Author: Robert Jessi

The EUR/USD pair trades with mild gains around 1.1620 during the early Asian session on Tuesday. The US Dollar (USD) strengthens against the Euro (EUR) despite a hawkish Jackson Hole speech from Federal Reserve (Fed) Chair Kevin Warsh. Traders will take more cues from the preliminary reading of the Eurozone August Harmonized Index of Consumer Prices (HICP), which is due later on Tuesday. Data released by the German statistics office Destatis on Monday showed that the country’s Consumer Price Index (CPI) inflation climbed to 2.9% YoY in August from 2.8% in July. This figure came in line with the market consensus and…

The Aussie Dollar keeps the trade in the upper end of its recent range following last week’s piercing of the key 0.7200 hurdle against the US Dollar. Indeed, AUD/USD has been gaining momentum since early July, mostly underpinned by the RBA’s hawkish bias, while still sticky domestic inflation continues to bring some cushion against occasional bouts of weakness.The Australian Dollar (AUD) starts the week in a positive footing, prompting AUD/USD to bounce off the mid-0.7100s and partially recoup Friday’s marked losses. The attention, thus, has now shifted back to the 0.7200 yardstick and beyond. The improved sentiment around the pair follows…

USD/CAD falls 0.24% on Monday and trades around 1.3870 at the time of writing, after reaching its highest level in more than two weeks earlier. The pair comes under pressure from both a stronger Canadian Dollar (CAD), supported by rising Oil prices, and a modest pullback in the US Dollar (USD).Oil prices advance as tensions between the United States (US) and Iran intensify. US forces struck two rocket launchers on Iran’s Larak Island in the Strait of Hormuz on Sunday, prompting Tehran to retaliate with ballistic missiles targeting two US bases in Jordan.US Treasury Secretary Scott Bessent also said that…

Gold is extending Friday’s correction into early Monday, testing the lowest level in eight days near $4,400.Gold cracks on hawkish Fed, Iran risksGold fades a temporary recovery seen in the last hours, as bears remain in control heading into the US Nonfarm Payrolls (NFP) week, despite a broad US Dollar (USD) pullback from two-week highs.The Greenback is pulling back on profit-taking after a steep rally on Friday. However, a deeper retracement looks elusive amid a revival in hawkish sentiment around a Federal Reserve (Fed) September interest rate hike and fresh US-Iran strikes.US military forces struck two Iranian launchers on Iran’s Larak…

The last announcement came in July, when the rate was held at 2.25%. It has remained unchanged since October 2025, when it came down from 2.50%. MoneySense spoke to Ratehub’s VP of Mortgage, Jamie David, about what Canadians can expect in September and how they should adapt.  What to expect from the Bank of Canada interest rate update: “The Bank of Canada is widely expected to keep its overnight rate unchanged at the September announcement, even as the trade war with the U.S. escalates,” noted David. The Consumer Price Index (CPI) rose from 2.8% to 3% in July. With that…

Raymond James initiates River City Bank stock with outperform rating

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BNY’s Wee Khoon Chong notes Oil prices are underpinned by renewed U.S.–Iran tensions near the Strait of Hormuz and President Trump’s claim of a deal granting U.S. majority control over Venezuela’s vast reserves. Chong stresses elevated energy costs, tighter global crude flows and limited detail on legal terms, suggesting uncertainty around implementation and market impact.Hormuz tensions and Venezuelan reserves”The U.S. says it has struck Iranian rocket launchers that were preparing to send mines into the Strait of Hormuz, in its first military action against Iran in more than a month. U.S. Central Command said forces are monitoring the area closely…

The Pound-Canadian Dollar could extend its recovery if the Bank of Canada turns dovish, while escalating US-Canada trade tensions remain a key risk for the Loonie. The Pound to Canadian Dollar (GBP/CAD) exchange rate rallied last week as markets were spooked by a sharp escalation in trade tensions between the US and Canada. At the time of writing, the GBP/CAD exchange rate traded at CA$1.8809. Up around 0.2% from the start of last week’s session. Latest — Exchange Rates: Pound to Canadian Dollar (GBP/CAD): 1.881686 (-0.09%) Euro to Canadian Dollar (EUR/CAD): 1.610304 (-0.24%) Dollar to Canadian Dollar (USD/CAD): 1.39034 (+0.37%)…

The GBP/USD pair edges higher at the start of a new week, reversing a part of Friday’s heavy losses to over a one-week trough. Spot prices, however, lack bullish conviction and trade below mid-1.3500s during the Asian session, warranting caution before confirming that the recent pullback from the highest level since February, touched earlier this month, has run its course.The US Dollar (USD) pauses after Friday’s strong move up to a nearly two-week high amid month-end rebalancing and acts as a tailwind for the GBP/USD pair. The British Pound (GBP), on the other hand, draws support from UK Chancellor John…