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/USD has moved above 1.1850 for the first time since early August
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: USD/JPY is now trading below the Kumo. A break back below the Kijun sen level will push prices even lower. An upward wave would lead the market for an attempt to surpass above the cloud, with further bullish implications.
European Market View
The most important market mover today will be US non-farm payrolls.
In the equities space, global equities rose to a new all-time high yesterday as most regions and sectors did well. Latin America continued its underperformance despite oil and industrial metal prices doing fine. The best performing sector was energy while tech for once underperformed. In the US, Dow +0.4%, S&P 500 +0.3% and NASDAQ +0.1%. Asian markets are very mixed this morning, with Japan rising almost 2% after the surprisingly resignation from PM Suga. European and US futures are signalling small rise ahead of the US non-farm payrolls.
In the FX space, industrial- and commodity sensitive currencies have had a good week so far and in yesterday's session NOK joined the group of winners amid the rise in oil. EUR/USD has moved above 1.1850 for the first time since early August while EUR/GBP hovers below the 0.86 mark.
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