Dow Jones Wave Analysis

Summary United States: Steady, As She Goes This week’s economic data largely reinforced existing economic growth patterns. Consumer momentum remains largely intact, inflation continues to inch back down, albeit at a slower pace, and rate-sensitive sectors stayed in a holding pattern. Next week: ISM Indices (Mon. & Wed.), Trade Balance (Thu.), Employment (Fri.) International: Global […]

The EURGBP exchange rate remained steady earlier despite the release of UK labor market data. While wage growth (excluding bonuses) came in slightly higher than expected, the more critical month-on-month rise in private sector pay, which the Bank of England (BoE) watches closely, was more subdued. This suggests the job market is gradually cooling, with […]

In focus today In the euro area, focus turns to the final manufacturing PMI data for May. Manufacturing rose more than expected to 49.4 in the flash release showing limited signs of trade uncertainty. From the US, ISM manufacturing survey for May is due for release in the afternoon. Regional Fed manufacturing indices and the […]