Author: Robert Jessi

traded at 1.15403 on Tuesday, down 0.03% on the session, after clearing the 1.1516 to 1.1535 resistance band during a correction that has now delivered 0.08% over seven days and 1.20% over thirty. The pair sits 4.1% below its 2026 high of 1.2023 and 1.6% above its twelve-month low of 1.1354, which places it in the lower third of a range that has contained it since March. The move above 1.1516 matters technically and means less fundamentally than the chart suggests. It was a correction inside a medium-term downtrend rather than a reversal of it, and the driver was dollar…

Gold is back on the bids and looks to regain the $4,400 level in Wednesday’s Asian trading, having found buyers near the $4,350 region. All eyes remain on the high-impact US Consumer Price Index (CPI) data, which could determine if Gold stretches higher or corrects sharply.Gold’s fate hinges on the US CPI inflation reportGold has regained its upside momentum, following a brief profit-taking pullback from the ten-week high of $4,435 reached on Tuesday.Nothing appears to have changed in the fundamental backdrop as the deadlock between the United States (US) and Iran over the talks on the reopening of the Strait of…

Summary:Robust Canadian economic data and broad U.S. dollar weakness outweighed falling crude oil prices, pushing USD/CAD down toward two-month lows Key upcoming catalysts include Wednesday’s US CPI release and new 50% US tariffs on Canadian goods effective August 19, both pivotal for direction Holding U.S. dollars carries risks from Federal Reserve rate cuts, whereas Canadian dollar exposure remains vulnerable to falling energy prices and trade friction Oil prices have fallen notably in recent weeks due to changing dynamics in the Middle East and evolving supply expectations. Despite this, the Canadian dollar has strengthened against the US dollar more than anticipated, with USD/CAD…

The ​Canadian dollar ​strengthened ‌to an eight-week high against the greenback on Friday after the release of stronger-than-expected domestic jobs data and a U.S. labour report that, by contrast, missed forecasts.The loonie was trading ⁠0.6 per cent ​higher at 1.3935 per U.S. dollar, or 71.76 U.S. cents, its strongest intraday level since June 11. The U.S. dollar index, which pits the greenback against several global currencies, was down nearly half a per cent to 99.47, reflecting the weak U.S. payrolls data. Despite the Canadian jobs beat, money markets aren’t convinced it will necessarily translate into a rate hike anytime soon.…

One of the freedoms we get to enjoy as Canadians is tax freedom, which came on June 9 this year. You are now officially working for yourself and your family, and, as we celebrate our life in Canada, there could be future tax risks and rewards just around the corner. Aside from collecting taxes, the CRA administers the government’s economic, social, and income redistribution goals. That’s complex for everyone. People are motivated to file to get their tax refunds, but even people with no income should file a tax return to collect refundable tax credits they may be eligible for. …

Venezuela and Israel agree to restore consular services

 Canadian monetary policy is currently characterized by a deliberate pause, with the Bank of Canada maintaining its policy rate at 2.25% on June 10 as it navigates a complex macroeconomic backdrop. Policymakers assess that the current stance is appropriately calibrated to balance competing forces within the economy, including a weaker growth environment evidenced by a modest contraction in GDP in the first quarter of 2026 and persistent excess supply, alongside inflation dynamics in which headline inflation has been temporarily elevated by energy prices while underlying core measures remain contained in their trend.As illustrated in Figure 1, Canadian bond markets continue…

USD/CHF trades with a positive bias on Tuesday as the US Dollar (USD) consolidates its recent gains ahead of Wednesday’s US Consumer Price Index (CPI) data. Price action has stabilized above the 50-day Simple Moving Average (SMA) following a sharp pullback from above 0.8200 in late July.At the time of writing, the pair trades around 0.8113, extending gains for a second consecutive day. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, hovers around 99.80, holding above the 100-day SMA at 99.75.USD/CHF holds a mildly positive technical tone above the 50-day…

The Dow Jones Industrial Average broke the three-session coil that had pinned it beneath its record, traded up through 54,200, and has since surrendered the entire move. The index sits just beneath 54,000, flat against yesterday’s close, on a session range of close to 370 points that has delivered no net change at all. The 53,800 area has now been tested and held three days running.The breakout ran into TehranHopes that the Strait of Hormuz would reopen faltered through the session, and the equity market surrendered its gains alongside them. Iranian officials told wires on Tuesday that an agreement with…

Summary:Robust Canadian economic data and broad U.S. dollar weakness outweighed falling crude oil prices, pushing USD/CAD down toward two-month lows Key upcoming catalysts include Wednesday’s US CPI release and new 50% US tariffs on Canadian goods effective August 19, both pivotal for direction Holding U.S. dollars carries risks from Federal Reserve rate cuts, whereas Canadian dollar exposure remains vulnerable to falling energy prices and trade friction Oil prices have fallen notably in recent weeks due to changing dynamics in the Middle East and evolving supply expectations. Despite this, the Canadian dollar has strengthened against the US dollar more than anticipated, with USD/CAD…