Author: Robert Jessi

Low US Dollar Hedge Ratios: Could Lightning Strike Twice?

Weak US NFP number gives Loonie a lift. – Quiet data day to start the week – USD nursing Friday’s losses after quiet overnight session. USDCAD open: 1.3942, overnight range 1.3933-1.3964. close 1.3942 …

USD/CAD opens the new week trading at its lowest level since early June, breaking lower on Friday following the release of a vastly divergent set of labour market data for July, continuing a trend …

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Airbus sends experts to India after flight altitude loss

The Canadian Dollar trades at its strongest against the US Dollar since the second week of June, with the rate holding just above 1.3900 into the afternoon. This is a fourth consecutive lower session and the seventh in ten, and Monday’s entire 35-pip range sits inside Friday’s, pinned to its floor. Two months of Dollar gains have gone in ten trading days.Two months, and the war took them backThe last time this rate traded here was 43 sessions ago, in the week the Strait of Hormuz shut. The whole advance the US Dollar built against the Loonie across the war…

Gold is under renewed selling pressure toward $4,300, kicking off the US inflation week on a negative note and retreating further from seven-week highs of $4,372 set last Friday.  Gold stuck between Mideast risks, easing Fed hike betsGold is on a slippery slope early Monday, as traders resort to profit-taking following the previous week’s 7% gain, while repositioning ahead of this week’s critical US Consumer Price Index (CPI) data release.The bullion rallied hard last week, with the uptrend strengthened following the US Nonfarm Payrolls report, which showed that the US economy unexpectedly lost 23,000 jobs in July, against expectations of an…

Weak US NFP number gives Loonie a lift. – Quiet data day to start the week – USD nursing Friday’s losses after quiet overnight session. USDCAD open: 1.3942, overnight range 1.3933-1.3964. close 1.3942 …

The USD/CAD pair attracts some dip-buyers at the start of a new week and recovers a part of Friday’s heavy losses to the 1.3925 area, or a nearly two-month low. Spot prices climb back above mid-1.3900s during the Asian session, though the upside potential seems limited amid a combination of diverging forces.As investors look past Friday’s disappointing US Nonfarm Payrolls (NFP) report, the US-Iran standoff keeps the geopolitical risk premium in play and acts as a tailwind for the safe-haven US Dollar (USD). Furthermore, bets that the US Federal Reserve (Fed) will raise borrowing costs by the end of this…

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