Author: Robert Jessi

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…

How will adjustment in Japanese stocks impact the USD/JPY?

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 month-end signal could be messy due to today’s stock moves, so I haven’t decided whether to play. The Cable signal looks decent enough. Takeaways by Dark Side of the Boom ™ The dollar’s summer rally has lost the clean Fed tightening story that carried it. Crowded positioning has turned a modest macro rethink into a much larger squeeze. Suspected Japanese intervention accelerated the move and damaged the old buy-the-dip reflex in . remains the cleaner expression of dollar weakness, with 1.150 as the first support zone and 1.160 the next test. Month End WMR Fix signal below The Dollar…

We cannot yet say with certainty that this is the early stage of a mini yen-funded carry unwind, but when the price action starts walking like a duck, it usually pays to assume there may be feathers somewhere nearby. Takeaways  • The U.S. Treasury has reportedly told banks through the New York Fed to prepare for possible yen intervention. • That raises the prospect of coordinated U.S.–Japanese action rather than another isolated strike from Tokyo. • The immediate target is , but the larger risk sits in the vast pool of trades financed with cheap yen. • A full carry…

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 Canadian dollar dipped below 71 United States cents on Friday morning as crude oil prices underwent a correction.      The loonie was at US$0.7085 or US$1=C$1.4114 as of 8:34 a.m. CDT, compared to Thursday’s close of US$0.7101 or US$1=C$1.4083. The U.S. Dollar Index was down 0.02 of a point at 101.42.      The U.S. continued its attacks on Iran as the conflict between the two countries threatens to expand into the Red Sea. Brent crude oil lost US$2.93 at US$97.76/barrel after surpassing the US$100/barrel mark on Thursday. West Texas Intermediate dropped US$2.25 at US$89.94/barrel.      The TSX/S&P Composite Index…

Kuwait intercepts Iranian drones as Trump weighs fresh strikes

 Canadian monetary policy is currently characterized by a deliberate pause, with the Bank of Canada maintaining its policy rate at 2.25% on June 10 as it navigates a complex macroeconomic backdrop. Policymakers assess that the current stance is appropriately calibrated to balance competing forces within the economy, including a weaker growth environment evidenced by a modest contraction in GDP in the first quarter of 2026 and persistent excess supply, alongside inflation dynamics in which headline inflation has been temporarily elevated by energy prices while underlying core measures remain contained in their trend.As illustrated in Figure 1, Canadian bond markets continue…

The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995.NZD/USD Price Forecast: Technical outlookThe daily chart shows that market structure is becoming more constructive, indicating further upside in the NZD/USD pair. After surpassing the confluence of the 100- and 200-day Simple Moving Averages (SMAs) at around 0.5821/23, the pair is poised to hurdle the 0.5900 figure.Momentum has clearly shifted bullish. The Relative Strength…