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 rose on dovish BoE
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now testing the upper level of the cloud. A successful attempt to exit the Kumo will fuel the pair towards the previous top. On the other hand, a plunge of the currency pair will push the market to test the lower level of the cloud.
Market View
After a rally in equities on Wednesday, markets plunged yesterday by between 4% and 5%. Equities came under a lot of pressure just at the opening bell, reversing the post-FOMC rally. All sectors were notably lower, but growth names were the standouts with tech, cars and semiconductors slaughtered. Cyclicals underperformed defensive stocks in a massive scale, as energy, consumer staples and utilities held up very well. Dow Jones closed lower -3.1%, S&P500 -3.6% and NASDAQ -5.0%. US futures are flat this morning.
As equities sold off broadly, yields rose and EURUSD fell back near 1.05. EURGBP rose on dovish BoE.
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