Markets Focus on US CPI | BDSwiss Market Moves on MT4

-US Recession According to Jamie Dimon, the CEO of JPMorgan Chase, a recession should not be off the table just yet. As global investors currently rate this scenario with a 70% – 80% probability the FED should wait before reducing interest rates too soon. Yet, he believes that the chances of a soft landing would remain much lower than that. Currently, equity markets remain well-bid and keep on rising further. This week had started with slight losses however, markets remain positive after a retracement. In particular, the NAS100 might start trending higher now. The price just bounced off the psychological round number. -Trump Plans According to presidential candidate Donald Trump, he would scrap the financial support for Ukraine. During a meeting in Mar-A-Lago in the US, according to insights by Hungarian President Viktor Orban, Trump mentioned that he would not pay “a single penny” for the war in Ukraine. Furthermore, he added that the war could be ended soon, as Ukraine would not be able to stand on its own feet without military support from other countries. A comprehensive plan was presented to Orban, without him stating further details on that matter. Meanwhile, the Gold price remains strong after the breakout of the USD level. -Market Talk The weakness of the Dollar seemingly continues, despite the slight rise earlier this week. Most assets keep running to the upside, with in particular Bitcoin trading strongly above the psychological USD 70,000 mark. Also, ETH remains positive and has broken above the USD 4,000 price range. Oil prices continue to trade higher as the technical chart pattern, based on the daily chart, gives prices another push higher. The weaker Dollar might also be of help at this point. The JPY on the other hand, is setting in for a little breather as most currencies gear up potential against the Yen, which still shows further potential medium term. Today, traders will focus on the CPI index from the US, which could set the tone for volatile movements in the Dollar. 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.