Author: Robert Jessi

Braze CTO Hyman sells $282,288 of company stock

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 franc was the standout G10 performer after Treasury announced larger long-end buybacks this week. Strong fundamentals and shifting correlations suggest the move may have further to run.Treasury intervention raises questions over dollar haven status Swiss franc outperforms as safe-haven demand builds Switzerland’s balance sheet reinforces haven case technicals favour bearish bias Swiss Franc’s Haven Credentials StrengthenedThe Swiss franc’s credentials as the last true bastion of safe-haven status in the FX universe have been reinforced by events this week. On Wednesday, the franc was the best-performing G10 currency by some distance following the US Treasury’s announcement that it would double…

The Aussie Dollar finished the week with gains of over 0.82% on Friday and up more than 1.20% for the week as the US Dollar tumbled following the US Treasury Department’s announcement of a bond buyback for the long end of the curve. The AUD/USD trades at 0.7170, after rebounding near 0.7067.AUD/USD Price Forecast: Technical OutlookAUD/USD price action indicates that the uptrend resumed after the pair reclaimed the 100-day Simple Moving Average (SMA) at 0.7969. In addition, a breakout above the June 4 daily high of 0.7149 opened the door for further gains.The Relative Strength Index (RSI) indicates bullish momentum.…

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…

After a relentless unwind since early July, USD/CAD is showing signs that the bearish move may be losing momentum. A bullish reversal signal has emerged around a major support zone, just as a looming …

Though a couple of the changes may irk cardholders (one of the cards’ annual fee will go up by $21), the benefits are getting a serious facelift that’ll be a net positive to most. Starting later this year, RBC Cash Back Preferred World Elite Mastercard and RBC Cash Back Mastercard cardholders will have new ways to earn cash back, with more flexible redemption and no spend cap on earning cash back, among other things. At a glance, you can expect the following changes: RBC Cash Back Preferred World Elite Mastercard Changes to the RBC Cash Back Preferred World Elite® Mastercard®…

Litecoin Climbs 10.15% In Rally

Several members of the Federal Reserve favored raising interest rates at the central bank’s policy meeting last month, even as most supported holding rates steady, according to minutes from the meeting released Wednesday. Those who favored raising rates noted that price pressures appeared broad-based and thought rates should be higher to restrict the economy and bring down inflation. Three voting members of the Fed — Cleveland Fed president Beth Hammack, Dallas Fed president Lorie Logan, and Minneapolis Fed president Neel Kashkari — dissented, preferring to raise rates by a quarter percentage point. Since the meeting, other officials have spoken, including…

DBS economists Taimur Baig and Radhika Rao expect the Bank of Korea (BoK) to raise its base rate by 25bps to 3.00% at the August meeting, alongside upgraded Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts. They highlight stronger-than-expected first-half growth, persistent core inflation and rising housing prices, but also note a hawkish hold is possible as financial conditions tighten and South Korean Won (KRW) appreciates.Rate hike with inflation concerns”We expect the Bank of Korea to raise the base rate by a further 25bps to 3.00% at this meeting, alongside an upgrade to its annual macroeconomic forecasts.””There is…