Author: Robert Jessi

The FX and broader market are not exactly clutching their pearls over the renewed US-Iran escalation. Takeaways The dollar has a geopolitical bid, but not a panic bid; smoke is supporting it mechanically, not transforming the whole FX landscape. The FOMC minutes are stale bread. The market backdrop has changed since the June dots were pencilled in, especially on energy and labour. Rates look too aggressively priced for Fed hikes unless oil re-ignites and turns the inflation story back into a live wire. Dollar longs are building on Warsh’s hawkish reputation, but if CPI softens and he sounds more balanced…

USD The dollar extended gains overnight as US-Iran tensions reinforced safe-haven demand. Higher oil prices, stronger Treasury yields, and a Fed withholding forward guidance are keeping the dollar supported. Rate markets still price further Fed tightening over the coming meetings. The FOMC minutes are the key event this week, although they may offer limited guidance under Chair Warsh’s communication blackout. Any hawkish tone would extend the dollar bid. EUR remains under pressure as the stronger dollar and higher energy prices weigh on the euro. above $76/bbl adds to euro area growth concerns while keeping inflation risks alive. Front-end EURUSD volatility…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…

Potential signal: — As I have stated previously, I’m perfectly comfortable buying this currency pair right here with a stop loss below.– I would use the 1.3840 level as a potential stop loss, and 1.42 as a potential target. The US dollar has risen again against the Canadian dollar during the trading session on Thursday, breaking above the crucial 1.39 level. Ultimately this is a market that I think continues to look toward the 1.40 level, possibly even higher than that. [geotargetedbrokercarousel] It’s worth noting that the US dollar rallied against almost everything during the trading session on Thursday, and…

Dollar at week-high after US resumes Iran strikes; RBNZ hike hoists kiwi

USD/CAD inches higher after registering minor losses in the previous day, trading around 1.4200 during the Asian hours on Wednesday. Traders are closely watching Wednesday’s release of the Federal Reserve Meeting Minutes, the first under newly appointed Chairman Kevin Warsh, for crucial clues regarding the future path of US interest rates.The USD/CAD pair advances as the US Dollar (USD) receives support from safe-haven demand amid renewed geopolitical tensions. However, the upside of the Greenback could be restrained due to cooling rate-hike expectations, a shift triggered by last week’s weaker-than-expected Nonfarm Payrolls (NFP) data. According to LSEG data, market pricing for…

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance, arguing that the current world demands more flexibility. For traders, this shift is important because less guidance means greater dependence on data and, very likely, more market volatility. For over two decades, global central banks have been using forward-looking guidance on the monetary policy outlook as a tool to support households and businesses in making decisions regarding spending…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…

But not every ETF will survive. ETF providers are businesses, and ETFs themselves are products. The goal of launching an ETF is ultimately to gather sufficient assets under management (AUM) so that the management fees generated by the fund exceed the costs of operating it.  Like any business, however, not every product launch succeeds. Sometimes investor demand fails to materialize. Sometimes competition proves too intense. And sometimes, an issuer simply decides that its resources are better allocated elsewhere. At that point, the sponsor may choose to close the fund. The desire to avoid ETF closures is one reason investors often…