Author: FX

The EURUSD whipped around yesterday, closing the day modestly lower after the FOMC kept rates unchanged. The USDJPY also traded higher and lower, and true to the pattern, the GBPUSD also was up and down volatile as the market concluded the FOMC is steady for now. Today, the USD is mixed in those three major currency pairs with the EURUSD and GBPUSD lower modestly (higher USD). The USDJPY is lower (lower USD).The ECB will announce its rate decision at 8:15. The central bank is expected to cut rates by 25 basis points to 2.9% from 3.15%. The press conference with…

EUR/USD drops slightly below 1.0400 as the ECB’s policy meeting looms large. The ECB is expected to cut interest rates by 25 bps and deliver a dovish guidance. The Fed kept interest rates steady in the range of 4.25%-4.50% on Wednesday. EUR/USD slides slightly below 1.0400 in Thursday’s European session as investors focus on the European Central Bank’s (ECB) monetary policy decision, which will be announced at 13:15 GMT. The ECB is widely anticipated to cut its Deposit Facility Rate by 25 basis points (bps) to 2.75%, with the Main Refinancing Operations Rate sliding to 2.9%, and leave the door open for…

Murphy Oil press release (NYSE:MUR): Q4 Non-GAAP EPS of $0.35 misses by $0.22. Revenue of $670.96M (-20.5% Y/Y) misses by $63.31M. FULL YEAR 2025 GUIDANCE Total net production (BOEPD) – excluding NCI 2 174,500 to 182,500 Capital expenditures – excluding NCI ($ millions) 3 $1,135 to $1,285 Source link

Seven & i founding family seeks investment from Thailand's Charoen Pokphand, NHK says Source link

Prior 99.5; revised to 99.6 This article was written by Justin Low at www.forexlive.com. Source link

Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Thursday, the central bank “will raise rates if economy and prices move in line with forecast. Additional comments BoJ continues to support economy with accommodative monetary environment. Still some distance for Japan to enter world of positive real interest rate. When shock hits the economy or various deflationary factors remain, it might be necessary to keep real rates in negative territory. If shocks, deflationary factors disappear, it’s not normal for real rates to remain clearly negative for a prolonged period. Level of real interest rate that is neutral to economy…

Shutterstock raises dividend by 10% to $0.33 Source link

Toyota sells 10.8 million vehicles in 2024 to remain world's top-selling automaker Source link

Although investors were biting their nails ahead of the January FOMC decision, that didn’t stop asset classes and major currencies from chalking up notable moves ahead of the top-tier event. Here’s how markets fared. Headlines: Australia Q4 2024 CPI: 0.2% q/q (0.3% forecast, 0.2% previous); Headline CPI at 2.5% y/y (2.5% expected, 2.3% previous); Trimmed mean CPI at 0.5% q/q (0.6% forecast, 0.8% previous) Japanese consumer confidence index in January: 35.2 (36.6 forecast, 36.2 previous) In his Senate confirmation hearing, Trump’s Commerce Secretary pick Howard Lutnick said that higher tariffs on Canada and Mexico are not a done deal American…

As expected in our BOC Event Guide, The Bank of Canada cut interest rates by 25 basis points to 3.0%, marking the sixth consecutive rate cut since June 2024. The central bank also officially ended its quantitative tightening program while warning about significant risks from potential U.S. trade tariffs. Alongside the rate cut, the BOC announced plans to restart asset purchases in March, beginning with C$2-5 billion in term repo operations. Treasury bill purchases are also set to resume later this year as part of balance sheet normalization. Link to official BOC January monetary policy statement Growth & Labor Market…