Author: Robert Jessi

Jennifer Tozser, senior wealth advisor and portfolio manager at National Bank Financial Wealth Management, joins BNN Bloomberg to discuss the markets. The Bank of Canada is unlikely to raise interest rates this week, even as the war in Iran continues to put pressure on energy prices and inflation, explains a financial analyst. Gas prices are already acting like a rate hike for Canadians, Jennifer Tozser, senior wealth advisor and portfolio manager at National Bank Financial Wealth Management told BNN Bloomberg. Weaker-than-expected job growth and uncertainty surrounding CUSMA and the housing market are key factors affecting Canada’s economic health, which Tozser…

DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026. Growth is expected to benefit from the AI-driven semiconductor sector, while Consumer Price Index (CPI) inflation is projected to overshoot target.BoK signals accelerated tightening cycle”The Bank of Korea raised the base rate to 2.75% from 2.50% at its July 16 meeting, marking the first rate hike since January 2023. The BOK maintained a hawkish stance and signaled…

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they maintain a downside bias toward 6.7600 as long as strong resistance at 6.7820 remains intact. Over 1–3 months, they see tentative upside potential if key technical resistance is broken.Short-term consolidation, medium-term downside bias”24-HOUR VIEW: After USD fell as we expected on Wednesday, we highlighted the following yesterday: “Our view was not wrong, as USD subsequently rose to 6.7781 and then fell to a low of 6.7653. Downward momentum continues to…

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 …

The EUR/USD pair has shown little progress over the last few days, seesawing around the 1.1450 mark throughout the week to finish a handful of pips below the level. Mounting tensions in the Middle East pushed investors into cautious mode despite temporary relief from macro data.

Our old friends, fear and greed, loom large here. Clearly, greed is uppermost to the extent AI is perceived as the next gold rush. If new AI IPOs result in quick doubles or more, who would not want to participate in such a wealth-creation event? Meanwhile, fear manifests in two ways. Most investors with significant allocation to stocks as an asset class naturally fear a crash in the stock market, especially after the kind of upward moves we’ve seen in the past year or two. But there is also so-called FOMO, or the fear of missing out on some hot innovation that…

Form 4 Cps Technologies For: 17 July

-weighted short-term implied volatility has continued to fall, now at 2021 levels, ignoring geopolitical and rate dynamics. The main reason could be the overall contained response to this spring’s events. Risks are definitely of a pick-up in volatility from now on, and of short-term US Dollar gains. The GBP rally has stalled; we expect more upside USD: Low Vols Carry Risks DXY-weighted one-month implied volatility has broken below the 5.50 area that marked the January, May and June lows. Excluding the Christmas 2025 dip, it is now at its lowest level since 2021. That is remarkable given the serious military…

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 …