EUR Weak, USD Strong, Equities at a Tipping Point | BDSwiss Market Moves on MT4

-FED Inflation Statement According to a statement from Janet Yellen, the pressure of inflation is easing and is “well under control”. The Covid-19 pandemic has caused inflation to skyrocket and according to her statements, the current measures taken would be sufficient to curb price developments further. Current numbers suggest that inflation is now nearly at the lowest levels of the survey. Inflation expectations as indicated in the University of Michigan Consumer Sentiment Survey revealed that data would be near the 2% mark for a second straight quarter. Meanwhile, the US- Dollar has been gearing up momentum following the ECB interest rate decision yesterday. -China Stimulus The People’s Bank of China has added further stimulus measures to support the economy. The plans will include steering credits into selected areas alongside the order that banks need to have certain cash reserves. Also, modest policy rate cuts will be implemented. The Chinese stock market has suffered in recent years and does not show any positive momentum for now. -Market Talk The Dollar is gearing up steam currently as other currencies weaken. Not only the EUR is heading lower, but also the GBP has lost momentum for now. Precious metals remain in a sideways pattern and also Silver is showing a pause during the recent strong bounce. Stock markets show signs of weakness, potentially due to the stronger Greenback. Oil is very strong and looks like it will run higher before the weekend. The CAD has hence offered positive momentum against most other currencies. 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.