Author: FX
The Bank of Japan (BOJ) raised its key policy rate by 25 basis points to 0.5% on Friday, marking its first rate hike since 2008, as the central bank moves to normalize monetary policy amid improving domestic economic conditions. Key Takeaways: Tightening decision passed with an 8-1 vote, with board member Toyoaki Nakamura dissenting Policy rate now stands at highest level since 2008 BOJ signaled potential for gradual rate increases through 2025 Wage negotiations remain a key focus for future policy decisions The decision follows significant intervention in currency markets throughout the previous year, with Japanese authorities spending over 15.32…
This follows from the BOJ rate hike earlier in the day. But the kicker to that and the thing that markets are viewing as more hawkish was the strong inflation forecasts associated with the decision. Let’s see what Ueda will comment about that and the upcoming spring wage negotiations. USD/JPY is trading down 0.5% to 155.22 currently. This article was written by Justin Low at www.forexlive.com. Source link
USD attracts sellers for the second straight day amid bets for additional rate cuts by the Fed. Trump says he would rather not impose tariffs on China, triggering a fall in the US bond yields. The hawkish BoJ-inspired rally in the JPY contributes to the offered tone surrounding the buck. The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, drifts lower for the second straight day and drops to a fresh monthly low during the Asian session on Friday. The index is currently placed around the 107.80 region, down nearly 0.35% for the day, and…
Investors appeared to be biting their nails ahead of U.S. President Trump’s speech in the World Economic Forum, which delivered on major announcements and big market moves. The S&P 500 index surged to a fresh record high while WTI crude oil tumbled sharply to close nearly 2% in the red. Here are the latest headlines and how financial assets performed: Headlines: New Zealand visitor arrivals recovered 1.0% month-on-month in November after staying flat in the previous month Japan’s trade deficit narrowed from 0.39T JPY to 0.03T JPY (-0.51T JPY forecast) as exports hit record high U.K. CBI industrial order expectations…
Trading forex can feel tricky when the market moves fast after the news. The impact of forex news on currency pairs is strong, often causing big price changes. This article explains how key news affects currencies and helps traders plan better. Keep reading to learn smart trading tips! Key Takeaways Forex-news reports drive currency pair volatility. For example, strong U.S. retail sales in July 2024 caused EUR/USD to drop by 250 pips quickly. Interest-rate decisions from central banks, like the Federal Reserve, strongly affect forex markets. A September 2007 rate cut led EUR/USD to rise significantly. Major economic data…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Jan. 23, 2025 6:55 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor SlavkoSereda/iStock via Getty Images Crude oil futures turned lower Thursday to their weakest levels in two weeks after President Trump called for Saudi Arabia and OPEC to lower oil prices, implying a need to raise output. Trump told world leaders gathered in Davos that Source link
USD/CAD posts modest gains around 1.4375 in Friday’s early Asian session. Trump said he wanted the Fed to lower interest rates immediately. Canada’s Retail Sales were flat in November, weaker than expected. The USD/CAD pair trades with mild gains near 1.4375 during the early Asian session on Friday. Investors await further clarity on tariff announcements by US President Donald Trump. Later on Friday, the flash US S&P Global Manufacturing and Services Purchasing Managers Index (PMI) for January will be in the spotlight. Late Thursday, Trump said he wants the US Federal Reserve (Fed) to cut interest rates “immediately,” adding that he understands…
Lumine Group (TSXV:LMN:CA) said on Thursday that through one of its wholly-owned subsidiaries, it has entered into an agreement to acquire assets related to the Vidispine brand and business from Arvato Systems, a subsidiary of Bertelsmann SE & Co. KGaA. Source link
(Reuters) – EV maker Nikola (NASDAQ:) is exploring options including selling parts of its business or the entire company as it struggles with a cash crunch, Bloomberg News reported on Thursday. The company’s shares slumped 28% in late-afternoon trading. Possibilities under consideration also include bringing on partners or raising new funds, the report said, citing people familiar with the matter. Nikola did not immediately respond to a Reuters request for comment. Source link