Crude prices held weaker on Tuesday as a survey on manufacturing in China came in weaker than expected and investors looked ahead to U.S. inventories on crude and refined products to set the tone.

On the New York Mercantile Exchange crude futures for June delivery fell 0.20% to $48.74 a barrel, while on London’s Intercontinental Exchange, Brent eased 0.14% to $51.45 a barrel.

The American Petroleum Institute (API) will report its estimates of crude and refined product stocks after the market close in the .........

GBP/USD snapped a three-day winning streak on May Day as it dropped to 1.2882 after UK PM Theresa May threatened to walk away from the EU without a deal. The weak US personal spending and inflation numbers failed to lift the pair as the odds of the June Fed rate hike ticked higher to 71% from 67%.

Eyes UK manufacturing PMI

The UK manufacturing PMI is expected to show the pace of expansion in the sector remained largely unchanged in March .........

The USD/JPY pair prolonged its recent recovery move and traded with a mild positive bias for the fourth consecutive session, albeit continued with its struggle to break through the 112.00 handle.

The prevalent positive sentiment surrounding Asian equity markets, with Japan’s Nikkei 225 gaining around 0.70%, was seen weighing on the Japanese Yen’s safe-haven appeal and helped the pair to build on to its recent gains. The pair, however, remained capped below the 112.00 handle amid subdued US Dollar price-action, always against the backdrop of .........

EURUSD Technical Analysis:

The overall bias still remains neutral, but due to the fact, that the pair is currently near to the lower boundary of the trading range between 1.0830-1.0950. An upmove is to be expected, towards 1.0950 peak. A break through the latter will challenge 1.1000 area. Key support lies at 1.0830.

EURUSD H4 Chart:

GBPUSD Technical Analysis:

The intraday bias is bullish above 1.2860 minor support, for a rise towards 1.3000 sentiment area. Next major resistance is projected .........

First round of French presidential elections

After the U.S. selected Trump and the U.K. chose Brexit, now it’s time for France to pick the next President. Today the French voters are heading to the polls for the first round of the presidential election, and unlike any of the previous elections, it’s seen as one of the closest races ever.

Four candidates are leading in national opinion polls. The Socially liberal centrist Emmanuel Macron, the far-right leader Marine Le Pen, the Center-right conservative .........