Gold Loses Shine as Crude Oil Surges: Safe-Haven Metal Retreats Toward USD 4,500 Support 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
U.S. Strikes on Iran Draw War Crimes Warnings from International Law Scholars 
Goldman Sachs Cuts 2026 Copper Price Forecast Amid Global Growth Concerns 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Strait of Hormuz Disruption Sparks Global Oil Supply Fears 
Not many economic dockets scheduled for today, risk associated is moderate. Focus in BOE rate decision.
Data released so far -
- Australia - Retail sales disappointed in April with no growth. Trade balance deteriorated to -3.9 billion. Imports grew by 4% in April, while exports dropped by -6%.
- France - Unemployment rate dropped marginally to 10.3% in quarter one.
Upcoming -
- Greece - Greece will declare unemployment details for March at 9:00 GMT. Prior as 25.4%.
- UK - Bank of England (BOE) will announce its monetary policy decisions 11:00 GMT.
- US - Medium risk associated with today's releases. Challenger job cuts will be announced at 11:30 GMT, followed by initial jobless claims at 12:30 GMT, along with non-farm productivity and unit labor cost. EIA will declare storage stat of Natural gas at 14:30 GMT. One FED speaker is scheduled today, Tarullo at 16:00 GMT.
- Canada - IVEY PMI is scheduled at 14:00 GMT.
- Australia - AIG performance of construction index will be released at 23:30 GMT.
