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 : resumes downtrend in fall to lowest level in a little over a year
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAU/USD: Gold facing a further weakness the last hours and trading near a full retracement area. Strong US dollar does not help gold.
US Market View
U.S. stocks are set to open lower, amid uncertainty over the extent of liquidations stemming from the Archegos margin calls. Concerns about the ongoing problems of much of the world in bringing the Covid-19 pandemic under control are also weighing. Europe’s latest wave continues to build, with France approaching capacity in its intensive care units and German Chancellor Merkel threatening to invoke emergency federal powers to enforce stricter lockdowns in Europe’s largest economy.
Two banks warned of significant losses from exposure to a single hedge fund, whose default on margin calls triggered Friday’s multi-billion-dollar firesale of stocks in New York. President Joe Biden prepares to lay out his green spending plans, but other plans on healthcare and childcare will have to wait until April. The pandemic roars back in Europe, South America and the Indian sub-continent, and oil prices fell after the ship blocking the Suez Canal was partially freed from the canal's walls. Here's what you need to know in financial markets on Monday, March 29th.
USA Key Point
- The GBP is the strongest and the EUR is the weakest.
- Italy set to cut economic growth projections for the year.
- Russia reportedly supports rollover of OPEC+ oil production to May.
- European equities are trading slightly higher.
- USD/CHF clings to small daily gains around 0.9400.
- USD/JPY: Break below 109.35 to add bearish pressure.
- Italy to cut 2021 GDP growth forecast to 4.1% from 6.0%.
- NZD/USD rebounds to 0.7000 area in choppy session.
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