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...
USD/JPY remained above the 110.00
Information is not investment advice
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now testing the Tenkan sen level. A drop of the market will push the market into lower grounds.
European Market View
In Europe in today's calendar the key event will be the ECB meeting: PEPP calibration and the inflation outlook will be the themes to focus on, as hawks in the ECB's Governing Council have recently become more vocal about pro-inflationary risks.
In the other side of the Atlantic the weekly unemployment figures and more Fed speakers will be in focus.
In the equities space, defensives mostly lead the market with utilities as the outstanding sector. Energy, materials and tech trailed. This summarized to S&P -0.1% to close at 4514, Dow -0.2% and NASDAQ -0.6%. Asian markets are mostly lower as well. US futures point to another muted session.
In the FX space, JPY, NZD and USD gained vis-à-vis CAD and Scandies yesterday on a relatively quiet day for the FX markets. USD/JPY remained above the 110 threshold. The run for replacing Japanese PM Suga as party president sparked hopes for renewed fiscal stimulus proposed by one of the running favourites, former Minister for Foreign Affairs Fumio Kishida. EUR/USD, on the other hand, is slowly falling back again towards the 1.1800 level.
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