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...
EURUSD currently trades in the low band of 1.13
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is gyrating within the cloud. An upward wave would lead the exchange rate to exit the Kumo. Alternatively, a plunge of the market will push the rate below the cloud with further bearish implications.
Market View
In the equity space on Friday, investors did not buy the dip, but continued to sell cyclicals. The Dow Jones closed -1.3%, SP500 closed down almost 2% and NASDAQ -2.7%. This is the third straight week that equities decline and in total NASDAQ has lost 15% from the beginning of the year. Looking at it in a more global perspective, a total of USD4.2tn was evaporated last week from global equities.
In the FX space markets are awaiting the FOMC meeting later in the week. EURUSD currently trades in the low band of 1.13 while USDJPY in the 113.70 area.
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