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...
Equity markets around the world were broadly lower yesterday
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading within the cloud. Any decisive movement to the south will push the exchange rate to exit the Kumo. On the other hand, if the buyers manage to withstand the sellers’ pressure, the currency pair will attempt to test the upper level of the cloud.
European Market View
Equity markets around the world were broadly lower yesterday with the energy sector going against the trend. One very big change from the movements observed on Monday is that risk appetite took a big hit yesterday and the cyclical value trade change to a defensive value trade as yields continued higher. Risk off move also seen in the VIX index rising to 23. In US FANMAG broadly lower while European tech companies took the biggest beating yesterday. In the U.S. major markets ended with the Dow -1.6%, S&P 500 -2.0% and NASDAQ -2.8%.
The negative tone has continued in Asia this mooring with most indices down 1-2%. Futures in Europe are flat this morning while optimism is creeping back in US with futures being up roughly 0.5%.
In the FX space, the broad-based risk-off mood as well as the spike in market volatility weighed heavily on risk-, commodity- and USD-rate sensitive currencies yesterday. Most heavily hit in G10 space was the GBP but also AUD, NZD and NOK posted large losses.
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
