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 continued higher yesterday
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now trading within the Kumo. Further bullish momentum will lead the pair to exit the cloud. On the other hand, a failed attempt to move higher will push prices to drop and retest the previous low.
European Market View
Equity markets continued higher yesterday. Energy is the sector that stands out as the clear winner while defensives and cyclicals basically are on par the last month. Yesterday in U.S., consumer discretionary standing out as heavyweight automaker Tesla rose a whopping 12% on massive order from Hertz. Major indices in U.S. yesterday closed as follows: Dow Jones up +0.2%, S&P 500 up +0.5% and NASDAQ up +0.9%. The positive sentiment continuing this morning with Asian equities advancing. Nikkei outperforming while Chinese markets are mixed. European futures as well as U.S. futures are pointing to a positive opening today.
In regards to the pandemic, the number of Covid-19 cases and death toll is rising rapidly, especially in Eastern Europe and emerging markets where the vaccination rates generally are quite low.
In the FX space EURUSD dropped briefly below 1.16 yesterday, but ended the day just above. In the EM space TRY is recovering a little against the dollar. Currently is trading a bit lower than 9.60.
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