Dollar Sideways, Equities Rally! | BDSwiss Market Moves on MT4

-ECB Rates According to ECB council member Pierre Wunsch, the ECB would need to lower rates soon. Despite the inflation target of 2% still being far from being reached, the bank should take action prior. Such a move could be done before spring, as also stated by council member Villeroy de Galhau. Yesterday, the inflation rate from the US showed a slight increase, whereas the Dollar is currently not gearing up strong momentum. It will be interesting to see how the Fed will comment on this unfolding development. Headwinds currently come from Citadel founder Kenneth C. Griffin, who stated that the central bank should avoid caution in lowering interest rates too soon. -US Election In the US the election now shows another remake of the previous election. Now both candidates have enough delegates, who would vote for them in the pre-election process. Nikki Haley received very limited votes from Republicans paving the way for Trump. The election will take place on the 5th of November this year. This will be the first time in nearly 70 years that the same candidates will have a rematch. The US now faces a race between 77-year-old Trump and 81-year-old Biden. -Market Talk Despite the slightly higher inflation rates in the US, the Dollar seems to be showing limited signs of gearing up momentum for now. Meanwhile, stock markets have continued to rally again, whereas precious metals show signs of exhaustion for now. Also, oil prices remain limited and might head lower first. The strength of the JPY against other currencies has been interrupted and markets remain sideways. On the other hand, crypto markets remain positive and currently, BTC and ETH among others might break to the upside. Currently, they test the highs from earlier trading this week. 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.