Oil: Deep summer deficits even with Hormuz deal – TD Securities.Oil: Deep summer deficits even with Hormuz deal – TD Securities

Brent Oil Challenges 97.81 as Iran Halts Talks. Peace Trade Faces First Real Test.Just as investors were becoming comfortable with the idea of a US-Iran agreement, oil markets received a sharp reminder of how fragile that assumption remains. Reports from Iran's state-affiliated Tasnim news agency indicated that Tehran will suspend negotiations with Washington until Israeli operations in Gaza and Lebanon cease.

Crude Oil Price Analysis – Oil Looking to Stay in Large Range.Crude oil markets continue to look for momentum on Monday, as we are at the bottom of a massive consolidation range in both grades. Headlines continue to be a major driver of where we are going again.

Natural Gas Price Analysis – Natural Gas Drops to Start the Week.Natural gas drops to kick off the trading week on Monday, as we are looking at a situation where the hope of demand in July (the front contract) had buyers entering. However, the temps in America remain mild.

US ISM Manufacturing Hits Three-Year High as New Orders Surge.US manufacturing activity accelerated in May, with ISM Manufacturing PMI rising from 52.7 to 54.0, well above expectations of 52.6 and marking its highest level since May 2022. The report points to a broadening recovery across the sector, with only 2% of manufacturing GDP now in contraction, down dramatically from 19% in April.

EUR/USD, GBP/USD and USD/JPY Forecasts – US Dollar Pushes Back Against Others.The US dollar has seen a little bit of strength against other currencies on Monday, but we continue to see more or less a range for most currency pairs at this point in time.

British Pound: Stronger Dollar caps gains near 1.3500 – ING.British Pound: Stronger Dollar caps gains near 1.3500 – ING

United States S&P Global Manufacturing PMI registered at 55.1, below expectations (55.3) in May.United States S&P Global Manufacturing PMI registered at 55.1, below expectations (55.3) in May

Natural Gas News: Forecast Turns Bearish as Weather Kills the Rally.July natural gas futures reversed hard after a failed breakout at $3.396. Mild weather and strong production keep sellers in control heading into June.

Iran stops message exchanges with US over attacks on Lebanon – Tasnim.Iran stops message exchanges with US over attacks on Lebanon – Tasnim

Canada S&P Global Manufacturing PMI declined to 52.9 in May from previous 53.3.Canada S&P Global Manufacturing PMI declined to 52.9 in May from previous 53.3

Brent Price Rises on Fresh Escalation in the Middle East.Brent oil price rose around 2% in early Monday trading (on track for the first daily gain after being eight days in red), following fresh escalation in the Middle East (escalation in Lebanon and fresh US attack on Iran and their subsequent response) that soured the sentiment.

Trump Says “Relax”, Markets Appear To Be Listening Despite Ongoing Iran Tensions.For a market supposedly obsessed with geopolitics, investors appear remarkably calm. The proposed US-Iran agreement remains unsigned, key details are still unresolved, and military exchanges between the two sides continue.

Iran eases passage for Japan ships in Strait of Hormuz amid tensions/negotiations..Reports are that Iran will allow Japan ships to pass through the Strait of Hormuz with greater ease. Iran Pres Pezeshkian in a call with Japanese PM Sanae Takaichi said that

Polish Zloty: Pressured by politics and energy shock – Commerzbank.Polish Zloty: Pressured by politics and energy shock – Commerzbank

Japanese Yen: Testing major resistance band – Societe Generale.Japanese Yen: Testing major resistance band – Societe Generale

Swedish Krona: Riksbank path a headwind for Swedish Krona – BBH.Swedish Krona: Riksbank path a headwind for Swedish Krona – BBH

Japanese Yen slips as Middle East tensions lift USD/JPY ahead data.Japanese Yen slips as Middle East tensions lift USD/JPY ahead data

US Dollar Index: Stronger USD and Fed independence focus – BNY.US Dollar Index: Stronger USD and Fed independence focus – BNY

Japanese Yen: BoJ hike risk and intervention effects – MUFG.Japanese Yen: BoJ hike risk and intervention effects – MUFG

India Manufacturing Output climbed from previous 4.3% to 6.2% in April.India Manufacturing Output climbed from previous 4.3% to 6.2% in April

India Industrial Output came in at 4.9%, above forecasts (3.9%) in April.India Industrial Output came in at 4.9%, above forecasts (3.9%) in April

Canadian Dollar: Range-bound view holds after weak Canada GDP – TD Securities.Canadian Dollar: Range-bound view holds after weak Canada GDP – TD Securities

ECB Survey Shows Inflation Expectations Stable but Growth Concerns Deepen.Eurozone consumers remained concerned about inflation in April, even as longer-term price expectations showed signs of modest improvement. According to the ECB's latest Consumer Expectations Survey, median inflation expectations for the next 12 months held steady at 4.0%, while expectations three years ahead eased from 3.0% to 2.9%.

Canada enters a technical recession: Why the Canadian dollar now depends entirely on a weaker US Dollar.Canada enters a technical recession: Why the Canadian dollar now depends entirely on a weaker US Dollar

USD/JPY Approaches 160.00: Is Another Intervention Coming?.USD/JPY continued its advance on Monday, reaching 159.46. The Japanese yen therefore remains under pressure near the key 160.00 level against the US dollar.

Mapping the Market: Threats to dollar rebound emerge.The U.S. dollar shows several warning signs on daily charts that suggest its latest recovery attempt may be losing ​strength.

Euro edges higher vs Yen as German data, ECB hike expectations lend support.Euro edges higher vs Yen as German data, ECB hike expectations lend support

Rupee ends little changed on two-way foreign portfolio flows, merchant hedging.The Indian rupee ended nearly flat on Monday as modest gains spurred by flows connected to MSCI's equity index rebalancing were eroded by persistent ​hedging demand from corporates, while traders kept their focus firmly on the ‌upcoming monetary policy decision.

Sterling little changed as markets await Iran updates.The British pound was little changed against the dollar on Monday, ‌remaining within its recent narrow range as investors awaited progress on peace talks between the U.S. and Iran.