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FirstEnergy raises quarterly dividend to $0.425

March 22, 2024 8:40 am
FirstEnergy Corp (NYSE: FE) said this week its Board of Directors had authorized a quarterly dividend of $0.425 per share of outstanding common stock. The latter represents an increase of about 4% compared to the prior dividend payment. The dividend will be paid on June 1st to shareholders of record as of the close of […] Read more

Commercial Metals raises cash dividend to $0.18

March 21, 2024 10:59 am
Commercial Metals Company (NYSE: CMC) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.18 per share of common stock. The latter represents an increase of 13% compared to the prior dividend payment. The dividend will be paid on April 10th to shareholders of record as of the […] Read more

Spot Gold scales fresh record high as Fed flags 3 rate cuts

March 21, 2024 7:51 am
Spot Gold registered a fresh all-time high of $2,222.91 per oz. on Thursday, as the US Dollar and Treasury yields edged lower after the Federal Reserve signaled three rate cuts before year-end. The Fed left its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the fifth straight policy meeting […] Read more

NZD/USD trades near 17-week low ahead of Fed decision

March 20, 2024 11:28 am
The NZD/USD currency pair hovered just above a fresh 17-week low of 0.6024 on Wednesday ahead of the outcome of the Federal Reserve’s policy meeting. The Fed is widely expected to leave its federal funds rate target range without change at a 23-year high of 5.25%-5.50% for the fifth straight policy meeting in March. Federal […] Read more

GBP/USD trades near 2-week low with Fed, BoE decisions in sight

March 20, 2024 9:59 am
The GBP/USD currency pair hovered just above recent two-week low of 1.2667 on Wednesday, as market players awaited the outcome of the Federal Reserve and the Bank of England policy meetings. Traders were also mulling the latest inflation figures that were reported by the United Kingdom. Earlier today, the ONS data showed UK’s annual inflation […] Read more

GBP/JPY scales 8 1/2-year peak after BoJ as UK inflation slows

March 20, 2024 8:10 am
The GBP/JPY currency pair extended the gains from the past six trading days on Wednesday, while scaling an 8 1/2-year peak of 192.854, as investors bet Japan would keep its accommodative monetary settings even after the BoJ’s decision to move away from negative interest rates. Yesterday the GBP/JPY pair surged more than 1% after the […] Read more

CAD/JPY scales 3-week peak as BoJ abandons negative rates

March 19, 2024 11:07 am
The CAD/JPY currency pair registered a fresh three-week high on Tuesday, after the Bank of Japan put an end to an eight-year period of negative interest rates and ahead of Canada’s CPI report. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market expectations. It has […] Read more

AUD/JPY gains as BoJ puts an end to negative rates

March 19, 2024 9:20 am
The AUD/JPY currency pair registered modest gains on Tuesday in the wake of central bank policy decisions in Japan and Australia. The Bank of Japan put an end to an eight-year period of negative interest rates. The BoJ raised its short-term interest rate to 0%-0.1% from -0.1% at its March meeting, in line with market […] Read more

AUD/CAD slips to 2-week low as RBA keeps rates on hold

March 19, 2024 8:00 am
The AUD/CAD currency pair registered a fresh two-week low on Tuesday, after the Reserve Bank of Australia kept its cash rate unchanged at a 12-year high of 4.35% at its March meeting, as largely expected. The policy decision came amid indications that Australia’s economic growth has slowed after 425 basis points of interest rate hikes […] Read more