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...
GBP/JPY: Remains at multi month highs
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.
Fibonacci Levels
XAU/USD: Gold facing a further weakness the last hours and trading near a full retracement area. Gold continues to flirt with session lows and disappoints once more many buyers.
US Market View
U.S. stocks are seen opening mixed Tuesday, with the rotation into value stocks continuing on recovery expectations while tech companies struggle under the weight of higher Treasury yields. The tech-heavy Nasdaq has underperformed of late as rising bond yields have raised concerns about inflated valuations. The benchmark 10 yr Treasury yield traded at 1.77%, its highest level since the start of the pandemic.
U.S. Treasury bond yields rose, pulling the dollar higher and gold lower as markets braced for the announcement of President Joe Biden’s infrastructure spending plans in a speech on Wednesday. Oil prices edged lower Tuesday as shipping resumed through the Suez Canal and the focus turned to the meeting of the Organization of Petroleum Exporting Countries and its allies, a grouping known as OPEC+, later this week.
The market is expecting the surge of Covid cases in Europe, not to mention the rising numbers in important emerging markets like India and Brazil, to keep the cartel from increasing supply levels to any great degree when they get together on Thursday.
USA Key Point
- France says that it is targeting about 2 million vaccine injections this week.
- Higher yields the focus once again so far today.
- BOJ purchases ¥50.1 billion worth of ETFs today.
- USD/JPY breezes past 110.00 as higher yields underpin the dollar.
- Gold eases back below $1,700 as the outlook remains rather gloomy.
- AUD/USD hangs on in there, but any upside momentum still left wanting.
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
