Risk-Off Sentiment to Continue | BDSwiss Market Moves on MT4

-Risk-Off Sentiment Resuming Negative risk sentiment dominated markets during Monday’s US trading session, leading to a resurgence in US- Dollar strength and subsequent declines in equity markets. This trend continued into the Asian session today, with Japan closely monitoring markets but refraining from issuing intervention warnings despite the weakening Yen. Currently, the USDJPY currency pair is trading above the handle. -Oil Markets Despite trading below their recent highs, oil prices are rebounding once more, potentially fueled by escalating tensions in the Middle East. Following a test of technical support at USD , US WTI is showing positive momentum. These developments may contribute to sustained inflationary pressures, potentially leading the US Federal Reserve to hold off on interest rate reductions. -Chinese Data Today’s data from China continues to disappoint, lagging behind expectations once again. Industrial production fell to 4.5% instead of the anticipated 6.0% growth, indicating ongoing challenges in the country’s economic recovery since pandemic-related restrictions were lifted last year. Particularly, the downturn in the real estate sector is dampening confidence. Additionally, there are discussions within the European Union about imposing further sanctions on China this summer to address imbalances in the electric vehicle market. -Market Talk Today, traders will closely watch the CPI data from Canada. A potential increase could bolster the CAD, pushing it further upward. Currently, the Loonie is trading lower against most other currencies, failing to capitalize on the recent strength of oil prices. Tensions, especially between Iran and Israel, may continue to drive precious metals higher. Despite technical pin bar candlestick patterns observed on the daily charts, markets are showing slight upward movement again. However, with stock markets breaking below recent support zones, negative risk sentiment may persist. 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.