Author: Robert Jessi

The Market Participants Survey results are based on questionnaire responses from about 26 financial market participants.

The euro opened the week with a bullish gap and spent the rest of the session giving it back. gapped up on the Sydney open as risk sentiment improved, ran to the 1.1410–1.1420 band through Asian and early European hours, and held near 1.1406 into the London afternoon against Friday’s 1.1369 close. By the second half of the day the pair had lost its bullish momentum and slipped back below 1.1400, clinging to small gains rather than building on them. That is the fourth asset Monday to trace the identical shape. The S&P 500 opened up 0.85% on futures and…

First Financial Bankshares director Nickles buys $24,423 in stock

traded at 163.571 on Monday, down 0.13% from Friday’s close near 163.78, after the pair printed a fresh forty-year low for the yen at 163.99 in the prior session. Friday’s settle was quoted at 163.747. Over the past month the yen has weakened 1.01%. Over twelve months it is down 10.17%. Those are the anchor numbers, and the distance between them and the record matters: 42 pips. The yen is not recovering. It is consolidating within touching distance of a level it has not seen since the mid-1980s. What makes Monday remarkable is the company the yen kept. The dollar…

XAU/USD Current price: $ 4,082A pause in Middle East tit-for-tat attacks pushed Oil prices lower.The macroeconomic calendar features central banks’ decisions this week. XAU/USD is neutral in the near term, still struggling to run past $4,100. Spot Gold gapped higher at the beginning of the new week, as a pause in Middle East hostilities underpinned the mood and weighed on the US Dollar (USD). The XAU/USD pair traded as high as $4,116.20 during Asian trading hours, following a pause in strikes between Iran and the United States (US). News brought relief, despite traffic through the Strait of Hormuz remaining restrained,…

USD/CAD trades around 1.4095 on Friday at the time of writing, up a modest 0.06% as the US Dollar (USD) retains a slight advantage following the release of solid US economic data, while the Canadian Dollar (CAD) remains pressured by weak domestic indicators and softer Oil prices.The United States (US) S&P Global Composite Purchasing Managers Index (PMI) rose to 53.6 in July from 51.9 in June, signaling an acceleration in private sector activity. The Services PMI improved to 53.6, while the Manufacturing PMI eased slightly to 53.8 from 53.9. According to Chris Williamson, Chief Business Economist at S&P Global Market…

The Bank of Canada today published its 2027 schedule for policy interest rate announcements and the release of the quarterly Monetary Policy Report. It also reconfirmed the scheduled interest rate announcement dates for the remainder of this year. In addition, the Bank published its schedule for the release of the Business Outlook Survey and the Canadian Survey of Consumer Expectations, and the Financial Stability Report. The scheduled dates for the interest rate announcements for 2027 are as follows: Wednesday, January 27 Wednesday, March 3 Wednesday, April 28 Wednesday, June 2 Wednesday, July 21 Wednesday, September 8 Wednesday, October 27 …

Summary:USD/CAD held near 1.4100 after extending its recovery, with traders watching the key 1.4115 resistance level. Safe-haven demand for the US dollar continues to outweigh support for the Canadian dollar from higher crude oil prices. A break above 1.4115 could strengthen bullish momentum, while oil prices and US economic data remain the next major catalysts. The USD/CAD exchange rate traded around 1.4101 on Tuesday after recovering steadily over the past several sessions, as renewed demand for the US dollar continued to offset the Canadian dollar’s traditional support from rising crude oil prices. The pair has advanced despite Brent crude remaining above $90…

SOUTH SAN FRANCISCO – IDEAYA Biosciences () announced today the initiation of Part 2 monotherapy expansion in its Phase 1/2 clinical trial evaluating IDE892, a PRMT5 inhibitor, in MTAP-deleted solid tumors, focusing on non-small cell lung cancer and pancreatic ductal adenocarcinoma. The company stated that the expansion was initiated at projected efficacious target human exposures where 24-hour target EC90 coverage has been achieved. The maximum tolerated dose has not yet been reached in the ongoing dose escalation, according to the press release statement. IDE892 demonstrates 1,400-fold selective MTA-PRMT5 cooperative binding versus SAM-PRMT5 cooperative binding. The drug has a CYP3A4 IC50…

OCBC’s Sim Moh Siong and Christopher Wong highlight that markets have repriced the risk of a July Fed hike higher after Oil-driven inflation worries, but still expect no move. A hawkish hold would keep the US Dollar (USD) supported by pushing tightening expectations further out, while a poorly explained pause could hurt Fed credibility, lift inflation breakevens and weigh on the Dollar over the coming months.Hawkish hold would underpin Dollar”The probability of a July Fed rate hike fell to just 10% following benign US inflation data but has since rebounded to 35% as higher oil prices reignited inflation concerns.””In short,…