BoJ Steady, Dollar Looking for Direction | BDSwiss Market Moves on MT4

-China Support The government in China is evaluating, whether they could add support for their stock market. Investor confidence fell short when the government implemented steps for further regulation of the economy. Depending on how the plan might be, market observers state that it might only offer a limited impact. In general, stocks in Hong Kong had rallied while shares in China went down. -Allied Retaliations US and UK forces have again attacked Houthi-controlled bases in Yemen. The airstrikes are meant to stop the group from attacking commercial shipping vessels in the Red Sea. Within twelve days, Western forces have now attacked bases for the eighth time. On Monday, the targets were the underground storage facilities with capabilities of air surveillance according to joint statements made together with partners from Australia, Bahrain, Canada and the Netherlands. Oil prices currently continue to rise and Gold might have found a bottom for now as well. -BoJ Interest Rate Decision The interest rate decision in Japan has not seen any changes as expected. During their decision today, the Bank pointed out that they are confident to hit inflation targets again. No direction in terms of a further adjustment of rates has been made as their rates would remain at -0.1% for now. The JPY did not offer major moves today and has continued trading in a sideways pattern. -Market Talk The Dollar continues its momentum with slight weakness into the day. Based on the daily and 4h charts the EURUSD currency pair is currently at the 50-moving area zone, which could offer a strong resistance. Gold, Silver and Oil have risen as the conflict in the Red Sea does increase geopolitical tensions slightly. On the back of the weaker Dollar, also the AUD has been showing some slight positive momentum sending stocks to the upside. However, current moves might be short-lived and markets might turn around quickly. 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.