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...
Fed Chair Powell Testifies
Information is not investment advice
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAU/USD: Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
EU Market View
Asian equity markets were lower across the board with weakness stemming from the uninspiring performance in global peers. European stock markets are seen largely rebounding Tuesday after the previous session’s sharp losses. However, the overall tone remains weak amid concerns that the region’s recovery will be stymied by fresh lockdowns.
Looking ahead, highlights from the macroeconomic calendar include Riksbank & Hungarian rate decisions, US existing home sales, BoE Governor Bailey, ECB's Panetta, Lane speeches, Fed Chair Powell, Evans Barkin speeches.
EU Key Point
- Dollar firms a little more to start the session
- UK's Gove supports that new restrictions will be imposed
- BoE rate cut expectations to increase
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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
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