Author: Robert Jessi

In quiet FX markets, the coupon becomes the story. Takeaways • G10 FX carry is becoming relevant again as high rate dispersion meets unusually quiet volatility. • The trade is no longer just a simple risk-on bet, with some carry expressions now looking more neutral or even defensive. • JPY and CHF remain the cleanest funding legs, though both come with their own tripwires. • EM still offers more yield, but G10 carry now looks much more useful for portfolios that want income without taking the full EM risk bucket. Carry Is Back in the Driver’s Seat For the record,…

Gold (XAU/USD) lost its bullish momentum after rising more than 2% in the previous week and registered weekly losses as investors reacted to a clear re-escalation of tensions in the Middle East. July inflation data from the United States (US) and comments from Federal Reserve (Fed) Chair Kevin Warsh could drive XAU/USD’s action in the near term.Gold falls as US and Iran exchange strikesMarkets opened the week in a calm manner and Monday’s action remained subdued as trading conditions normalized following a long weekend in the US.Data from the US showed that business activity in the service sector continued to…

The US Dollar to Canadian Dollar (USD/CAD) exchange rate has eased back to around 1.4160 after retreating from June’s highs above 1.42, with the Canadian Dollar finding support from firmer oil prices and improving risk sentiment. Latest — Exchange Rates:Dollar to Canadian Dollar (USD/CAD): 1.41574 (-0.07%)Pound to Canadian Dollar (GBP/CAD): 1.897869 (-0.13%)Euro to Canadian Dollar (EUR/CAD): 1.616046 (-0.23%) ING believes the Canadian Dollar can remain relatively well supported in the near term, although it does not expect USD/CAD to fall back below the key 1.40 level over the next couple of months. The bank notes that higher oil prices and…

The EUR/USD pair finishes an uneventful week unchanged, just a handful of pips above the 1.1400 mark. Financial markets held cautiously throughout the week, trapped between little macroeconomic guidance and tensions in the Middle East.What’s happening between the United States and Iran?Washington and Tehran reached an agreement, the Memorandum of Understanding (MoU), in mid-June. The 14-point document aimed to end the Middle East conflict by establishing a 60-day ceasefire in which both parts agreed to continue negotiating to reach complete peace.Yet, the sticky points that generated tensions remain in place: on the one hand, the United States (US) wants Iran…

Korea’s record-low stock valuations seen as opportunity amid AI earnings boom

OTTAWA, ON, May 20, 2026 /CNW/ -It pays to file your taxes every year!Filing your taxes every year isn’t just about reporting your income — it’s the key to getting (and keeping) the benefits and credits that help you with everyday costs, including the new Canada Groceries and Essentials Benefit (CGEB). If you don’t file your taxes, you might be missing out on benefits and credits you’re entitled to receive.Why it’s important to file your taxes on timeYour benefit and credit amounts for the year are calculated after your tax return is assessed. Starting in July each year, your benefit…

The upcoming week will bring a major test for the US Dollar (USD), with investors focusing on the United States Consumer Price Index (CPI), Federal Reserve (Fed) Chair Kevin Warsh’s congressional testimony and a broad set of activity indicators. China’s second-quarter Gross Domestic Product (GDP) and the Bank of Canada’s (BoC) interest-rate decision will also attract significant attention.The US Dollar Index (DXY) trades near 101.00, recovering from a one-week low hit earlier on Friday as investors balance softer recent labor market data against renewed geopolitical uncertainty and persistent inflation concerns. Tuesday’s US CPI report will be the central event for…

Commerzbank’s report on Taiwan notes that stronger inflation, with core CPI at 2.5%, is likely to push the CBC towards a more hawkish stance, including a possible 12.5 bp hike in H2. Despite robust AI-driven exports and firm domestic demand, USD/TWD has risen to 32.19, though analysts expect a potential pullback once seasonal dividend outflows fade.Hawkish CBC and AI-led growth”Taiwan’s June inflation surprised on the upside, with headline CPI rising to 2.6% yoy from 2.2% in May. This was the fastest pace since January 2025 and well above the Central Bank of the Republic of China’s (CBC) informal 2% threshold.…

The US Dollar to Canadian Dollar (USD/CAD) exchange rate has eased back to around 1.4160 after retreating from June’s highs above 1.42, with the Canadian Dollar finding support from firmer oil prices and improving risk sentiment. Latest — Exchange Rates:Dollar to Canadian Dollar (USD/CAD): 1.41574 (-0.07%)Pound to Canadian Dollar (GBP/CAD): 1.897869 (-0.13%)Euro to Canadian Dollar (EUR/CAD): 1.616046 (-0.23%) ING believes the Canadian Dollar can remain relatively well supported in the near term, although it does not expect USD/CAD to fall back below the key 1.40 level over the next couple of months. The bank notes that higher oil prices and…

Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is “over.” At the time of writing, the XAG/USD trades at $59.66.XAG/USD Price Forecast: Technical OutlookSilver is downward biased, as the market structure continues to respect the series of lower highs and lower lows. The Relative Strength Index (RSI) remains bearish, below its 50-neutral level and aiming towards oversold territory. Given the reasons mentioned above and geopolitical uncertainty, the XAG/USD’s path of least resistance is…