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-Fed Statement According to Fed Governor Christopher Waller, there would be no rush to reduce interest rates soon. Due to the recent economic data, the process could also be delayed and the amount of cuts could be lower this year. Disappointing inflation data would lead him to communicate such a move. Meanwhile, the USD is gearing up steam again offering further potential. Especially the AUDUSD might be interesting to observe as this market could act as a previous for equities. -Stock Markets Traders and investors question, whether the positive moves in equities will continue. With most markets at or near their all-time highs, potential corrections might be in the making. The rally has been around for five months now and might not offer insights into when it will end. In a statement from JPMorgan, the bank says that market participants might be on the wrong side, should a correction occur. Especially US election years have offered less returns in the past. -Yen Weakness According to Nomura Bank, the JPY might strengthen again later this year. In recent statements they expect the exchange rate of the USDJPY to weaken back towards the level. Further easing of the Fed might be behind such moves. Currently, the USDJPY pair trades just shy of the resistance zone, looking set to break higher. -Market Talk The Dollar shows further signs of positive sentiment and might gear up strength now. Most pairs like the EURUSD, GBPUSD and AUDUSD, in particular, could break the current lows heading down. Whether the stronger Greenback will support weakness in equities can be debated but they are still trading at high levels. Meanwhile, BTC and ETH are resuming their uptrend and might grow further momentum. Also, oil prices could run higher and hence support the price of the CAD for now. 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.
