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2026-05-25 Monday

2026-05-30

10:43:30

[This Week's Preview: Focus on US PCE, Reserve Bank of New Zealand Decision, and Middle East Situation] 1. In the coming week, with trading hours shortened due to the US Memorial Day holiday, market focus will be on the US April core personal consumption expenditure price index (PCE), the Reserve Bank of New Zealand's interest rate decision, and the latest developments in the US-Iran situation. 2. US markets will be closed on Monday (May 25) for a holiday. The April PCE price index, released on Thursday, will be the most significant economic data of the week—a key reference indicator for the Federal Reserve to measure inflationary pressures, coinciding with Kevin Warsh's formal appointment as the new Fed chairman amid escalating price pressures. In addition, the US will also release consumer confidence, revised Q1 GDP figures, April durable goods orders, personal income and spending, new home sales, and initial jobless claims data this week. Philadelphia Fed President Patrick Harker and New York Fed President John Williams will each deliver public speeches. 3. Regarding the Middle East situation, US-Iran peace talks are at a critical crossroads. Market expectations for the reopening of the Strait of Hormuz have fluctuated, with conflicting signals from Trump and Iranian officials. Analysts point out that if there is a substantial breakthrough in the negotiations, oil prices may fall further, alleviating market concerns about runaway inflation; conversely, if negotiations stall again, coupled with geopolitical uncertainties, the US dollar is expected to receive further support, and oil prices will return to an upward trend. 4. The Reserve Bank of New Zealand will announce its interest rate decision on Wednesday (May 27), with the market widely expecting the official cash rate to remain unchanged at 2.25%. Investors will closely watch whether the policy statement shows a hawkish shift in its description of inflation and economic growth. Westpac Bank predicts that the New Zealand official cash rate may climb to around 3% by the end of 2026 due to the energy shock caused by the war with Iran. The Australian April CPI data, released on the same day, will also test market expectations for a steep interest rate hike path by the Reserve Bank of Australia. Surveys show that economists expect Australia's April inflation rate to accelerate further to 4.8% from 4.6% in March, which will provide additional support for the Australian dollar. 5. In Japan, the May core CPI in Tokyo, the April unemployment rate, industrial production, and retail sales data will be released this week. Bank of Japan Governor Kazuo Ueda will deliver the opening address at the central bank-IMES conference on Wednesday. The market is focused on whether the Tokyo CPI will show signs of acceleration to alleviate concerns that a continued weakening of the yen could trigger a new round of intervention.

10:24:47

[US-Iran negotiations make progress, the US dollar index opens lower and falls to a one-week low, and risk currencies such as the Australian dollar and New Zealand dollar benefit] (1) The US dollar opened lower in early Asian trading on Monday, falling as much as 0.38% to 98.95, close to a one-week low, as the market hoped that the US and Iran would reach an agreement to reopen the Strait of Hormuz. Oil prices once fell by 6% and broke below the $100 mark to $97.66 per barrel, which partially eased concerns about inflation and interest rate hikes. The safe-haven demand for the US dollar also weakened. However, the Trump administration had previously downplayed the hope of reaching an agreement with Iran soon. Currently, the decline in oil prices has narrowed, and Brent crude oil has slightly rebounded to around $99.09 per barrel. (2) US President Trump said on Saturday that a memorandum of understanding on reaching a peace agreement with Iran has been "basically agreed." At the same time, the US, Iran and the parties mediating in Pakistan all reported that the negotiations had made progress. Trump posted again on Sunday that the US blockade of Iranian ships in the Strait of Hormuz will "remain fully effective and continue to be enforced until an agreement is reached, confirmed and signed." The Iranian government has not yet responded immediately. Hopes for a lasting peace agreement remain fragile over the weekend. (3) Non-US currencies generally gapped up, with the Australian dollar and New Zealand dollar leading the gains, both opening about 0.4% higher. As of 10:20, the Australian dollar rose 0.66% to US$0.7172 and the New Zealand dollar rose 0.62% to US$0.5881. The US dollar fell 0.27% to 158.75 yen against the Japanese yen; the euro rose 0.43% to US$1.1648 against the US dollar, reversing the decline of the previous two trading days; the pound sterling rose to a new high of nearly 7 trading days to US$1.3489 against the US dollar, and is currently up 0.36% to US$1.3480. (4) Westpac analysts wrote in a research report: "There are initial signs that risk appetite remains supported, with early trading in Sydney showing a broad sell-off in the US dollar, which benefited 'riskier' currencies such as the Australian dollar." (5) Chris Weston, head of research at Pepperstone Group in Melbourne, said: "The market is used to being extremely patient with substantial breakthroughs, but an agreement remains the basic expectation, and the weekend news further strengthened this confidence, although the specific timing is still unclear."

09:47:22

[New US Rule Requires Green Card Applicants to Leave the Country to Submit Applications, Draws Widespread Criticism] (1) The US Citizenship and Immigration Services (USCIS) has introduced a new policy requiring green card applicants to return to their country of origin to submit their applications, no longer allowing them to wait for processing in the US; however, exemptions may be granted for those who are in the national interest or seeking asylum. The Department of Homeland Security stated that this move aims to close loopholes in the system. (2) Democratic lawmakers and immigration advocates strongly criticized the policy as "reckless and wrong." Representative Grace Meng stated that she would exhaust all means to push for its repeal; immigration advocate Butoria pointed out that this would put 1.2 million Indian Americans and their families in distress and warned that she would file a lawsuit. (3) Many experts and politicians believe that the policy will harm US competitiveness. Bill of the Cato Institute called it "illogical" and would push talent to other countries; Representative Stanton stated that forcing immigrants to leave the country would deprive them of their innovation, tax revenue, and economic contributions; Coursera's Andrew Ng called it a capricious attack on legal immigrants, which would hurt families and weaken US competitiveness in areas such as AI. (4) Currently, more than one million people in the U.S. are awaiting the outcome of their green card applications. After the new rule takes effect, most applicants will be unable to remain in the U.S. during the processing period, potentially leading to a decline in legal immigration. Critics argue that this move will cause immense suffering to families and cause the U.S. to lose doctors, teachers, and scientists.

08:47:49

[Shengli Jiyang Shale Oil Production Exceeds 2 Million Tons After Overcoming Technical Challenges] It was learned today from Sinopec that the cumulative production of the Shengli Jiyang Shale Oil National Demonstration Zone, my country's first national-level demonstration zone for shale oil in a continental rift basin, has exceeded 2 million tons. Unlike conventional oil, shale oil is stored in dense rock fissures and cannot flow naturally. It is generally buried deeper and the oil layers are scattered, making it a globally recognized world-class challenge in the field of oil and gas exploration and development. Through independent innovation, the research team overcame more than 40 key technologies, innovatively forming a shale oil exploration and development theory adapted to continental rift basins. They pioneered the "reservoir-fracture-pressure" development technology system, successfully transforming 90% of the previously untapped shale oil resources in the region into high-quality reserves that can be effectively extracted, and successively discovering three oil fields with reserves exceeding 100 million tons. To date, the Shengli Jiyang Shale Oil National Demonstration Zone has reported a cumulative proven reserve of 327 million tons and an estimated resource volume of 10.5 billion tons. This is equivalent to discovering a completely new large-scale oilfield on top of the existing production capacity of the Shengli Oilfield, laying a solid resource foundation for the stable production and increase of crude oil in eastern my country and for the stable succession of energy strategies. (CCTV)

08:27:49

[EU Warns of Stagflation Pressures, Lagarde: Excessive Fiscal Easing Will Trigger Interest Rate Hikes] (1) EU officials said on Friday that the European economy is facing stagflation due to soaring energy prices caused by the war with Iran, but governments need to be wary that large-scale fiscal support may trigger a fiscal crisis or prompt the European Central Bank to raise interest rates. (2) The European Commission predicted on Thursday that the Eurozone economy will grow at 0.9% in 2026 from 1.3% in 2025, and the inflation rate will rise from 1.9% to 3.0%, far exceeding the European Central Bank’s target of 2.0%. Eurozone finance ministers’ meeting chairman Pierrakakis said that although there are stagflation pressures, Europe is resilient. (3) Investors are worried that the war with Iran will trigger a sustained inflationary shock, and government bond yields have risen to multi-decade highs, which may seriously weaken the spending power of governments, businesses and households. (4) European Central Bank President Christine Lagarde told finance ministers that if fiscal policy is excessively loosened to buffer the energy price shock, the European Central Bank will respond by raising interest rates. She emphasized that fiscal policy should be “temporary, targeted and specific”, otherwise it will force a change in the monetary policy stance. Pierrakakis stated that finance ministers have grasped this message, and that fiscal and monetary policies should be coordinated.

08:13:51

The final reading of Singapore's annualized quarterly GDP growth rate for the first quarter

Previous : -1.30% Forecast : -

Published Value 3.90%

Previous

08:09:41

The final reading of Singapore's seasonally adjusted GDP growth rate for the first quarter

Previous : -0.30% Forecast : -0.10%

Published Value 3.90%

Previous

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4559.26

63.67

(1.42%)

XAG

75.741

0.124

(0.16%)

CONC

87.63

-1.27

(-1.43%)

OILC

91.39

-1.00

(-1.08%)

USD

98.873

-0.136

(-0.14%)

EURUSD

1.1668

0.0018

(0.16%)

GBPUSD

1.3466

0.0022

(0.16%)

USDCNH

6.7647

-0.0043

(-0.06%)