Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
European markets slightly higher after the record highs of S&P500
2020-08-19 • Updated
Ichimoku Kinko Hyo
AUD/JPY: The AUD/JPY pair is now trading between the Tenkan Sen and the Kijun Sen. An upward wave would lead the pair to exceed the Tenkan Sen, confirming the bullish outlook.
US Market View
European markets slightly higher after the record highs of S&P500 in the previous session.
The advance of S&P500 came as shares of big tech stocks rallied and reflected the trend of the past months this year in equity markets, as investors showed interest into software and tech names as a defensive strategy against the pandemic. Many analysts have noted that the market has been discounting the future and not the present.
The COVID-19 virus rates have begun to slow in the United States, but not the same case in some countries within Europe.
US Key Point
- European markets slightly higher after the record highs of S&P500.
- The COVID-19 virus rates have begun to slow in the United States.
Similar
How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
Stock Market Drops. Will Correction Continues?
The US broad-market index, S&P 500, has been pressed below the 50-day moving average for the first time since March! Why?
Latest news
Last chance for bulls to exit the market. FBS explains the next two years for crypto
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
What To Trade On May 23 - 27?
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
Can a recession be avoided?
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
