Best Trade Ideas for April
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Equity markets closed mostly on the green on Thursday
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading within the Kumo. Further bullish momentum will trigger the market to exit the cloud with further bullish implications. Alternatively, a failed attempt to move higher will push prices to move out of the cloud, with immediate target the Tenkan sen level.
European Market View
Equity markets closed mostly on the green on Thursday in an uneventful session. As yields ticked lower, the theme of the day was growth stocks outperforming value stocks. Sector performance was well known from last year, with semiconductors and consumer discretionary leading the way while financials came under pressure. Dow Jones inched lower -0.1%, S&P 500 closed up by 0.4%, and NASDAQ up 0.8%. US futures are unchanged this morning and Asian markets mostly lower.
Oil prices dropped after OPEC decided to go ahead with its output hike as planned. As it was broadly expected, the EURGBP moved higher on Bank of England. In the EM space, USDTRY slowly but steadily is moving higher and is again above 9.70.
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