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...
Global equities traded lower yesterday
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading on the Kijun sen level. Any decisive movement to the north will lead the exchange rate to test the previous top and even higher. Alternatively, a further correction of the market will push prices to find support at the Kumo.
European Market View
ECB's annual Forum begins today, and while the agenda is not focused on the near-term monetary policy outlook, markets will follow Lagarde's opening speech at 14:00 CET.
In the other side of the Atlantic, a number of Fed speakers are also on the wires in the evening.
Global equities traded lower yesterday, however with noticeable regional and sector differences. The cyclical value trade continuing to perform as investors see higher yields lowering the value of future cash flows, but they do not see yields as a constraint to the economic backdrop or equities in general.
At the moment, the energy sector is benefiting from higher oil prices while banks are the biggest beneficiary of higher yields. Healthcare and tech the biggest losers in the current environment. In US yesterday, Dow +0.2%, S&P 500 -0.3% and NASDAQ -0.5%. Asian equities are mixed this morning. Hang Seng outperforming as property developers rally following reassuring comments from major developer Sunac. US and European futures are flat.
In the FX space, it's been a fairly quiet start to the week. EUR/USD remains little changed while oil exporting currencies have been the big winners. From the emerging market space, worth noting that USDTRY is at ATH after the Monetary Policy Committee lower its key one-week repo rate by 1% to 18%.
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
