Stronger Dollar, Pound to Weaken? | BDSwiss Market Moves on MT4

-BoE Rate Cuts Market participants believe that the Bank of England is due to reduce interest rates rather soon. Traders currently place their bets favouring falling rates in the UK. There are more estimates that the Bank might act faster compared to the ECB or even the FED. A rate cut is currently priced at 20% probability, whereas the FED and the ECB account for only 10%. The Pound might continue to weaken further, should more news come out. -Boeing Shakeup The aeroplane maker is finally addressing recent issues and now changing senior management roles. After several issues regarding flight safety, Boeing customer CEOs have increased their pressure on the company. The safety crisis is now meant to cause an overhaul in the company’s long history. The share price of Being remains under pressure and could trade soon below the USD handle. The trio, which was leading the company for the past four years is now stepping down. -Oil Price Oil prices continue to rise further. One reason might be the OPEC decision, which has confirmed that the output will remain limited. Production cuts will remain in place and there is no change in sight at the upcoming meeting next week, where figures are being reviewed. Current quotas should remain in place until June. Meanwhile, geopolitical tensions also increased with Houthi rebels stating that they might cause threats against Saudi Arabia should they support US airstrikes. Oil is currently trading at a small resistance rate of USD . Should this zone be broken, the market might be ready to move higher. -Market Talk The Dollar has regained further momentum and might continue to push to the upside. As the USD- index shows potential, most currencies might weaken against the Greenback. Also, the AUD is losing steam, while the market is currently trading below the 50-moving average based on the daily chart. On the other hand, equities continue to run higher, still supporting positive risk sentiment. Gold remains in a sideways trend and it looks like Silver could move lower. 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.