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...
The negative tone is mostly continuing in Asia this morning
Information is not investment advice
Ichimoku Kinko Hyo
NZD/JPY: The NZD/JPY pair is now testing the upper level of the Kumo. A higher thrust of the market would trigger the currency pair to retest the previous top. A failed attempt to move higher will push prices to enter the cloud.
European Market View
In the equities space the week started off in the red. Risk appetite took a beat as well, visible in the cyclical value trade changing to a defensive/value trade. The energy sector was the best, along with utilities and consumer staples. The FANMAG, medtech and semiconductors were hit hard yesterday, which brought NASDAQ -2.1% lower. Those levels have not been seen since mid-June. S&P 500 was a bit better off, down -1.3% while Dow -0.9%. Implied volatility slightly higher with VIX at 23. The negative tone is mostly continuing in Asia this morning with Japan dropping -2% and thus nudging at correction territory. Optimism is creeping back in the US though, with futures slightly higher.
In the FX space, rising interest rates amid a cyclical slowdown and rising energy prices is the perfect storm for a capital flow reversal in EUR/USD.
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