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...
Yesterday's session was all about the USD appreciating
Information is not investment advice
Ichimoku Kinko Hyo
USD/JPY: The USD/JPY pair is now trading slightly above the cloud. An upward wave would trigger the market to retest the previous peak. A failed attempt to move higher will push prices to find support at the upper level of the Kumo.
European Market View
The U.S. Congress has to pass a short-term funding bill before the deadline at midnight U.S. time today, with which would avert a government from shutting down on Friday.
In Asia, and in regards to Evergrande crisis, while it seem that markets have quickly moved to other issues, it is far too early to say that things are back to normal on China's property crisis.
In the equities space it felt like equities made a comeback yesterday. In Europe markets were higher, but globally equites were flat, measured by the MSCI world indices. Interesting to see defensive/value/large cap continuing to outperform and tech sector continuing to underperform despite risk appetite improving and yields being flat. In US, Dow +0.3%, S&P 500 +0.2% and NASDAQ -0.2%. Asian markets are mixed this morning with the Hang Seng index underperforming while most other markets are in green. European and U.S. futures are green as well.
Yesterday's session in the currency markets was all about the USD appreciating and EUR/USD moving close to a full figure lower. On the other end of the spectrum, NZD, MXN and NOK all posted losses in excess of 1% versus the greenback.
Similar
CAD Might Weaken As Oil Market Plunges
Futures for Canada's main stock index rose on Monday, following positive global markets and gains in crude oil prices. First Citizens BancShares Inc's announcement of purchasing the loans and deposits of failed Silicon Valley Bank also boosted investor confidence in the global financial system...
Bitcoin & Gold - Safe Haven Amid Bank Crisis
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
Popular
What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Will Australia's "Rampant Inflation" Prevail in May?
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
How Will BoJ Meeting Affect the Yen
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus
Choose your payment system
