Author: Robert Jessi

Chinese vice premier raises concerns over trade restrictions with Bessent, Greer- Xinhua

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…

Japanese authorities appear to have intervened again, taking advantage of post- dollar weakness. has fallen 3.5% on reportedly heavy volumes, similar to late April. The move was well-timed, but a lasting turnaround in USD/JPY will require the Fed not hiking in September and a more hawkish Bank of Japan A Well-Timed Move It very much looks like Japanese authorities have taken advantage of a softer dollar environment to start their second FX intervention campaign of the year. Recall they sold around $73bn over the period 30 April-1 May. The move looks well-timed in that the dollar was already under pressure…

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters. Forty-two days containing a war re-escalation, the largest monthly decline in consumer prices since April 2020, a global chip rout and a top-decile move in Treasury yields produced one edit. The Committee reaffirmed its ample-reserves policy in June. In July, the policy continues.That is not laziness. It is…

The Canadian Dollar (CAD) modestly outperforms the US Dollar (USD) on Wednesday, drawing support from a rebound in Oil prices as the war in the Middle East intensifies again following a brief calm. At the time of writing, USD/CAD trades around 1.4093, trapped within a week-old range.US President Donald Trump threatened heavy military action against Iran on Wednesday following attacks on US targets in Jordan.West Texas Intermediate (WTI) trades around $83, up more than 5% on the day. Higher Oil prices typically support the Canadian Dollar due to Canada’s position as a major crude exporter.However, elevated Oil prices provide only…

Summary:USD/CAD traded near 1.4100 on Tuesday as traders awaited the Federal Reserve’s policy decision. Falling crude oil prices continued to limit gains for the Canadian dollar despite a softer US dollar. Markets are also monitoring US-Iran negotiations, which have weighed on oil prices and the loonie’s outlook. The USD/CAD pair edged lower on Tuesday, trading around 1.4100, as investors avoided taking aggressive positions ahead of the Federal Reserve’s interest rate decision. While the US dollar softened slightly after recent gains, the Canadian dollar’s upside remained constrained by weaker crude oil prices, leaving the currency pair close to its highest levels of the…

It is particularly popular among newer investors. One of the most common ideas promoted online is the so-called “dividend snowball.” You buy dividend-paying stocks, collect the distributions, reinvest those dividends into additional shares, receive even more dividends, and compound from there. There is certainly truth to the importance of reinvesting dividends. According to backtesting platform Testfolio, a $10,000 investment in the SPDR S&P 500 ETF Trust (SPY) made at the fund’s 1993 inception would have grown to approximately $310,847 by mid-July 2026 with dividends reinvested. Without reinvesting dividends, that same investment would have been worth about $175,008. That translates into…

JLL beats Q2 estimates, raises full-year guidance

Gold (XAU/USD) remains trapped in its month-old $4,000-$4,200 range as the Federal Reserve’s (Fed) new era of limited forward guidance fails to shake the precious metal out of its sideways grind after policymakers left interest rates unchanged at 3.50%-3.75%.At the time of writing, XAU/USD trades around $4,080 during European trading hours on Thursday, recovering from an intraday low of $4,022.Gold briefly pushed above $4,100 after the Fed kept rates steady, prompting traders to unwind positions built around the possibility of a surprise hike and triggering a sharp pullback in the US Dollar and front-end US Treasury yields.However, Gold struggled to…

Societe Generale strategists analyzes- the Bank of England’s (BoE) upcoming meeting, expecting Bank Rate to remain at 3.75% with some hawkish dissent. They note easing inflation expectations and a loosening labour market, but also higher energy prices and government income support. Their base case is for policy to stay on hold through 2026, while GBP/USD seasonality looks bearish in August.BoE stance and Pound seasonality”The BoE is the penultimate G10 central bank to meet before the curtain falls on July – the BoJ meets tomorrow – and like the Fed yesterday, expectations are overwhelmingly for no change in bank rate at…