Author: Robert Jessi

US President Donald Trump said on Friday that he would not use a nuclear bomb in Iran and does not see his country deploying ground troops in the Islamic Republic, Reuters reported. Trump added that he spoke with Russia and China about nuclear disarmament.Key quotes Wouldn’t employ nuclear weapons on Iran. Talking to Russia, China on nuclear disarmament. No plans to deploy troops on ground in Iran. Market reactionAt the time of writing, the West Texas Intermediate (WTI) is up 2.08% on the day at $96.03. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI…

Well, today’s markets certainly aren’t following yesterday’s script. The dollar bulls have pushed through several important technical barriers, including resistance levels on the weekly chart that had previously kept buyers in check. Meanwhile, gold is moving in the opposite direction, challenging the foundations of its recent bullish setup. At first glance, the message seems straightforward: dollar bulls are gaining strength while gold bears are taking control. But here’s the interesting part. The dollar is approaching an important resistance area on the monthly chart, while gold is testing a weekly support zone that could still play a crucial role in the…

The Canadian dollar strengthened against its U.S. counterpart on Thursday as the greenback retreated from an 18-month high, although a sharper-than-expected surge in U.S. producer prices raised concerns about persistent inflation and the possibility of further monetary tightening by the Federal Reserve. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month’s list » The U.S. dollar was last down 0.29% against the Canadian dollar at C$1.4197 around 8:24 a.m. ET, after trading between C$1.4195 and C$1.4241. A decline in the USD/CAD exchange rate indicates a…

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. …

The TD Aeroplan Visa Platinum, TD Aeroplan Visa Infinite, TD Aeroplan Visa Business and TD Aeroplan Visa Infinite Privilege cards will see cushier benefits starting January 12. New perks applying to all the credit cards include 15% off points needed to Air Canada flight rewards and a free fourth night/day on any hotels or cars booked using points. The three higher-tier cards also get an annual AC travel credit called the Air Canada Flight Benefit. With the exception of the Visa Platinum, all cards will undergo a fee increase on January 25.  According to TD, earn rates and existing annual…

360 ONE Q2 FY27 slides: ARR growth accelerates despite profit slip

The Bank of Canada is expected to resume raising interest rates, but the timing and extent of the ne PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscription? Sign in

USD A post-CPI dollar surge proved short-lived yesterday. Granted, September inflation was hotter than expected, with core up 0.3% MoM for a second month, taking annual core price growth to 2.6% YoY, and headline to 3.7% as fuel costs jumped again. But despite this, odds of an October hike remain subdued, having slipped back from north of 50% shortly after the data landed to around 28% this morning, only slightly above pre-release levels. Arguably, pushback from FOMC speakers helped to keep yields contained, but these moves also seem to have wrong-footed markets, with a sharp equity selloff also driving haven…

Gold is building on the previous rebound from one-week lows of $4,073, accelerating its recovery momentum beyond $4,100 in Asia on Thursday. The upswing is likely to continue ahead of the US Retail Sales and Producer Price Index (PPI) data.Bloomberg’s China report rescues Gold buyersEarly Thursday, Gold has entirely reversed steep losses incurred following the release of hot US Consumer Price Index (CPI) report on Wednesday.The US Labor Department’s Bureau of Labor Statistics said ​on Wednesday that annual core CPI rose 2.6% last month after climbing 2.4% in August, above market forecasts of +2.5%. Core CPI inflation steadied at 0.3% over the…

USD/CAD Outlook: Weak Jobs Challenge the Case for Canadian Rate Rises JP Morgan analysts doubt the Canadian economy can sustain the rate rises investors expect, leaving the CAD Dollar vulnerable to further USD strength. Canada’s weak jobs market is making an ambitious path of interest-rate increases harder to justify, according to JPMorgan’s trading desk, as the US Dollar returns towards C$1.43. Before Wednesday’s US inflation release, the bank estimated that currency markets were anticipating roughly four Bank of Canada hikes over the following 12 months. The desk says: “We remain bearish on the Canadian economy amid headwinds from the re-categorisation…