WTI Oil pulls back as Hormuz supply worries ease, Iran-US tensions keep volatility high.WTI Oil pulls back as Hormuz supply worries ease, Iran-US tensions keep volatility high

Spain 12-Month Letras Auction increased to 2.635% from previous 2.611%.Spain 12-Month Letras Auction increased to 2.635% from previous 2.611%

Spain 6-Month Letras Auction down to 2.357% from previous 2.362%.Spain 6-Month Letras Auction down to 2.357% from previous 2.362%

Yen Weakens as Demand for the US Dollar Returns.USD/JPY held near 157.22 on Tuesday following a volatile start to the week. Pressure on the Japanese yen has increased as demand for the US dollar has returned, with investors once again favouring the greenback as a defensive asset.

CAD: Loonie regains altitude on oil support – NBC.CAD: Loonie regains altitude on oil support – NBC

Fed: Warsh's challenge and Q4 cuts – BNY.Fed: Warsh's challenge and Q4 cuts – BNY

AUD: RBA's precautionary hike fails to lift currency – Commerzbank.AUD: RBA's precautionary hike fails to lift currency – Commerzbank

Brazil Fipe's IPC Inflation: 0.4% (April) vs previous 0.59%.Brazil Fipe's IPC Inflation: 0.4% (April) vs previous 0.59%

Oil Price Forecast: Brent and WTI Eye Breakout as Fuel Shortage Risk Grows.Oil prices pulled back after Monday's rally, but U.S.-Iran tensions, Strait of Hormuz risks, tight fuel supplies, and bullish Brent and WTI technical setups keep the breakout outlook alive.

Swiss CPI Accelerates to 0.6% YoY as Energy Import Costs Rebound.Swiss inflation picked up modestly in April, with headline CPI rising 0.3% month-on-month, driven largely by higher energy and travel-related costs. According to the Federal Statistical Office, increases in petrol, diesel and heating oil prices were key contributors, alongside higher airfares and international package holidays.

USD/JPY: Upside capped after intervention – TD Securities.USD/JPY: Upside capped after intervention – TD Securities

Brent: Supply risks support prices – ING.Brent: Supply risks support prices – ING

Intraday Analysis 05.05.2026.Intraday analysis covering GBPJPY, XAUUSD, where Gold retreats from recent highs, and GER40, focusing on short-term price action, key support and resistance levels, and intraday market momentum across major instruments. GBPJPY stuck sideways The pound has failed to revive itself after last week's sell-off saw the pair lose over 400 pips.

Spain Unemployment Change below expectations (-18.6K) in April: Actual (-62.668K).Spain Unemployment Change below expectations (-18.6K) in April: Actual (-62.668K)

Spain Unemployment Change below expectations (-18.6K) in April: Actual (-62.7K).Spain Unemployment Change below expectations (-18.6K) in April: Actual (-62.7K)

Euro depreciates further as the US–Iran ceasefire teeters.Euro depreciates further as the US–Iran ceasefire teeters

EUR/JPY holds below 184.00 as Japanese Yen steadies on suspected Japanese intervention.EUR/JPY holds below 184.00 as Japanese Yen steadies on suspected Japanese intervention

Iran says ‘new equation' is solidifying in the Strait of Hormuz.Iran says ‘new equation' is solidifying in the Strait of Hormuz

Natural Gas and Oil Forecast: US Production vs OPEC+ Cuts — Can WTI Hit $109 Before Pullback?.Geopolitical risks in the Middle East keep Brent crude supported near $114 while WTI clings to $104 channel support. Natural gas breaks lower as storage injections beat norms and summer cooling demand remains uncertain.

USD/JPY: Intervention and weak core CPI cap Yen support – Commerzbank.USD/JPY: Intervention and weak core CPI cap Yen support – Commerzbank

Iran parliament speaker says US has jeopardised shipping security through Strait of Hormuz."The new equation of the Strait of Hormuz is in the process of being solidified. The security of shipping and energy transit has been jeopardized by the United States and its allies through the violation of the ceasefire and the imposition of a blockade; of course, their evil will diminish.

Narrative Flips from AI to Middle East.Yesterday, the US announced it would escort ships through the Strait of Hormuz — calling it a humanitarian operation (!) Iran warned it would retaliate, and reports suggest the US went ahead regardless.

US-Iran Tensions Rise, RBA Hikes Rates to Counter Inflation.Today will be quiet in terms of data releases, with only US data releases on the calendar. In the afternoon, the April ISM Services Index and March JOLTs job openings will be released.

Dollar Rises as US-Iran Ceasefire Comes Under Strain, Markets Brace for Escalation Without Panic.Dollar is rising as risk aversion creeps back into global markets as the US–Iran ceasefire comes under increasing strain. Developments over the past 48 hours suggest the fragile truce is under mounting pressure, raising the risk of renewed escalation.

India's cash withdrawals surge 12% in first half of April; sustained trend may impact liquidity, economists say.Currency in circulation in India surged by over 610 billion rupees ($6.40 billion) in the first 15 days of April, pushing the total to a ​record 42.3 trillion rupees, and a sustained pattern could impact liquidity, economists said.

AUD/JPY trims losses near 112.50 as RBA hikes official cash rate to 4.35%.AUD/JPY trims losses near 112.50 as RBA hikes official cash rate to 4.35%

Australia central bank hikes rates for third time this year in battle with inflation.Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that ​inflation would remain sticky as the conflict in the Middle East unleashed a global oil ‌shock.

Singapore Retail Sales (YoY) fell from previous 8.3% to 4.8% in March.Singapore Retail Sales (YoY) fell from previous 8.3% to 4.8% in March

Singapore Retail Sales (MoM) rose from previous -4.1% to 3.7% in March.Singapore Retail Sales (MoM) rose from previous -4.1% to 3.7% in March

RBA Hikes Interest Rate to 4.35%, Signals It's Not Done Yet.The RBA has made one thing clear: it is not done yet. By lifting the cash rate to 4.35%, with the decision backed by an 8–1 majority, and signaling a path toward 4.7% by the end of 2026, the central bank is shifting decisively into a higher-for-longer stance as inflation proves more persistent than expected.