USD races to the downside. What are the markets saying now technically?

• The USD is lower. Stocks are higher. Yields are lower. Oil is still higher.

More from Fed's Musalem: Baseline is inflation will take longer to come down

Tech sector rebounds as Oracle and Microsoft lead the charge

• Get the latest stock market news: Stock movers, top-performing sectors, and popular stock activity. Stay ahead with a quick and comprehensive market rundown.

Feds Musalem: Caution warranted in the face of upward inflation pressures

• ST. Louis Fed Pres. Musalem is speaking on inflation/economy

The nomination stage for the industry’s most credible awards is open!

• Get your brand in front of the entire industry, with its most credible award series, the UF AWARDS GLOBAL

Axios: US and Iran have reached a tentative 60-day Memorandum of Understanding

• Extend ceasefire as talks to begin formal nuclear negotiations.

US new home sales for April 0.622 million versus 0.665 million estimate

• US new home sales data for April 2026

USDCAD stretches to topside swing level target and backs off.

• The slightly lower PCE data give the USD a push to the downside. Work to do to increase the bearish bias for the USDCAD pair.