WTI Crude Oil Weekly Forecast: Bullish Outlook as Contentious Ceasefire Continues - 03 May 2026.WTI crude oil reflects geopolitical tension and shifting supply flows, with price action stabilizing above key technical levels.

Singapore Manufacturing PMI climbed from previous 50.5 to 50.7 in April.Singapore Manufacturing PMI climbed from previous 50.5 to 50.7 in April

Week Ahead: RBA Hike, UK Local Elections, and US Employment Report.Three developments stand out from last week. First, all five G10 central banks that met delivered in some form of hawkish holds.

US Dollar: Hawkish Fed Pours Cold Water on Rate Cuts.The US dollar and Pound Sterling edged higher after both the Federal Reserve and Bank of England delivered hawkish holds, reinforcing expectations that interest rates will stay elevated for longer. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.35768Euro to Dollar (EUR/USD): 1.17197Dollar to Japanese Yen (USD/JPY): 157.0855 Fed.

Trump Auto Tariffs and Iran Oil Shock Raise Global Market Risk.Trump's proposed 25% tariff on EU cars and trucks and the U.S.-Iran oil shock could raise inflation risks, push Treasury yields higher, pressure European auto stocks, and challenge the U.S. stock market rally.

Scotiabank Pound-Dollar Forecast: GBP to Rise Towards 1.38 as BoE Supports Sterling.The Pound to Dollar (GBP/USD) exchange rate eased to 1.3576, with the pair consolidating after a recent rally as quieter holiday trading conditions limited volatility. Scotiabank notes that the British Pound Sterling remains supported by a relatively hawkish Bank of England stance, with Governor Bailey signalling an “active hold” on.

Rabobank US Dollar to Yen Forecast: USD/JPY to Fall to 158 in 3 Months.The Dollar to Yen (USD/JPY) exchange rate traded at 157.07, holding below recent highs after failing to sustain gains above the 160 level amid intervention risks and shifting policy expectations. Rabobank notes that the Japanese Yen remains one of the weakest G10 performers this year, with the currency still widely used as a funding.

Dollar on Thin Ice as Three Forces Hit: Risk Rally, Central Bank Divergence, Yen Shock.Dollar's broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside ahead.

USD/JPY Weekly Outlook: BOJ Intervention Shadow Looms Into NFP.We've entered a new regime where the threat of intervention is dominating USD/JPY, not movements in energy prices, with extended holidays in Japan, thin liquidity, and a heavy slate of US data all colliding to leave the potential for significant volatility. With nonfarm payrolls data out Friday, the near-term effectiveness of suspected intervention by the Bank of Japan (BOJ) will be put to the test.

Dollar set for sharp weekly loss versus yen after Japan steps in.The dollar logged its sharpest weekly drop against the yen since February amid suspected Japanese intervention. Authorities signalled discomfort with currency volatility, keeping markets cautious.

FX Futures Positioning: USD, USD/JPY, GBP/USD, AUD/USD | COT Report.Positioning data shows traders leaning into AUD strength, rebuilding CAD longs and pressing GBP shorts ahead of the BoE. USD exposure remains elevated, while NZD continues to lag with persistent net-short positioning.

USD/JPY: The Intervention Aftermath, Has BoJ Bought Time or Reversed Trend?.USD/JPY pair has undergone a violent shift in sentiment over the last 48 hours. After flirting with the psychological 160.00 handle, the pair was met with what appears to be aggressive yen-buying intervention (or the high-stakes threat of it), sending the pair into a tailspin.

The Weekly Bottom Line: Markets Jitter, Prices Bite.The fluid Middle East situation continued to drive Canadian financial markets. Oil prices remain volatile, with WTI up this week amid limited progress on diplomatic efforts between Iran and the U.S. Canadian bond yields also edged higher (as of writing), with Middle East tensions keeping inflation risks in focus.

Natural Gas News: Production Drop Drives Market Bounce as Futures Eye Breakout.Production drop drives natural gas futures higher, but weak demand, mild weather, and high inventory keep a lid on gains as key resistance levels come into focus.

Natural Gas Price Forecast: Breakout Signals Momentum Shift Toward Higher Prices.Natural gas strengthens after a wedge breakout and reclaim of key averages, with momentum improving as price approaches major resistance zones and higher moving averages.

The peace process is stalling ahead of April Non Farm Payrolls – Markets Weekly Outlook.A week ahead preview: Markets continue to surprise to the upside after the key Central Bank meetings, but the biggest action is yet to come as the new month begins. Get ready for the upcoming week by looking at the past week's Market performance, what changed and the key events to expect in next week)

Japan CFTC JPY NC Net Positions down to ¥-102.1K from previous ¥-94.5K.Japan CFTC JPY NC Net Positions down to ¥-102.1K from previous ¥-94.5K

United Kingdom CFTC GBP NC Net Positions declined to £-60.6K from previous £-52K.United Kingdom CFTC GBP NC Net Positions declined to £-60.6K from previous £-52K

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As Trump Rejects Iran's Proposal.Oil traders bet that U.S. – Iran negotiations will continue over the weekend.

US Dollar Index rebounds from two-week lows as as tariff tensions resurface.US Dollar Index rebounds from two-week lows as as tariff tensions resurface

USD/JPY: The intervention aftermath, has the BoJ bought time or reversed the trend?.The USD/JPY pair experienced a violent shift after the Japanese Ministry of Finance intervened following the breach of the 160.00 level. This estimated $30B intervention sparked a 2.2% yen rally.

Forex Seasonality – May 2026: Will the Dollar Bounce Back After a Rough April?.The beginning of a new month marks a good opportunity to review the seasonal patterns that have influenced the forex market over the 50+ years since the Bretton Woods system was dismantled in 1971, ushering in the modern foreign exchange market.

U.S. Dollar Moves Lower As ISM Manufacturing PMI Misses Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is losing some ground ahead of the weekend.

United States Baker Hughes US Oil Rig Count up to 408 from previous 407.United States Baker Hughes US Oil Rig Count up to 408 from previous 407

Forecasting the upcoming week: Nonfarm Payrolls, US-Iran peace talks on focus as DXY hits two-week lows.Forecasting the upcoming week: Nonfarm Payrolls, US-Iran peace talks on focus as DXY hits two-week lows

US President Trump: I will be increasing tariffs on vehicles imported from the European Union.US President Trump: I will be increasing tariffs on vehicles imported from the European Union

WTI Crude falls as Iran proposal lifts hopes for US-Iran talks.WTI Crude falls as Iran proposal lifts hopes for US-Iran talks

Trump: Tariffs on European cars and trucks coming into the US will increase to 25%.Pres. Trump on a Truth Social post says he will increase tariffs on European cars and trucks next week to 25% citing that they are not fully agreeing to the trade deal.

USD/JPY steadies after Japan's intervention checks Yen slide.USD/JPY steadies after Japan's intervention checks Yen slide

Australia S&P Global Manufacturing PMI up to 51.3 in April from previous 51.Australia S&P Global Manufacturing PMI up to 51.3 in April from previous 51