Germany's business sentiment strengthened for the third straight month to a near one-year high in April on a notable improvement in confidence among service providers. The business confidence index climbed to 89.4 in April from a revised 87.9 in March, monthly survey results from the ifo Institute showed on Wednesday. This was the highest score since May 2023, when the reading was 91.4.

With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March.

Canadian shares are likely to open higher Wednesday morning, tracking positive global cues. Investors will also be reacting to earnings updates from top U.S. firms, and Canadian companies.

While reporting financial results for the first quarter on Wednesday, fintech holding company PROG Holdings, Inc. (PRG) provided financial outlook for the second quarter, and raised its earnings, adjusted earnings and revenue guidance for the full-year 2024.

Indonesia's central bank surprised markets on Wednesday with an unexpected quarter-point rate hike to strengthen the rupiah. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to lift the seven-day reverse repo rate to 6.25 percent from 6.00 percent. The current rate is the highest since 2016, when the bank made the seven-day reverse repo as its main policy rate.

The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market.

WTI futures develop within a bullish channel since December ; Price retreats from a 6-month high but finds support at 50-day SMA ; Oscillators suggest intensifying positive momentum

Bitcoin dipped 0.6%; ROC signals align. Apple rose 0.8%, but stochastic signals negativity. Aussie dollar climbed 0.5%, supported by CCI. Gold fell 0.4%; stochastic RSI suggests oversold. Oil hits $100/barrel; USD index drops. Yen hits multi-year lows vs. USD, Euro.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Dollar Pullback from Overbought Territory Boosts Appeal

Stocks feeling more positive following the US PMI miss; Busy earnings calendar as focus remains on US data prints; Dollar/yen remains a tad below 155 ahead of the BoJ meeting; Aussie benefits from stronger CPI report