Weaker Dollar, Positive Risk Sentiment | BDSwiss Market Moves on MT4

-FED Statement Minneapolis Fed boss Neel Kashkari is convinced that inflation will return lower. Despite that, he stated, that the Central Bank would still not be close to reaching the 2% goal. We make progress but still more work needs to be done he pointed out. Meanwhile, the US- Dollar is losing some steam as the market had previously rallied further given strong figures from last week’s labour market reading. -BoJ The Central Bank of Japan stated that they might scrap their policy of negative interest rates. Since government bonds look negative for the year, multiple rate hikes could follow soon. The Central Bank is expected to hike rates already in March or April. Towards the end of 2024, the interest rate could be at % moving forward. The Japanese Yen did not yet offer strength against other currencies following the news. Against the USD, the JPY still looks weaker based on long-term charts. -Middle East Ceasefire Currently, there is no ceasefire in sight within the Middle East. However, according to Qatar, we might get positive signals in such regards by brokering a potential deal between the Hamas and Israel. Much work still needs to be done according to the US Secretary of State, Antony Blinken. In the meantime, Israel had stated that more hostages would be dead. The price for oil remains in a sideways trend after having reached the strong support zone. A break above the 50-moving average based on the daily chart could unleash further upside potential. Also, Gold prices have started to push higher for now. -Market Talk The Dollar is starting to weaken again after yesterday’s negative momentum. With that most markets are affected and in particular equities resume their upside. Gold, Silver and oil have also started to move higher, whereas XAGUSD is lagging slightly. ETH is looking positive after a strong bounce of the psychological support level at USD 2300. Following the recent news from the BoJ, the JPY might gear up some momentum in the coming months against most other currencies. 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.