EURJPY Wave Analysis

Markets Today’s eco calendar was light compared to earlier this week but that didn’t prevent a further sell-off on core bond markets. April US durable goods orders were stronger than expected, but March figures face a downward revision. Core shipments, input for GDP (investments), increased by 0.4% M/M following a 0.3% decline in March (earlier […]

Major currency pairs like USD/JPY and USD/CHF face potential shifts in trends as central banks reevaluate interest rates. The Euro and British Pound are poised for nuanced movements based on economic conditions and rate decisions. Meanwhile, the Australian and New Zealand Dollars grapple with changing interest rate differentials and economic uncertainties. For now though, let’s […]

The Fed made no changes to its monetary policy in the July meeting, as widely anticipated. Powell avoided pre-committing but firmly opened the door for initiating rate cuts in September. The Fed sees plausible scenarios ranging from ‘zero to several cuts this year’. Focus is on the risk of sharp deterioration in labour market conditions, […]