Focus on ECB | BDSwiss Market Moves on MT4

-ECB Interest Rate Decision Today, the European Central Bank will decide on the interest rate policy moving forward. The rate is expected to remain stable for now yet the outlook is likely what might move the market. Arguments for potential rate cuts will likely follow by the incoming data and rate cuts should be expected later this year. Most officials state that the time would be too soon to reduce rates as the pressure of inflation would remain high, despite it nearing the 2% target. Currently, the EUR seems stable against most other currencies as the outlook remains the same. -FED Meanwhile, statements from the US Federal Reserve hit markets with Neel Kashkari from the Fed of Minneapolis stating that the Central Bank might reduce rates potentially twice or even just one time this year. This contradicts the news that the Fed will likely reduce its interest rates several times this year. Kashkari underlined his message during an event hosted by Wall Street Journal yesterday where he said that his forecast might be reduced by one rate adjustment less this year. Meanwhile, the USD is trading weaker against most other currencies. -Market Talk Before the ECB interest rate decision the EUR has been gearing up steam. The USD remains weak and equities look set to head to lower levels. After a slight push to the upside yesterday, markets have mostly traded back towards their recent support levels based on the positive trendline from the past weeks. A break of general price levels from Tuesday might generally ignite markets heading to the downside. It is worth noting that also the JPY is gearing up steam currently and might strengthen 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.