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...
NASDAQ posted fresh record closes
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading slightly above the cloud. An upward wave would lead the pair to eliminate the Tenkan sen and Kijun sen level, pushing the exchange rate to retest the previous top. Alternatively, a plunge of the market will lead the currency pair to enter the Kumo.
European Market View
This week's main event will be the FOMC later this week. It should be expected that the Fed will announce QE tapering and that it will start tapering immediately with a tapering pace of USD15 billion per month.
In the equities space, markets finished October quite strong as US stocks once again led market higher. NASDAQ posted fresh record closes and capped their fourth-straight week of gains. In terms of sectors, growth outperformed value for the fifth consecutive day. In U.S., Dow Jones ended higher by +0.3%, S&P 500 by +0.2% and NASDAQ by +0.3%. Positive sentiment continuing in Asia this morning led by Japanese equities. European and U.S. futures broadly higher this morning.
EURUSD lower than 1.1600 again, mostly on stronger dollar. As for GBP crosses, focus turns to the meeting of Bank of England.
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