Author: Robert Jessi

Earnings call transcript: HSBC beats Q2 2026 estimates as buybacks resume

HSBC strategists discuss the US Dollar (USD) reaction to the July Federal Open Market Committee (FOMC) meeting, where the Federal Reserve (Fed) kept rates at 3.50-3.75% despite some dissent for a hike. They highlight a dovish market interpretation of Chair Warsh’s comments but maintains a constructive USD outlook, expecting the US Dollar (USD) to grind higher on resilient United States (US) economic activity and widening interest rate differentials.Fed hold but Dollar outlook firm”The Federal Open Market Committee (FOMC) kept the policy rate unchanged at 3.50-3.75% at its 28-29 July meeting. While this was in line with the near-unanimous economist consensus,…

Gold is attempting a tepid bounce around $4,050 in Asian trading on Tuesday, stalling a two-day decline amid looming US-Iran risks, as markets brace for a slew of US jobs reports due later this week. US JOLTS Job Openings Survey is in focus on Tuesday.Gold to keep its range play intactGold buyers lack conviction despite the renewed uptick, as a gradual recovery in the US Dollar (USD) continues to limit the USD-denominated bright metal.The Greenback sustains its overnight rebound from weekly troughs, following renewed tensions between the United States (US) and Iran and strong US ISM Manufacturing PMI data.President Donald Trump…

Analysts at Scotiabank expect renewed pressure on USD/CAD after its July decline, with a break below 1.4000 opening the way towards 1.3981 and the upper 1.39s. The US Dollar to Canadian Dollar exchange rate ended July near 1.4015 after falling 1.36% over the month. USD/CAD opened July around 1.4208 and reached a monthly high close to 1.4239 before retreating to a low near 1.3992. The pair remains 2.1% higher for 2026, having traded between approximately 1.3482 and 1.4248 since the start of the year. Scotiabank says the Canadian Dollar has benefited from the broader deterioration in US Dollar sentiment following…

For decades, the Canadian dollar moved in lockstep with oil – a natural relationship for a major energy exporter. But the current surge in oil prices driven by the U.S.–Iran conflict has provided no …

Telegram says app restored on Apple’s App Store

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…

Washington Joins the Fight for the Yen

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Tuesday and looks to build on the overnight bounce following an intraday slump to levels below mid-$77.00s. The commodity currently trades around the $79.40 region, up 0.75% for the day, though it lacks bullish conviction amid the uncertainty over the ongoing war in the Middle ‌East.In the latest developments, Iran said on Monday ​there were no talks underway with the US, and there is no plan for any meetings. This contradicted US President Donald Trump, who has cited resumption of negotiations…

Analysts at Scotiabank expect renewed pressure on USD/CAD after its July decline, with a break below 1.4000 opening the way towards 1.3981 and the upper 1.39s. The US Dollar to Canadian Dollar exchange rate ended July near 1.4015 after falling 1.36% over the month. USD/CAD opened July around 1.4208 and reached a monthly high close to 1.4239 before retreating to a low near 1.3992. The pair remains 2.1% higher for 2026, having traded between approximately 1.3482 and 1.4248 since the start of the year. Scotiabank says the Canadian Dollar has benefited from the broader deterioration in US Dollar sentiment following…