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...
EUR/RUB currently trades at 82.90
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The CAD/JPY pair is about to exceed the upper level of the cloud. If that happens, the next resistance is seen at the previous top and even higher into fresh lows. Alternatively, a plunge of the market will lead the currency pair into the Kumo.
Market View
The risk on sentiment continued Wednesday and lifted equities higher both in Europe and the United States. Sectors such as tech and real estate were among the best performing. Major indices in America closed the day as follows: Dow Jones up by 0.7%, SP500 by 1% while NASDAQ closed 0.9% higher. Equity markets in Asia are higher this morning and futures in the United States point also for opening higher.
In the EM space, TRY continues to strengthen this morning and it currently trades below 12.00 with the USD.
Elsewhere, although fears of Russia invading Ukraine have re-appeared once again during the past few weeks, the impact on the RUB seem to be limited. EUR/RUB currently trades at 82.90, slightly lower from yesterday.
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