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...
Indices were mostly lower yesterday, though off worst levels
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now testing the upper level of the Kumo. An upward wave would lead the exchange rate to retest the previous top. A failed attempt to move higher will push prices to enter the cloud.
European Market View
Markets will look out for comments from 'ECB sources', giving more insights into the debates of the ECB Governing Council and yesterday's decision.
The UK monthly GDP indicator will likely show that GDP recovered further ground during July, but at a slowing pace.
In the equities space, indices were mostly lower yesterday, though off worst levels. S&P500 printed its fourth-straight decline with most sectors lower. Peculiar sector preference though, as value and cyclicals beat growth and defensives. Financials, energy and materials were the only sectors higher, and health care trailed. S&P 500 closed down -0.5%, Dow -0.4% and NASDAQ -0.3%. Asian markets are rebounding this morning, especially on tech shares. US futures also slightly higher.
CHF, JPY, GBP and NOK rose vis-à-vis EUR and USD yesterday. EUR/GBP dropped firmly below 0.86 and USD/JPY fell back below 110.
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