Author: Robert Jessi

SpaceX (SPCX) has been public for two months. In that time, the equity has been 67% above its $135 offering price and more than 20% below it, and it now sits near $146, having covered an enormous distance to arrive close to where it began. Over exactly the same two months, the five bonds that funded the company’s artificial intelligence (AI) build have moved in one direction only, and every tranche now trades below par.Same company, same period, opposite verdicts. The equity cannot make up its mind. The credit has been entirely consistent, and what it says is that this…

Analysts downgrade odds for Fed rate hike in September – US PPI data in focus – US dollar opens mixed and little changed from yesterdays close. USDCAD open: 1.3939, overnight range 1.3938-1.3958 close …

US Dollar-Canadian Dollar risks remain tilted lower as Scotiabank sees fair value just below 1.40 and says a break of 1.3970/80 could extend CAD gains. The Canadian Dollar strengthened into the weekend, pulling the USD/CAD exchange rate down to around 1.3940 after another soft session for the US Dollar. The pair is now almost 1.9% below its late-July high and has fallen for four of the past five sessions. Scotiabank thinks the underlying picture has improved enough to justify a mildly stronger CAD bias. “Factors driving the CAD are leaning a little more positive, nudging our fair value estimate for…

The surgery was another $10,000. “They required a deposit that was over eight grand before they would even do the surgery,” Gilmour said. “I had to put my credit card down and they took an authorization of over $8,000 that morning. They won’t take a dog into surgery unless you pay them in advance. So if you don’t have access to a line of credit, or if you don’t have eight grand sitting in your bank account, you literally can’t do it.” Gilmour has no regrets about the costs, and Lucy has responded well since the surgery in November 2025.…

Kokusai Electric rises, Seibu Holdings falls after MSCI index reshuffle

Dollar-yen refused to break in either direction. rose to 159.3430 on August 12, up 0.03% from the previous session, after trading a range of 158.61 to 159.46 and opening at 159.29. The pair touched a one-and-a-half-week high during the Asian session with bulls looking to build beyond the mid-159.00s. The inflation data landed exactly where the market had it. Headline CPI slowed to 3.4% year-over-year with core at 2.5%, both matching consensus, per the July 2026 CPI release. The dollar weakened modestly on the print, the yen picked up toward 159.00 after finding buyers near 159.45, and the dips found…

The USD/CHF pair prolongs the weekly uptrend for the fourth consecutive day and climbs to a two-week high, around 0.8045, during the Asian session on Thursday amid a firmer US Dollar (USD). Moreover, the fundamental backdrop favors bulls and backs the case for further appreciation for spot prices.The initial market reaction to the in-line US Consumer Price Index (CPI) report, released on Wednesday, fades rather quickly amid concerns about inflation risks stemming from volatile oil prices and the US-Iran standoff. President Donald Trump again claimed that the US has total control over the Strait of Hormuz, while Iran has pledged…

Middle East tensions escalate – US inflation expected to tick lower – US dollar opens with modest gains. USDCAD open: 1.3936, overnight range 1.3918-1.3935. close 1.3925, WTI 83.07, Gold 4,415.70 The …

The Canadian dollar made a small advance on Wednesday morning.      The loonie was at US$0.7187 or US$1=C$1.3914 as of 8:37 a.m. CDT, compared to Tuesday’s close of US$0.7180 or US$1=C$1.3927. The United States Dollar Index was down 0.13 of a point at 99.70.      The American Petroleum Institute estimated U.S. crude oil inventories grew by 9.072 million barrels in the week ended Aug. 7 after analysts expected a 500,000-barrel draw. Brent crude oil dipped US$0.57 at US$88.34 per barrel. West Texas Intermediate declined US$0.43 at US$82.77/barrel.      The TSX/S&P Composite Index jumped 105.27 points at 36,581.19.      Gold rose…

Euronext wheat rebounds as Ukraine hits Russian grain terminals