The trading on Wall Street ended yesterday in price declines, led by energy and raw materials shares due to falling in the commodity prices.

The European stock markets opened the day in a downward trend.
London opened slightly lower, Frankfurt loses 0.2% and Paris is down by 0.1%.

The trading in Asian stock exchanges was of a mixed trend.
Shanghai, which maintained a positive trend for most of the trading hours this morning, ended the day with a 0.8% dive.
Tokyo adds 0.3%, Hong Kong was up by 0.8%, Seoul lost 1% after yesterday’s general elections.

The US dollar is down against the major currencies by 0.2%.
The crude oil rose by 0.6% to $ 46.17 a barrel after falling below $ 46 yesterday.

Wall Street’s leading indexes closed yesterday almost unchanged, even though the Nasdaq and the S&P 500 posted new record highs during the trading day.
Apple added more than 3% and was up by 2.7%, and the company’s value surpassed the $ 800 billion mark for the first time.

The WTI oil rose yesterday by 0.5% to $ 46.4 a barrel, after losing 6% last week.
The brent rose at a similar rate and closed at $ 49.3 per barrel.
The reasons for the gains yesterday were Emanuel Makron’s victory in the French presidential election that calmed the markets, as well as comments from various oil producers that the agreement to cut output will be extended.

The Gold held steady at $ 1,226 an ounce.

At the end of the European markets yesterday:
The CAC responded to the results of the presidential election with a drop of 0.9%. The British FTSE closed unchanged and the German Dax lost 0.2%.

Trading Opportunity
USD/CAD

On the daily chart the pair completed a double wave movement and was stopped at the level of 1.3750.

In order the start selling, we are going into a lower time frame chart.

On the hour chart we can see that the pair broke below a trend line with a strong bearish engulfing candle (was closed at 1.3677)

Along with the breaking, the average of the RSI crossed down below his 50 level.
For us it can be the signal to sell.

The European stock markets opened Monday with a slight drop in prices on the day after France’s presidential election.
Emmanuel Macron is the next president of France, after winning 65.1% of the vote and an impressive gap over right-wing representative Marin Le Pen.
Macron is considered to be a supporter of EU institutions, and for now is breathing on the continent wide after the wave of nationalism sweeping Europe and calling for the dissolution of the euro zone.
It seems that France, at least for now, is outside this matter.

The trading in Asian stock exchanges was with a mixed trend today.
Japanese Nikkei was conspicuously positive, with most of last week’s trading in Japan not on holiday.
In China, the exports from the country in April rose 8 percent from a year ago in dollar terms, while the imports surged by 11.9 percent.
However, the data missed the preliminary forecasts for an increase of 10.4% in exports and 18% in imports.

The oil is at a six-month low and trades below $ 45 a barrel.
This is the lowest level since November 15, when OPEC’s cutbacks in output were signed.
The oil prices fell by 11% this week on the back of rising US oil production.
WTI oil fell by 3% to $ 44.1 per barrel and Brent crude oil fell by 2.7% to $ 47 a barrel.

OPEC representatives will meet on May 25 in Vienna, Austria to discuss an extension of the cutoff agreement for another six months.

The US employment report for the month of April is expected to show that 190,000 new jobs will be created for the non-agricultural labor market.
The unemployment rate is expected to remain unchanged at 4.5% only.

The trading on Asian stock exchanges closed in a negative direction when the Tokyo Stock Exchange was closed for a holiday.
Hong Kong fell by 0.2%, Shanghai lost 0.1%, Singapore weakened by 0.3%, Sydney fell 0.5%.
Seoul climbed by 1% to an all-time high, after rising 11 out of the last 14 trading days on the back of a surge in foreign investment in Korean companies in recent months.

The Japanese yen was unchanged against the US dollar at 112.7 yen per dollar.
The WTI oil fell by 0.2% to $ 47.7 per barrel.

The trading on the European stock exchanges is trading on the back of the publication of quarterly reports by the largest companies on the continent.
London rises by 0.6%, Frankfurt climbs by 0.2%, Paris rises by 0.4%.

Yesterday, the FOMC meeting of the Federal Reserve ended and at the end of which it was decided, according to most analysts’ forecasts, that the interest rate in the US would be left at 0.75% -1%, and that the economic weakness reflected in disappointing growth figures in the previous quarter.

There is a mixed trend this morning on Asian stock exchanges, at the backdrop of light price hikes on Wall Street last night.Trading in Europe opens with declines as well.
The DAX index is down by 0.1%, the CAC and FTSE are down by 0.3%.

The Federal Reserve will announce its interest rate decision tonight, but the market estimates is that the US Federal Reserve will choose to sit on the fence and continue to examine economic data and the impact of the Trump government’s economic programs on the US economy in particular and on the world economy in general.

The brent oil is up by 0.5% to $ 50.7 a barrel.
The WTI is up by 0.4% to $ 47.8 a barrel.
The Gold fell by 0.1% to $ 1,255.60 an ounce.

Most of the stock exchanges around the world are closed today because of the International Workers Day.

China’s PMI fell to a record low on the back of falling commodity prices and overshadowed growth forecasts for the world’s second largest economy.
The manufacturing PMI fell to 51.2 points in April from 51.8 in March, the highest level in five years.
The analysts’ forecasts was of 51.7 points.
The services PMI fell to a six-month low of 54 from 55.1 in March.

The Oil traded with a slight decline.
The WTI oil falling by 0.1% to $ 49.2 per barrel and the Brent crude dropping by 0.2% to $ 51.9 a barrel.

Deutsche Bank reported a first-quarter profit jump in its first quarterly report since Germany’s biggest bank increased its capital by 8.5 billion Euros by selling shares following a severe liquidity crisis, but the company’s stock fell 2.5 percent on the Frankfurt Stock Exchange In revenue.

The trading on Wall Street markets closed with declines yesterday after the official presentation of President Trump’s tax reform increased fears of an increase in the US administration’s budget deficit and a report that Trump intends to sign a presidential decree to withdraw the US from the North American Free Trade Agreement (NAFTA).

The trading on Asian stock exchanges is trading with small declines after the Bank of Japan left interest rates unchanged.

The European stock markets are trading in a negative trend in light of the publication of reports by major companies on the continent.
London is down by 0.4%, Frankfurt is losing 0.2%, Paris is down by 0.3%.

Wall Street markets ended yesterday with the sharpest two-day jump since the US presidential election in November on the back of favorable financial reports from a number of prominent American companies, including McDonald’s.
The S&P 500 climbed by 0.6%, the Nasdaq Composite Index added 0.7% and closed at a record high after breaking its 6,000-point mark for the first time in its history.
Asian markets traded today with gains.
Tokyo added more than 1%, Hong Kong is up 0.5%, Shanghai adds 0.1%, Singapore is up 0.4%.
The Asia Dow index adds 0.6%.

The markets are encouraged by the results of the companies published yesterday, in the US and they are looking forward to Trump’s announcement regarding his tax reform, which will take place later today.

The Canadian dollar continues to decline following Trump’s decision to impose a 24% tariff on some of the tree types.

The Australian currency is falling at the background of inflation data, which didn’t reach the central bank’s target.

This morning the European stock exchanges are trading slightly higher after yesterday’s the CAC gain 4% in response to the results of the first round of elections in France
The Euro and the pound are up by 0.1% against the US dollar to $ 1.0883 and $ 1.2810 respectively, while the Japanese yen continues to weaken by 0.5% to 110.2900 yen per dollar.
The rise in oil prices is moderated.
WTI crude oil rose by 0.2% to $ 49.3 per barrel and the Brent crude oil rose by 0.2% to $ 51.71 per barrel.

Yesterday, the trading on Wall Street stock exchanges closed with gains of more than 1% in the leading indices.
The Dow Jones and the S&P 500 rose by 1.1%, the Nasdaq climbed by 1.3%, continuing the sharp gains in Europe.

Trading Opportunity
AUD/CAD

On the 4 hours chart, the pair reached the 100.0 level of the Fibonacci Extension (1.0250 zone) after completing a double wave up.

There is a bearish divergence at the MACD, and the RSI is pointing at an over bought area, which means we can start looking for PUT opportunities.

On one hour chart there is an up trend line.

We are waiting for a double wave towards the trend line, and a break below it, or if we want to be more certain, below the level of 1.0175 to start selling PUT options.

If the pair will go above the 1.0250 zone before we have an opportunity to sell, the opportunity will be cancelled.