Positive Risk Sentiment to Resume | BDSwiss Market Moves on MT4

-Dollar Weakness After several days of significant gains, it appears that the Greenback is currently losing momentum. During Asian trading, currencies such as the JPY and SGD have strengthened. Both the US Treasury Secretary and the Japanese Finance Minister have highlighted concerns regarding further weakness in the Yen and its potential impact on the economy. However, Japan has only expressed these concerns thus far and has not taken any steps to counteract such developments. -UK Rate Cuts The Governor of the Bank of England, Andrew Bailey, stated that both the UK and the Eurozone would face less inflationary pressure compared to the US. Currently, market participants also anticipate that the BoE might act more swiftly than their US counterparts. Yields, especially of short-term US bonds, continue to rise, reflecting investors’ sentiment regarding rate expectations. -Russia Transport Russia is currently progressing with the construction of two major transportation routes. One is intended to connect trade routes in Asia with links to China and Iran, aiming to secure trade amidst increased European sanctions. Another route is planned via the Arctic Sea passage. In light of efforts by the US and Western Allies to isolate Putin due to the conflict in Ukraine, Russia is actively seeking ways to maintain its participation in global trade. -Market Talk The Dollar may face additional losses as profit-taking takes hold, potentially leading to a slight positive reversal for equities as the weekend approaches. Today, traders will turn their attention to the US jobs report in what is generally a data-light trading session. Cryptocurrencies continue to trail behind such movements, persistently trading lower. The duration of the positive risk momentum hinges on the current market sentiment and could be short-lived. 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.