Author: Robert Jessi

Gold is under renewed selling pressure toward $4,300, kicking off the US inflation week on a negative note and retreating further from seven-week highs of $4,372 set last Friday.  Gold stuck between Mideast risks, easing Fed hike betsGold is on a slippery slope early Monday, as traders resort to profit-taking following the previous week’s 7% gain, while repositioning ahead of this week’s critical US Consumer Price Index (CPI) data release.The bullion rallied hard last week, with the uptrend strengthened following the US Nonfarm Payrolls report, which showed that the US economy unexpectedly lost 23,000 jobs in July, against expectations of an…

Weak US NFP number gives Loonie a lift. – Quiet data day to start the week – USD nursing Friday’s losses after quiet overnight session. USDCAD open: 1.3942, overnight range 1.3933-1.3964. close 1.3942 …

The USD/CAD pair attracts some dip-buyers at the start of a new week and recovers a part of Friday’s heavy losses to the 1.3925 area, or a nearly two-month low. Spot prices climb back above mid-1.3900s during the Asian session, though the upside potential seems limited amid a combination of diverging forces.As investors look past Friday’s disappointing US Nonfarm Payrolls (NFP) report, the US-Iran standoff keeps the geopolitical risk premium in play and acts as a tailwind for the safe-haven US Dollar (USD). Furthermore, bets that the US Federal Reserve (Fed) will raise borrowing costs by the end of this…

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Sony, TSMC plan $6.3 billion JV to make image sensors in Japan, Nikkei reports

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…

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. …

The NZD/USD pair is seen extending Friday’s late pullback from the vicinity of the monthly peak – levels just above the 0.5900 mark – and drifting lower at the start of a new week. Spot prices, however, remain confined in a familiar range held over the past week or so and currently trade around the 0.5880 region, down 0.20% for the day, amid a modest US Dollar (USD) strength.The immediate market reaction to the disappointing release of the US Nonfarm Payrolls (NFP) report on Friday seems to have faded as the geopolitical risk premium offers some support to the safe-haven…

The USD/CAD pair attracts some dip-buyers at the start of a new week and recovers a part of Friday’s heavy losses to the 1.3925 area, or a nearly two-month low. Spot prices climb back above mid-1.3900s during the Asian session, though the upside potential seems limited amid a combination of diverging forces.As investors look past Friday’s disappointing US Nonfarm Payrolls (NFP) report, the US-Iran standoff keeps the geopolitical risk premium in play and acts as a tailwind for the safe-haven US Dollar (USD). Furthermore, bets that the US Federal Reserve (Fed) will raise borrowing costs by the end of this…

US Dollar-Canadian Dollar risks remain tilted lower as Scotiabank sees fair value just below 1.40 and says a break of 1.3970/80 could extend CAD gains. The Canadian Dollar strengthened into the weekend, pulling the USD/CAD exchange rate down to around 1.3940 after another soft session for the US Dollar. The pair is now almost 1.9% below its late-July high and has fallen for four of the past five sessions. Scotiabank thinks the underlying picture has improved enough to justify a mildly stronger CAD bias. “Factors driving the CAD are leaning a little more positive, nudging our fair value estimate for…