Best Trade Ideas for April
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Equity markets traded lower again yesterday
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now trading below the cloud. Any decisive movement to the south will push prices down to fresh lows. On the other hand, an upward wave would lead the exchange rate to enter the Kumo.
Market View
Equity markets traded lower again yesterday but, in a bit, more volatile session where both the U.S. and Europe were in positive territory during the day. Better performance in cyclical stocks yesterday and small cap was holding up better as yields finally took a pause on back of the US CPI number. Volatility Index VIX a tad lower as well.
Asian markets are higher this morning with relative strong gains in both Japan and South Korea. US futures are higher while European once are lower this morning.
In the FX space the US CPI brought setback to USD proved short-lived with the dollar index posting new highs and EURUSD reaching new lows just north of 1.08.
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