EUR/USD
1.16858
-0.039%
Gold
4539.90
0.358%
Oil
101.296
-1.032%
USD/JPY
157.232
-0.013%
GBP/USD
1.35243
-0.047%
GBP/JPY
212.651
-0.046%
Real-time News
On May 5th, State Street Global Advisors strategists stated in a report that gold prices are likely to rise as long as market consensus and the Federal Reserves forward guidance point to future easing policies. Currency markets and forex traders may be awaiting a viable (US-Iran) peace agreement to re-pricing in Fed rate cuts. They believe that gold can perform well even if the Fed keeps rates unchanged, provided forward guidance indicates an imminent rate cut. However, a continued hawkish shift in the monetary policy outlook could create headwinds for gold, at least in the short term. Furthermore, if oil prices remain at $100 per barrel, becoming the new normal, it could limit golds upward momentum towards $5,000 per ounce.Fitch Ratings: Iranian conflict widens profit gap among Asia-Pacific chemical producers.On May 5th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.0680%, and the lowest was 0.9850%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.1356%, and the lowest was 1.0681%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.1080%, and the lowest was 0.9730%.National Australia Bank: The Reserve Bank of Australias cash rate is expected to peak at around 4.6%.Futures News, May 5th - According to foreign media reports, soybean futures on the Chicago Board of Trade (CBOT) closed higher on Monday, with the benchmark contract rising 1.62%, reaching a seven-week high, driven by escalating geopolitical conflicts in the Middle East that pushed crude oil prices sharply higher, and strong domestic soybean crushing demand in the United States. International crude oil futures surged about 6% on Monday due to escalating tensions between the United States and Iran in the Strait of Hormuz. As soybean oil is an important feedstock for biofuels, the rise in crude oil prices drove soybean oil contracts to new highs, boosting soybean futures prices. Analysts pointed out that the rise in the energy market continues to dominate soybean price movements, as it helps boost the demand outlook for soybeans as a renewable fuel feedstock. Domestic soybean crushing data in the United States also provided fundamental support. US soybean crushing volume in March was 227.4 million bushels, higher than 206.8 million bushels in the same period last year. Cumulative crushing volume for the 2025/26 marketing year so far has reached 1.65 billion bushels, an increase of 8.5% year-on-year.
