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...
British pound is currently gaining value
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The CAD/JPY is trading within the Kumo. An upward wave would lead the pair to exit the cloud, confirming a new bullish outlook.
US Market View
- Wall Street was set to open higher on Tuesday as investors bet on a clear win for Joe Biden in the most polarized U.S. presidential election in recent history. U.S. President Donald Trump and Democratic rival Biden made a last-minute push for votes in battleground states on Monday. Their campaigns were wary of possible legal disputes that could delay a clear outcome, but a wave of risk appetite swept through markets. Wall Street futures were up before New York trading began, buoyed by gains in Asia and Europe and by hopes that a Biden win would translate into more stimulus programs.
- EURUSD has pushed higher north of 1.1700 in the European session.
- USDTRY continues to climb during the European session Tuesday and now trading above 8.50.
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How Will BoJ Meeting Affect the Yen
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus
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