Risk Sentiment Positive & Dollar Stronger | BDSwiss Market Moves on MT4

-BoJ Intervention? The Japanese Yen remains very much in play with USDJPY back to – no official news of BOJ activity will be available for a few weeks but either that or significant speculators were responsible for attempts to support the Yen. It remains vulnerable and on the back foot. -TESLA – Vroom From Friday’s close down % to , on Monday the share price surged over 17% at one point, closing the day up % and helping to lift the wider stock markets. Heavyweight Apple also gained %, while losses from Alphabet and Meta kept gains moderate for the day. The S&P500 held the key 5100 level, closing at 5116. Amazon earnings are to be announced tonight after the market closure. -The US Consumer The Consumer Board Consumer Confidence data will be key today as the month concludes. It is expected to weaken again to from 104.7 last month and from January’s 8-month peak at 114.8. US consumer spending accounts for over two-thirds of the US economic activity, and this key sector’s sentiment can be pivotal. In a busy hard economic data week, this is an important reading not to be overlooked. -Market Talk The Dollar moved positively in early Asian and European trades this morning with mixed retail sales data from the regions. Earlier Chinese PMI data, on balance, was weaker than many expected with the Services sector missing expectations, but the private Caixin manufacturing number came in better than expected. As the FED begin their two-day meeting today, traders are now pricing 35 basis points of cuts in 2024, drastically lower than the 150 bps of easing priced at the start of the year. The shifting expectations on U.S. rates have lifted Treasury yields and the dollar, dominating the currency market. Against a basket of currencies, the USD Index is higher at ; up over 1% in April and over 4% for the year. 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.