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...
Equities declined yesterday driven by Europe and the U.S.
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now trading within the Kumo. Any decisive movement to the south will push prices to exit the cloud, targeting the previous low and even lower. Alternatively, further bullish sentiment would lead the exchange rate to test the upper level of the Kumo.
Market View
The US administration announced yesterday its intention to use its strategic reserves to lower the oil price that has seen big pressure on the upside after the Russian invasion. The administration is believed to release about 1 million barrels a day for several months from the reserves, which totalled 700 million barrels at end-January.
Equities declined yesterday driven by Europe, U.S. and cyclical growth stocks. VIX was a tad higher and equity markets are still sensitive to the news flow coming from Ukraine. US equities closed as follows: Dow Jones -0.2%, S&P 500 -0.6% and NASDAQ -1.2%. Asian markets are a bit lower this morning while European and U.S. futures are a bit higher.
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