Author: Robert Jessi

The Wall Street Journal reports Scott Bessent’s Yen Trade Has Unintended Consequences for the Markets The joint U.S.-Japan support of the yen is unusual. The way it is being financed is unprecedented, and adds liquidity when the punch bowl of the U.S. economy and markets is already overflowing. So far the scale is small, but Treasury Secretary Scott Bessent wants the Fed to drop its $60 billion cap on the emergency facility being used—or abused, given there’s no emergency—to lend to Japan, and pledged to do “whatever it takes” to help. Knowing the Correct Price of Things Not Attractive Reserve…

The United States Dollar Index (DXY), which tracks the Greenback against a basket of currencies, consolidates during the Asian session on Friday as traders keenly await the release of the closely-watched US monthly jobs data. In the meantime, persistent geopolitical uncertainties and bets for at least one rate hike by the US Federal Reserve (Fed) hold the index steady around the 100.00 psychological mark.In the latest developments surrounding the Middle East crisis, a Saudi official said that some Iraqi militia factions, in coordination with Yemen’s Iran-backed Houthis, are planning to attack the kingdom in the very near future. This raises…

USD/CAD extends its gains for the second successive day, trading around 1.4020 during the Asian hours on Friday. The pair continues to gain ground as the US Dollar (USD) benefits from revived safe-haven demand.Tensions in the Strait of Hormuz have unsettled global markets and cast fresh doubt over efforts to fully reopen the vital shipping route. Market participants remain highly skeptical about the corridor’s prospective opening, especially as Iran’s parliament reviews a draft agreement. The proposed draft would bar United States (US) and Israeli vessels, impose 20% cargo penalties on hostile nations, and keep the trade route restricted until the…

Summary:USD/CAD climbed toward weekly highs as falling oil prices weakened the Canadian dollar despite strong domestic trade data. Canada’s trade surplus reached a four-year high, but the positive economic data was overshadowed by the sharp decline in crude oil prices. Markets are reassessing Federal Reserve expectations, limiting gains in the US dollar after weaker-than-expected US economic data. USD/CAD rises as oil prices pressure the Canadian dollar The USD/CAD exchange rate extended its gains on Wednesday, climbing toward the 1.4080 level as another sharp decline in oil prices continued to pressure the Canadian dollar. The move came despite encouraging economic data from Canada,…

Awareness is growing, too. Six in 10 respondents (59%) correctly identified the definition of cryptocurrency, up from 54% in 2023 and 51% in 2022. More than one third (34%) were aware of stablecoins and 24% had heard of RWA tokens. The most common reason for buying crypto among investors was to diversify their investment portfolio (28%), followed by the expectation of long-term growth in asset value (27%) and as a speculative investment (26%). For those who didn’t invest in crypto, commonly cited reasons included not understanding it well enough and fear of being defrauded (both 43%), along with the asset…

Summit Hotel Q2 2026 slides: RevPAR up 5%, guidance raised

Gold (XAU/USD) has staged a dramatic rebound, surging over 4% on Wednesday to move within striking distance of the $4,300/oz threshold. This rally is being propelled by growing optimism surrounding a potential US-Iran agreement, which has driven crude oil prices lower and significantly tempered market expectations for near-term Federal Reserve (Fed) interest rate hikes. As US Treasury yields and the Greenback ease, bullion is benefiting from a favorable combination of disinflationary energy trends, technical short-covering, and persistent central bank buying.Gold daily chartInstitutional Analysis: ING vs. OCBCTo evaluate the primary catalysts and technical boundaries driving Gold’s upward breakout, we highlight the…

USD The greenback ground lower again on Wednesday, with the slipping around 0.2% to near 99.7. The data offered little support, delivering a distinctly stagflationary mix. ADP employment rose just 44k against 65k expected, and while the ISM services index held at 54.1, its employment gauge slid into contraction at 47.4 even as prices paid climbed to 70.3. Granted, FOMC hawks have pushed back against the soft jobs signal, with Governor Cook warning she is prepared to act on a hike absent renewed disinflation, but September hike odds continue to retreat, weighing on the dollar at the margin. On the…

Analysts at Bank of America expect USD/CAD to rise towards 1.44 in September as further Fed rate hikes support the Dollar, before the pair retreats through 2027. The US Dollar to Canadian Dollar exchange rate slipped lower on Wednesday, but currency analysts at Bank of America still see room for USD/CAD to climb towards 1.44 over the next couple of months. The pair traded around 1.4018, down 0.34% on the day. USD/CAD also fell 1.36% in July, reversing part of June’s 2.97% rise, and has spent the past month moving between roughly 1.3990 and 1.4240. BofA’s forecast is built around…

Summary:USD/CAD traded near 1.4100 on Tuesday as traders awaited the Federal Reserve’s policy decision. Falling crude oil prices continued to limit gains for the Canadian dollar despite a softer US dollar. Markets are also monitoring US-Iran negotiations, which have weighed on oil prices and the loonie’s outlook. The USD/CAD pair edged lower on Tuesday, trading around 1.4100, as investors avoided taking aggressive positions ahead of the Federal Reserve’s interest rate decision. While the US dollar softened slightly after recent gains, the Canadian dollar’s upside remained constrained by weaker crude oil prices, leaving the currency pair close to its highest levels of the…