The short-term outlook suggests that the 2-red wave appears to have recently completed as a Double Zigzag correction, and the 3-red wave may be ready to push higher. Further upward movement would confirm this outlook.

On Monday, the Dow Jones (US30) rose by 0.38%, while the S&P 500 (US500) Index gained 0.32%. The NASDAQ Technology Index (US100) closed positive 0.35%.

Consumer price inflation in France stood at 2.2% in April compared with 2.3% in March, while the harmonised index remained stable at 2.4%. We think inflation could rise again in the coming months

USD/CAD could gain ground as technical analysis indicates a recovery of bullish sentiment. A break above 1.3800 could lead the pair to revisit its five-month high of 1.3846.

It’s been a disappointing week for Bitcoin bulls with the leading crypto asset seen lower on the back of the April halving event.

The likelihood of any reduction in interest rates is low as the market awaits the commencement of the upcoming FOMC meeting. CME data shows that 97.3% of respondents believe that rates will stay the same.

The yen has lost about a third of its value against the U.S. dollar in this time. The devaluation has planted the Bank of Japan in a currency trap.

With the yen stabilizing and potential acceleration in the employment cost index encouraging bets on a hawkish Fed tomorrow, one would think the dollar has some climb into the Fed.

The Australian dollar moved sideways ahead of the upcoming Federal Reserve and the Reserve Bank of Australia (RBA) interest rate decisions. The AUD/USD pair rose to 0.6585 on Tuesday as the US dollar index (DXY) continued retreating.

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Consumer prices are expected to be unchanged from last month. In Germany, Europe's largest economy, the National Consumer Price Index was unchanged at 2.2% in April, slightly below forecasts of 2.3%. In addition, Spain's inflation rose to 3.3%,

Developments in Japan look to be ultimately a higher rates narrative, as yen weakness exposes a dis-equilibrium that is unlikely to end well. We also think the short end of the euro rates curve can shift up.

Other than tech stocks, investors also love dividends, as they can provide a nice buffer against drawdowns in other positions and a passive income stream. Interestingly, several tech stocks reward their shareholders with quarterly payouts.

There are jitters ahead of the FOMC meeting on Tuesday and Wednesday, with for sure more focus on what Chairman Powell provides as to future guidance.

After Alphabet’s exhilarating quarterly results last week, Wall Street will be eying its big tech peer and cloud computing rival Amazon’s Q1 report on Tuesday, April 30.

Global debt has reached an all-time high of over $300 trillion. If this amount explains so many things, it is above all the driving force behind a boundless ideology in a world of risks and stakes of all kinds.

Oil prices have weakened as geopolitical risks continue to ease. Cocoa prices have fallen significantly after initial margins were raised.

Market indices finished in the green across the board this Monday. It’s now the third straight day higher going back to Thursday of last week, and recovered from a quick drop into the red (mostly) roughly a half-hour prior to Monday’s close.

The EUR/JPY cross trades on a stronger note near 167.75 on Tuesday during the early European session. The cross edges higher despite a likely foreign exchange (FX) intervention by Japanese authorities on Monday.

NZD/USD retraces its recent gains, trading around 0.5950 during the Asian session on Tuesday.