Author: Robert Jessi

The Australian Dollar (AUD) has started the new trading week on the back foot, prompting AUD/USD to partially give away Friday’s advance, revisiting at the same time the boundaries of the 0.7000 contention zone.The pair’s resumption of the selling interest has followed the US Dollar’s firm price action, underpinned by the widespread caution among investors ahead of key data releases as well as the Federal Reserve’s (Fed) interest rate decision later in the week.Looking at the broader picture, spot continues to trade just below its 200-day SMA near 0.7050, keeping the bearish outlook well in place for now. However, the…

USD/CAD gains ground for the second successive day, trading around 1.4020 during Asian hours on Tuesday. The pair rises as the US Dollar (USD) continues to gain ground, driven by market caution ahead of interest rate decisions by the US Federal Reserve (Fed) and the Bank of Canada (BoC) due Wednesday.Financial markets expect the Federal Reserve to keep interest rates unchanged at its upcoming October meeting before potentially hiking rates again in December. According to the CME FedWatch Tool, market pricing currently reflects an 89.5% probability of a rate pause at the October policy meeting, alongside an 82.3% chance of…

USD The dollar clawed back some ground on Friday, with the closing 0.2% higher around 101.8 after flash PMIs painted a hot picture of the US economy, seeing manufacturing at 56.0, its highest in over four years, and selling-price inflation at its strongest since August 2022. In response, recouped 5bp to 5.00%, reversing part of Thursday’s 17bp plunge, and the fell 0.5%. Starting the new week, oil has eased 1-2% in Asia, leaving the dollar a touch softer. Meanwhile, Lula’s narrow Brazilian win, which Flávio Bolsonaro refuses to recognise, comes as a major surprise, and should hit the hard. With…

Still, the responsibility of opening your own brokerage account and populating it with ETFs that will help you reach your goals can be daunting. There are more than 2,000 ETFs trading in Canada and thousands more around the world. How do you know if you’ve picked the right ones? Will they work together to strike the right balance between acceptable risk and decent returns? And how will you know when it’s time to make changes? Fortunately, there is a solution to this decision paralysis: the asset allocation or all-in-one ETF. These are ETFs designed to offer a broadly diversified portfolio…

EQT to buy Range Resources in $13 billion deal to create top US gas producer

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…

FX markets face a busy week full of central bank meetings, data releases and politics. With energy prices firm and expectations growing that the US and Israel will launch another attack on Iran, we expect central banks to stay hawkish. This should keep the dollar supported on dips. Expect Brazilian assets to sell off today on President Lula’s surprise win USD: Geopolitical Environment Remains Dollar Positive The dollar is starting a busy week relatively supported. It is a week that includes key events such as Wednesday’s FOMC meeting, third-quarter earnings from big tech companies and geopolitical events, including tomorrow’s elections…

Deutsche Bank economists Sanjay Raja and Maui Brennan assess UK Autumn Budget leaks suggesting Chancellor Healey will deploy Public Financial Institutions (PuFins) more aggressively than assumed. FT and Times reporting point to GBP 20.4bn of additional investment via the National Wealth Fund and British Business Bank, backloaded from 2028/29, lifting cash borrowing and reducing perceived negative tail risks around the Budget.PuFins expansion and borrowing impact”For context, our baseline assumption was that the Chancellor would tap into the fiscal rule flexibilities, using financial transactions via public financial institutions (the so-called PuFins), to boost investment spending via a two-stage approach: a GBP…

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…

Ahead of Canada’s retaliatory tariffs on U.S. goods, Trump took to social media to say that the currency exchange rate between the countries is ‘unacceptable’.