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 lower yesterday led by Europe
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now heading to retest the previous low. Further bearish sentiment will push prices into fresh lows. Alternatively, a higher thrust of the market will lead the currency pair to reach the lower level of the Kumo.
Market View
The most important key driver for markets is the Russian invasion of Ukraine. So far, the cease-fire negotiations have not been successful, and the Western countries consider even tougher sanctions against Russia. A lot of focus on the Russian attack on the nuclear power plant in Zaporizhia which is the largest nuclear plant in Europe and tenth largest in the world. US President Biden and Ukrainian President Zelensky urged Russia to cease its' military activities in the area. The International Atomic Energy Agency said there were no signs of elevated radiation. Ukraine's state emergency service stated later this morning that the fire had been put out.
Equities lower yesterday led by Europe. Cyclicals, growth, and small cap stocks the main underperformers while the group of defensives actually rose in US.
Regarding figures, US jobs report for February is due out. A sharp drop in the unemployment rate means that the FED find themselves in a very awkward situation due to elevated geopolitical risk.
Similar
CAD Might Weaken As Oil Market Plunges
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Bitcoin & Gold - Safe Haven Amid Bank Crisis
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Popular
What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Will Australia's "Rampant Inflation" Prevail in May?
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
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
Choose your payment system
