Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock 
Iran Tightens Grip on Strait of Hormuz as Oil Prices Surge 
Dollar Weakens Amid Middle East Tensions and Anticipated Central Bank Decisions 
Wall Street Hits Record High as Tech Stocks Surge Amid U.S.-Iran Developments 
Bank of Korea Nominee Shin Hyun-song Signals Possible Rate Hike Amid Middle East Inflation Fears 
Australia Bans Card Payment Surcharges Starting October 2025 
India-US Trade Talks Advance Toward $500 Billion Goal Amid Ongoing Negotiations 
Dollar Gains as Middle East Tensions and Rising Oil Prices Support Safe-Haven Demand 
Iran-Pakistan Diplomacy and Strait of Hormuz Tensions Push Oil Prices Above $100 
Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Not many economic data and events scheduled for today but some with high volatility risks associated.
Data released so far:
- France: Emmanuel Macron beats Le Pen to Presidency.
Upcoming:
- China: Trade balance numbers for April will be released today.
- Australia: National Australia Bank’s business confidence and conditions report will be released at 1:30 GMT, along with Building permits report.
- Germany: factory orders report will be released at 6:00 GMT.
- United Kingdom: Halifax house price report will be published at 7:30 GMT.
- Eurozone: Sentix investor confidence report will be published at 8:00 GMT.
- United States: FOMC’s Loretta Mester and James Bullard are scheduled to speak at 10:45 GMT and 12:35 GMT respectively. Labor market condition index will be updated at 14:00 GMT.
- Canada: Housing starts data will be published at 12:15 GMT. BoC will release its review report at 14:30 GMT.
