Author: Robert Jessi

The Euro (EUR) is nursing moderate losses against the British Pound (GBP) on Wednesday, as bulls failed to find acceptance above the 0.8575 resistance area on Tuesday. The pair, however, remains within the upper range of the 0.8500s with the near-term bullish bias intact, and the focus shifting towards the Bank of England’s (BoE) monetary policy meeting, due on Thursday.Rabobank’s FX strategists warn that the Pound could come under pressure as markets reassess the UK policy outlook. They argue that “the potential for disappointment over a lack of rate rises from the Bank this year, coupled with the likelihood of…

Gold is attempting a tepid bounce from six-day lows near $4,000 in Wednesday’s Asian trades, awaiting the US Federal Reserve (Fed) monetary policy outcome to determine the next major move.Gold jittery amid fresh Iran risks, ahead of FedGold is consolidating two back-to-back days of losses, with traders repositioning ahead of the Fed event risks.In doing so, Gold is trying to build on the intraday bounce, as the US Dollar (USD) holds overnight losses, following soft US Goods Trade Balance data for June and a profit-taking pullback from three-month highs.However, resumption of hostilities in the Middle East fuels a sharp 4% rebound…

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…

XAU/USD Current price: $ 4,038Oil prices continue to retreat as the pause in the Middle East extends. The Federal Reserve will announce its decision on monetary policy on Wednesday.XAU/USD bounced from near $4,000, holds depressed within familiar levels. Spot Gold approached the $4,000 threshold on Tuesday, easing for a second consecutive day after starting the week with a bullish gap. The XAU/USD pair traded as high as $4,116 on Monday, as a pause in back-and-forth attacks between the United States (US) and Iran weighed on Oil prices and the US Dollar (USD). However, the Greenback quickly recovered its bullish poise,…

Form 4 United Therapeutics Corporation For: 28 July

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…

USD The suspension of US strikes on Iran, in place since late Friday with Tehran holding fire for as long as Washington does, initially extended the dollar’s slide yesterday before the move reversed sharply through the US session. June durable goods orders rose just 0.3%, well short of the 1.8% rebound traders had looked for. But with front-end Treasury yields barely retreating despite ‘s collapse and an AI-led rout in chipmakers dragging Wall Street off its highs, the greenback closed net higher against most majors. The sits at a one-month high of 101.5 this morning, with markets pricing a 35%…

Commerzbank analysts highlight that the Monetary Authority of Singapore (MAS) unexpectedly tightened policy for a second straight meeting, slightly increasing the Singapore Dollar (SGD) Nominal Effective Exchange Rate (NEER) slope while leaving the band’s centre and width unchanged. The move signals greater concern over inflation risks despite benign data and softer energy prices. USD/SGD dipped modestly toward 1.2890 after the announcement and was around 1.2910 earlier.Surprise MAS move supports Singapore Dollar”In a surprise move, the Monetary Authority of Singapore (MAS) tightened monetary policy for the second consecutive meeting.””It increased the rate of appreciation of the SGD NEER policy band “very…

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…

The Euro (EUR) is failing to draw any significant support from the truce in the Middle East and the lower Oil prices and keeps heading south against the US Dollar (USD) on Tuesday. EUR/USD bears are testing fresh one-month lows below 1.1360, drawing near the year-to-date low of 1.1324.Market optimism about a negotiated end of the US-Iran conflict and the 12% decline in Brent Oil prices have triggered a mild appetite for risk during the European session, with European stock markets showing marginal gains following a negative session in Asia. Risk appetite, however, has not translated into a weaker US Dollar…