Markets Remain Without Direction | BDSwiss Market Moves on MT4

-Car Manufacturers The European car industry might get an overhaul from the inside. Volkswagen, Renault and the Fiat Chrysler group might team up. In an effort to make electric cars more affordable, they are potentially forming a manufacturing group to produce cheaper electric vehicles. Another reason for this business merger is to defend against the recently growing momentum of Chinese companies and Tesla. In general, the demand seems to move fast towards new technologies, away from the previous combustion engines. Shares from Volkswagen have started to resume some upside and might push to higher levels for now. -Bayer Shares The German pharmaceutical and biotech giant is planning to reduce dividend payments. After the acquisition of Monsanto, the company is evaluating such moves as debt has been running high. Dividend reductions had been planned before as the costly purchase of the US biotech company, famous for their Roundup herbicide cost them USD 63 billion. Shares of Bayer AG have been in a free-fall since mid-2023. -Market Talk After a slight positive start this week, equities seem in a corrective pattern for now. The US- Dollar remains weak against most other currencies. Oil prices remain positive as a potential cease-fire in the Middle East has not been agreed upon. Gold keeps rising, while Silver also remains in a potential breakout pattern but needs to clear last week’s highs first. Bitcoin has traded sideways but might remain positive if the USD level can be broken to the upside. 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.