Oil Breakout Brewing as Inflation Picks Up.Razan Hilal, Market Analyst at Forex.com, examines crude oil prices as they hold near a key breakout zone, with inflation pressures and supply dynamics shaping the outlook. She highlights critical technical levels, including the $100 and $108 thresholds, and explains how macroeconomic data like U.S. CPI and Chinese PPI could influence the next move in energy markets.

US Dollar: Inflation focus shapes rate expectations – TD Securities.US Dollar: Inflation focus shapes rate expectations – TD Securities

US April NFIB small business optimism index 95.9 vs 96.1 expected.Bill Dunkelberg, Chief Economist at NFIB said: “Inflationary pressures continue to be a challenge for Main Street. While small business optimism is currently fragile, the benefits of the Working Families Tax Cut Act should start to feed into the private sector over the next few months.

United States NFIB Business Optimism Index below expectations (96.1) in April: Actual (95.9).United States NFIB Business Optimism Index below expectations (96.1) in April: Actual (95.9)

US Dollar: Hotter CPI and equity risks – ING.US Dollar: Hotter CPI and equity risks – ING

British Pound declines on UK political uncertainty as Dollar gains amid Iran tensions.British Pound declines on UK political uncertainty as Dollar gains amid Iran tensions

EUR/JPY Price Forecast: Steadies above 185.00, moving averages following ZEW Survey data.EUR/JPY Price Forecast: Steadies above 185.00, moving averages following ZEW Survey data

WTI Price Forecast: Extends advance to near $98 amid fears of prolonged Hormuz closure.WTI Price Forecast: Extends advance to near $98 amid fears of prolonged Hormuz closure

German ZEW Sentiment Rises to -10.2, But Economy Still Burdened by Energy Shock.Germany's ZEW Economic Sentiment index improved from -17.2 to -10.2 in May, beating expectations of -20.5 and signaling a modest improvement in investor confidence despite ongoing economic pressures linked to the Middle East conflict. Eurozone ZEW Economic Sentiment also rose sharply from -20.4 to -9.1, while the Eurozone current conditions gauge improved slightly by 1.6 points to -41.4.

Eurozone ZEW Survey – Economic Sentiment came in at -9.1, above expectations (-20) in May.Eurozone ZEW Survey – Economic Sentiment came in at -9.1, above expectations (-20) in May

South Africa Unemployment Total climbed from previous 7.836M to 8.137M in 1Q.South Africa Unemployment Total climbed from previous 7.836M to 8.137M in 1Q

Exclusive: Indian banks resume bullion imports after month-long halt over 3% levy, sources say.Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that ​earlier prompted lenders to halt shipments, trade and government sources told Reuters.

US dollar rises as Iran ceasefire fears shake market sentiment.The US dollar strengthened early Tuesday as investor sentiment weakened amid rising concerns over the fragile ceasefire between the United States and Iran. Markets are also closely watching the upcoming US Consumer Price Index data for April, which could influence expectations around Federal Reserve policy.

Natural Gas and Oil Forecast: Ceasefire Holds — WTI Reclaims $101, Brent Holds $106 — NatGas Struggles at $2.92?.With geopolitical risks fading, oil benchmarks return to supply-demand dynamics. WTI bounces strongly above $100 targeting $103, Brent defends ascending channel at $106.84, while Natural Gas remains capped below $2.945 with bearish bias.

Australian Dollar: Budget tightening focus – Rabobank.Australian Dollar: Budget tightening focus – Rabobank

Euro: Bearish-leaning against as ZEW stays weak – ING.Euro: Bearish-leaning against as ZEW stays weak – ING

ECB's Nagel: Baseline includes two rate hikes.ECB's Nagel: Baseline includes two rate hikes

Italy Industrial Output s.a. (MoM) above forecasts (0.2%) in March: Actual (0.7%).Italy Industrial Output s.a. (MoM) above forecasts (0.2%) in March: Actual (0.7%)

Sterling falls against dollar and euro as UK political tensions rise.Sterling weakened against both the dollar and the euro on Tuesday as investors closely monitored political developments in the UK amid mounting concerns over Prime Minister Keir Starmer's future in office. Starmer was consulting colleagues on Tuesday about whether he could remain as prime minister ahead of a crucial cabinet meeting.

US Dollar: Risk sentiment offsets data support – MUFG.US Dollar: Risk sentiment offsets data support – MUFG

British Pound drifts lower vs JPY amid intervention fears, UK political turmoil.British Pound drifts lower vs JPY amid intervention fears, UK political turmoil

UK borrowing costs march higher, sterling slumps as Starmer's future in doubt.UK borrowing costs neared their highest since 2008, sterling slumped and shares fell on Tuesday as investors ​brace for a potential change of leadership that ‌could endanger the fiscal rigour of the Keir Starmer government.

US Treasury Secretary Bessent: Forex volatility is undesirable.US Treasury Secretary Bessent: Forex volatility is undesirable

New Zealand Dollar remains subdued due to renewing US-Iran tensions.New Zealand Dollar remains subdued due to renewing US-Iran tensions

Fed: Rate cuts contingent on Strait of Hormuz – BNY.Fed: Rate cuts contingent on Strait of Hormuz – BNY

Bessent affirms close US-Japan ties in tackling currency volatility.The United States and Japan have reaffirmed close coordination in tackling excessive volatility in currency markets, according to comments from US Treasury Secretary Scott Bessent following meetings in Tokyo. Bessent confirmed through a post on X, formerly known as Twitter, that the two countries continue to maintain “constant and robust” communication regarding foreign exchange market movements.

The overall risk mood leans more defensively as we get into European trading today.The US-Iran conflict continues to drag on and at this stage, it looks like nothing will change for at least another week. After keeping somewhat steadier yesterday, markets are starting to run into a bit of nerves today as we see a more defensive risk posture take shape.

World markets feel the strain as US–Iran war grinds on.From a rout in Asian currencies to the closure of a low budget U.S. airline, the dragging Middle East conflict is starting to bite across the globe and test the resilience of financial markets.

When is the German ZEW Survey and how could it affect the Euro?.When is the German ZEW Survey and how could it affect the Euro?

Euro strengthens against Pound amid ECB rate hike expectations.The EUR/GBP cross advanced during the early European session on Tuesday, gaining traction near 0.8665 as the British Pound weakened amid growing political uncertainty in the United Kingdom. Investors are also awaiting the release of the ZEW economic sentiment surveys from Germany and the Eurozone later in the day, which could provide fresh direction for the Euro.