Dollar Weakness and Yen Decline | BDSwiss Market Moves on MT4

-Gucci Warning The luxury goods maker has warned that operating income will drop more than 40% for the first six months this year. Less demand from China already caused an 18% drop for the first quarter so far. Investors will now focus on figures from Heineken, Volvo and the Lloyds Banking group. German carmakers BMW and Volkswagen are attempting a comeback after sales figures from Chinese car makers have overtaken markets. The Chinese are especially strong in the EV division, causing a big shift in global car sales. -BoE Rate Cuts In a recent statement, the chief economist from the Bank of England, Huw Phl, pointed out that he would rather opt for a more cautious approach to reducing interest rates. There would still be a “reasonable way to go”. The next gathering of central banners will be held on the 9th of May. Price pressure has been reduced but might still take time to proceed lower. Meanwhile, the GBP has resumed some upside against other currencies. Especially the GBPUSD currency pair looks like it might have further upside to offer for now. -Market Talk The Dollar remains rather weak against other currencies, while the Japanese yen is still losing steam further without an end in sight. Precious metals have started to rise slightly as markets were not falling further during yesterday’s trading. Meanwhile, also oil prices have resumed their upside and might test the USD zone soon. Crypto markets also look positive and the BTC price might start to break the USD 67,350 zone, where also the 50-moving average acts as a resistance area. The positive risk sentiment can also be seen in stock markets with most indices running higher. 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.