Best Trade Ideas for April
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
AUD/NZD has just breached the key support level at 1.06799
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now testing the Tenkan sen level. A successful attempt to move higher will fuel the exchange rate into fresh highs. On the other hand, a failed attempt to exceed the Tenkan sen level will push prices to find support at the Kijun sen level.
Market View
Russia and Ukraine have expressed some optimism that peace talks have made progress and that results could materialize in the coming days. The fourth round of talks begins today. Over the weekend, Russia bombed a Ukrainian base close to the border of NATO member Poland. The target was supposedly weapons supplied by foreign nations.
The head of IMF Kristaline Georgieva said on Sunday, that 'we no longer think of Russian default as improbable' but added that it would not trigger a financial crisis.
Elsewhere, China is battling the biggest outbreak since the pandemic started, the major cities of Shenzhen and Shanghai have moved into partial lockdowns. China has reported more than 1,000 local cases in the last few days.
Bond yields ticked higher Friday and lifted value stocks. In US, Dow Jones closed lower by -0.7%, S&P 500 -1.3% and NASDAQ -2.2%. Asian markets very mixed this morning with Japan higher while China led by tech is selling off massively. European and US futures higher this morning as reports on Sunday said that both Russia and Ukraine were seeing some sort of progress in peace talks.
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