Stocks Look Toppish, Gold Rises | BDSwiss Market Moves on MT4

-EU Sanctions The European Union has proposed new sanctions against more than 20 companies. The businesses, where three of them are located in China are supposedly supporting Russia in fighting the war against Ukraine. This would mark the first time that the Union is imposing restrictions on companies in China. Furthermore, also corporations based in Serbia, Hong Kong, India and Turkey would be affected. Geopolitical tensions remain unchanged, yet Gold prices have resumed some upside potential. Also, stock markets might offer signs of a potential toppish formation at the moment. -UK Rules According to the Bank of England Governor Bailey, regulatory reforms since the financial crisis in 2008 can’t be blamed for why commercial banks trade at a sharp discount. Instead, he stated that even more reforms need to be implemented to protect against potential fallout from banks like Silicon Valley Bank. Speaking about a potential recession he stated that any economic downturn would be shallow. The FTSE- 100 index (GBR_100) is still lagging far behind other indices and pointing to lower prices currently. -Market Talk The US- Dollar shows signs of a positive reversal. The Greenback might gear up momentum against the EUR as the market looks like it would roll- over to the downside. Meanwhile, the GBP is trading steadily and the AUD is losing steam as well. With the S&P 500 (SPX500) showing a technical pinbar candle based on the daily chart, equities could face some profit-taking currently. Oil keeps rising and hence the CAD is gearing up steam, which helps the EURCAD proceed to the downside. 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.