Author: Robert Jessi

Silver price (XAG/USD) is down 1.7% to near $58.00 during the European trading session on Friday. The white metal continues to decline throughout the day as United States (US) Treasury Yields have bounced back amid fears that inflationary pressures will remain elevated.As of writing, 10-year US Treasury Yields are up 0.45% to near 4.68% after a weak performance in the opening trade.Higher US Treasury Yields bode poorly for non-yielding assets, such as Silver.In the monetary policy announcement on Wednesday, the Federal Reserve (Fed) left interest rates unchanged in the range of 3.50%-3.75%, and policymakers expressed mounting concerns regarding inflation remaining…

USD The dollar’s post-Fed hangover deepened on Thursday. A 13:30 BST data deluge largely validated our call for rates to stay on hold through 2026: advance Q2 GDP landed at just 1.5% annualised, undershooting the 2.0% expected, while June core PCE eased to 3.3% as anticipated. The bigger fireworks came shortly after, as suspected yen-buying intervention by Tokyo, seemingly coordinated with Seoul and conspicuously unopposed by Treasury Secretary Bessent, pushed notably lower. The pair dropped from 163 to 158 before retracing modestly, leading the index to shed around 1, briefly retesting the 100-level, with the dollar weakening across the board.…

The Canadian Dollar (CAD) modestly outperforms the US Dollar (USD) on Wednesday, drawing support from a rebound in Oil prices as the war in the Middle East intensifies again following a brief calm. At the time of writing, USD/CAD trades around 1.4093, trapped within a week-old range.US President Donald Trump threatened heavy military action against Iran on Wednesday following attacks on US targets in Jordan.West Texas Intermediate (WTI) trades around $83, up more than 5% on the day. Higher Oil prices typically support the Canadian Dollar due to Canada’s position as a major crude exporter.However, elevated Oil prices provide only…

The USD/CAD pair trades in positive territory near 1.4050 during the early European session on Thursday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) on hawkish signals from the US Federal Reserve (Fed). The preliminary reading of the US Gross Domestic Product (GDP) for the second quarter (Q2) is due later in the day. The Fed decided to leave the Federal Funds Rate unchanged in its current target range between 3.50% and 3.75% at its July policy meeting on Wednesday, as widely expected. Dallas Fed President Lorie Logan, Cleveland’s Beth Hammack, and Minneapolis Fed President Neel Kashkari dissented in favor…

During the discovery meeting, you will have a conversation with a planner so they can find out more about you, the things you enjoy, and what you want to achieve. They will also ask you about your current and anticipated future situation. Basically, they want to get a snapshot of you, your current lifestyle, your finances, and how things may change in the future.   This information, once documented, gives you and your planner your “state of the nation” big-picture view of where you are now and where you are headed. Depending on the advisor, they will present this to you…

Chinese vice premier raises concerns over trade restrictions with Bessent, Greer- Xinhua

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…

Japanese authorities appear to have intervened again, taking advantage of post- dollar weakness. has fallen 3.5% on reportedly heavy volumes, similar to late April. The move was well-timed, but a lasting turnaround in USD/JPY will require the Fed not hiking in September and a more hawkish Bank of Japan A Well-Timed Move It very much looks like Japanese authorities have taken advantage of a softer dollar environment to start their second FX intervention campaign of the year. Recall they sold around $73bn over the period 30 April-1 May. The move looks well-timed in that the dollar was already under pressure…

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters. Forty-two days containing a war re-escalation, the largest monthly decline in consumer prices since April 2020, a global chip rout and a top-decile move in Treasury yields produced one edit. The Committee reaffirmed its ample-reserves policy in June. In July, the policy continues.That is not laziness. It is…

The Canadian Dollar (CAD) modestly outperforms the US Dollar (USD) on Wednesday, drawing support from a rebound in Oil prices as the war in the Middle East intensifies again following a brief calm. At the time of writing, USD/CAD trades around 1.4093, trapped within a week-old range.US President Donald Trump threatened heavy military action against Iran on Wednesday following attacks on US targets in Jordan.West Texas Intermediate (WTI) trades around $83, up more than 5% on the day. Higher Oil prices typically support the Canadian Dollar due to Canada’s position as a major crude exporter.However, elevated Oil prices provide only…