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 USD is the Strongest and the AUD is the Weakest
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The pair is trading in a bullish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming bullish momentum.
Fibonacci Levels
XAG/USD: Silver has made a full correction but still struggles to touch the 23.6% correction.
US Market View
The dollar hit a two-month high against its developed-market peers, as the strength ebbed away from cyclical currencies against a backdrop of weakening global economic momentum and signs of sustained tension between the U.S. and China. The dollar is also benefiting from a bout of euro weakness. ‘flash’ purchasing managers index for the euro zone fell to 50.1 in September, barely above the line that represents growth, as a surge in Covid-19 cases hit customer-facing services particularly hard. Manufacturing fared better, particularly in Germany. U.S. stocks are set to open higher, building on Tuesday’s tech-led gains after signs that a dispute over the vacant Supreme Court seat will not entirely derail Washington’s other business.
US Key Point
- Fed's Clarida supports not even going to think about raising rates until actual inflation is at 2%
- Euro area PMIs a mixed bag
- Fed expects to keep rates lower for longer
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