Treasury announces the auction schedule for next week..Separately, the U.S. Treasury said future increases in auction sizes will be guided by trends in structural demand as well as the potential costs and risks tied to its overall issuance profile. The department also signaled that it expects to further increase the size of shorter-dated benchmark bill auctions and may issue additional short-dated cash management bills to meet elevated liquidity needs around the end of May.

US ADP Jobs Growth Accelerates to 109k as Hiring Strengthens at Small and Large Firms.US private sector employment growth accelerated in April, with ADP payrolls rising 109k, well above expectations of 79k and significantly stronger than March's 61k gain.

US April ADP employment +109K vs +99K expected.For background, the ADP National Employment Report is a widely followed monthly gauge of U.S. private-sector hiring, produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab. It draws on aggregated and anonymized payroll data from over 26 million employees, making it one of the largest non-government labor market datasets available.

United States ADP Employment Change registered at 109K above expectations (99K) in April.United States ADP Employment Change registered at 109K above expectations (99K) in April

USD/JPY and Crude Oil Forecast: US-Iran Optimism Builds Ahead of Key Data.We have seen some big moves across financial markets today with oil prices sliding more than 10% amid optimism about a deal between the US and Iran to end the blockade in the Strait of Hormuz. With oil plunging, stagflation worries have receded sharply, and investors have piled back into European stocks, metals and foreign currencies, while selling the US dollar.

Trump Just Unleashed A Stealth Weapon Against China — And The Gulf Took The Bait.To add Benzinga News as your preferred source on Google, click here. For more than a decade, China has been waging a quiet offensive against the U.S. dollar, and the front line has been oil.

US President Trump: If Iran doesn't agree, bombing starts at much higher level.US President Trump: If Iran doesn't agree, bombing starts at much higher level

investingLive European markets wrap: End in sight to US-Iran war? Or another false dawn?.Is it all too good to be true? Things are starting to take shape today in what looks to be a potential path towards ending the conflict between the US and Iran.

USD/JPY: Intervention fears drive sharp gains – BNY.USD/JPY: Intervention fears drive sharp gains – BNY

US dollar to remain stuck in range, dependent on the Strait of Hormuz: Reuters poll .Developments in the U.S.-Israel war with Iran will steer the dollar in the near term, said FX strategists in a Reuters poll, who held on to their outlook for the currency to stay range-bound before weakening later this year.

Trump's ultimatum: If Iran doesn't agree to deal, the bombing will start at higher level."Assuming Iran agrees to give what has been agreed to, which is, perhaps, a big assumption, the already legendary Epic Fury will be at an end, and the highly effective Blockade will allow the Hormuz Strait to be OPEN TO ALL, including Iran. If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before.

USD/JPY drops sharply on suspected Japan intervention, easing US-Iran tensions.USD/JPY drops sharply on suspected Japan intervention, easing US-Iran tensions

PLN: NBP seen ending easing cycle with rates on hold – BBH.PLN: NBP seen ending easing cycle with rates on hold – BBH

Brent Breaks Below $100 as US and Iran Near Peace MOU to End War.Oil prices are falling sharply as markets aggressively unwind the geopolitical risk premium built on tensions in the Strait of Hormuz. Brent crude has now broken below the psychologically important $100 level, while WTI is sliding rapidly toward the $90 area, as diplomacy suddenly replaces disruption as the dominant market narrative.

United States MBA Mortgage Applications: -4.4% (May 1) vs previous -1.6%.United States MBA Mortgage Applications: -4.4% (May 1) vs previous -1.6%

Indian rupee seen broadly steady by currency analysts despite capital outflows: Reuters poll.The Indian rupee is expected to hold its ground against the U.S. dollar, according to a Reuters poll of currency analysts who have clung to the same view despite the currency consistently weakening amid persistent foreign capital ​outflows from domestic markets.

Iranian navy talks up possible safe transit through Strait of Hormuz as US threats recede.In a statement, the Iranian navy says that "with the end of threats from aggressors and in light of new procedures, safe and stable transit through the Strait of Hormuz will be possible". With that, we're seeing oil prices crater further on the session and risk trades rally to fresh highs on the day.

Rupee jumps to 94.61 vs USD, joins relief rally on hopes of US-Iran peace.The Indian rupee posted its best single ​day gain in a ​month on Wednesday, joining a global relief rally ​on rising hopes of a cessation of hostilities between the U.S. and Iran, which sparked sharp gains across Asian currencies.

Pound Sterling Today: GBP Resilient as Gilt Yields Hit Fresh Highs.The British Pound held relatively firm against the Euro and pushed higher versus the US Dollar despite another sharp rise in UK borrowing costs and growing political pressure on Prime Minister Keir Starmer. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.15674 (-0.13%)Pound to Dollar (GBP/USD): 1.36188 (+0.37%)Euro to Dollar.

Pound rises as US-Iran deal hopes offset UK political concerns.The British pound strengthened against the dollar on Wednesday after investors reacted positively to reports suggesting the United States and Iran were moving closer to a deal aimed at ending the war. Sterling rose 0.6% to $1.3621, trading near its highest level since February.

Copper: Geopolitics keeps volatility elevated – ING.Copper: Geopolitics keeps volatility elevated – ING

Pound gains from optimism over US-Iran deal, options suggest calm after local elections .The pound rose against the dollar on Wednesday, as investors ​took heart from an Axios report saying that the United States and Iran were closing in ‌on a deal to end the war.

Euro rallies amid higher risk appetite and hot Eurozone inflation data.Euro rallies amid higher risk appetite and hot Eurozone inflation data

USD/JPY: Intervention risk and peace headlines steer pair – MUFG.USD/JPY: Intervention risk and peace headlines steer pair – MUFG

Chart alert: China A50 bullish breakout above 6-month resistance.China A50 breaks above a 6-month resistance, reinforcing a bullish outlook as the index outperforms global peers amid geopolitical tensions. Gains of 7% since late February highlight resilience despite the US–Iran conflict.

Russia to start buying forex as Middle East war oil windfall arrives.Russia will buy foreign currency on ​the market in the coming month for the first time since before the ‌start of the war in Ukraine, according to a Finance Ministry statement, as windfall revenues start to arrive from high oil prices triggered by the U.S. war with Iran.

AUD: Carry support and energy link – OCBC.AUD: Carry support and energy link – OCBC

Eurozone PPI Surges 3.4% mom as Energy Costs Drive Sharp Producer Inflation.Eurozone producer price inflation accelerated sharply in March, with PPI rising 3.4% mom and 2.1% yoy, exceeding expectations of 3.3% mom and 1.8% yoy. The increase was driven overwhelmingly by energy costs, highlighting the growing inflationary impact of the Middle East conflict on the region's industrial sector.

Breaking: Risk flows dominate as Axios reports US-Iran close in on deal to end conflict.Breaking: Risk flows dominate as Axios reports US-Iran close in on deal to end conflict

Eurozone Producer Price Index (MoM) above forecasts (3.3%) in March: Actual (3.4%).Eurozone Producer Price Index (MoM) above forecasts (3.3%) in March: Actual (3.4%)