EU parliament negotiator says trade deal work is not yet done as May talks loom.EU parliament trade chief Bernd Lange says good progress has been made on EU-US trade deal legislation but more work remains, with the next trilogue set for May 19 in Strasbourg.

Fed's Goolsbee: US‑Iran conflict is an inflationary shock.Fed's Goolsbee: US‑Iran conflict is an inflationary shock

GBP/JPY Price Forecast: Breaks below 213.00 eyes on 212.00.GBP/JPY Price Forecast: Breaks below 213.00 eyes on 212.00

South Korea FX Reserves increased to 427.88B in April from previous 423.66B.South Korea FX Reserves increased to 427.88B in April from previous 423.66B

The Peace rally can't be stopped – North American Session Market Wrap for May 6.May 6, 2026 North-American Session Recap – Sentiment continues to be ecstatic as Axios revealed that a US-Iran deal is coming closer. Check up the latest trends and developments, daily asset and FX performance, what changed fundamentally and what's coming up in the session ahead.

Natural Gas Price Forecast: Bullish Breakout Faces Key Test.Natural gas pulls back after testing resistance, holding near key support while a recent wedge breakout keeps upside targets viable if the 50-day moving average is reclaimed.

Indonesia: Fiscal slippage keeps bearish bias – Societe Generale.Indonesia: Fiscal slippage keeps bearish bias – Societe Generale

Copper attempts to break its mid-April $6.10 spike – On the way to new ATH? XCU/USD Outlook.Copper (XCU/USD) update: The copper market surges as a tumbling US Dollar removes headwinds and peace hopes take hold. Driven by relentless AI Capex and structural grid upgrades, the orange metal looks to break key resistance levels.

USD/PHP: Inflation shock drives underperformance risk – MUFG.USD/PHP: Inflation shock drives underperformance risk – MUFG

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 8% As U.S. And Iran Evaluate A Potential Deal.Recent reports indicate that U.S. – Iran negotiations may restart next week in Islamabad.

Carry trade: Profit-taking risk builds into H2 – BNY.Carry trade: Profit-taking risk builds into H2 – BNY

USD/JPY falls on suspected intervention, US-Iran deal hopes weigh on USD.USD/JPY falls on suspected intervention, US-Iran deal hopes weigh on USD

South Korea: Gradual CPI rise keeps BoK cautious – ING.South Korea: Gradual CPI rise keeps BoK cautious – ING

Pound-to-Euro Rate Forecast News: UK Local Elections Key Risk for GBP.The Pound to Euro (GBP/EUR) exchange rate traded without clear direction on Wednesday as upbeat UK PMI data was offset by caution ahead of local elections. At the time of writing, GBP/EUR was trading around €1.1567, little changed on the day.

Fed's Goolsbee: Productivity's impact on inflation and interest rates could go in either direction.Fed's Goolsbee: Productivity's impact on inflation and interest rates could go in either direction

U.S. Dollar Pulls Back As Oil Dives: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.BoJ intervened to support the yen, putting additional pressure on the American currency.

China: Managed trade truce prospects – Standard Chartered.China: Managed trade truce prospects – Standard Chartered

RBI issues revised norms for entities dealing in forex.The Reserve Bank of India has introduced revised norms for foreign exchange dealings, ceasing the issuance of fresh licenses for money changers. The new regulations aim to streamline the authorization process for authorized persons and extend the principal-agent model for forex services.

WTI Oil slumps on US-Iran diplomatic progress, EIA inventory drawdown.WTI Oil slumps on US-Iran diplomatic progress, EIA inventory drawdown

LatAm: Hedging demand rises with Banxico in focus – BNY.LatAm: Hedging demand rises with Banxico in focus – BNY

USD/JPY Update: The yen reacts aggressively again, reviving speculation about possible intervention.During the latest trading session, the yen has once again shown a meaningful increase in volatility, with USD/JPY falling by more than 1.00% in the short term in favor of the Japanese currency, reactivating a dynamic of broader price swings.

WSJ: Iran & US mediators are hammering out a one page 14 point memorandum of understanding.The Wall Street Journal is reporting that the Iran and US mediators are hammering out a one-page 14 point memorandum of understanding to end the war. The memorandum would layout a framework for a month-long period of talks.

USD: Peace progress and Oil slide weigh – MUFG.USD: Peace progress and Oil slide weigh – MUFG

SEK: Positive real rates support currency outlook – BBH.SEK: Positive real rates support currency outlook – BBH

Fed's Musalem: inflation is meaningfully above target.Fed's Musalem: inflation is meaningfully above target

EUR/JPY declines as stronger Yen on intervention risks offsets ECB tightening expectations.EUR/JPY declines as stronger Yen on intervention risks offsets ECB tightening expectations

Brent Heading Towards De-escalation.At the start of the week, the nearest Brent futures contract once again exceeded $113, hitting the ceiling formed since the start of the armed conflict in the Middle East following news that Iran had resumed attacks on the UAE's energy infrastructure. However, on Wednesday, Brent crude fell by more than 10% intraday to $97, as the US announced the maintenance of the ceasefire and the conclusion of Operation Epic Fury.

Crude Oil Price Analysis – Oil Plunges on Signs of Peace to Test Support.The light sweet crude oil market has plunged early on Wednesday as we get news that the Americans and Iranians might be closer to peace.

Natural Gas Price Analysis – Natural Gas Continues to Drift Lower in Shoulder Season.The natural gas market has drifted a bit lower during the early hours on Wednesday, as demand will continue to be weak at this time of year.

Iran update: Conflicting messages from Israel. France says they can make the Hormuz safe..On peace negotiations, reaction from Israel is conflicting: Israel was reportedly unaware that the US was nearing a deal with Iran had been preparing for an escalation. Israel security/military officials reportedly believe negotiations are a waste of time and conveyed to the US a desire to resume attacks on Iran.