Author: Robert Jessi

The week that wasIt was a strange week for the US Dollar (USD): while the geopolitical situation has remained largely unchanged, with the usual back-and-forth between the US, Iran, and occasional third parties, disappointing domestic data have re-emerged, reducing expectations of potential tightening by the Federal Reserve (Fed) in the next few months. And let’s not forget about the almost-omnipresent anxiety surrounding interventions in the FX galaxy to support the Japanese currency.Against that, the US Dollar (USD) saw an auspicious first half of the week, even hitting monthly highs just beyond the psychological 100.00 barrier. However, the index made a U-turn…

The Canadian dollar’s medium-term recovery will likely depend less on oil prices and more on whether the broader economic recovery can be sustained, according to Commerzbank Research in a Thursday …

With the Canadian dollar fluctuating and inflation affecting housing costs, homeowners and renters across Canada are looking for ways to save money. One of the biggest trends in Canadian real estate is budget-friendly DIY home improvement. You do not need to spend thousands of dollars on professional contractors or expensive raw materials. By embracing peel-and-stick solutions, you can completely transform your living space while keeping your hard-earned CAD in your bank account. Why Canadians Are Embracing the Peel-and-Stick DIY Revolution Massive CAD savings: Avoid paying $50 to $100 per hour for professional tile or wallpaper installers. No expensive tools required:…

US retail and food services sales are 5% higher than a year ago, which reads like a consumer in reasonable health. Nearly a quarter of that increase came from gasoline stations, where the dollars are a war tax rather than a purchase, and those receipts have now fallen two months running. Strip the pump out and the year’s growth is 4.2% against 3.4% inflation, which is a consumer standing still.The July advance estimate printed -0.6% on the month against a 0.2% consensus. That is the number the wires will carry today. It is close to the least interesting thing in…

I’ve been a freelance writer for the better part of 10 years, and admittedly am still figuring out my own financial strategy.  This past tax season, that reality hit me harder than ever. I was on the phone with my tax preparer, who asked not to be identified because his employer doesn’t allow public media commentary. After reviewing my finances and explaining how he’d arrived at the figure, he finally revealed the number I’d been waiting for: the amount I owed in federal and provincial taxes. My stomach dropped. I knew I’d owe money—that’s just part of being self-employed—but the…

Chegg director Renee Budig sells $42,146 of company stock

OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD is consolidating around 1.28 as softer United States (US) Producer Price Index (PPI) trims Federal Reserve (Fed) hike expectations but fails to trigger fresh US Dollar (USD) selling. While they still see downside risks over time, geopolitical tensions and the pair’s inability to break lower suggest the next leg down may be challenging.Range trade, geopolitics and support levels”USD/SGD remained subdued around 1.28 overnight. Softer-than-expected US PPI saw Fed hike expectations pared further and US Treasury yields eased, but the USD showed little follow-through to the downside.””Geopolitical uncertainty may be partly tempering…

Gold price registers solid gains of nearly 0.90% on Friday as the US Dollar weakens across the board, following a week that featured softer inflation data, which decreased the chances for a rate hike by the Federal Reserve (Fed). The XAU/USD trades at $4,386, still below the $4,400 threshold.XAU/USD gains as weak US data curbs September Fed hike betsThe US Dollar Index (DXY), which tracks the value of the American currency against six other currencies, is down 0.4% to 99.57, as investors trimmed Fed-hawkish bets ahead of the September meeting.US inflation data on the producer and consumer side eased in…

The Canadian dollar’s medium-term recovery will likely depend less on oil prices and more on whether the broader economic recovery can be sustained, according to Commerzbank Research in a Thursday note.Recent data suggested the recovery was already underway before the US-Iran

Danske Research Team notes that Norges Bank left its policy rate at 4.25% and kept a tightening bias despite weaker summer inflation. They still expect one final hike in September, though the odds have fallen and the decision is now finely balanced. NOK weakened after the announcement and softer Oil investment and wage data were seen as broadly neutral to slightly positive for Norges Bank.Rate path uncertain as NOK softens”In Norway, Norges Bank kept the policy rate unchanged at 4.25%, as expected. The Monetary Policy Committee maintained its tightening bias, acknowledging weaker-than-expected inflation over the summer but stressing that inflation…