Mayday: Rupee breaches 96 wall, pulls back after RBI intervention.The Indian rupee faces historic challenges, having plummeted to unprecedented levels against the US dollar. The surge in crude oil prices is a key factor in this decline.

USD/JPY Weekly Outlook: Rising US yields and a crumbling yen leave BOJ exposed.After suspected intervention activity from Japanese authorities created havoc with traditional market relationships the prior week, USD/JPY reverted to trading primarily off moves in the front-end of the US Treasury curve over the past five trading days. As shown in the rolling correlation matrix below, short-dated US yields once again emerged as the standout driver of the pair, providing a far better read on what matters and what does not heading into the new week.

investingLive Americas FX news wrap 15 May: Powell exits as inflation fears roar.Fed Chair Powell's eight-year run as Fed Chair officially came to an end today, and he exited with markets under heavy pressure from sharply rising yields and renewed inflation concerns.

Singapore: NODX gains extend on AI cycle – DBS.Singapore: NODX gains extend on AI cycle – DBS

Japan: Energy shock lifts inflation more than GDP – ING.Japan: Energy shock lifts inflation more than GDP – ING

Natural Gas Price Forecast: Bullish Pennant Near Breakout Zone.Natural gas consolidates in a bullish pennant after a wedge breakout, with momentum building toward a potential breakout above key resistance while maintaining structured support levels.

Forecasting the upcoming week: Markets shift focus to PMIs and central bank events.Forecasting the upcoming week: Markets shift focus to PMIs and central bank events

Natural Gas News: June Futures Break 50-Day MA as Summer Heat Builds.June natural gas futures broke above the 50-day MA at $2.943 Friday as hotter late-May forecasts and a tighter-than-expected 85 Bcf storage build fuel a bullish breakout.

Asian FX: Dollar strength caps RMB-led optimism – OCBC.Asian FX: Dollar strength caps RMB-led optimism – OCBC

Japan CFTC JPY NC Net Positions fell from previous ¥-61.7K to ¥-75.1K.Japan CFTC JPY NC Net Positions fell from previous ¥-61.7K to ¥-75.1K

United States CFTC Oil NC Net Positions fell from previous 178.8K to 169.9K.United States CFTC Oil NC Net Positions fell from previous 178.8K to 169.9K

United Kingdom CFTC GBP NC Net Positions up to £-43.1K from previous £-63.9K.United Kingdom CFTC GBP NC Net Positions up to £-43.1K from previous £-63.9K

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Trump Says He Is Losing Patience With Iran.Oil markets gained strong upside momentum ahead of the weekend.

Chinese Yuan: Growth outlook improves on US-China talks – DBS.Chinese Yuan: Growth outlook improves on US-China talks – DBS

US Dollar Index climbs to five-week high as hawkish Fed bets gather pace.US Dollar Index climbs to five-week high as hawkish Fed bets gather pace

British bonds under pressure. Yields at their highest in years.UK government bonds came under pressure as investors reacted to political uncertainty around Andy Burnham and fears of a looser fiscal policy. Rising yields, a weaker pound and memories of the 2022 gilt crisis have put fiscal discipline back at the centre of market concerns.

Indonesia: Rate hike expectations support Rupiah – ING.Indonesia: Rate hike expectations support Rupiah – ING

India raises export duty on petrol, diesel and aviation fuel.India raised its export duty on petrol, diesel and aviation ​fuel, its government said in ‌a statement late on Friday, within a day of raising retail fuel ​prices for the first ​time since the Iran war started.

Euro gains against British Pound amid rising UK leadership uncertainty.Euro gains against British Pound amid rising UK leadership uncertainty

United States Baker Hughes US Oil Rig Count climbed from previous 410 to 415.United States Baker Hughes US Oil Rig Count climbed from previous 410 to 415

Moscow court backs central bank in $249 bln Euroclear damages claim, lawyers say.A court in Moscow has ​upheld the Russian central ‌bank's claim to recover damages from Euroclear related ​to the freezing ​of assets worth 18.17 trillion ⁠roubles ($249.43 billion), according ​to Euroclear's lawyers.

U.S. Dollar Tests New Highs Amid Sell-Off In Bond Markets: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.Rising demand for safe-haven assets provided support to the American currency.

The new Fed Chair's balance sheet erasure and Market bloodshed.Global Markets update: : Financial markets face widespread carnage as aggressive Federal Reserve tightening plans trigger a massive liquidity drain. As the S&P 500 and Nasdaq crash back to reality and the Greenback surges to multi-year highs, explore a broad Market check and Treasuries dynamics

WTI Oil extends rally as Trump signals Chinese buying, Hormuz supply risks persist.WTI Oil extends rally as Trump signals Chinese buying, Hormuz supply risks persist

Russia Consumer Price Index (MoM) registered at 0.14%, below expectations (0.3%) in April.Russia Consumer Price Index (MoM) registered at 0.14%, below expectations (0.3%) in April

Stock Markets Slide as Bond Yields Hit Highest Since 2007.Stock markets reeled on Friday as surging bond yields and renewed inflation fears wiped out the recent rally. The 30‑year U.S. Treasury auction cleared at 5%, the highest since 2007, with 10‑year yields hitting a 10‑month high of 5.061% and even two‑year notes pushing above 4%.

United Kingdom: Leadership race shapes fiscal outlook – TD Securities.United Kingdom: Leadership race shapes fiscal outlook – TD Securities

Colombia Retail Sales (YoY) came in at 13.4%, above expectations (10.1%) in March.Colombia Retail Sales (YoY) came in at 13.4%, above expectations (10.1%) in March

Euro: Growth downgrades and softer outlook – Societe Generale.Euro: Growth downgrades and softer outlook – Societe Generale

Australian Dollar extends sharp decline as Fed hike repricing lifts US Dollar.Australian Dollar extends sharp decline as Fed hike repricing lifts US Dollar