Author: FX

Share: The Japanese Yen attracts strong follow-through buying amid renewed BoJ rate hike bets. The uncertainty about the Fed’s rate-cut path undermines the USD and weighs on USD/JPY. The fundamental backdrop supports prospects for a further depreciating move for the pair. The Japanese Yen (JPY) adds to its strong intraday gains against its American counterpart and drags the USD/JPY pair to a four-week low, around the 148.00 mark during the early European session on Thursday. A rise in Tokyo CPI, along with hawkish remarks by Bank of Japan (BoJ) officials, lifted bets that the central bank will exit…

EUR/JPY just saw another dip after speculations of a hawkish shift in the BOJ’s policies boosted the Japanese yen across the board. Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your fundie homework on the euro and the Japanese yen, then it’s time to check out the economic calendar and stay updated on daily fundamental news! Earlier today, reports of the Bank of Japan (BOJ) having permission from the government to exit its negative interest rate policies (NIRP) circulated in the markets. One of the largest labor groups also shared…

Fortuna Silver Mines press release (NYSE:FSM): Q4 Non-GAAP EPS of $0.07 misses by $0.04. Revenue of $265.3M (+61.1% Y/Y) beats by $8M. Net cash generated by operations for the quarter was $105.1 million or $0.36 per share in Q4 2023. Free cash flow from ongoing operations1 of $66.2 million in Q4 2023. Record gold equivalent production of 136,154 ounces in Q4 2023 and record annual gold equivalent production of 452,389 ounces; representing increases of 6 and 13 percent compared to the respective periods in 2022. Record gold production of 107,376 ounces in Q4 2023 and 326,638 ounces for the full…

The ECB is gearing up to announce its monetary policy decision in a few! Will they stick to their neutral bias or sound more inclined to cut rates soon? Take a look at this make-or-break zone I’m watching on EUR/CAD. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

© Reuters. File photo: An aerial view shows cars for export at a port in Yantai, Shandong province, China May 3, 2023. China Daily via REUTERS/File photo By Joe Cash BEIJING (Reuters) -China’s export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers as they try to shore up a stuttering economic recovery. China’s improved export data joins those of South Korea and Germany, and Taiwan, who all saw their shipments top expectations over the first two months of the year, with the Asian economies benefiting from…

At 1500 GMT, which is 1000 US Eastern time, Powell delivers his semiannual monetary policy testimony before the Senate Banking Committee. On Wednesday it was to the House:Forexlive Americas FX news wrap 6 Mar: Fed Chair comments keep easing on table. USD lower.The, at 1630 GMT / 1130 US Eastern time, Federal Reserve Bank of Cleveland President Loretta Mester speaks virtually on the economic outlook as part of the European Economics and Financial Centre’s Distinguished Speaker SeriesMester is never shy of the odd hawkish comment or two. But I don’t think she’ll outdo Kashkari from earlier:More on Fed’s Kashkari -…

Most Read: US Dollar Falls, Fed’s Resolve in Question; USD/JPY, USD/CAD Setups Before NFPThe European Central Bank’s Thursday meeting is likely to be a subdued affair, with markets widely expecting interest rates to remain unchanged for the fourth consecutive gathering. For this reason, investors should closely monitor President Lagarde’s press conference – her statements may provide valuable insights into the monetary policy outlook.Lagarde is likely to embrace a neutral stance, refraining from sending signals that could inadvertently create unrealistic expectations in either direction. Although disappointing growth data over the past couple of months may argue for a more dovish position,…

Share: Australia’s trade surplus widened to 11,027M MoM in February versus 11,500M expected and 10,743M in the previous reading, according to the latest Aussie foreign trade data published by the Australian Bureau of Statistics on Thursday.Further details reveal that Australia’s December Goods/Services Exports reprint 1.6% figures on a monthly basis versus 1.8% prior. The nation’s Goods/Services Imports grew 1.3% in February MoM versus 4.8% prior. Market reaction At the press time, the AUD/USD pair is up 0.03% on the day to trade at 0.6567. About Australia Trade Balance The trade balance released by the Australian Bureau of Statistics is the difference in…

Nayax (NASDAQ:NYAX) said Wednesday it will buy Brazil-based VMtecnologia for an implied enterprise value of $22.3 million, entering the Latin America market as part of its global expansion effort. VMtecnologia is a technology solutions provider for the automated self-service industry. “With this expansion, Nayax will now serve over 18,300 additional unattended points of sale, including vending machines, micro markets, autonomous laundromats, and the electronic entertainment sector,” the company said in a statement. The company will pay $13.4 million upfront in cash, with about $8.9 million to be settled semi-annually over the next three years in cash or equity, if certain…

© Reuters. OAKLAND, Md. – First United Corporation (NASDAQ: FUNC), a financial services provider, announced a cash dividend of $.20 per share, scheduled for payment on May 1, 2024. Shareholders on record as of April 17, 2024, will be eligible for the dividend. As the parent company of First United Bank & Trust, First United Corporation operates through various subsidiaries, including OakFirst Loan Center, Inc. and OakFirst Loan Center, LLC, which are finance companies. It also holds interests in entities such as First OREO Trust and FUBT OREO I, LLC, involved in managing real estate obtained through foreclosure. In addition,…