Risk-Off Sentiment to Take Over | BDSwiss Market Moves on MT4

-ECB Rates According to a statement from Joachim Nagel, the European Central Bank would be open to discussing reducing interest rates in summer this year. On the other hand, Robert Holzmann has pushed back on such ideas stating that given geopolitical tensions still being on the rise and inflation remaining high, rates might remain the same for now. After the news yesterday, the EUR has traded softer against the US Dollar. The Greenback seems gearing up some momentum against most other currencies. -Houthi Attacks Seemingly another attack by the Houthi rebels has hit a commercial vessel operated by the US. They have used an anti-ship ballistic missile, which underpins the current dangers in the Red Sea. The world’s most important trade route is still facing strong dangers. UK Prime Minister Sunak stated that he would work on the tensions to cool and also presented plans to increase the amount used for defence. The reason behind it would be the attack on free trade for the global economy. -Trump News Former US President Trump landed a victory in Iowa against his opponents Ron DeSantis and Nikki Haley from the Republican party. He would be the clear winner to run for the election. AP, CNN and CBS News have reported him as a winner much earlier, already 30 minutes after caucuses opened. -Market talk The US Dollar is gearing up steam against other currencies. Not only does the EUR lose momentum against the Greenback but also the AUD is heading much lower, which could be a sign of general weakness in the positive risk sentiment. Based on the daily chart, the AUDUSD pair is currently attacking the 50-moving average, which is acting as a support zone. Stock markets also start to tumble slightly and might weaken further. It is worth noting that Gold and Silver are only affected slightly as the general trend in markets changes. Also, oil is trading steadily, potentially due to the growing geopolitical tensions. 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.