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 slipped back below 1.13
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now testing the upper level of the Kumo. An upward wave would lead the exchange rate to retest the previous top. If the bears manage to withstand the bulls’ pressure, the market will move lower with bearish implications.
Market View
Equity markets started the week on a strong note as a narrative of a less deadly covid-19 variant – the Omicron – is developing. The recovery yesterday lifted some of the hard-hit sectors such as consumer service. Volatility dropped a tad, however VIX still remains at 27 and small cap equities outperformed large cap. Growth and momentum stocks still struggling as with value outperforming for its fourth consecutive day. Major indices in the U.S. closed the first day of the week as follows: Dow Jones up by +1.9%, S&P 500 +1.2%, and NASDAQ +0.9%. Optimism continues to form in China this morning with Japan’s Nikkei 225 and Chinas Shanghai index sharply higher. Both European and U.S. futures are pointing to a positive opening.
In the FX space, as risk appetite returned into the markets yesterday AUD, CAD and NOK, got a lift higher vis-à-vis CHF and JPY. EURUSD slipped back below 1.13, while USDJPY is the between 113.50 and 114.
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
