Best Trade Ideas for April
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Equity markets climbed in Europe yesterday
Information is not investment advice
Ichimoku Kinko Hyo
CNH/JPY: The CNH/JPY pair is trading above the Kumo. If the pair manage to withstand the bears’ pressure, it will climb towards the previous peak and even higher. Alternatively, a plunge of the market will push the currency pair within the cloud.
Equity markets climbed in Europe yesterday, with relatively low intraday volatility and close near day high with banks increasingly taking the lead during the day. It's been a while since markets had such a calm day in equities and that could of course be related to the fact that US was closed due to the Juneteenth holiday. On the other hand, thin volume sometimes also gets blame for bigger sell-off as it takes less to bring equities down. It’s important to note that, 22 out of 24 industries in the STOXX 600 were higher yesterday with only health care equipment and service being slightly negative. The positive sentiment has carried over to Asia this morning. Futures in Europe and the US are also green territory this morning.
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