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-US Election Former President Trump has eliminated his opponent in New Hampshire, meaning negative chances for his major rival Hikki Haley. This means he might likely turn into the general candidate for the Republican party as nominee. Previously, Trump had secured the state of Iowa. The next big race will be on February 24th in South Carolina, the home state of Haley, where he currently leads according to polls. The US- Dollar is not affected by the results at the moment, similar to stock markets which keep trading in positive territory this week. -Loose Bolts According to checks on several of their 737 Max 9 planes in Canada, operator Alaska Air has stated that they found loose bolts in many of their planes. They might be one of the key parts, which had led to an exit row door being blown out in mid-air some weeks ago. Currently, the manufacturer Boeing is facing strong setbacks from regulators due to that incident. Luckily no casualties have been reported, in particular since no one was seated next to that door. Boeing shares have lost about 20% since the aftermath of that event. -Focus on BoC Traders will focus on the Interest Rate Decision of the BoC today. The Loonie is currently trading in a sideways pattern against most other currencies but might lead to further strength. Should the Central Bank remain rather hawkish with their rate level, the Canadian Dollar could gear up momentum further. The CAD is offering momentum against the USD as well as the EUR based on long-term charting patterns. -Market Talk Heading into Wednesday, markets remain mostly in a sideways pattern. Gold prices as well as the SIlver market have traded sideways and the USD was able to gear up some steam against the EUR. Should the trend continue, the EUR might lose the support zone soon. Equities remain on positive ground but could face some negative momentum. The AUD as the risk-on currency is losing momentum against the Dollar and has fallen below the 50-moving support area based on the weekly chart. This could cause the positive market sentiment to change to the downside. Worth noting that also oil has confirmed the break to the upside and might continue higher for now. Above the USD area, the upside momentum could intensify. 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.
