The Malaysia stock market on Monday ended the three-day losing streak in which it had slipped just 5 points or 0.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to see renewed consolidation on Tuesday.

The South Korea stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had jumped almost 70 points or 2.6 percent. The KOSPI now sits just above the 2,725-point plateau and it's looking at another soft start again on Tuesday.

New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a light day for Asia-Pacific economic activity. In March, sales were down 0.7 percent on month and 3.0 percent on year.

Export prices in South Korea spiked 6.2 percent on year in April, the Bank of Korea said on Tuesday - accelerating from 2.6 percent in March.

The Canadian market ended marginally down on Monday, weighed down by losses in materials and technology stocks. The mood was quite cautious with investors awaiting key U.S. inflation data and Fed Chair Jerome Powell's speech for more clarity on the central bank's interest rate trajectory.

US CPI report may show the next direction of EURUSD; UK employment data may take GBPUSD down; Is Australia labour report strong enough to take AUDUSD out of trading range?

The price of Brent crude oil is currently experiencing a downturn, trading around 82.55 USD per barrel this Monday. The primary concern affecting the market today is the uncertainty surrounding demand levels, exerting significant pressure on the commodity.

Oil-dollar pair fell 1.8%, ROC negative. Aussie dollar sideways, MACD positive. Euro-dollar sideways, MACD positive. Dollar-yen sideways, Stochastic RSI positive. China's consumer prices up for third month. Seeker's shares soar 35% above IPO price. Today: US bill auctions, Finland's Current Account, Portugal's CPI, Eurozone's Eurogroup Meeting, Japan's PPI.

Dollar gains slightly on hawkish Fed remarks - Investors scale back their Fed rate cut bets - China’s CPI rises for the third straight month - US stocks stay supported despite rebound in yields

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto market under pressure from Bitcoin