Author: FX
Bank of JapanMUFG sees more upside for the JPY as the BoJ continues to deliver hawkish policy signals. Deputy Governor Himino’s speech reinforced expectations of two more rate hikes this year, pushing USD/JPY lower toward 154.00.Key Points:BoJ Hawkish Signals:Himino stated that policy rates need to rise further if the BoJ’s economic outlook is realized.Emphasized that real rates remain significantly negative, even after the recent rate hike.Noted that it is “not normal” for real interest rates to stay clearly negative if deflationary shocks are resolved.Market Reaction:JPY strengthened, leading to USD/JPY falling closer to 154.00.Reinforces growing expectations that the BoJ could hike…
The Dow Jones Industrial Average treaded water near 44,800 on Thursday. Equities are tepid as markets digest recent developments and mixed earnings. US data split on Thursday, with better unemployment claims but lagging GDP growth. The Dow Jones Industrial Average (DJIA) churned on Thursday, marking in tracks around 44,700 but sticking close to the day’s opening bids. Equity markets are still digesting this week’s earnings reports from heavy-hitters like Microsoft (MSFT) and Tesla (TSLA), both of which missed the bottom line on fourth-quarter performance. Along with Microsoft and Tesla, Meta Platforms (META) was the third megacap tech company to report…
viper-zero/iStock Editorial via Getty ImagesShares of Oshkosh Corp (NYSE:OSK) were launched higher at Thursday’s open, slicing through resistances at the 50-, 100-, and 200-day moving averages on better-than-expected results for the fourth quarter and bullish guidance for FY25. Driven by revenue growth of nearly Source link
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