Best Trade Ideas for April
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Asian markets range bound this morning
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair bounced up from the upper level of the Kumo. The next resistance is seen at the previous top. Alternatively, if the bears manage to withhold the bulls’ pressure, the exchange rate might enter the cloud.
Market View
Russia has deployed some 100 thousand troops on the border with Ukraine and has warned the West of 'appropriate military-technical' measures if they do not agree to Kremlin's demands it laid out last week. The demands included that NATO, and the United States should restore the lines of their military presence in Europe to where they were before 1997, which essentially mean cutting presence in former-Soviet NATO member states. What will come out of the upcoming dialogue remains to be seen.
Risk-on continued in the equity markets yesterday. Cyclical stocks, growth and small outperformed. Investors are puzzled to whether Omicron is going to be a big threat to economic growth or whether it will be the beginning of the end of the pandemic. Major indices closed as follows in the US: Dow Jones +1.6%, S&P 500 +1.8% and NASDAQ +2.4%. Asian markets range bound this morning. The same goes for European and US futures.
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