Author: Robert Jessi

fell to 1.3431 on August 3, down 0.38%, and has held beneath $1.35 through Tuesday. Over the past month the pound has strengthened just 0.29% against the dollar. Over twelve months the gain measures 1.00%. Those are the numbers of a currency that has gone nowhere while producing a great deal of intraday movement. The compression is the defining technical feature. As of August 4 the pair sits near its 8-day exponential average, near its 21-day, near its 50-day and near its 100-day — four separate trend measures converging on the same handful of pips. That configuration removes every directional…

Analysts at Scotiabank expect renewed pressure on USD/CAD after its July decline, with a break below 1.4000 opening the way towards 1.3981 and the upper 1.39s. The US Dollar to Canadian Dollar exchange rate ended July near 1.4015 after falling 1.36% over the month. USD/CAD opened July around 1.4208 and reached a monthly high close to 1.4239 before retreating to a low near 1.3992. The pair remains 2.1% higher for 2026, having traded between approximately 1.3482 and 1.4248 since the start of the year. Scotiabank says the Canadian Dollar has benefited from the broader deterioration in US Dollar sentiment following…

Analysts at Scotiabank expect renewed pressure on USD/CAD after its July decline, with a break below 1.4000 opening the way towards 1.3981 and the upper 1.39s. The US Dollar to Canadian Dollar exchange rate ended July near 1.4015 after falling 1.36% over the month. USD/CAD opened July around 1.4208 and reached a monthly high close to 1.4239 before retreating to a low near 1.3992. The pair remains 2.1% higher for 2026, having traded between approximately 1.3482 and 1.4248 since the start of the year. Scotiabank says the Canadian Dollar has benefited from the broader deterioration in US Dollar sentiment following…

The Canada Education Savings Grant (CESG) contributes a 20% match of a family’s annual savings contribution to their children’s RESP, and the Canada Learning Bond (CLB) provides up to $2,000 to assist eligible families beginning to save for their children’s post-secondary education. The government deposits both types of grants into a registered education savings plan (RESP), where the savings grow tax-free. We’ll explain how these grants work, how much the government contributes, and who qualifies for RESP grants in Canada. How do RESP grants work? An RESP grant is a government contribution to an eligible education savings plan to encourage…

Earnings call transcript: HSBC beats Q2 2026 estimates as buybacks resume

HSBC strategists discuss the US Dollar (USD) reaction to the July Federal Open Market Committee (FOMC) meeting, where the Federal Reserve (Fed) kept rates at 3.50-3.75% despite some dissent for a hike. They highlight a dovish market interpretation of Chair Warsh’s comments but maintains a constructive USD outlook, expecting the US Dollar (USD) to grind higher on resilient United States (US) economic activity and widening interest rate differentials.Fed hold but Dollar outlook firm”The Federal Open Market Committee (FOMC) kept the policy rate unchanged at 3.50-3.75% at its 28-29 July meeting. While this was in line with the near-unanimous economist consensus,…

Gold is attempting a tepid bounce around $4,050 in Asian trading on Tuesday, stalling a two-day decline amid looming US-Iran risks, as markets brace for a slew of US jobs reports due later this week. US JOLTS Job Openings Survey is in focus on Tuesday.Gold to keep its range play intactGold buyers lack conviction despite the renewed uptick, as a gradual recovery in the US Dollar (USD) continues to limit the USD-denominated bright metal.The Greenback sustains its overnight rebound from weekly troughs, following renewed tensions between the United States (US) and Iran and strong US ISM Manufacturing PMI data.President Donald Trump…

Analysts at Scotiabank expect renewed pressure on USD/CAD after its July decline, with a break below 1.4000 opening the way towards 1.3981 and the upper 1.39s. The US Dollar to Canadian Dollar exchange rate ended July near 1.4015 after falling 1.36% over the month. USD/CAD opened July around 1.4208 and reached a monthly high close to 1.4239 before retreating to a low near 1.3992. The pair remains 2.1% higher for 2026, having traded between approximately 1.3482 and 1.4248 since the start of the year. Scotiabank says the Canadian Dollar has benefited from the broader deterioration in US Dollar sentiment following…

For decades, the Canadian dollar moved in lockstep with oil – a natural relationship for a major energy exporter. But the current surge in oil prices driven by the U.S.–Iran conflict has provided no …

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