Iran's president resigns, says IRGC seized control and cut him out of decisions.Iranian President Pezeshkian has resigned (media sources), telling Supreme Leader Khamenei the IRGC had seized control of all major decisions and rendered elected civilian government unworkable.

Oil News: Weekly Oil Outlook Hinges on OPEC Cuts and Demand Recovery.Crude oil faces a pivotal week as OPEC+ weighs output cuts, gasoline demand comes into focus, and inventory data tests the bullish oil outlook.

Natural Gas News: Natural Gas Futures Near Breakout as Surplus Shrinks.Natural gas futures test key resistance as shrinking inventory surpluses, Western heat, and an upcoming EIA storage report shape the weekly outlook.

Iran says no nuclear commitments made as talks with US continue.Iran's parliament security spokesman says no nuclear commitments have been made to the US, as the foreign minister confirms talks are ongoing but urges patience over premature judgements.

China manufacturing PMI falls to 50 in May as export orders contract.China's official manufacturing PMI slipped to 50.0 in May from 50.3, matching forecasts, as export orders contracted sharply; the non-manufacturing PMI rose to 50.1, beating the 49.5 consensus.

Economic and event calendar in Asia 01 June 2026 - Fed's Powell speaking.Former Federal Reserve Chair Powell has stayed on at the Bank as one of the members of the Board of Governors. He said he'll be keeping a low profile.

Stablecoin demand may soon fade, BoE's Greene says.The popularity of stablecoins could soon fade, replaced by tokenised deposits, or digital versions of traditional bank deposits, Bank of England policymaker Megan Greene said on Sunday, even as ​some colleagues took a different view.

Could UK Inflation Hit 5% Again? New Forecast Highlights Rising Risks.The UK's inflation outlook is becoming increasingly uncertain after fresh analysis from the National Institute of Economic and Social Research (NIESR) suggested consumer price inflation could potentially rise above 5% in early 2027. The warning adds to a growing market narrative that inflation may prove far more persistent than.

USD/JPY forecast note for the week.Current Setup and Live Chart The USD/JPY has found a top at the critical psychological zone around 159–160. Price hit this zone a few weeks back, and the pair received intervention from Japanese financial authorities.

China NBS Manufacturing PMI meets forecasts (50) in May.China NBS Manufacturing PMI meets forecasts (50) in May

China NBS Non-Manufacturing PMI came in at 50.1, above forecasts (49.5) in May.China NBS Non-Manufacturing PMI came in at 50.1, above forecasts (49.5) in May

Pound Sterling: Pantheon Warns Risks Are Growing for No BoE Rate Hikes in 2026.The British Pound has remained relatively stable, with GBP/EUR trading around 1.154 and GBP/USD near 1.35, but Pantheon Macroeconomics believes the outlook for UK interest rates has become less supportive for Sterling. Pantheon has revised its Bank of England forecast, arguing that falling energy prices have significantly reduced the need.

June 2026 Monthly.The world enters June optimistic that an extended ceasefire in the Middle East is possible. The front month Brent oil futures contract finished May at its lowest level in a little more than five weeks.

Why Kospi's AI-fuelled rally is leaving South Korea's won behind.South Korea's stock market has become one of the biggest beneficiaries of the global artificial intelligence boom, powered by surging demand for semiconductors from technology giants such as SK Hynix and Samsung Electronics. Yet even as the country's benchmark Kospi index has outperformed every other major equity market over the past year, the South Korean won continues to languish near crisis-era levels.

US-Iran Endgame in Sight? Markets Vote for Peace as Oil, Yields and Dollar Fall.The dominant story across financial markets last week was not artificial intelligence, central banks, or economic data. It was a dramatic shift in expectations regarding the future of the US-Iran conflict.

Rupee depreciation: What are the implications for commodities and Indian economy?.The Indian rupee experienced a sharp decline in 2026, nearing Rs. 97 against the US dollar before a slight recovery.

US Dollar Forecast: Tariff Refunds and Inflation Drive USDJPY, EURUSD, GBPUSD.Tariff refunds may ease pressure on U.S. businesses and households, but weak growth, lower savings, and sticky inflation keep the U.S. dollar outlook uncertain across USDJPY, EURUSD, and GBPUSD.

Rupee closes at 95 against dollar on its best day since April 2.The rupee strengthened significantly on Friday, closing at 95.00 to the dollar, its best performance since April 2. This rise was attributed to central bank intervention, a reported peace deal between Iran and the US, and easing oil prices.

RBI efforts boost rupee usage, yet global adoption remains limited.Despite RBI's efforts to boost rupee usage in international trade, including Special Rupee Vostro Accounts, its adoption for invoicing and settlement saw only modest growth over the past two fiscal years. This highlights the significant ground India must cover to internationalize its currency in a dollar-dominated global trading order.

The Weekly Bottom Line: Makings of a Deal.Hope for a peace deal to end the conflict between Iran and the U.S. and open the Strait of Hormuz dominated markets this week. While optimism around a possible 60-day truce has pushed oil prices sharply lower (down roughly nine percent relative to late last week), volatility remains elevated.

Expect Canada's Unemployment Rate to Tick Lower in May.Canada's economy had a soft start to 2026. Real GDP growth disappointed consensus expectations and was broadly unchanged in Q1 and the unemployment rate has edged higher.

Natural Gas Price Forecast: 200-Day Resistance Tests Momentum.Natural gas tests major resistance at the 200-day moving average, forms a bearish intraday reversal, while maintaining broader bullish structure within a rising channel and wedge framework.

Julius Baer Euro to Pound Forecast: Political Risks, BoE Repricing to Weigh on GBP.The Euro to Pound (EUR/GBP) exchange rate traded at 0.8663 on Friday, close to the middle of its 2026 trading range after Sterling surrendered some of its spring gains. The pair touched lows near 0.8620 earlier this month but remains below February highs around 0.8790.

Forecasting the upcoming week: The US Dollar fell as ceasefire hopes supported risk sentiment.Forecasting the upcoming week: The US Dollar fell as ceasefire hopes supported risk sentiment

US Bessent on Iran blockade says anything that is taken off will be taken off slowly.US Treasury Secretary Scott Bessent said the administration remains committed to pursuing a diplomatic resolution with Iran but warned that alternative options remain on the table if negotiations fail, while also offering a robust defense of the Federal Reserve's evolving policy framework and the long-term strength of the US dollar.

Eurozone CFTC EUR NC Net Positions down to €29.4K from previous €33.5K.Eurozone CFTC EUR NC Net Positions down to €29.4K from previous €33.5K

Australia CFTC AUD NC Net Positions: $60.2K vs previous $85.6K.Australia CFTC AUD NC Net Positions: $60.2K vs previous $85.6K

Japan CFTC JPY NC Net Positions down to ¥-114.7K from previous ¥-93.9K.Japan CFTC JPY NC Net Positions down to ¥-114.7K from previous ¥-93.9K

investingLive Americas FX news wrap: Trump touts naval blockade lift, progress toward deal.The highlight of the session was Trump's announcement on Truth Social of the lifting of the US naval blockade and a "final determination" on a broader agreement to follow shortly in the White House Situation Room. This gave the positive risk sentiment a further boost, with oil prices extending losses.

Trump did not reach a decision on any new deal with Iran after Situation Room meeting.Trump did not reach a final decision on a Memorandum of Understanding (MoU) with Iran during a nearly two-hour meeting in the White House Situation Room, according to a senior administration official familiar with the deliberations.