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...
US futures have turned slightly positive
Information is not investment advice
Ichimoku Kinko Hyo
CHF/JPY: The CHF/JPY pair is now testing within the Kumo. Any downward wave would lead the exchange rate to exit the cloud. The pair might attempt to retest the previous low. On the other hand, a higher thrust of the currency pair would trigger the market to test the upper level of the cloud.
Market View
Yesterday’s rebound was short-lived, with U.S. markets dipping back to red toward the end of the session. Growth lagged again as yields picked up, with semiconductors, medical and tech selling off further. Dow Jones closed lower by -0.2%, S&P 500 by -1.2% and NASDAQ -2.3%. Asian markets look like have no real direction this morning, and US futures have turned slightly positive.
The IMF came out yesterday and cut its global growth forecast to 4.4% in 2022 from 4.9% back in October.
Today is the FOMC meeting and should expect the Fed to remain hawkish. That would probably mean EUR weakness is here to stay.
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