Author: Robert Jessi

The Eurozone is seen edging up to around 52.0, while is expected to slip slightly to 51.5 – what could it do to ?EUR/USD, Eurozone PMI Key TakeawaysFor this month, the Eurozone Manufacturing PMI is seen edging up to around 52.0, while Services PMI is expected to slip slightly to 51.5. For the euro, the most supportive outcome would be a composite PMI holding comfortably above 50 alongside softer price pressures. EUR/USD is showing a “gravestone doji” on the daily chart, hinting at a market reversal from bullish to bearish sentiment The Eurozone’s August flash PMI surveys are due tomorrow,…

The US Dollar to Canadian Dollar (USD/CAD) exchange rate faces a 1.3700–1.3850 five-day trading range in National Bank of Canada’s latest tactical outlook. TD Economics adds a CAD-supportive trade-relief argument, although contained inflation points to a patient Bank of Canada. National Bank has projected a session range of 1.3720–1.3780. Its separate 1.3790 figure was the report’s Bloomberg market-close snapshot, not the starting point of the forward-looking daily band. National Bank linked pressure on the US currency to renewed turmoil in long-dated Treasury markets. Higher inflation and federal-debt concerns had pushed the 30-year yield back upwards even after plans for larger…

The USD/CAD pair declines to around 1.3790 during the early European trading hours on Thursday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) as cooling US inflation dampens aggressive US Federal Reserve (Fed) policy expectations. Traders will keep an eye on the US Initial Jobless Claims data, which will be released later in the day. Data showed last week that US Retail Sales dropped in July for the first time in nine months, following unexpected job losses last month and tame inflation figures. This, in turn, could weigh on the Greenback in the near term. Traders expect a 32.7%…

There is no shortage of people explaining the mechanics. There are specialists who can tell you how mortgages are underwritten, how investment portfolios should be structured, and what the technically correct thing to do with your money is. I have extensive experience in financial services myself, but I am not an expert in every corner of a complicated, multifaceted industry, and I don’t pretend to be. What I am interested in is what happens when all that expertise meets an actual human being. A few weeks ago, I got a message from someone who had read one of my MoneySense…

Iran lets Iraqi oil tankers pass Hormuz as Trump claims "total control"

The USD/CHF advanced on Friday, registering a modest 0.07% gain, trading at 0.8010. During the week, the pair finished with losses of over 1.49%, triggered by a drop in US yields on Wednesday, as the US Treasury tries to cap elevated yields on the 30-year bond.USD/CHF Price Forecast: Technical OutlookUSD/CHF price action shows some “sort” of consolidation, capped by the 50- and 100-day Simple Moving Averages (SMAs) at 0.8086 and 0.7976. Momentum shifted downwards as seen in the Relative Strength Index (RSI). Even though price action could’ve opened the door for a “mean reversion” trade after the sudden drop, the RSI…

The week in one sentence: Speculative positioning turned more constructive in the week to August 18. WTI recorded the largest increase, followed by a sharp narrowing in CAD net shorts. VIX and JPY positioning moved the other way, while Gold remained the clearest crowded long despite a softer spot price.WTI: Positioning rebounds with pricesSpeculative net longs in the West Texas Intermediate (WTI) increased by nearly 23K contracts to around 122.1K contracts, marking the strongest weekly rise since late July. WTI traded with decent gains over the reporting week, confirming the more constructive flow, although net positioning remains near the 13th…

The US Dollar to Canadian Dollar (USD/CAD) exchange rate faces a 1.3700–1.3850 five-day trading range in National Bank of Canada’s latest tactical outlook. TD Economics adds a CAD-supportive trade-relief argument, although contained inflation points to a patient Bank of Canada. National Bank has projected a session range of 1.3720–1.3780. Its separate 1.3790 figure was the report’s Bloomberg market-close snapshot, not the starting point of the forward-looking daily band. National Bank linked pressure on the US currency to renewed turmoil in long-dated Treasury markets. Higher inflation and federal-debt concerns had pushed the 30-year yield back upwards even after plans for larger…

The US Dollar to Canadian Dollar (USD/CAD) exchange rate faces a 1.3700–1.3850 five-day trading range in National Bank of Canada’s latest tactical outlook. TD Economics adds a CAD-supportive trade-relief argument, although contained inflation points to a patient Bank of Canada. National Bank has projected a session range of 1.3720–1.3780. Its separate 1.3790 figure was the report’s Bloomberg market-close snapshot, not the starting point of the forward-looking daily band. National Bank linked pressure on the US currency to renewed turmoil in long-dated Treasury markets. Higher inflation and federal-debt concerns had pushed the 30-year yield back upwards even after plans for larger…

The study found that 63% of consumers bought refurbished, open box, or traded-in technology. But if you look a little closer at the data, you’ll see bigger generational differences behind this push for used tech.  What’s behind the growing move toward buying used tech? Almost three-quarters of Gen Z shoppers (71%) bought recirculated technology, compared to a little over half of Boomers (55%), while Millennials and Gen X fell somewhere in between. There are several compelling reasons why Canadian consumers are becoming more open to the idea of used technology. Saving money According to Best Buy Canada, buying refurbished items…