Bank of Japan Meeting: Another Baby Step to Exiting Negative Rates?

In focus today In a relatively quiet start to the week economic data-wise, markets will continue to closely monitor developments in the Middle East. Reports still suggest that Israel’s retaliatory attack on Iran on Friday was relatively limited in size and force which alongside Iran’s lack of response over the weekend could indicate a de-escalation […]

Market Picture According to the sentiment index, the cryptocurrency market remains in a state of fear at 28. Still, market capitalisation rose for the second day in a row as lower prices attracted buyers. Capitalisation rose 1.9% to $2.16 trillion, surpassing previous local highs, which is promising. Bitcoin gained 3.2% in 24 hours as it […]

Short Term Elliott Wave in USDJPY suggests that cycle from 7.3.2024 high is in progress as a double three Elliott Wave structure. Down from 7.3.2024 high, wave A ended at 155.37 and rally in wave B ended at 157.86. Wave C lower ended at 151.94 which completed wave (W) in higher degree. Pair then rallied […]