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...
GBPUSD : test the 200 hour moving average/50% retracement hurdle
Information is not investment advice
Ichimoku Kinko Hyo
NZD/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 consolidation on 23.6% retracement area. Bears have returned recently.
US Market View
U.S. stocks are seen opening moderately higher Wednesday, continuing to benefit from Fed Chair Powell's downplaying of the risk of an early move to tighter monetary policy. Fedspeak is on the menu again Wednesday, with FOMC members all slated to speak at events throughout the day.
These speakers will all attract the attention of the market after Federal Reserve Chair Jerome Powell testified Tuesday in front of U.S. lawmakers on Capitol Hill, playing down concerns about rising prices, maintaining his view that the country’s surging inflation would be transitory.
Additionally, New York Fed president John Williams, one of the more influential members of the Fed's rate-setting committee, stated that more progress is needed before the Fed begins to scale back its bond buying.
Hong Kong’s pro-democracy apple daily newspaper is set to close at the end of this week, after concerted pressure by the authorities on the paper and its owner Jimmy Lai. Some 500 Hong Kong police raided the paper's offices, the first case in which authorities have cited media articles as potentially violating a new national security law that drew intense criticism from the U.S. earlier this year. Crude oil prices pushed to multi-year highs, after strong demand in the U.S. market drained the country’s inventories.
USA Key Point
- Oil edges higher on report that OPEC+ ponders 500k bpd hike in August.
- EURUSD stays above 100 hour MA as dip finds buyers.
- Canada May prelim retail sales -3.2% vs -5.1% prior.
- US current account balance for the 1Q $-195.7 billion versus $-206.2 billion estimate.
- Canadian dollar hits a fresh session high ahead of retail sales data.
- The NZD is the strongest and the JPY is the weakest
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