straight hike, as the Middle East conflict fans inflation fears.
Read MoreNew Zealand’s upcoming quarterly jobs report could reveal more green shoots in the economy, supporting the case for its central bank to turn less dovish.
Read MoreOil surged more than 5% after U.S. and Iranian forces exchanged fire in the Strait of Hormuz, pushing equities lower as the U.S. dollar closed on top.
Read MoreJapan’s suspected yen intervention could ripple beyond USD/JPY, affecting U.S. Treasury yields, stocks, and beta currencies. Learn what traders should watch next.
Read MoreAfter USD/JPY tested the yen-tervention line in the sand above 160.00 last week, the Japanese government quickly stepped in to drag it back down.
Read MoreInflation was supposed to be yesterday’s problem. Then an oil shock changed every central bank’s plans at once.
Read MoreWith Australia’s inflation at a three-year high, will the RBA hike again — or blink in the face of recession risk?
Read MoreThe FOMC’s most divided vote in thirty years, WTI breaking $100, and a confirmed $35B Japanese intervention combined to test every scenario the framework had built — and reveal one it hadn’t.
Read MoreA divided FOMC, confirmed yen intervention worth $34.5 billion, and oil near triple digits made the week of April 27 to May 1 one for the books.
Read MoreWith the European Central Bank refusing to pre-commit to any rate path, the euro looks stuck in “paralysed policymaker” mode. What does this mean for the euro?
Read MoreThe BOE’s April hold gave traders a clearer look at why the pound is stuck between inflation risks and growth worries.
Read MoreThe U.S. advance Q1 2026 GDP missed expectations at 2.0% while core PCE inflation surged to 3.2% annually, a combination that supported the case for the Fed to stay on hold.
Read MoreThe U.S. dollar ended Thursday as the session’s worst-performing major currency, weighed down by JPY intervention warnings, central bank holds, & a softer-than-expected U.S. GDP print
Read MoreThe Japanese yen surged sharply on Thursday after Japan’s Vice Finance Minister issued a stark “final warning” to yen speculators, sending USD/JPY tumbling more than 4 big figures from a 21-month high.
Read MoreThe Fed just held rates for the third time in a row, but the drama inside the room was unlike anything in 30 years.
Read MoreThe BOC kept its rates on hold for the fourth straight time this April, but with tariffs squeezing growth and an oil-driven inflation spike on the way, the Loonie story is anything but simple.
Read MoreMarkets navigated a historic four-way Fed dissent and Trump’s indefinite Iran blockade extension Wednesday, with WTI topping $104 and the dollar closing as the strongest major currency.
Read MoreThe Aussie took hits after softer core inflation cooled RBA hike expectations, even as broader tightening bets stayed mostly intact.
Read MoreWith inflation back on the rise and the hawks getting louder, will the BOE finally signal it’s time to tighten?
Read MoreBe sure you really want to trade. And don’t confuse wanting to be rich with wanting to trade. Unless you love the endeavor, you are unlikely to succeed.Jack D. Schwager