$XRP $RAVE $ORDI NEW: 🇮🇷🇺🇸 Iran has exported 9 million barrels of crude oil from the Gulf of Oman since the U.S. blockade, and another 2 million barrels departed three days ago – TankerTrackers ORDI 8.593 +187.19% RAVEUSDT Perp 15.98 +33.66% XRP 1.4282 +3.47%#GoodNight #KevinWarshDisclosedCryptoInvestments
📊What it means for gold Gold is especially sensitive to Fed expectations because higher real yields can increase the opportunity cost of holding non-yielding assets. Reuters reported that gold fell to a two-month low on May 27, 2026, as inflation concerns and expectations of tighter monetary policy weighed on the metal.
For XAUUSD traders, the PCE report could act as a short-term catalyst. A hotter reading may keep pressure on gold if it lifts the dollar and yields. A weaker reading may allow gold to stabilise, particularly if geopolitical risk eases and bond yields move lower.
Scenarios traders are watching Markets enter the release with several crosscurrents. Reuters reported that US stocks closed at record highs, oil prices slid sharply on hopes of progress around US-Iran tensions, the dollar stayed steady and gold remained under pressure.
US PCE returns to the market spotlight The US PCE report is one of the key macro releases for traders this week, as it may influence Federal Reserve expectations, the US dollar, gold and Treasury yields. The Bureau of Economic Analysis reported that the PCE Price Index rose 3.5% year over year in March 2026, with the next release scheduled for May 28, 2026.
The data matters because the Fed uses PCE inflation as a central gauge of price pressure. At its April 2026 meeting, the FOMC kept the federal funds target range at 3.50%–3.75% and said future adjustments would depend on incoming data, the economic outlook and the balance of risks.
US Stock Futures Slip as Markets React to Hormuz Strikes and Rising Oil Prices
US stock futures moved lower on Thursday as investors weighed renewed geopolitical tensions in the Middle East against another wave of strong AI-driven corporate earnings.
Futures linked to the Dow Jones Industrial Average fell around 0.2%, while S&P 500 futures declined 0.4%. Nasdaq 100 futures underperformed, with losses near 0.8%, as traders reacted cautiously to reports of fresh US military strikes near the Strait of Hormuz.
The renewed conflict in the Persian Gulf pushed oil prices sharply higher and reignited concerns about inflation, global energy supply disruptions, and the potential impact on Federal Reserve policy.
Why Markets Fell Today
Investor sentiment turned cautious after reports confirmed that US forces conducted new strikes targeting military sites and drone threats near the Strait of Hormuz — one of the world’s most critical oil shipping routes.
The situation escalated further after Iran reportedly responded with retaliatory actions targeting US-linked military infrastructure in the region. At the same time, Washington introduced fresh sanctions aimed at limiting Tehran’s ability to profit from traffic through the Strait of Hormuz.
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The Euro, however, remains fairly steady, favoured by monetary policy divergence between the European Central Bank (ECB) and the Bank of England (BoE). Futures markets are pricing a 91% chance that the ECB will hike interest rates at its June 11 meeting, according to data by the ECB Watch Tool. The BoE, on the contrary, is not expected to tighten its monetary policy anytime soon.
The ECB Chief Economist, Philip Lane, warned on Thursday that inflationary consequences from the US-Iran war will outlast the conflict and that the bank must prevent the general belief that inflation will remain high for a long time to take hold.
Later on Thursday, ECB President Christine Lagarde is expected to take part in a central bankers’ meeting, and her comments on monetary policy will be listened to with particular interest.
EUR/GBP struggles to extend gains beyond 0.8660 but remains steady above 0.8650.
Risk appetite has faltered on Thursday as the US and Iran exchange attacks.
ECB-BoE monetry policy divergence keeps the pair buoyed.
The Euro (EUR) is trading flat against the British Pound (GBP) on Thursday. EUR/GBP bulls are struggling to find acceptance above 0.8660 following a 0.4% rally over the previous two days, although downside attempts remain contained above 0.8655 so far.
Speculative demand for the common currency is faltering on Thursday as market sentiment sours and Oil prices jump with tensions between the US and Iran escalating again.
The US military launched fresh strikes on Iranian military sites in the province of Bandar Abbas that, according to the US Central Command (Centcom), "posed a threat around the Strait of Hormuz.” Iran’s Islamic Revolutionary Guard Corps (IRGC) affirmed that they targeted US bases in the Gulf region, and Kuwait authorities reported interceptions of hostile drone and missile attacks.
AUD/NZD retreats sharply from a 13-year peak and is pressured by a combination of factors.
Softer Australian consumer inflation figures temper RBA rate hike bets and weigh on the AUD.
The NZD rallies in reaction to the RBNZ’s hawkish outlook and contributes to the steep decline.
The AUD/NZD cross attracts heavy sellers during the Asian session on Wednesday following softer consumer inflation figures from Australia, snapping a three-day winning streak to its highest level since April 2013 touched the previous day. The intraday downfall picks up pace after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and drags spot prices below the 1.2200 mark, or a fresh daily low in the last hour.
The Australian Bureau of Statistics (ABS) reported that the headline Consumer Price Index (CPI) slowed from the 4.6% YoY rate in March to 4.2% in April. This comes on top of an unexpected rise in the Australian Unemployment Rate to 4.5% in April and a fall in the number of employed people, tempering market bets for further interest rate hikes by the Reserve Bank of Australia (RBA). This, in turn, undermines the Australian Dollar (AUD) and triggers the initial leg of the AUD/NZD pair's decline.
Meanwhile, the RBNZ, as expected, decided to hold the Official Cash Rate (OCR) at 2.25% for the third meeting in May. In the accompanying policy statement, the central bank stated that the OCR will most likely need to increase sooner and by more than envisaged in the February monetary policy statement. This reaffirms market bets for a 25-basis-point (bps) rate hike at the July 8 meeting and boosts the New Zealand Dollar (NZD), exerting additional pressure on the AUD/NZD cross
Moving ahead, the market focus now shifts to the post-meeting press conference, where comments by RBNZ Governor Anna Breman will drive the New Zealand Dollar (NZD) and provide a fresh impetus to the AUD/NZD cross Nevertheless the divergent RBA-RBNZ policy expectations favor bearish traders and back the case for an extension of the intraday $USDC
Silver declines as renewed US-Iran friction stokes inflation fears, backing expectations for prolonged tight monetary policy.
The US confirmed self-defense strikes in southern Iran, while Iran claimed it targeted a US F-35 jet and several drones.
Traders assess the Fed's outlook as May's consumer confidence dipped on Iran-conflict-driven inflation fears.
Silver price (XAG/USD) remains subdued for the second successive day, trading around $76.90 per troy ounce during the Asian hours on Wednesday. The non-interest-bearing white metal holds losses due to renewed tensions and ongoing uncertainty around the strategic Strait of Hormuz. However, traders track potential progress toward a US-Iran peace agreement.
The diplomatic friction comes amid fresh military clashes in the region, which increases fears of an energy-driven inflation shock, strengthening expectations that central banks could keep monetary policy tighter for longer.
The US military confirmed it launched self-defense strikes in southern Iran, while Iran’s Revolutionary Guard claimed it targeted an American F-35 fighter jet and several drones that had allegedly violated Iranian airspace.
Iran's foreign ministry has condemned recent US airstrikes in the southern Hormozgan province, labeling them a "gross violation" of a tenuous, seven-week-old ceasefire. The statement followed reports from Iranian media of explosions echoing through the region early Tuesday morning.
Traders assess the Federal Reserve's monetary outlook, which heavily influences the price of non-yielding Silver. The US Consumer Confidence Index dipped 0.7 points to 93.1 in May, down from an upwardly revised 93.8 in April. The decline was fueled by intensifying inflation worries linked to the conflict in Iran. While households expressed widespread pessimism regarding the current labor market, they did anticipate conditions to improve by the end of the year.
Ferrari’s Luce debut triggers a sharp stock reaction
Ferrari stock came under fresh pressure after the company unveiled the Luce, its first fully electric model. The launch was designed to mark a new era for the luxury automaker, but the immediate market reaction was negative.
According to Reuters, Ferrari shares fell 8.4% in Milan, while the New York-listed shares were down 5.1% during the session after the Luce received a cool response from critics and investors. The vehicle was presented as a four-door, five-seat electric model with an estimated price of around €550,000, or roughly $640,000, and was developed with design input from former Apple design chief Jony Ive and LoveFrom
Copper continues to trade near record highs, supported by both cyclical and structural demand drivers.
One of the most important shifts in recent years is copper’s growing role in artificial intelligence infrastructure.
AI expansion requires significant investment in:
Data centres
Power transmission systems
Semiconductor manufacturing
Electrical grids
Because copper is essential for electrical conductivity, it has become a key ‘AI infrastructure metal’, linking industrial demand directly to the technology cycle. At the same time, expectations of potential stabilisation in Middle East energy markets have supported broader industrial sentiment, reinforcing demand expectations.
BNY’s Bob Savage argues that South African Reserve Bank (SARB) is likely to lead emerging market tightening as South Africa reverses its easing path and hikes the repo rate back to 7.0%. The report notes improving inflows and mining-related support for South African Rand (ZAR), but stresses that higher U.S. yields and Fed policy set the bar, requiring more forceful Emerging Markets (EM) moves to maintain credibility and stabilize South African government bonds (SAGBs).
SARB leads EM rate reversal
"A shift in the Fed’s policy stance has reset the benchmark for emerging market central banks. On the back of surprise hikes in Asia to defend currencies and avoid excessive outflows, there are many candidates in EM that can follow, especially if fiscal performance is also under pressure, or other idiosyncratic factors come into play. Turkey is seen as a candidate, especially with growing reserve stress, but South Africa is likely to take the lead this week as it reverses course and hikes the repo rate back to 7.0%."
"This marks a sharp reversal from the easing path the SARB had established before the conflict, which had been reinforced by a lower inflation target and an unexpected terms-of-trade boost from surging precious metals prices. There was even talk of new fiscal rules to strengthen credibility, but there will be little appetite for such steps at present. As core inflation rebounds above 3.5% y/y and headline inflation returns to the 4.0% handle, swift anchoring of inflation expectations is necessary."
"On the positive side, our data indicate that markets have not totally shifted their view on policy credibility, and inflows have generally been improving year to date. Mining/materials equity flows can still benefit the ZAR and local markets selectively, while swift consolidation of the real-rate buffer will stabilization in SAGBs. "
"The main challenge for EM countries’ financial accounts for the rest of the year is where U.S. yields and Fed rates stand. SARB and its peers will hope that no $BTC
📊Why the Strait of Hormuz Matters to Global Markets🚨$XRP
The Strait of Hormuz remains one of the world’s most strategically important shipping routes, handling a significant portion of global crude oil exports.
Since the outbreak of the Iran conflict earlier this year, disruptions in the strait severely impacted global oil transportation, tightening supply conditions and driving crude prices sharply higher. Countries heavily dependent on imported energy, including Japan and several European economies, faced rising energy costs and growing inflationary pressure.
Now, hopes that the strait could fully reopen are reshaping market expectations.
According to regional reports and US officials, negotiations between Washington and Tehran are progressing, with discussions focusing on:
DBS Group Research economists Radhika Rao and Chua Han Teng highlight that ASEAN-6 economies are experiencing asymmetric inflation outcomes despite a common energy shock. Indonesia and Malaysia show relatively contained inflation, while Thailand, Vietnam and Philippines face higher readings. Rising WPI/PPI point to pipeline pressures, with policymakers expected to stay alert and some central banks, including Indonesia, Philippines and Vietnam, likely to raise rates further.
Divergent inflation and tightening prospects "While ASEAN-6 economies face the same energy shock, their inflation outcomes have been asymmetrical. On the benign end of the spectrum, inflation in Indonesia and Malaysia remained contained at 2.4% yoy and 1.9% yoy, respectively, in April, while on the elevated side, Thailand, Vietnam, and Philippines’ inflation jumped to 2.9%, 5.5%, and 7.2%. Price stability, however, comes with trade-offs."
"Rising WPI/PPI prints signal pipeline pressures for the retail price gauge, as businesses will be unable to absorb the full extent of an increase in input costs as inventories run down. Although WPI/PPI is not the official policy target, policymakers are likely to remain attentive to mounting pipeline pressures that could eventually feed into retail inflation and shape inflation expectations."
"If geopolitical tensions persist, we view Philippines, Thailand, and Vietnam to be most exposed to price pressures, whilst inflation in Indonesia and Malaysia will also increase but at a moderate pace."
"In addition to inflation outcomes, currency and financial market stability will also guide the decision and timing of monetary policy. BI increased its benchmark rate by a more-than-expected 50bps to 5.25% on Wednesday, following BSP’s move in April and Singapore MAS’ shift to normalising its FX parameters. We expect further rate increases from Indonesia and Philippines, with Vietnam next in line to raise rates."$BTC #BitcoinBreaksBelow75KAsWarshTakesFedHelm
AUD/USD trades sideways between 20- and 50-day SMA levels. RSI falls below 50, signaling sellers are gaining momentum. Break below 0.7099 exposes 0.7024 and 0.7000 supports. The AUD/USD edges lower during the North American session, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA) at 0.7187 and the 50-day SMA at 0.7095. At the time of writing, the pair is trading around 0.7137, down 0.17%.
AUD/USD Price Forecast: Technical outlook From a technical perspective, the AUD/USD market structure suggests further downside if the pair falls below the April 29 swing low at 0.7101, reaching a 4-week low at 0.7079 on May 19.
The Relative Strength Index (RSI) turned bearish, signaling that sellers are gaining momentum, as it fell below its 50-neutral level.
For a bearish resumption, the AUD/USD must clear the May 21 low at 0.7099, so traders can test the 50-day SMA. On further weakness, the 100-day SMA at 0.7024 becomes the next support level, followed by 0.7000.
On the upside, a break above the 20-day SMA will expose the 0.7200 milestone. Above this area, the next resistance is the year-to-date (YTD) peak at 0.7264.
🚨Dollar-Singapore Dollar holds in defined band📊$BTC
"24-HOUR VIEW : USD rose to a high of 1.2830 two days ago and then dropped sharply to 1.2763. When USD was at 1.2780 yesterday, we indicated that “the sharp drop appears excessive, and USD is unlikely to weaken much further.” We held the view that USD “is more likely to trade in a range between 1.2760 and 1.2800.” USD subsequently traded within a higher range of 1.2769/1.2812. Despite closing largely unchanged at 1.2779 (-0.02%), there has been a slight increase in downward momentum. Today, we expect USD to edge lower and test 1.2760. A continued decline below this level is unlikely. The major support at 1.2730 is not expected to come under threat. Resistance is at 1.2795; a breach of 1.2805 would indicate that the current mild downward pressure has eased."
"1-3 WEEKS VIEW: After holding a positive USD view for more about a week, we revised our view to neutral yesterday (21 May, spot at 1.2780). We highlighted that USD “has likely entered a range-trading phase,” and we expected it to “trade between 1.2730 and 1.2820.” There is no change in our view.
The Dow Jones has been performing relatively better than the NASDAQ and S&P 500, which is normally rare. The asset traditionally is more stable and witnesses less volatility. The price has risen more than 1.80% over the past week, while the S&P 500 has risen only 0.75%.
The Dow Jones is trading significantly higher than all main moving averages and even higher than the day’s VWAP. In the short term, the price continues to see clear bullish wave momentum and is not experiencing signs of divergence or being overbought. The price has recently risen above $50,495, meaning price momentum is signalling a bullish trend. While the price is above this level, signals remain active.
On average, the price becomes overstretched and loses momentum when the price deviates away from the average by 0.90%. Currently, the price has deviated by 1.70%.
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.5T, down by 3.33% over the last 24 hours. Bitcoin (BTC) has been traded between $74,290 and $77,585 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $74,688, down by 3.34%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include GENIUS, GMT, and COS, up by 33%, 24%, and 23%, respectively. Bitcoin Breaks $75,000 as Warsh Takes Fed — Consumer Sentiment Hits All-Time Low, Hike Odds Cross 70% Bitcoin slid to $74,720 — its lowest level in May — as Kevin Warsh was sworn in as Fed chair, consumer sentiment crashed to a record low of 44.8, long-term inflation expectations jumped to 3.9%, and rate hike odds surged past 70%. The slow, persistent drift lower without a single news catalyst is the most concerning kind of selling: it reflects sustained pressure, not a reactive flush. Congress introduced a bipartisan Bitcoin reserve bill with a 20-year lock-up on existing government holdings, the SEC approved Bitcoin index options on Nasdaq, and Saylor softened his "never sell" stance — a week that tested the structural pillars of Bitcoin's bull case at precisely the momen#BitcoinBreaksBelow75KAsWarshTakesFedHelm