Markets are calm today as recent global concerns fade.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Dollar gaining strength
The U.S. dollar index was stronger for a third consecutive session, gaining 0.2% to 99.23 in New York morning trade.
USD/JPY was traded at 113.74, its highest level it almost two months.
The Euro, which traded at a six-month high of 1.1036 on Monday, was softer against the dollar at around 1.0900.
Meanwhile, 10-year Treasury yields rose 1.8 basis points to 2.392%.
There are a few economic reports Tuesday, including the NFIB small business survey at 10:00 GMT, followed by JOLTS job opening data and wholesale trade for March both due at 14:00 GMT.
Markets are pricing in around an 82% chance of a hike at the Fed's June meeting.
2. Global stocks move higher
Global stock markets were mostly higher on Tuesday, as investors searched for the next catalyst following the French election.
Asian equities closed mixed in subdued trade, with Japan's Nikkei ending down about 0.3%, while the Shanghai Composite in China ended little changed after five straight sessions of losses.
In Europe, stocks across the continent edged higher in mid-morning trade, with Germany's DAX and London's FTSE 100 both up 0.6%, while France's CAC 40 rose 0.4%.
On Wall Street, the blue-chip Dow futures inched up 24 points, or around 0.1%, the S&P 500 futures tacked on 2 points, while the tech-heavy Nasdaq 100 futures added 3 points.
3. Oil extends rebound
Oil prices were higher on Tuesday, extending a rebound off last week's four-month lows on the likelihood key producers could extend output cuts beyond an agreed-on June deadline.
U.S. crude was at $46.44 a barrel, up 5 cents, or around 0.1%, while Brent gained 2 cents to $49.36.
OPEC and non-member oil producers are considering extending a global supply cut for nine months or more to help clear a supply glut, OPEC and industry sources said on Monday.
4. Bitcoin breaks $1,700 level
Bitcoin prices cleared the $1,700-level for the first time on Tuesday, amid optimism that the Securities and Exchange Commission will reverse its decision to reject a bitcoin-focused exchange-traded fund later this month.
A decision is due by May 15. An approved ETF would make bitcoin investing simple for small traders and institutions.
The cryptocurrency hit a daily peak of $1,736.87. It was last at $1,732.50 a coin, up around 6%. It has gained for 16 straight days, rising more than 34% over that time.
