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...
EURGBP is still trading below 0.84
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading above the Kumo. Any surpass above the Tenkan sen level will signal further bullish implications. A drop of the market below the Kijun sen level will push prices to test the upper level of the cloud and even enter within.
Market View
Equity markets were mostly lower on Friday as Covid-19 infection figures forced several countries in Europe to take on new measures to deal with the pandemic. Austria initiating new lockdown and aiming to be the first country in the Western world to run compulsory vaccination as of Feb 1st, 2022. As yields dropped, value underperformed to growth with energy stocks as the biggest loser. Mixed was the performance also in US indices with Dow Jones dropping by -0.8%, S&P 500 marginally by -0.1% while technology index NASDAQ closed higher +0.40%. Asian markets this morning are very mixed with South Korea outperforming while Hang Seng underperforming once again. European and U.S. futures are flat to slightly higher this morning.
In the FX space, EURUSD dropped below 1.13 on Friday, as a new wave of EU COVID restrictions and hawkish Fed talks weighed on the cross. EURGBP is still trading below 0.84.
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