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...
EUR/GBP : climbs above 0.8600 key point
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAU/USD: Gold enters a consolidation phase and continues to trade above 23.6% retracement area .
US Market View
U.S. stocks are set to open mixed later, extending a consolidation that began on Tuesday and is hinting that the latest round of stimulus checks isn’t necessarily going straight into the stock market.
The Federal Reserve will release the minutes from its last policy meeting, adding further nuance to a message from Chairman Jerome Powell’s press conference that was overwhelmingly dovish. They may make for an interesting contrast with an increasingly bright outlook for the U.S. economy: the IMF revised up its forecast for U.S. growth this year on Monday to 6%, from only 5.5% in January.
Crude oil prices continue to struggle below $60 a barrel, in the wake of last week’s decision by OPEC and its allies to raise output by over 1 million barrels a day during the second quarter. The mood was damped by the progress of the Covid-19 pandemic in India, South America and Europe, which are all expected to stay under demand-sapping lockdowns for some time yet.
USA Key Point
- Fed's Evans: 'Substantial further progress' won't be met for a while.
- Canada February international merchandise trade balance +1.04B vs +1.30B expected.
- The CHF is the strongest and the AUD is the weakest.
- Germany's Merkel said to back 'short national lockdown' to curb virus situation.
- German government says that health system is under threat, coming under pressure.
- Fed's Kaplan: As we're making progress towards our goals, it would be healthier to wean off these extraordinary measures.
- ECB's Knot: We can flexibly adjust PEPP volumes even within the quarter, if appropriate.
- Treasury yields stay on the retreat to start the session.
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
