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-BoJ The Bank of Japan raised its interest rate, transitioning from negative territory to a flat 0% rate. Surprisingly, this news failed to prompt any significant market changes and instead led to the Japanese yen (JPY) losing further momentum. However, the dovish tone presented by the Bank further weakened the JPY, resulting in the USDJPY currency pair gaining approximately 140 pips. A break above the next technical resistance level at could potentially unlock further upside potential in this pair. -Nvidia The chipmaker has unveiled a new chip, named Blackwell, designed for enhanced AI computing capabilities. This latest innovation is expected to significantly improve artificial intelligence calculations, boasting faster processing speeds. Following this announcement, the stock prices surged; however, it still maintains a negative technical pattern according to the weekly chart. Nvidia’s share price has surged by 79% so far this year. -Rishi Sunak In the UK, the influence of Rishi Sunak appears to be waning. The Tories are attempting to provoke another dispute and are eager to determine if the Prime Minister will call for an election this summer. A potential snap vote might aid him in retaining power, while in the interim, Tory members could seek to remove him from parliament. -Market Talk The Dollar continues to gain momentum against most other currencies, with the EUR and AUD losing steam. The negative trend in the Aussie may eventually lead to weakness in equities, as they appear vulnerable to losses. Geopolitical tensions could be a factor contributing to the ongoing rise in oil prices. While silver shows promise, gold is seeking a new direction. BTC and ETH are still undergoing corrections and may continue to trade lower. It’s worth noting that the JPY isn’t gaining momentum; however, considering that the BoJ interest rate decision was anticipated, the news might have already been priced in. 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.
