Australia April Services PMI (final) 50.7 (preliminary 50.3, prior 46.3).Still to come later, the Reserve Bank of Australia decision, due at 0430 GMT / 0030 US Eastern time. Governor Bullock will spaeak an hour later:

Crude Oil rallies on fresh missile strikes, can Brent reach $115?.Crude Oil rallies on fresh missile strikes, can Brent reach $115?

Reminder, Japanese and mainland China markets are close again today, Tuesday, May 5, 2026.Thin trading in the yen makes it more responsive to intervention efforts. Its has some spikey movies.

USD/JPY churns near 157.00 after the BoJ's FX intervention shock.USD/JPY churns near 157.00 after the BoJ's FX intervention shock

Trading Day: The oil, bonds tango.Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping, pushing U.S. Treasury yields higher and dragging stocks lower.

China: Blocking rule reshapes risk calculus – MUFG.China: Blocking rule reshapes risk calculus – MUFG

Natural Gas News: Short-Covering Rally or Trap? Market Analysis and Chart Levels.Natural gas futures rise today, but bearish market trend holds as inventory stays high. Analysis points to weak forecast despite lower production and steady LNG demand.

Natural Gas Price Forecast: Breakout Tests Key Resistance Zones.Natural gas extends its falling wedge breakout rally into key resistance, with moving averages and prior trend lines shaping whether upside continuation or pullback develops next.

Are Commodities Just One Month Away from a Major Supply Shock?.The world may be less than one month away from a major Commodity crunch point and most traders are still dangerously under-positioned.

IMF says worst-case global economy warning is now the working assumption - oil shock hit.IMF chief Georgieva has abandoned the fund's mild slowdown forecast, warning that if the Middle East war continues into 2027 with oil at $125 a barrel, a "much worse" global economic outcome must be expected.

Indonesia: Stable inflation outlook with oil risks – UOB.Indonesia: Stable inflation outlook with oil risks – UOB

ECB's Nagel: June rate hike may be warranted if the inflation outlook does not improve.ECB's Nagel: June rate hike may be warranted if the inflation outlook does not improve

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Iran Strikes A Petroleum Complex In Fujairah.Oil prices soar as traders focus on escalation in the Middle East.

Fed's Williams: Inflation likely to be 3% this year.Fed's Williams: Inflation likely to be 3% this year

China: Oil shock seen contained – Standard Chartered.China: Oil shock seen contained – Standard Chartered

Oil surges as Iran strikes UAE and Hormuz risks fuel supply fears.Oil surges as Iran strikes UAE and Hormuz risks fuel supply fears

Netherlands: Stockpiling supports manufacturing growth – ABN Amro.Netherlands: Stockpiling supports manufacturing growth – ABN Amro

Canada: Trade and jobs seen subdued – TD Securities.Canada: Trade and jobs seen subdued – TD Securities

U.S. Dollar Gains Ground Amid Rising Tensions In the Middle East: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.Rising demand for safe-haven assets provided support to the American currency.

Eurozone: Higher inflation and ECB hikes support Euro – BNP Paribas.Eurozone: Higher inflation and ECB hikes support Euro – BNP Paribas

USD/JPY Analysis: Can the Yen Continue Gaining Strength?.Recent sessions have been marked by heightened volatility in USD/JPY, as the pair has posted a decline of more than 2.11% on average over the last three trading days, reflecting a notable bearish bias that had not been seen in several months and highlighting a meaningful recovery in favor of the Japanese yen.

Japan's Katayama says Japan will take "decisive action" against speculative FX moves.Japan's Katayama says Japan will take "decisive action" against speculative FX moves

Turkey: Disinflation risks rise with energy shock – ING.Turkey: Disinflation risks rise with energy shock – ING

A Currency Intervention - Japan Imploding?.To add Benzinga News as your preferred source on Google, click here. Years ago, a massive money printer emerged out of Japan.

USD/JPY steadies after suspected Japan intervention amid safe-haven Dollar demand.USD/JPY steadies after suspected Japan intervention amid safe-haven Dollar demand

India: IIP Growth mix signals uneven demand – Societe Generale.India: IIP Growth mix signals uneven demand – Societe Generale

Brazil revives consumer debt relief program ahead of election.Brazil relaunched on Monday a broad consumer debt relief program first introduced in 2023, to cut interest burdens and ​boost disposable income ahead of President Luiz Inacio Lula da Silva's ‌reelection bid in October.

Fed: Gradual easing risks delay – TD Securities.Fed: Gradual easing risks delay – TD Securities

Bank of Italy says EU should consider tokenised SEPA payments.The European Union ​should evaluate working on a tokenised version of its payments system to ‌help it keep up with technology changes, a senior Bank of Italy official said on Monday.

JPY: Intervention bounce faces policy doubts – Commerzbank.JPY: Intervention bounce faces policy doubts – Commerzbank