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 will likely weaken further
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now trading above the cloud. An upward wave would lead the exchange rate to eliminate the Kijun sen and Tenkan sen levels, with immediate target the previous peak. Alternatively, further drop of the market will lead the pair to test the upper level of the Kumo.
European Market View
Friday's key release will be the US labour market report, which is important because it will shed some light in regards to whether the Fed starts tapering in November as planned.
In the equities space risk appetite returned to markets yesterday. Risk on was evident, with equities bouncing, most sectors where trading higher and cyclicals beating defensives. Europe outperformed the US after lagging in the prior session. Major U.S. indices closed as follows: S&P500 up 0.8%, led by consumer discretionary and materials, NASDAQ 1.1%, Dow 1%. Positive sentiment continuing in Asia this morning, with Chinese markets reopening 0.5% higher after the long Golden Week holiday. In the U.S., futures point also slightly higher.
In the FX space, EUR/USD will likely weaken as payrolls confirm Fed can go ahead with tapering.
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