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 still trades below the 1.1800
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is trading within the Kumo. A failed attempt to move lower will push prices to exit the cloud and move higher.
European Market View
Today we have German IFO survey as the main release. Later on, during the day we get US new home sales, which will give some information about the US housing market.
However, the main event of the week is the FOMC meeting on Wednesday. Do not expect for the Fed to make significant changes, as it still believes that high inflation is transitory and the labour market has not fully recovered.
After a weak start to last week, equity markets have rebounded strongly during the past three trading sessions with the S&P 500 climbing 4% following still strong corporate earnings – almost 86% of companies having reported their Q2 results so far have beaten analysts' estimates. This morning Asian markets are somewhat mixed with Nikkei up 1% but both Hang Seng and Shanghai Shenzhen is down almost 3%. Futures indicates a mixed opening in both European and US markets.
In the FX space, Friday proved a fairly quiet end to an otherwise eventful week for FX markets. EUR/USD still trades below the 1.1800 mark, EUR/GBP has stabilised around 0.8550 area.
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