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 slightly lower in overnight trading
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair has just surpassed the Kijun sen level. Further increase of the market will trigger the currency pair towards the lower level of the Kumo. Alternatively, if the bears manage to withhold the bulls’ pressure the exchange rate will eliminate the Tenkan sen level with immediate target the previous low.
Market View
Regarding COVID-19, Germany imposed new restrictions yesterday, with those unvaccinated barred from restaurants, cinemas, and many shops. Vaccinations could be made mandatory from February according to the chancellor.
In the equity space, the risk-off sentiment in Europe turned into a rebound session in the US. Cyclical value stocks led the way, with energy stocks, industrials, and banks among the best performers, while defensives underperformed. Major indices in the U.S. closed as follows: S&P500 higher 1.4%, Dow Jones higher by 1.8%, and NASDAQ 0.8%. VIX edged lower but remains very elevated. Asian markets are mostly following this morning albeit Chinese tech stocks are getting hammered. US futures are pointing slightly upward.
Oil prices have climbed as well from the initial drop yesterday following OPEC’s surprise decision to go ahead with the planned 400kb/d output increase in January. Brent oil trades above 70USD/barrel again similar to the level prior to the decision.
EURUSD slightly lower in overnight trading while in the EM space the TRY continues to trade near ATL levels.
Similar
CAD Might Weaken As Oil Market Plunges
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Bitcoin & Gold - Safe Haven Amid Bank Crisis
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Popular
What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Will Australia's "Rampant Inflation" Prevail in May?
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
How Will BoJ Meeting Affect the Yen
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus
Choose your payment system
