Dollar Strength, Equities Continue to Fall | BDSwiss Market Moves on MT4

-UK CPI The UK inflation data has been reported slightly higher than expected at 3.2%, surpassing the anticipated 3.1%. However, it remains below the previous period’s 3.4%. Despite these figures being relatively low, there is speculation that the Bank of England might be the next major central bank to cut rates. Chancellor Jeremy Hunt suggests that easing prices and reducing interest rates could uplift voter sentiment. Governor Andrew Bailey also noted that the UK’s inflationary pressures are expected to ease more compared to the US. -Fed Plans During a recent statement, Jerome Powell emphasized that the central bank might need to postpone plans to further reduce interest rates. With inflationary pressures still elevated, plans may need to be delayed until figures show a more significant decline. Additionally, recent employment data indicated a notable increase, which could contribute to sustained inflationary pressures. Currently, US 02-year yields are trading around 5%, indicating market expectations. -Morgan Stanley Layoffs are planned in the investment banking sector in Asia, with approximately 50 positions set to be cut. The majority, around 80%, will occur in Hong Kong and China, marking the largest wave of job cuts in China in recent memory. Despite China being the largest market in the region, the property crisis and the Chinese government’s ongoing crackdown on private companies have prompted the bank to reassess its business model. -Market Talk The US- Dollar continues its ascent against other currencies, buoyed by recent statements from Jerome Powell hinting at potential delays in rate adjustments. This reinforces the Dollar’s strength, with recent trend lines suggesting further potential gains. However, equity markets continue to exhibit instability, with both the S&P 500 and Nasdaq indices breaking yesterday’s support levels during pre-US trading, signalling possible further declines. Silver appears poised for profit-taking amid the Dollar’s strength, while Gold may trade sideways or even slightly positive amid waning risk sentiment. With no significant developments from the Middle East, oil prices remain in a sideways pattern. 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.