PHP: Inflation shock drives hawkish BSP path – UOB.PHP: Inflation shock drives hawkish BSP path – UOB

Japanese Yen Weakens: USD/JPY Rebounds as EUR/JPY and AUD/JPY Diverge.The Japanese yen has weakened in the days following suspected MOF/BOJ intervention, with USD/JPY rebounding sharply. However, signals across yen pairs remain mixed, with EUR/JPY lagging and AUD/JPY showing relative strength.

United States API Weekly Crude Oil Stock came in at -8.1M, below expectations (-2.8M) in May 1.United States API Weekly Crude Oil Stock came in at -8.1M, below expectations (-2.8M) in May 1

Crude Oil Price Forecast: Key Levels Define Next Move.WTI crude oil holds near key moving average support, with price action approaching critical levels that could determine whether the next move is a breakout or deeper retracement.

Vietnam: Inflation surge raises SBV hike odds – DBS.Vietnam: Inflation surge raises SBV hike odds – DBS

Natural Gas Price Forecast: Bullish Signals Challenge Moving Averages.Natural gas holds below key moving average resistance after a wedge breakout, with bullish structure forming but upside continuation dependent on reclaiming higher trend levels.

Economic calendar in Asia. New Zealand job report..New Zealand's labour market looked set to show continued slack heading into the first quarter of the year, with economists flagging that upcoming survey data would paint a picture of restrained hiring and subdued wage growth before the Middle East conflict began to weigh on the economy.

Indonesia: Growth outlook steady with fiscal constraints – UOB.Indonesia: Growth outlook steady with fiscal constraints – UOB

Philippines: Inflation surge raises BSP hike risks – ING.Philippines: Inflation surge raises BSP hike risks – ING

India: BJP gains and market focus – DBS.India: BJP gains and market focus – DBS

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As U.S. Says Ceasefire Remains In Place.Oil markets are losing ground as U.S. did not react to Iran's attacks on UAE.

Indian rupee under pressure as Middle East tensions lift oil above $100.Indian markets have entered a period of heightened volatility, with sharp intraday swings, a weakening rupee, and rising oil prices reflecting the impact of global developments on domestic assets. Traders across equities, commodities, and currencies are recalibrating positions as conditions shift within hours rather than days.

Asian FX: Oil shock keeps currencies on back foot – OCBC.Asian FX: Oil shock keeps currencies on back foot – OCBC

USD/JPY: Upside risks grow with intervention threat – Scotiabank.USD/JPY: Upside risks grow with intervention threat – Scotiabank

Canada: Trade outlook stabilizes with energy boost – RBC.Canada: Trade outlook stabilizes with energy boost – RBC

U.S. Dollar Moves Lower As Oil Pulls Back: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is moving lower as traders react to geopolitical developments.

Pound Sterling Price News and Forecast: Rises as fragile ceasefire lifts risk appetite, trims USD.Pound Sterling Price News and Forecast: Rises as fragile ceasefire lifts risk appetite, trims USD

New Zealand GDT Price Index: 1.5% vs -2.7%.New Zealand GDT Price Index: 1.5% vs -2.7%

Trump news: Will talk about Iran with China's Xi.The war plan has shifted to exerting the pressure from the blockade to cause economic collapse, shortages of food and supplies, I crashing currency and runaway inflation

ECB's Villeroy: Not seeing sufficient signs yet to raise rates.The European Central Bank left its key interest rates unchanged at last week's April 30 meeting, maintaining the deposit rate at 2.00% while emphasizing a data-dependent, meeting-by-meeting approach amid heightened uncertainty. Policymakers acknowledged that while the baseline inflation outlook had not materially changed, risks have shifted meaningfully—tilted to the upside for inflation and to the downside for growth, largely driven by the Middle East conflict and the resulting surge in energy prices.

GBP/JPY rises as Oil-driven Yen weakness and BoE-BoJ rate gap sustain bullish bias.GBP/JPY rises as Oil-driven Yen weakness and BoE-BoJ rate gap sustain bullish bias

DXY: Cautious upside risks persist – Rabobank.DXY: Cautious upside risks persist – Rabobank

US JOLTS Job Openings decline to 6.866 million in March.US JOLTS Job Openings decline to 6.866 million in March

France Budget Balance dipped from previous €-32.12B to €-42.9B in March.France Budget Balance dipped from previous €-32.12B to €-42.9B in March

Crude Oil Price Analysis – Oil Drops to Kick Off Tuesday.Crude oil pulls back a bit during the trading session on Tuesday, as the longer-term range is a major barrier to new pricing. Ultimately, this market is moving on the latest tweets, which is difficult to deal with to say the least.

US ISM Services Eases to 53.6, Prices Index Holds Near Multi-Year High.US ISM Services PMI edged down from 54.0 to 53.6 in April, slightly missing expectations of 53.8 but still remaining above the 12-month average of 52.5, indicating continued expansion in the sector. Fourteen industries reported growth, one more than in March, while the number of industries in contraction held steady at three, pointing to a broadly resilient services economy.

United States RealClearMarkets/TIPP Economic Optimism (MoM) above forecasts (42) in May: Actual (42.6).United States RealClearMarkets/TIPP Economic Optimism (MoM) above forecasts (42) in May: Actual (42.6)

US S&P Global PMI services for April 2026 51.0 versus 51.3 expected.Prior month 49.8 preliminary 51.3 S&P Global services 51.0 versus 51.3 preliminary. S&P Global composite 51.7 versus 52.0 preliminary.

AUD/USD, NZD/USD and USD/JPY Forecasts – US Dollar Mixed in Asia.Consolidation is a word I would use to describe most forex pairs. At this point, I think a lot of traders have no real idea what to do with higher rates across the board.

JPY: Intervention buys time not trend change – NBC.JPY: Intervention buys time not trend change – NBC