Stock Markets Tumble | BDSwiss Market Moves on MT4

-ECB Update According to Governing Council member Gediminas Simkus, investors seem to be too excited to see interest rates being reduced anytime soon. Previous comments had also followed from Robert Holzmann, who caused bond markets to fluctuate. Further comments might also cause a change in momentum as Christine Lagarde is expected to speak today in Davos. Meanwhile, the EUR is losing steam against most other currencies, particularly the USD. -China’s Economy The economy in China is facing further setbacks due to the deflationary momentum. Today’s data has been mixed for the second-largest economy but it still shows growth for the time being. Nevertheless, issues especially in terms of local demand remain negative. With 8.5% expected retail sales, only 7.4% kicked in showing a negative confidence in the market. -Iran Support Iran is seemingly not helping Houthi rebels to further increase their arsenal of weapons. After the recent attacks from the US and the UK in Yemen last week, Western officials remain slightly positive as the situation is showing success. Key supply lines between Iran and Yemen have been disrupted for now. -Market talk The strength of the Dollar is currently being resumed. Also, the demand for equities remains subdued and the AUD is heading lower, underlining the current trend. The EUR and the AUD have both crossed the 50-moving average on the daily chart, which could continue to impact markets. Gold, Silver and oil prices have followed, pointing to weaker levels for now. Additionally, Bitcoin might start to resume the bearish pattern today, as a key support zone is currently being tested. The general bearish sentiment could continue further. 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.