News and analysis

Stocks are set to open lower and are set to fall across April, marking the first monthly decline since October. The selloff in stocks comes as the market frets over sticky inflation and the prospect of higher rates for longer. Today, the Fed kicks off its 2-day FOMC meeting and no change in rates is expected at the announcement tomorrow. Amazon will report after the close.

WTI Crude Oil's momentum is shifting gears from MENA tensions towards economic growth statistics

EUR/USD boosted by German and Eurozone GDP expansion, although the ECB is still likely to cut in June even if the pace of subsequent cuts may be slower. US data highlights include FOMC, NFP and ISM surveys this week. Meanwhile EUR/USD technical analysis point to potential rise to $1.08.

DAX struggles despite signs of the economy improving. FTSE rises as HSBC impresses, China manufacturing expands.

EUR/USD looks tired ahead of key inflation and GDP data from the continent later Tuesday, struggling to hold the gains which took it to two-week highs on Friday.

The Nasdaq 100 is poised to snap a 5-month winning streak by Tuesday's close, which begs the question as to if the old adage 'sell in May and go away' arrived a month early.

The growth engine of the Chinese economy unexpectedly decelerated last month while Australian retail sales are growing at the weakest pace on record outside one-off economic shocks, putting AUD/USD under renewed pressure on Tuesday.

Despite the MOF's best attempts, USD/JPY is holding above 155 - a level traders are clearly watching. AUD/USD shows the potential to extend gains into 66c, but having risen for 6 days already then perhaps the upside potential it limited.

Japanese officials had been warning for months that speculative moves in the Japanese yen would not be tolerated without elaborating on what exactly constituted a ‘speculative’ move. We may have just been provided the answer.