Author: Robert Jessi

The Aussie Dollar’s recovery appears to have met some resistance just above the 0.7000 threshold against the US Dollar so far. Indeed, AUD/USD still struggles to surpass that mark in a convincing fashion, while the constructive outlook appears unchanged above its critical 200-day SMA near 0.6890. Looking at the broader picture, the RBA’s cautious stance and still sticky domestic inflation are also expected to underpin the Aussie in case of occasional bouts of weakness.The Australian Dollar (AUD) builds on Monday’s optimism, keeping AUD/USD close to the key 0.7000 region on Tuesday.In the meantime, the pair seems to ignore the persistent…

The Pound to Canadian Dollar (GBP/CAD) exchange rate edged slightly higher on Monday as softer Canadian inflation weighed on the ‘Loonie’, although gains for Sterling were capped as investors awaited more policy detail from Prime Minister Andy Burnham. At the time of writing, GBP/CAD was trading at CA$1.8875, up around 0.1% on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.886772 (+0.02%)Euro to Canadian Dollar (EUR/CAD): 1.604233 (+0.04%)Dollar to Canadian Dollar (USD/CAD): 1.40557 (+0.25%) DAILY RECAP: The Pound (GBP) struggled to find momentum on Monday as markets reacted cautiously to Andy Burnham’s first address after taking office as…

The Pound to Canadian Dollar (GBP/CAD) exchange rate edged slightly higher on Monday as softer Canadian inflation weighed on the ‘Loonie’, although gains for Sterling were capped as investors awaited more policy detail from Prime Minister Andy Burnham. At the time of writing, GBP/CAD was trading at CA$1.8875, up around 0.1% on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.886772 (+0.02%)Euro to Canadian Dollar (EUR/CAD): 1.604233 (+0.04%)Dollar to Canadian Dollar (USD/CAD): 1.40557 (+0.25%) DAILY RECAP: The Pound (GBP) struggled to find momentum on Monday as markets reacted cautiously to Andy Burnham’s first address after taking office as…

Investing.com — British retailer Frasers () said Tuesday it increased its stake in Hugo Boss () to about 30.28%, passing a threshold that requires a mandatory takeover bid under German regulations. The company purchased an additional 2.55 million shares in the German fashion house, bringing its holdings above the 30% limit. Frasers previously owned a 26.06% stake in Hugo Boss, making it the company’s largest shareholder. Frasers proposed in June to acquire Hugo Boss for €38 per share, valuing the deal at roughly €2 billion, or $2.28 billion. The German company advised its shareholders to reject the proposal, calling it…

United Overseas Bank’s (UOB) Quek Ser Leang sees EUR/USD retaining a mild downside bias after slipping below a prior strong support at 1.1405. Intraday losses are expected to be limited to tests of 1.1390, with resistance at 1.1430–1.1445. Over the coming weeks, the pair is now viewed as range-trading between 1.1360 and 1.1465, with 1.1210 the next target if key supports fail.Euro-Dollar shifts back into range trading”24-HOUR VIEW: While we indicated yesterday that EUR “could edge lower,” we held the view that “any decline is likely to be contained within a 1.1405/1.1450 range.” EUR subsequently rose to 1.1449, dipped to…

The GBP/USD pair holds positive ground near 1.3450 during the early European trading hours on Tuesday. The British Pound (GBP) strengthens against the US Dollar (USD) following the UK employment report. Attention will shift to the UK Consumer Price Index (CPI) inflation data, which is due later on Wednesday. Data released by the Office for National Statistics (ONS) on Tuesday showed that the UK ILO Unemployment Rate remained steady at 4.9% in the three months to May. This figure came in below the market consensus of 5.0%.Meanwhile, the number of people claiming unemployment benefits increased by 6.7K in June, versus a revised increase…

From nypost.com | 5 hr ago | 16 comments President Trump slapped a mammoth 50% tariff on certain Canadian goods — a move meant to combat what the administration described as the country’s “continuous discrimination” on American products. The new tax will apply to a range of imports, including wine, hockey sticks, and cement and goes into effect in 30 days, but the administration indicated in a …

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded lower last week as UK political developments drove volatility while rising oil prices supported the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8861, down around 0.5% on the week. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.88631 (-0.31%)Euro to Canadian Dollar (EUR/CAD): 1.60365 (-0.20%)Dollar to Canadian Dollar (USD/CAD): 1.40207 (-0.14%) DAILY RECAP: The Pound (GBP) had a quiet start to the week as a sparse UK economic calendar left Sterling lacking fresh direction, opening it up to losses against stronger rivals. Comments from Bank of…

Microsoft pinned at 200MA as momentum fades: Live levels

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…