Author: Robert Jessi

The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) after a weak start to the week, stabilizing near recent lows as investors focus on the Bank of Japan’s (BoJ) monetary policy decision on Friday.While the central bank is widely expected to keep its benchmark interest rate unchanged at 1.25%, market attention is increasingly shifting toward the message BoJ Governor Kazuo Ueda will deliver during his post-meeting press conference. After raising interest rates in September, the BoJ could formally acknowledge that underlying inflation is now consistent with its 2% target, marking a shift in monetary policy from pushing…

The Pound-Canadian Dollar could remain under pressure if the BoC delivers a hawkish rate hike, while the UK Budget may drive fresh Sterling volatility. The Pound to Canadian Dollar (GBP/CAD) exchange rate was placed on the defensive last week amid a spike in global oil prices. At the time of writing, the GBP/CAD exchange rate traded at CA$1.8704. Down roughly 0.7% from the start of last week’s session. Latest — Exchange Rates: Pound to Canadian Dollar (GBP/CAD): 1.873736 (-0.17%) Euro to Canadian Dollar (EUR/CAD): 1.569255 (-0.13%) Dollar to Canadian Dollar (USD/CAD): 1.40073 (+0.03%) DAILY RECAP: The Canadian dollar (CAD) enjoyed…

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Hedge funds hold one of their biggest bets against the Canadian Dollar since 2006, with traders putting a Bank of Canada hike at about 80%. They’re betting on one hike into a shrinking job market, and the central bank’s forecasts will show whether they’re right.Hedge funds have more than doubled their bet against the Loonie since mid-September, and kept adding to it in the week the odds of a Bank of Canada (BoC) rate hike went from about 30% to about 80%. Pension and mutual funds have bought back almost all of an even bigger bet against it since August,…

Strength in base metal stocks helped Canada’s main equity index rise more than 100 points in late-morning trading, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 122.97 points at 36,067.13. In New York, the Dow Jones industrial average was up 45.78 points at 52,407.36. The S&P 500 index was up 43.81 points at 7,720.58, while the Nasdaq composite was up 266.33 points at 26,435.71. The Canadian dollar traded for 71.25 cents US compared with 71.30 cents US on Monday. The December crude oil contract was down US$1.78 at US$99.98 per barrel. The December gold contract…

Form 4 Stewart Information Services Corp: Deborah Jane Matz (Director) For: 23 October

The GBP/USD pair extends the decline to around 1.3300 during the Asian trading hours on Wednesday. The British Pound (GBP) softens against the US Dollar (USD) amid cautious mood ahead of UK Budget and Federal Reserve (Fed) interest rate decision on Wednesday.UK Finance Minister John Healey is set to present his first budget later in the day, facing mounting pressure to deliver measures that can ease the cost-of-living burden on households while providing support to businesses. Nonetheless, his options are limited by high government borrowing costs and the big tax increases implemented by his predecessor, Rachel Reeves.”It’s hard to be…

The AUD/NZD cross catches aggressive bids during the Asian session on Wednesday, rallying to its highest level since March 2013 following the release of hot Australian consumer inflation figures and the Reserve Bank of New Zealand’s (RBNZ) surprise on-hold rate decision. Spot prices, however, trim a part of strong intraday gains to the 1.2600 mark and currently trade around 1.2550, up nearly 1.5% for the day.Earlier today, the New Zealand central bank unexpectedly held the official cash rate (OCR) unchanged at 2.75% in a 4–3 vote split, exerting heavy downward pressure on the New Zealand Dollar (NZD). In the accompanying…

FX markets marking time ahead of BoC and Fed rate decisions, Wednesday – Oil prices are steady but firm – US dollar trading with a small bid. USDCAD open (6:00 am): 1.4021, overnight range …

Gold (XAU/USD) is hovering near the psychological $4,000 level after suffering a correction of more than 25% from its January record near $5,600. For investors who entered the market around $4,000, the situation is becoming increasingly uncomfortable. What once appeared to be an attractive buying opportunity now looks like a critical test of confidence, with the precious metal struggling to establish a convincing recovery.The stakes extend well beyond a round number. Gold has lost much of its earlier bullish momentum, while expectations of additional interest rate increases by the United States (US) Federal Reserve (Fed) continue to challenge its appeal.Yet…