Author: Robert Jessi

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…

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 Pound to Canadian Dollar (GBP/CAD) exchange rate traded lower last week as UK political developments drove volatility while rising oil prices supported the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8861, down around 0.5% on the week. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.88631 (-0.31%)Euro to Canadian Dollar (EUR/CAD): 1.60365 (-0.20%)Dollar to Canadian Dollar (USD/CAD): 1.40207 (-0.14%) DAILY RECAP: The Pound (GBP) had a quiet start to the week as a sparse UK economic calendar left Sterling lacking fresh direction, opening it up to losses against stronger rivals. Comments from Bank of…

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5 big analyst AI moves: Several top picks named into Q2 earnings

Jennifer Tozser, senior wealth advisor and portfolio manager at National Bank Financial Wealth Management, joins BNN Bloomberg to discuss the markets. The Bank of Canada is unlikely to raise interest rates this week, even as the war in Iran continues to put pressure on energy prices and inflation, explains a financial analyst. Gas prices are already acting like a rate hike for Canadians, Jennifer Tozser, senior wealth advisor and portfolio manager at National Bank Financial Wealth Management told BNN Bloomberg. Weaker-than-expected job growth and uncertainty surrounding CUSMA and the housing market are key factors affecting Canada’s economic health, which Tozser…

DBS Group Research economist Chua Han Teng argues that Malaysia’s financial markets reflect confidence in the country’s solid domestic fundamentals despite lingering Middle East geopolitical risks. The Malaysian Ringgit has outperformed regional peers, government bond yields remain stable, and resilient growth data have led DBS to upgrade its 2026 real GDP forecast to 5.2% from 4.7% previously.Ringgit strength and resilient GDP outlook”Malaysia’s financial markets are signalling investor confidence in the economy’s solid domestic fundamentals, even as geopolitical risks in the Middle East linger.””The Malaysian ringgit has outperformed its regional peers so far this year, reflecting resilient bond portfolio inflows, although…

The week in one sentence. Speculators rebuilt their bearish conviction in JPY and EUR, kept selling AUD, and continued covering GBP, while WTI delivered the cleanest positive turn as both positioning and price moved sharply higher.A more defensive resetThe foreign-exchange complex turned more defensive. JPY registered the largest weekly deterioration, with net positioning falling by 29,462 contracts to a 152,125-contract short. That leaves the market near the 3rd historical percentile. The 0.57% rise in USD/JPY – a weaker Yen – confirmed the renewed selling and makes JPY the clearest bearish FX signal of the week.EUR followed closely. Speculators cut net…

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…

By Glen Hallick, Reporter The Canadian dollar added nearly a tenth of a cent on Wednesday, following the interest rate announcement from the Bank of Canada. The BoC said its overnight rate will stay at 2.25 per cent, suggesting the Canadian economy could improve. However, the central bank noted it was unsure if its future announcements this year will be decreases or increases. The loonie finished at US$0.7118 or US$1=C$1.4049 compared to Tuesday’s close of US$0.7109 or US$1=C$1.4067. On the U.S. Dollar Index, the greenback lost 0.391 of a point at 100.320. Benchmark crude oil prices turned around on Wednesday…