EU and Eurozone Trade Balances Slip Into Deficit Amid Strong Import Growth.The Eurozone recorded a EUR 1.0bn deficit in goods trade with the rest of the world in April, a sharp deterioration from the EUR 8.7bn surplus recorded a year earlier. While exports continued to grow, stronger import demand more than offset the gains, highlighting the impact of rising external purchases on the region's trade position.

Eurozone Industrial Production rises moderately by 0.1% in April, misses 0.3% estimates.Eurozone Industrial Production rises moderately by 0.1% in April, misses 0.3% estimates

Eurozone Industrial Production Edges Up 0.1%, Capital Goods Weaken.Eurozone industrial production rose by a modest 0.1% mom in April, falling short of expectations for a 0.2% mom increase. The data pointed to continued resilience in parts of the manufacturing sector, but the overall gain was constrained by weakness in capital goods and energy production.

British Pound: Faces policy and political risks – ING.British Pound: Faces policy and political risks – ING

Euro gains against Japanese Yen on US-Iran deal, eyes on BoJ policy.Euro gains against Japanese Yen on US-Iran deal, eyes on BoJ policy

Natural Gas and Oil Forecast: Truce Stability vs Oil Weakness — Can NatGas Find Bottom?.One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI slides to $80.57 after channel violation, Brent defends $83.37 support, and Natural Gas trades at $3.051.

Japanese Yen: BoJ hike offers limited Yen relief – BBH.Japanese Yen: BoJ hike offers limited Yen relief – BBH

ECB's Kazaks: Warned that upside inflation risks remain intact.ECB's Kazaks: Warned that upside inflation risks remain intact

First Light News: Peace Deal Optimism & Central Bank Announcements.After months of global uncertainty, the US and Iran have inked an interim peace agreement, with the formal sign-off expected as soon as Friday in Switzerland.

ECB's Nagel says no inflation relief in sight even if Hormuz Strait reopens soon.European Central Bank policymaker Joachim Nagel said on Monday there would ​be no immediate relief from an energy-driven spike in ‌inflation even if the Strait of Hormuz reopens soon because it will take months for oil supply to recover to its pre-war level.

Euro: ECB speakers guide expectations – ING.Euro: ECB speakers guide expectations – ING

Australian Dollar: Yield spreads point to downside – BBH.Australian Dollar: Yield spreads point to downside – BBH

ECB's Lagarde Sees Broader Inflation Effects Despite Iran Peace Progress.ECB President Christine Lagarde warned that elevated energy prices are no longer confined to fuel markets and are increasingly feeding into broader inflation across the Eurozone economy. Speaking to France Culture on Monday, Lagarde said the indirect effects of inflation have become visible “more or less everywhere” in recent weeks, highlighting growing concerns that the energy shock triggered by geopolitical tensions is becoming more deeply embedded.

Japanese Yen pares recent gains due to wide US-Japan interest rate differential.Japanese Yen pares recent gains due to wide US-Japan interest rate differential

Why an Iran peace deal won't pull the yen back from the brink.War in the Middle East pushed the yen to the brink of multi-decade lows and prompted the government to prop it up -- a peace deal, however, won't pull it back from ​the precipice.

US dollar tumbles as Iran peace deal sparks massive global risk rally.The US dollar lost some of its haven appeal on Monday as investors treated a tentative US-Iran peace framework as a reason to move back into risk assets and reassess the inflation threat from oil. The dollar index touched its weakest level since June 5 before steadying around 99.55 in Asia.

BoJ Kicks Off Central Bank Week as US-Iran Reach Peace Deal.Today, the Swedish Labour Force Survey for May will be published. Public Employment Service data last week showed unchanged unemployment for the fifth straight month.

US Dollar Longs Surge, Yen Shorts Hit Record High | COT Report.US dollar bulls strengthened their grip on futures markets last week, pushing net-long exposure to its highest level in 16 months. At the same time, traders continued to build record short exposure against the Japanese yen, while sentiment towards the euro and commodity-linked currencies deteriorated.

India LNG tanker carrying Qatari cargo crosses Strait of Hormuz after US-Iran deal.Shiptracking data is showing that a LNG tanker chartered by India's Petronet has crossed the Strait of Hormuz today. The vessel is said to be headed east to the exit of the strait after having been stranded on the west side for over three months already.

Will the Fed Blink? Markets Enter High-Stakes Week of Global Rate Decisions.Markets are entering a week where almost every major central bank is expected to stand still. Yet it could still become one of the most volatile policy weeks of the year.

Euro climbs above 1.1600 on US–Iran peace breakthrough.Euro climbs above 1.1600 on US–Iran peace breakthrough

India facing uncertainty over forex, oil prices, rain shortfall, says finance minister.India is ​facing uncertainty ‌over foreign exchange and crude ​oil and ​fertiliser prices, as well ⁠as a ​shortfall of ​rains this year, Finance Minister Nirmala ​Sitharaman said ​on Monday.

Bank of England to keep rates on hold after ECB hike.The Bank of England looks set to keep interest ​rates at 3.75% on Thursday as Governor Andrew Bailey judges the central bank can take its time to assess if higher energy prices ‌from the Iran war will generate lasting inflation pressure.

Indian Rupee surges as oil prices nosedive on US-Iran MoU finalization.Indian Rupee surges as oil prices nosedive on US-Iran MoU finalization

Australian Dollar strengthens on risk-on mood.Australian Dollar strengthens on risk-on mood

Japan Tertiary Industry Index (MoM): 1.3% (April) vs -0.2%.Japan Tertiary Industry Index (MoM): 1.3% (April) vs -0.2%

AUD/JPY Price Forecast: Strengthens above 113.00, positive tone remains intact.AUD/JPY Price Forecast: Strengthens above 113.00, positive tone remains intact

Bailey defends BoE decision to reduce gilt holdings.Bank of England Governor Andrew Bailey on Sunday defended the central bank's decision to reduce its ​holdings of British government bonds, saying the move ‌would restore its capacity to intervene in the future if needed.

New Zealand BNZ PSI Falls to 47.5 as Weak Consumer Spending Deepens Services Slump.New Zealand's services sector slipped deeper into contraction in May, with the BNZ-BusinessNZ Performance of Services Index falling from 48.7 to 47.5. The latest reading marked another month below the 50-point threshold that separates expansion from contraction, reinforcing signs that domestic demand remains subdued despite broader hopes of economic recovery.

Spacex Ipo Lifts Sentiment Ahead of Central Bank Meetings.The impact of the previous week's strong U.S. employment data did not continue for long. Markets started to focus on new events and the outlook ahead.