Sideways Dollar, Gold down | BDSwiss Weekly Market Outlook

-Bitcoin Rally Currently, Bitcoin is resuming the uptrend, which was initiated before the news that the ETF would have been approved. A small retracement lower during the Chinese New Year holiday season caused the market to run higher which has also been the case during the past nine years. It marks the longest winning streak since January 2023. So far the BTC- ETFs have accumulated USD 9 billion. Should the price now cross the USD level, the market might also run beyond the USD zone as soon as the positive sentiment continues. -ECB data The Central Bank’s outlook due in March is likely going to be the key information on how interest rates are going to develop. Christine Lagarde pointed out that the Central Bank will likely cut rates this year. Governing council member Hernandez de Cos also shared a similar statement during an interview, published in a newspaper article in Cyprus on Sunday. Also, his Italian colleague Panetta said that the time to reduce rates would be fast approaching. The EURUSD remains rather muted for now. Despite it running slightly higher it looks like the Dollar is still at an advantage at the moment. -NATO Comments Donald Trump had stated that he wouldn’t defend a single NATO state, should they not fulfil their military spending measures. The comments have been rejected by Secretary General, Stoltenberg, who said that of course, the alliance would defend any country, which might potentially have been attacked. Meanwhile, Trump as a candidate for the Republicans has been criticised by his own party for the statements. -Market Talk Without important news on the calendar today, market participants might just focus on the employment news from Canada. The risk sentiment in the equities market remains positive whereas the AUD remains in a sideways pattern against the USD. Bitcoin continues to rise further and also ETH looks set to strengthen for now. Our open trade in the EURCAD currency pair remains positive, mainly due to the rise in oil prices. Oil had also reached the initial target 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: / bdswissen • Follow us on Twitter: / bdswissen • Follow us on LinkedIn: / bdswiss • Follow us on Instagram: / bdswiss • Subscribe to our Channel: / @bdswissen Your capital is at risk. T&Cs apply.