Weaker Dollar Supporting Positive Risk Sentiment | BDSwiss Market Moves on MT4

-ECB, BoE Action Christine Lagarde pointed out that rates would remain at higher levels for an extended period of time. The news came yesterday despite traders expecting the ECB to also follow what the Fed had stated before, reducing rates faster. Similar news also came from the Bank of England, where Governor Bailey pointed out that lower inflation can’t be taken for granted as the situation should be carefully evaluated further. Rate cuts won’t hence be on their agenda as well. -China Numbers Figures from China have once more pointed out that the recovery after harsh Covid-19 restrictions is underway. Not only have retail sales for the month of November picked up momentum, yet lagging behind estimates, but more importantly has the industrial production grown substantially. The expectation was expected to rise from 4.6% to 5.8% but has surprised markets with a sharp growth of 6.6%. The previously communicated stimulus from the government might have a potential impact and a lift in the global economy, which keeps growing demand from China. The CNH was gearing up steam slightly rising against its peers in early trading today. -USD Bulls After a set of negative data the US- Dollar has lost momentum against all other currencies. After a dovish Fed, the greenback has sold off and lost further momentum when central banks like the BoE as well as the ECB showed their hawkish side yesterday. However, economists believe the Dollar will return to its hawkish mode next year. Also fund managers from banks like JP Morgan, HSBC and Fidelity expect the return of a stronger Dollar next year. The economy will likely outperform and hence offer more potential for the greenback compared to the Euro. -Market talk The positive risk sentiment currently continues. The recent rather hawkish momentum from the BoE and ECB has not caused equities to fall but instead caused US indices to rise further. Especially the weakness of the Dollar might also be a reason for fresh demand in the US. Precious metals seem also driven by the weakness of the greenback as well as oil prices, which retrace higher off the current support zone. On a positive note, crypto markets continue with their uptrend and might break to higher levels again soon. Check the UPCOMING WEBINARS here: • Download the BDSwiss iOS app: • Download the BDSwiss Android app: • Join our Telegram Channel: • Like us on Facebook: • Follow us on Twitter: • Follow us on LinkedIn: • Follow us on Instagram: • Subscribe to our Channel: Your capital is at risk. T&Cs apply.