US Dollar: Supported by higher-for-longer Fed stance – TD Securities.US Dollar: Supported by higher-for-longer Fed stance – TD Securities

Crude Oil Price Analysis – Oil Continues to See Headlines Cause Havoc.Crude oil markets are heating up again, as the talks are in jeopardy. US attacks on a port, and the Iranian delegation demanding a release of $12B now take front and center stage.

USD/JPY Update: Is the yen struggling to regain strength?.Recent sessions have not been easy for the Japanese yen, as the currency has failed to sustain demand against the US dollar. In fact, USD/JPY has gained close to 1.00% over the last ten sessions, reflecting the yen's short-term loss of strength.

Japanese Yen: Stablisation seen as BoJ tightens gradually – BNP Paribas.Japanese Yen: Stablisation seen as BoJ tightens gradually – BNP Paribas

Natural Gas Price Analysis – Natural Gas Continues to Trade in a Range.Natural gas rallies slightly on Tuesday as we continue to watch the headlines out of the Middle East, and the potential disruption of supply for natural gas and energy in the EU an beyond.

Canadian Dollar: Range signals possible reversal against US Dollar – Scotiabank.Canadian Dollar: Range signals possible reversal against US Dollar – Scotiabank

EUR/USD, USD/CAD and USD/JPY Forecasts – US Dollar on the Move.US dollar remains noisy on Tuesday again, as traders are trying to sort out what is going on in the Middle East.

Dallas Fed Manufacturing Business Index for May 0.40 vs -2.30 last month.The Nasdaq 100 traded to 30K for the first time ever. The Nasdaq composite index is up 1.37%.

US Dollar: Positioning turns negative as Fed debate builds – Rabobank.US Dollar: Positioning turns negative as Fed debate builds – Rabobank

US Consumer Confidence Slips to 93.1 as Middle East Inflation Pressures Weigh on Households.US Conference Board Consumer Confidence edged down from 93.8 to 93.1 in May, slightly beating expectations of 91.6 but still highlighting growing pressure on households from elevated energy costs tied to the Middle East conflict. The decline suggests consumers are becoming somewhat less comfortable with current economic conditions even as broader recession fears remain contained.

Fed: Hawkish bias and extended hold – TD Securities.Fed: Hawkish bias and extended hold – TD Securities

Japanese Yen: BoJ signals scope for more hikes – BNY.Japanese Yen: BoJ signals scope for more hikes – BNY

ECB Sleijpen: ECB is between baseline and adverse scenarios.Earlier today, Schnabel said that the ECB should raise rates while Lane that that the ECB is not pre-committing to a particular path past June.

British Pound: Stabilisation expected with higher gilts – BNP Paribas.British Pound: Stabilisation expected with higher gilts – BNP Paribas

New Zealand Dollar: Soft footing into RBNZ decision – BNY.New Zealand Dollar: Soft footing into RBNZ decision – BNY

S&P/Case Schiller Home index for March -0.2% vs 0.1 estimate. YoY 0.8% vs 1.0% est.The S&P Cotality (formerly known as CoreLogic) Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate nationally.

Oil Stabilizes Near Lows, Peace Trade Cooling But Not Collapsing.Optimism surrounding a US-Iran peace agreement faded slightly today. Fresh military activity and tougher negotiation rhetoric cooled some of the aggressive optimism that swept across markets earlier this week.

US National Activity Index for April 0.14 vs -0.15% last month.The Federal Reserve Bank of Chicago National Activity Index (CFNAI) is a monthly measure of overall U.S. economic activity and inflation pressures. It combines 85 economic indicators tied to production, employment, consumption, housing, sales, and inventories into one index.

ECB's Lane Says Inflation Outlook Worsened as June Hike Expectations Build.European Central Bank Chief Economist Philip Lane gave markets little reason to doubt that a rate hike is approaching next month. As investors increasingly price tighter policy following the Middle East energy shock, Lane signaled that policymakers are comfortable with those expectations, saying, “I don't think the market needs some kind of extra guidance from us.

USD/JPY: Thick Daily Cloud Underpins Strongly But Traders Cautious on Looming Intervention.USD/JPY jumped on Tuesday as short-lived risk appetite was hit by renewed tensions in the Middle East that pushed the price to the upper side of a narrow near term range (158.80/159.35).

investingLive European FX news wrap: Hopes for US-Iran deal remain high.It's been a pretty calm session in terms of news and data releases. ECB policymakers confirmed market expectations of an interest rate hike in June but fell short from signalling the need for further hikes unless the data supported such a move over the summer.

Sterling weakens amid uncertainty over Iran conflict and UK politics.The British pound weakened on Tuesday as investor optimism surrounding a possible Iran peace agreement faded following recent US attacks on Iranian targets and comments from US Secretary of State Marco Rubio suggesting negotiations could take more time. Sterling was last down 0.2% against the US dollar at $1.348 after gaining 0.6% on Monday.

Ceasefire Frays, Tempers Enthusiasm, but Hope Lingers.The US dollar is trading with a slightly firmer bias against most currencies today. New hostilities in the Middle East war have blunted the hopes of an extended ceasefire, but such skirmishes are not uncommon in such situations.

Iran's frozen funds emerge as potential final sticking point in US-Iran deal.According to Iran's Fars news agency, the unfreezing of billions of dollars in Iranian assets has emerged as the final obstacle to securing a Memorandum of Understanding (MoU) aimed at ending recent hostilities and reopening the Strait of Hormuz. This issue is currently being ironed out through Qatari mediation.

Rupee slips with Asian peers as hopes of imminent U.S.-Iran peace deal falter.The Indian rupee weakened against the dollar as crude oil prices surged amid fading hopes for a U.S.-Iran peace deal. State-run banks intervened to cushion the fall.

UK CBI shows retailers sentiment fell at a slower pace compared to previous two quarters.The agency noted: "retail selling prices grew in the year to May at the slowest rate in over a year and are set to grow at a similar pace in June. Sales volumes in the retail sector fell short of seasonal norms in May, while annual sales volumes continued to fall but at a slightly slower pace.

Japan government retains its assessment that the economy is recovering moderately in May.There is no change to the assessment from April (which was also the same as in March), as the government notes that "the Japanese economy is recovering moderately, while attention should be given to the effects caused from the situation in the Middle East".

USD/JPY Rising Again, Markets May Test Japan Before They Test Iran.The powerful “peace dividend” trade that swept through global markets earlier this week is beginning to lose momentum, and USD/JPY is quickly emerging as one of the clearest expressions of that shift. As optimism over a rapid US-Iran agreement fades slightly and the pair resumes its climb toward the politically sensitive 160 zone, markets may soon test Tokyo's tolerance for Yen weakness before they fully test whether Tehran is actually ready to sign a final deal.

New Zealand Dollar: RBNZ hawkish stance may aid gains – MUFG.New Zealand Dollar: RBNZ hawkish stance may aid gains – MUFG

Australian Dollar: Neutral versus US Dollar inside tight corridor – UOB.Australian Dollar: Neutral versus US Dollar inside tight corridor – UOB