Positive Risk Sentiment Returns on the Back of a Weaker Dollar | BDSwiss Market Moves on MT4

-Nvidia Results The quarterly results of Nvidia might further shake up markets. Their sales forecast is again on the rise, while revenue for the current period has been marked with USD 24 billion, which is more than USD 2 billion above the forecast. The result for the fourth quarter 2023 also went beyond expectations and hence the current rally of Nvidia might continue towards the USD 800 level. -Fed Minutes The Fed Minutes did not reveal any major news last night. As recent public statements suggested, most of the officials would be worried about reducing rates rather soon as shown in the official document. Hence, more evidence that rates are falling would be needed. The 2% target remains close, though it has not been achieved yet. In general, borrowing costs will remain high for the time being. The USD remains on the weaker side and loses value against most other currencies -Poland Support In a major vote of confidence for Poland, the EU is likely going to approve a release of EUR 6.3 billion. The funds will be used as post-pandemic aid and the total volume contains EUR 60 billion in support. Due to rule-of-law concerns, the money had been blocked until now. -Market Talk The weakness of the Dollar continues to impact the financial market. The US Dollar index (US_DX) has been broken below the support zone based on the daily chart and this might cause the Dollar to remain weak. Equities remain positive and the NASDAQ (NAS100) has resumed strong upside momentum, having printed a positive reversal candlestick pattern. The quarterly results of Nvidia will likely help the index to run higher for the day. Also, oil prices might continue to break to the upside as the recent resistance area of USD is currently being tested. Gold is testing the 50-moving average at the moment, which acts as a resistance area. Silver is still shy of breaking beyond the USD zone as well. 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.