Author: Robert Jessi

Gold (XAU/USD) has staged a dramatic rebound, surging over 4% on Wednesday to move within striking distance of the $4,300/oz threshold. This rally is being propelled by growing optimism surrounding a potential US-Iran agreement, which has driven crude oil prices lower and significantly tempered market expectations for near-term Federal Reserve (Fed) interest rate hikes. As US Treasury yields and the Greenback ease, bullion is benefiting from a favorable combination of disinflationary energy trends, technical short-covering, and persistent central bank buying.Gold daily chartInstitutional Analysis: ING vs. OCBCTo evaluate the primary catalysts and technical boundaries driving Gold’s upward breakout, we highlight the…

USD The greenback ground lower again on Wednesday, with the slipping around 0.2% to near 99.7. The data offered little support, delivering a distinctly stagflationary mix. ADP employment rose just 44k against 65k expected, and while the ISM services index held at 54.1, its employment gauge slid into contraction at 47.4 even as prices paid climbed to 70.3. Granted, FOMC hawks have pushed back against the soft jobs signal, with Governor Cook warning she is prepared to act on a hike absent renewed disinflation, but September hike odds continue to retreat, weighing on the dollar at the margin. On the…

Analysts at Bank of America expect USD/CAD to rise towards 1.44 in September as further Fed rate hikes support the Dollar, before the pair retreats through 2027. The US Dollar to Canadian Dollar exchange rate slipped lower on Wednesday, but currency analysts at Bank of America still see room for USD/CAD to climb towards 1.44 over the next couple of months. The pair traded around 1.4018, down 0.34% on the day. USD/CAD also fell 1.36% in July, reversing part of June’s 2.97% rise, and has spent the past month moving between roughly 1.3990 and 1.4240. BofA’s forecast is built around…

Summary:USD/CAD traded near 1.4100 on Tuesday as traders awaited the Federal Reserve’s policy decision. Falling crude oil prices continued to limit gains for the Canadian dollar despite a softer US dollar. Markets are also monitoring US-Iran negotiations, which have weighed on oil prices and the loonie’s outlook. The USD/CAD pair edged lower on Tuesday, trading around 1.4100, as investors avoided taking aggressive positions ahead of the Federal Reserve’s interest rate decision. While the US dollar softened slightly after recent gains, the Canadian dollar’s upside remained constrained by weaker crude oil prices, leaving the currency pair close to its highest levels of the…

Birks Group director Emilio Imbriglio resigns from board

Canada’s financial services sector, long characterised by stability and concentration among a handful of large banks, is undergoing a decisive digital transformation. Over the past 18 months, a confluence of regulatory reform, infrastructure modernisation and fintech innovation has begun to reshape how money moves, how data is shared and how consumers interact with financial institutions. The result is not merely incremental change, but the foundations of a more open, competitive and technology-driven system. The most significant shift has been the long-awaited arrival of consumer-driven banking, more commonly known as open banking. After years of consultation, the federal government confirmed in…

The euro trades at 1.1536 against the dollar in Wednesday’s European session, marginally higher on the day and up roughly 0.18%, with prints ranging between 1.15304 and 1.1537 depending on the venue. The pair pushed toward 1.1550 in the early European hours before settling back into the zone it has occupied for a week. Resistance was tested directly at 1.1535 to 1.1516 and held — which is the entire problem with this rally. The immediate cap is stacked and specific. The Bollinger upper band sits near 1.1550. The 100-day simple moving average sits around 1.1570. Last week’s highs are at…

XAG/USD Current price: $62.00Tepid United States data weighed on an already weak US Dollar.Hopes for a quick solution to the Middle East conflict boosted the mood.XAG/USD trades at a fresh one-month high and aims to extend its recovery.Silver flirted with $63 on Wednesday, its highest in over a month amid renewed market optimism. Investors welcomed news hinting at a soon-to-come deal between the United States (US) and Iran.XAU/USD traded as high as $62.78 early in the American session, following headlines indicating that the US Treasury lifted counter-terrorism sanctions imposed on three airlines and two aircraft linked to the Islamic Revolutionary…

Analysts at Bank of America expect USD/CAD to rise towards 1.44 in September as further Fed rate hikes support the Dollar, before the pair retreats through 2027. The US Dollar to Canadian Dollar exchange rate slipped lower on Wednesday, but currency analysts at Bank of America still see room for USD/CAD to climb towards 1.44 over the next couple of months. The pair traded around 1.4018, down 0.34% on the day. USD/CAD also fell 1.36% in July, reversing part of June’s 2.97% rise, and has spent the past month moving between roughly 1.3990 and 1.4240. BofA’s forecast is built around…

Risk sentiment turns positive – Reports that US and Iran may agree to a 60-day ceasefire – USD opened close to flat ahead of ADP employment data today USDCAD open: 1.4065, overnight range …