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Market News
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USD/JPY Plunges from 158 as Yen Surges on Another Suspected Intervention
While we’re yet to receive official confirmation of intervention from Japan’s Ministry of Finance (MOF), the price action strongly suggests it occurred, once again. A series of verbal warnings from officials, a rising USD/JPY, and increasingly bearish yen positioning in futures markets set the stage—while thin holiday liquidity provided the ideal conditions for a sharp
May 6, 2026 -
Oil prices retreat with Brent crude down 1.93 percent to $107.94 on eased supply fears
Global oil prices experienced a decline for the second consecutive day this Wednesday, driven by anticipations that restricted energy supplies from the vital Middle Eastern producing region might begin circulating once more. This shift in market sentiment follows comments from U.S. President Donald Trump, who suggested that a potential peace agreement could be finalized to
May 6, 2026 -
Oil prices little changed as ceasefire holds and US crude stocks fall
Oil extends slide as Trump indicates possible Iran peace dealBy Helen Clark and Jeslyn Lerh Oil Prices Drop Amid Hopes for Iran Peace DealSINGAPORE, May 6 (Reuters) – Oil prices fell for a second day on Wednesday on expectations bottled-up supply from the key Middle East producing region could resume flowing after U.S. President Donald
May 6, 2026 -
Gold jumps 2% as market stays in flux, oil prices drive volatility
Gold jumps 2% on weaker dollar, Iran peace deal optimism.Oil drop trims risk premium, fueling bullion’s sharp rebound.Market eyes Fed policy, payrolls data for next gold driver.Gold prices jumped nearly 2% on Wednesday on a weaker dollar against a basket of major currencies, and hopes for a US-Iran peace deal. US President Donald Trump announced
May 6, 2026
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