ECB to Deliver Rate Decision Today | BDSwiss Market Moves on MT4

-Waiting for the ECB Today, traders will focus on the interest rate decision of the European Central Bank. Rates are likely going to remain at 4% for now. The question will be whether Christine Lagarde will offer any insights into the development of rates in the near future. She also pointed out that rates might be reduced as early as summer this year. Investors might put too much focus on such a topic, as rates might remain at current levels for longer than expected. The EUR is currently under pressure against the USD and might lose further momentum should the technical support level be broken to the downside. -Tesla Growth Elon Musk, the CEO of Tesla, sees another wave of growth coming. According to his plan, a new low-cost car will boost sales later next year. Investors on the other hand have pushed the price of the company down as they seem not keen to wait for that long. As sales numbers have not convinced market participants and the launch of a new vehicle appears to be a distant prospect, the company might face tough times ahead, despite Musk’s positive mood. Based on the long-term monthly chart the price of TSLA is about to hit the major support zone at USD soon, as prices keep falling. -Market Talk Markets remain in a calm pattern for now and seem to wait for the ECB’s important news. Stock markets were able to run higher yesterday but have printed a bearish pattern in the end, which could cause prices to fall soon. The AUDUSD pair remains weak and currently points to the downside, which confirms the general bearish potential. With oil running higher, the positive sentiment might continue today. The market has clearly broken out of the recent support area and could test the next USD resistance zone. Silver is resuming its trend higher, after having pushed up sharply from the USD support zone. Should the bullish sentiment remain in place, the price could also move higher next week. 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.