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More from Treas Sec. Bessent:U.S. expects European partners to support Iran sanctions by blocking Iran’s financiers, shutting its bank branches, and unmasking its shell companies Countries in the Middle East and Asia also need to root out Iran’s shadow banking networks U.S. Treasury is reviewing sanctions list to make it easier for financial institutions to focus on the most sophisticated terrorist financing and sanctions evasion schemes Some U.S. sanctions designations are obsolete and outdated, and may cause unintended consequences This article was written by Greg Michalowski at investinglive.com.

NEAR Protocol (NEAR), up 2.8%, was also a top performer.

By one measure, investors haven’t been this bulled up on stocks since the heady days of the original meme-stock frenzy back in 2021.

Pump.fun pulled in $124.7 million in Q1 2026, making it Solana’s largest revenue generator even as memecoin activity cooled, while the network’s RWA market cap crossed $2 billion.

TD Securities interprets the Reserve Bank of Australia (RBA) May Minutes as reinforcing a preference to stay on the sidelines near term, with markets pricing only a small chance of a June hike.

MUFG's Lee Hardman highlights a sharp GBP rebound, with GBP/USD back above 1.3400 as reports suggest Andy Burnham would keep existing United Kingdom (UK) fiscal rules.

ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner see upside risks for the Dollar as bond markets remain volatile and Middle East developments drive sentiment.

Private-sector hiring in the United States (US) remains strong according to the ADP National Employment Report (NER) Pulse: For the four weeks ending May 2, the private sector added an average of 42,250 jobs per week, with hiring strengthening for the second week in a row.

Deutsche Bank’s Henry Allen notes that despite the Iran conflict and higher long-dated Oil prices, risk assets and equities have remained resilient as the Brent curve stays heavily backwardated.

Silver (XAG/USD) remains under pressure on Tuesday and trades around $76.00 at the time of writing, down 2.13% on the day.

Commerzbank’s Carsten Fritsch, citing Metals Focus, reports that the palladium market is set for a fifth consecutive annual supply deficit in 2026. Demand is forecast to edge lower overall, with automotive demand broadly stable and no sharp e‑mobility impact yet.

The Australian Dollar (AUD) resumes its downtrend against the US Dollar (USD) on Tuesday, and is trading a few pips above one-month lows in the 0.7100 area at the time of writing.

Treasury Secretary Bessent said that G7 finance meeting talks were constructive, He is confident the Bank of Japan Gov. Ueda will successfully guide monetary policy. He added that "excess" volatility in the Forex market is undesirable. He feels that the fundamentals of the Japanese economy are strongThe initial reaction has seen the USDJPY move lower after the pair pushed above the 159.00 midpoint of the broader 158.00–160.00 trading range that confined price action from early March through the end of April. That break higher kept buyers in control short term, but the move is now being tested.On the downside, the first key target comes in near 158.60 — the low from the North American session yesterday at 158.599. Just below that, the rising 100-hour moving average comes in at 158.478. Those two levels are now important barometers for the pair. A move below them would give sellers more confidence and shift control more toward the downside.The broader trend over the past few weeks has still favored buyers. After the sharp break lower on April 30 tied to fears of FX intervention, the pair found support near 155.50 before extending to a new low around 155.00 on May 6. Since that low, USDJPY has been climbing steadily higher, with only modest corrective pullbacks along the way.Momentum strengthened again last Thursday when the pair moved back above 158.00. Buyers then pushed the price through 159.00 during trading yesterday and again today, extending the upside recovery.For traders now, the key levels are clear:Support: 158.60 followed by the rising 100-hour moving average at 158.48 Resistance/Key upside barometer: 159.00 Stay above 159.00 and buyers remain in firm control. Move back below 158.60 and especially the 100-hour moving average, and sellers may start to regain momentum. This article was written by Greg Michalowski at investinglive.com.

Prior 2.4%CPI MoM 0.4% vs 0.7% expectedPrior CPI MoM 0.9%Core Measures:BOC core YoY 2.1% vs 2.5% last monthBOC core MoM 0.2% vs 0.2% last monthCore CPI % MOM 0.1% vs 0.0% last monthCPI Median 2.1% vs 2.2% estimate. Last month 2.3%CPI Trim 2.0% vs 2.1% estimate. Last month 2.2%CPI Common 2.5% versus 2.6% last monthDetails from Statistics CanadaEnergy prices surged 19.2% YoY in April, accelerating sharply from +3.9% in March. Gasoline prices jumped 28.6% YoY after rising 5.9% in March. Base effects from the April 2025 carbon levy removal boosted annual comparisons. Middle East conflict-driven supply uncertainty pushed prices higher. Seasonal switch to the more expensive summer gasoline blend added pressure. A temporary federal fuel excise tax suspension starting April 20 helped limit gains. Fuel oil and other fuel prices climbed 41.3% YoY due to higher global oil prices tied to Middle East tensions. Natural gas prices fell 2.4% YoY, but the decline was much smaller than March’s -18.1%, adding upward pressure to the energy index. Comparisons were also affected by the prior removal of the consumer carbon levy. Base-year effects played a major role in April inflation readings, as sharp price declines from April 2025 dropped out of the annual calculation, mechanically lifting YoY inflation. Clothing and footwear prices rose 2.0% YoY, rebounding from a -0.4% decline in March. Women’s clothing prices increased 1.4%. Men’s clothing prices still fell, but at a slower pace (-1.2% vs -2.9% prior). Travel tour prices fell 11.0% YoY, reversing from an 11.5% increase in March. Monthly prices dropped 17.3% in April after rising 5.8% in March. Seasonal post-spring-break demand normalization contributed to the decline. Inflation accelerated in 9 provinces in April compared with March. Quebec CPI rose 3.0% YoY versus 2.9% in March. Quebec was less affected by carbon levy changes because it already operates under a cap-and-trade system.A better than expected report on inflation given the surge in energy. The USDCAD has moved higher (lower CAD) after the report and has stretched to a new high for the day at 1.3773. The pair is back above the 50% of the move down from the end of March high. That level comes in at 1.37576. The price is also moving away from the 100 hour MA at 1.3733.Overview of the Canada CPI Report.Canada’s CPI report includes several different inflation measures because the Bank of Canada wants to separate short-term noise from underlying inflation trends. Here’s a breakdown of the major measures and why traders watch them.Headline CPIThis is the standard inflation number most people see.It measures the overall change in consumer prices from a year ago and month ago across categories like: Food Shelter Gasoline Transportation Clothing Services The problem with headline CPI is that it can swing sharply because of volatile items like gasoline, airfare, or fresh food.That is why the Bank of Canada focuses heavily on “core” measures.The major Canadian core inflation measuresCPI-CommonThis tries to measure the broad underlying inflation trend across the economy.Think of it as:“What inflation rate is common across most categories?”It filters out category-specific noise and looks for the shared inflation trend.Why it matters It is very policy-oriented It tends to move slowly The BOC likes it for identifying persistent inflation pressure ExampleIf gasoline plunges but rents and services stay firm: Headline CPI may fall sharply CPI-Common may barely move That tells the BOC inflation pressure underneath is still sticky.CPI-MedianThis takes all price changes in the CPI basket and finds the middle one.In simple terms: Half the basket rose more Half rose less The “median” price change becomes the inflation reading.Why traders watch itIt removes the impact of extreme outliers.For example: Huge jump in airfare Big drop in gasoline Those extremes do not dominate the measure.Interpretation Rising median = inflation pressure i

Investors are at the lowest cash levels since February 2024, just one sign that a market pullback could be coming this summer, warns a BofA survey of fund managers.