Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 4.5% As Tankers Openly Transit The Strait Of Hormuz.Oil markets are under strong pressure amid signs of normalization in the Strait of Hormuz.

Thai Baht: Low yields drive THB underperformance – MUFG.Thai Baht: Low yields drive THB underperformance – MUFG

Crude oil futures settle at $70.34. Stays below the 200 day MA..Crude oil futures are settling down 3.92% at $70.34, extending the recent slide in prices. During the session, crude fell below the $70.00 level for the first time since the start of the Iran war, reaching a low of $69.63.

WTI slides to its lowest level since March as shipping through Hormuz gradually normalizes.WTI slides to its lowest level since March as shipping through Hormuz gradually normalizes

Brazilian Real: LatAm policy paths and FX levels – Societe Generale.Brazilian Real: LatAm policy paths and FX levels – Societe Generale

Japanese Yen: Watching 162 resistance after hawkish BoJ – Scotiabank.Japanese Yen: Watching 162 resistance after hawkish BoJ – Scotiabank

Hungary: Lower CPI supports NBH cuts – Standard Chartered.Hungary: Lower CPI supports NBH cuts – Standard Chartered

United States 5-Year Note Auction: 4.2% vs 4.182%.United States 5-Year Note Auction: 4.2% vs 4.182%

Japanese Yen Short-term Outlook: USD/JPY Breakout Stalls at 2024 High as Intervention Risk Builds.USD/JPY remains pinned just below a pivotal resistance zone after extending its rally from the May lows. Momentum continues to favor the bulls, with daily RSI pushing into overbought territory for the first time in months, but the advance has begun to stall as price tests a key technical barrier.

Commodity FX: Positioning shifts shape prospects – BNY.Commodity FX: Positioning shifts shape prospects – BNY

ECB's Schnabel: “More hiking is needed to get to 2%.”.ECB's Schnabel: “More hiking is needed to get to 2%.”

Malaysian Ringgit: Bearish near term against US Dollar – MUFG.Malaysian Ringgit: Bearish near term against US Dollar – MUFG

Russia Industrial Output came in at -0.7%, below expectations (1.6%) in May.Russia Industrial Output came in at -0.7%, below expectations (1.6%) in May

Swiss Franc hits a ten-month low as hawkish Fed bets lift the US Dollar.Swiss Franc hits a ten-month low as hawkish Fed bets lift the US Dollar

Japanese Yen holds near 162 as intervention risk remain.Japanese Yen holds near 162 as intervention risk remain

Euro weakens for third day as Fed hike repricing eclipses German IFO improvement.Euro weakens for third day as Fed hike repricing eclipses German IFO improvement

United Kingdom: Market-friendly Burnham path – ABN AMRO.United Kingdom: Market-friendly Burnham path – ABN AMRO

Australian Dollar stays pressured amid cooling Australian inflation.Australian Dollar stays pressured amid cooling Australian inflation

Germany: Ifo survey signals tentative recovery – Commerzbank.Germany: Ifo survey signals tentative recovery – Commerzbank

WTI Oil nears pre-war levels below $70 as Gulf supply fears ease.WTI Oil nears pre-war levels below $70 as Gulf supply fears ease

Australian Dollar: Hawkish RBA tone versus tech risk – ING.Australian Dollar: Hawkish RBA tone versus tech risk – ING

British Pound trades lower against Japanese Yen as BoJ hawkishness lifts the Yen.British Pound trades lower against Japanese Yen as BoJ hawkishness lifts the Yen

United States New Home Sales (MoM) came in at 0.58M below forecasts (0.64M) in May.United States New Home Sales (MoM) came in at 0.58M below forecasts (0.64M) in May

United States New Home Sales (MoM) above forecasts (0.64M) in May: Actual (580M).United States New Home Sales (MoM) above forecasts (0.64M) in May: Actual (580M)

US Dollar: Exceptionalism without cash demand – BNY.US Dollar: Exceptionalism without cash demand – BNY

Crude Oil Price Analysis – Crude Oil Continues to Drop.Oil continues to see selling pressures on Wednesday, as we see a lot of celebrating of the peace that is coming. That being said, there will still be issues with the supply chain in the future.

Natural Gas Price Analysis – Natural Gas Continues to Range Trade.Natural gas continues to be somewhat lackluster, as we are caught between a few major moving averages. This is a market that will remain quiet without any external factors this time of year.

Bessent applauds reduction in Fed guidance, says 'dot plot' should be abandoned.U.S. Treasury ‌Secretary Scott Bessent on Wednesday applauded Federal Reserve Chair Kevin Warsh's plan to reduce forward rate guidance, but said Fed policymakers need to keep an open mind on the inflation impact of the Iran conflict and productivity gains driven by artificial intelligence models.

Dollar Stays in Charge as Markets Await Micron and Test AI Bull Case.Dollar remained firmly in control of global markets today, extending its broad-based rally even as risk sentiment showed tentative signs of stabilization. US equity futures pointed to a modest rebound at the open following this week's sharp technology-led selloff, as investors appeared reluctant to make aggressive bets ahead of Micron's earnings report after the bell.

AUD/USD, NZD/USD and USD/JPY Forecasts – US Dollar Continues to Grind Higher.The US dollar continues to grind higher overall, as we see plenty of dollar strength continuing. At this point, the market seems to be a little stretched, but still looks like most people favor the greenback.