Author: Robert Jessi

USD The dollar found a floor on Thursday after two days of CPI-induced losses, hovering near one-month lows, with the consolidating just above 100.7 this morning and still on course for a weekly decline. June retail sales rose 0.2% MoM as expected yesterday, albeit with the ex-autos measure contracting 0.2%. Meanwhile, jobless claims undershot forecasts and an upbeat Philly Fed rounded out the data slate, enough to stall, but not reverse, this week’s dovish repricing, seeing July 29th hike odds remain marginal, with September near a coin flip. Middle East hostilities continue to cap dollar downside, however, with near $85…

The CAD/JPY currency pair has recovered from an 18-week low of 112.96 on July 4th, achieving a four-day winning streak and surpassing 115.70. Typically, global markets see investors move away from …

Silver price (XAG/USD) is down 0.8% to near $55.00 during the early European trading session on Friday. The white metal posted a fresh Year-To-Date (YTD) low at $54.77 earlier in the day. The asset faces intense selling pressure amid fears that the global energy supply could be squeezed further, following threats from Iran that it will close the Red Sea.During the day, Iran asked Yemen’s Houthi militia to stand ready to close the Red Sea oil route if the United States (US) strikes Iranian power infrastructure, emerging as a new threat to global energy supply that is already squeezed due to…

“On a day when I hear most of our neighbours using their air conditioner, we can usually last another day or two without the air conditioner by making really active use of those passive strategies,” he said. Siegel’s strategies are just a few examples of how Canadians can reduce electricity bills, which tend to soar when summer’s sweltering heat kicks in and people look to air conditioning for comfort. To balance staying cool with tamping down on costs, experts recommend starting with steps like Siegel’s because they’re usually easy and affordable. That often means dressing in light colours because they…

Telia Q2 cash flow tops forecasts as service revenue growth hits 4-year high

USD/IDR continues its losing streak for the fourth successive day, trading around 17,990 during the Asian hours on Friday. The pair remains under pressure as the Indonesian Rupiah (IDR) strengthens, boosted by resilient investor confidence following a 27.4% year-over-year surge in Q2 foreign direct investment.Meanwhile, the government is taking proactive steps to stabilize food prices against El Niño-driven supply risks, following June headline inflation figures that climbed toward the upper bound of Bank Indonesia’s target range.The downside of the USD/IDR pair could be restrained as the US Dollar (USD) receives support from escalating developments surrounding conflicts in the Middle East.…

Gold is licking its wounds in Friday’s Asian trades, languishing close to two-week lows, as sellers stay hopeful of clinching the biggest weekly loss in six weeks.Gold: Downside risks intact as Mideast woes intensifyGold is trying hard to find a floor, but in vain, as sellers appear relentless, as the United States (US) entered its sixth day of renewed attacks on Iran on Thursday, which seems to have widened to other Gulf states, including Kuwait, Bahrain and Jordan.The US intensified its military attacks on several targets in Iran and also fired on a tanker sailing towards Kharg Island, Iran’s biggest oil export…

US continues attacks on Iran – BoC left rates unchanged, delivered upbeat outlook – USD is trading sideways awaiting US retail Sales numbers. USDCAD open: 1.4041, overnight range 1.4034-1.4054, close …

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Form 4 Cohu Inc For: 16 July