Bank of Japan (BoJ) former board member Makoto Sakurai said on Tuesday that the Japanese central bank will probably halt its quarterly reductions in government bond purchases starting next fiscal year, per Bloomberg.
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Bank of Japan Governor Ueda is appearing in the Japanese parliament:
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
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From July 1, the minimum wage will be increased from $24.10 per hour, to $24.94 an hour.
This article was written by Eamonn Sheridan at www.forexlive.com.
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Trump tariffs sparked court battles, appeals delays. Dollar volatility, Fed minutes, Canadian GDP surprises created intense currency market turbulence this week.
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Japanese Prime Minister Shigeru Ishiba said late Monday that he may dissolve the House of Representatives for a snap general election if the main opposition party submits a no-confidence motion, per Japan Today.
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On Monday, Austan Goolsbee, President of the Chicago Federal Reserve Bank, expressed his belief that the Fed would eventually lower short-term rates once the uncertainty surrounding tariff policies is resolved.
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Boeing (BA) stock reached another 15-month high on Monday as shares of the airplane maker hit an intraday high of $212.34. That was its highest share price since early February of 2024 and narrowly beat out last Thursday’s high.
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Japanese media cite an unnamed source for the info:
This article was written by Eamonn Sheridan at www.forexlive.com.
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OneRoyal boosted its Middle East expansion with a new
registered office in Oman, signaling a deeper push into the Gulf region’s
competitive brokerage landscape.
The newly formed entity, One Royal International SPC,
is based in Muscat, Oman’s capital. CFI Financial is the only
major player holding such a license in the Sultanate.
“OneRoyal has now officially established a registered
office in Oman. We’re excited to announce the launch of One Royal International
SPC, our newly registered office in Muscat. This marks a major step in our MENA
growth journey.”
Tapping Into Gulf Clientele
With its relatively high per capita income and a
growing pool of affluent investors, Oman fits into a broader Gulf strategy that
brokers have increasingly pursued.
While the UAE, particularly Dubai, remains a regional
hub, neighboring markets, including Kuwait, Bahrain, Qatar, and Saudi Arabia, have
drawn rising attention from firms seeking expansion.
Read more: Thailand Targets Five “Unlicensed” Crypto Exchanges, Including Bybit, OKX in Latest Crackdown
This office launch reflects OneRoyal’s wider ambitions
in the MENA region, where competition among brokers is growing as financial
literacy increases and digital trading gains popularity.
More Companies Eye Oman
In 2023, CFI Group launched its newest subsidiary, CFI
Financial L.L.C. (CFI Oman), after obtaining a regulatory license from the
Capital Markets Authority.
CFI Oman was a fourth subsidiary launched by company as
of 2023, with previous expansions into Egypt, Kuwait, and Palestine. It also
added to the company’s portfolio of licenses and entities across regions such
as the United Arab Emirates, Jordan, Lebanon, Egypt, the United Kingdom,
Cyprus, Mauritius, and more.
Samer Amireh, the CEO of CFI Oman, mentioned: “We
are thrilled to lead CFI’s expansion into the dynamic Omani market. Our
objective is to provide Omani traders and investors with a world-class trading
experience, bolstered by CFI’s reputation for excellence and innovation. We are
dedicated to offering Omani traders advanced technology, exceptional services,
and highly competitive trading conditions.”
This article was written by Jared Kirui at www.financemagnates.com.
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The British Pound (GBP) bounces back at the start of the week, advancing against the US Dollar (USD) on Monday and trimming last week’s losses. The GBP/USD pair is rebounding modestly as investors pare back US Dollar holdings amid lingering uncertainty over the global economic outlook.
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Trump yelling out policy on Iran via his own socila media app:
Oil is finding a (small) bid on this, a deal with Iran would be a negative, at the margin, on oil – supply increase argument. But Trump sticking to No Enrichment would seem to argue against any near term deal, hence oil supportive.
This article was written by Eamonn Sheridan at www.forexlive.com.
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Standard Chartered expects the euro to consolidate around the 1.14 level, supported by a stable European Central Bank policy outlook and improving German sentiment, but tempered by potential shifts back into US assets.
In a client note, the bank highlighted that the euro remains largely driven by both US dollar dynamics and domestic European macro data.
On the positive side,
However,
Technically, the argue, the pair remains well-supported above its 50-day moving average.
This article was written by Eamonn Sheridan at www.forexlive.com.
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