Markets Face Triple Threat as AI Trade Cracks, Fed Risks Rise, and Iran Conflict Escalates.Markets ended the week in a far more defensive mood than they began it. After spending May climbing steadily on the back of AI enthusiasm, resilient economic growth, and hopes for easing geopolitical tensions, investors were suddenly forced to confront three separate risks at once.

Week Ahead: Surging Greenback on Robust Jobs Data, while ECB Hike Seen as a Done Deal.The war in the Middle East continues to disrupt flows from the region and helps shape risk appetites. After falling by almost 14% in the last two weeks of May, July WTI rose about 4.5% last week as there seemed to be little progress toward a resolution.

Oil Price Forecast 2026: Rabobank Sees Brent Crude Surging if Strait Closure Persists.Oil prices have fallen back from recent highs, with OIL/USD trading near $90.54 after reaching $95.32 earlier this week. However, Rabobank believes the market is underestimating the severity of the ongoing energy supply disruption.

Natural Gas News: Forecast Turns Cautious as Supply Glut Pressures Futures.Natural gas prices face pressure from abundant supply and weak LNG exports, though hot weather and global shortages support forecasts.

Dollar firms after strong US jobs data, pushes yen through 160 level.The dollar strengthened significantly, poised for over a 1% weekly gain following robust U.S. employment figures. Nonfarm payrolls exceeded expectations, boosting the dollar against the yen, which faces pressure near the 160 barrier.

Indonesia central bank, finance minister agree to boost asset yields to aid rupiah.Indonesia's central bank chief and finance minister on Saturday agreed to increase yields on Indonesian assets to attract portfolio inflows and support the rupiah, after the currency hit record ​lows in the past few weeks.

Rupee in rhapsody, passes 95 vs USD level at close.On Friday, the Indian Rupee made impressive gains, climbing 84 paise against the US Dollar. This upward momentum came after the Reserve Bank of India and the government introduced initiatives to lure foreign investors.

The Weekly Bottom Line: Canada's Economy Stalls Ahead of Trade Negotiations.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.

Bank of Canada to Hold Interest Rates as Prices Rise But Economy Wobbles.We have some key data releases in the week ahead, but the focus will be on the Bank of Canada's decision on interest rates on Wednesday where we expect a fifth consecutive hold.

USD/JPY Marches Higher as Markets Wake Up to Fed Risks.The yen heads into the new week on the back foot, with USD/JPY trading north of 160 despite markets pricing almost two full Bank of Japan rate hikes by year-end. Add in the threat of intervention from Japanese authorities and it's fair to ask why the yen isn't performing better.

Colombia Consumer Price Index (YoY) came in at 5.84%, below expectations (5.91%) in May.Colombia Consumer Price Index (YoY) came in at 5.84%, below expectations (5.91%) in May

Colombia Consumer Price Index (MoM) registered at 0.47%, below expectations (0.51%) in May.Colombia Consumer Price Index (MoM) registered at 0.47%, below expectations (0.51%) in May

Philippine Peso: BSP tightening path supports PHP – UOB.Philippine Peso: BSP tightening path supports PHP – UOB

Natural Gas Price Forecast: Double Top Risk Builds After Rejection.Natural gas pulls back after failing resistance near key moving averages, with a potential double top forming as traders monitor key support and downside confirmation levels.

New Zealand Dollar plunges to two-month lows after upbeat US NFP report.New Zealand Dollar plunges to two-month lows after upbeat US NFP report

South Korean Won: Semiconductor pullback weighs on KRW – DBS.South Korean Won: Semiconductor pullback weighs on KRW – DBS

Philippines: BSP seen staying hawkish on inflation – Standard Chartered.Philippines: BSP seen staying hawkish on inflation – Standard Chartered

Japan CFTC JPY NC Net Positions: ¥-129.6K vs previous ¥-114.7K.Japan CFTC JPY NC Net Positions: ¥-129.6K vs previous ¥-114.7K

United Kingdom CFTC GBP NC Net Positions rose from previous £-61.4K to £-52.2K.United Kingdom CFTC GBP NC Net Positions rose from previous £-61.4K to £-52.2K

United States CFTC Oil NC Net Positions declined to 155.9K from previous 161K.United States CFTC Oil NC Net Positions declined to 155.9K from previous 161K

Indonesia: Policy focus on stability as BI mandate widens – DBS.Indonesia: Policy focus on stability as BI mandate widens – DBS

Forecasting the upcoming week: US Dollar ends week higher after strong NFP.Forecasting the upcoming week: US Dollar ends week higher after strong NFP

Thai Baht: BoT seen holding rates as inflation stays supply-led – UOB.Thai Baht: BoT seen holding rates as inflation stays supply-led – UOB

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Dollar Rallies After NFP Report.Oil markets are losing ground as traders prepare for the start of the rate hike cycle.

New Zealand Dollar heads for 3% weekly loss as robust US payrolls data lifts US Dollar.New Zealand Dollar heads for 3% weekly loss as robust US payrolls data lifts US Dollar

Why Oil Prices Could Be Set for Their Most Explosive Move in Years.June and July could become the two critical months when global markets stop treating Oil as a side trade and start repricing it as the dominant macro trade of 2026.

Singapore Dollar: Firm NEER with mild upside against US Dollar – OCBC.Singapore Dollar: Firm NEER with mild upside against US Dollar – OCBC

Trump: Would like to see lower interest rates.What is curious is his response that will leave rate cut to Warsh but cites the October meeting. He seems to be giving in for the June, July, September meetings.

Chinese Yuan: Gradual appreciation expected versus Dollar – Nordea.Chinese Yuan: Gradual appreciation expected versus Dollar – Nordea

Baker Hughes oil rig count up 2 to 431.The Baker Hughes rig count for the current week shows oil im inventories up 2 to 431 . Natural Gas inventories are down -1 to 124 and Total rigs are up 1 to 563.