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 weakened against most G10 currencies
Information is not investment advice
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY pair is trading below the Kumo. The bearish scenario is still in force and the currency pair is expected to drop further.
European Market View
Today is expected to be a quiet day in terms of economic news. From the other side of the Atlantic, the market expects preliminary US core capex orders and shipments for June, which will give us some information over investment growth in Q2. Additionally, US house prices are out at 15:00CEST, and US consumer confidence at 16:00CEST.
In the equities space, markets have been quiet overnight. Chinese stocks continued lower after the recent crackdown on big tech and lately the education sector (downgraded by a large investment bank). Tesla presented a strong earnings report and delivered $1 billion in net income, a milestone for the 18-year-old company. Bond yields are unchanged from yesterday.
In the FX space, USD weakened against most G10 currencies while GBP came out stronger. EURUSD was traded again above the 1.1800 but is currently again is the 1.1785 area.
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