Author: Robert Jessi

Summary:USD/CAD held near 1.4100 after extending its recovery, with traders watching the key 1.4115 resistance level. Safe-haven demand for the US dollar continues to outweigh support for the Canadian dollar from higher crude oil prices. A break above 1.4115 could strengthen bullish momentum, while oil prices and US economic data remain the next major catalysts. The USD/CAD exchange rate traded around 1.4101 on Tuesday after recovering steadily over the past several sessions, as renewed demand for the US dollar continued to offset the Canadian dollar’s traditional support from rising crude oil prices. The pair has advanced despite Brent crude remaining above $90…

SOUTH SAN FRANCISCO – IDEAYA Biosciences () announced today the initiation of Part 2 monotherapy expansion in its Phase 1/2 clinical trial evaluating IDE892, a PRMT5 inhibitor, in MTAP-deleted solid tumors, focusing on non-small cell lung cancer and pancreatic ductal adenocarcinoma. The company stated that the expansion was initiated at projected efficacious target human exposures where 24-hour target EC90 coverage has been achieved. The maximum tolerated dose has not yet been reached in the ongoing dose escalation, according to the press release statement. IDE892 demonstrates 1,400-fold selective MTA-PRMT5 cooperative binding versus SAM-PRMT5 cooperative binding. The drug has a CYP3A4 IC50…

OCBC’s Sim Moh Siong and Christopher Wong highlight that markets have repriced the risk of a July Fed hike higher after Oil-driven inflation worries, but still expect no move. A hawkish hold would keep the US Dollar (USD) supported by pushing tightening expectations further out, while a poorly explained pause could hurt Fed credibility, lift inflation breakevens and weigh on the Dollar over the coming months.Hawkish hold would underpin Dollar”The probability of a July Fed rate hike fell to just 10% following benign US inflation data but has since rebounded to 35% as higher oil prices reignited inflation concerns.””In short,…

Geoff Yu at BNY argues that the Bank of England (BoE) is likely to keep policy unchanged despite energy-driven price pressures, as markets have already tightened financial conditions. He sees the United Kingdom’s (UK) constrained fiscal space and potential tax-threshold relief as key for demand and gilt supply, judging current BoE tightening priced by markets as excessive but still supportive for British Pound (GBP) resilience.BoE caution meets tight fiscal space”The BoE is not expected to shift its policy stance this week despite renewed price pressures from energy. To paraphrase Governor Andrew Bailey’s views on transmission mechanisms, the market is already…

USD/CAD trades around 1.4095 on Friday at the time of writing, up a modest 0.06% as the US Dollar (USD) retains a slight advantage following the release of solid US economic data, while the Canadian Dollar (CAD) remains pressured by weak domestic indicators and softer Oil prices.The United States (US) S&P Global Composite Purchasing Managers Index (PMI) rose to 53.6 in July from 51.9 in June, signaling an acceleration in private sector activity. The Services PMI improved to 53.6, while the Manufacturing PMI eased slightly to 53.8 from 53.9. According to Chris Williamson, Chief Business Economist at S&P Global Market…

The Canadian dollar dipped below 71 United States cents on Friday morning as crude oil prices underwent a correction.      The loonie was at US$0.7085 or US$1=C$1.4114 as of 8:34 a.m. CDT, compared to Thursday’s close of US$0.7101 or US$1=C$1.4083. The U.S. Dollar Index was down 0.02 of a point at 101.42.      The U.S. continued its attacks on Iran as the conflict between the two countries threatens to expand into the Red Sea. Brent crude oil lost US$2.93 at US$97.76/barrel after surpassing the US$100/barrel mark on Thursday. West Texas Intermediate dropped US$2.25 at US$89.94/barrel.      The TSX/S&P Composite Index…

Baker Hughes declares $0.23 quarterly dividend

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…

traded near 161.50 Tuesday, edging up 0.14% within a tight 160.47-to-161.52 band and holding just below the 162-plus level that recently marked its highest point in around 40 years — a peak not sustained since the mid-1980s. The yen sits pinned near multi-decade lows against the dollar, unable to strengthen meaningfully even as the Bank of Japan executes the most significant monetary normalization in its modern history. The pair is elevated, and the reason is a rate gap that refuses to close. The setup is a paradox that defines the yen in 2026. The BoJ has raised its policy rate…

It’s rare to see macro, rates and technicals align this cleanly. That’s exactly what’s happening for the US dollar heading into next week’s FOMC meeting.Hawkish Fed pricing continues lifting front-end Treasury yields Haven demand adds another bullish tailwind Little on US calendar this week to derail bull case The US Dollar Index has broken out, fuelled by another sharp increase in hawkish pricing ahead of next week’s FOMC meeting. With energy prices continuing to ratchet higher on the back of escalating geopolitical tensions in the Middle East, the fundamental backdrop is creating powerful tailwinds that reinforce the bullish technical picture.Data…