Author: Robert Jessi

Gold (XAU/USD) remains trapped in its month-old $4,000-$4,200 range as the Federal Reserve’s (Fed) new era of limited forward guidance fails to shake the precious metal out of its sideways grind after policymakers left interest rates unchanged at 3.50%-3.75%.At the time of writing, XAU/USD trades around $4,080 during European trading hours on Thursday, recovering from an intraday low of $4,022.Gold briefly pushed above $4,100 after the Fed kept rates steady, prompting traders to unwind positions built around the possibility of a surprise hike and triggering a sharp pullback in the US Dollar and front-end US Treasury yields.However, Gold struggled to…

Societe Generale strategists analyzes- the Bank of England’s (BoE) upcoming meeting, expecting Bank Rate to remain at 3.75% with some hawkish dissent. They note easing inflation expectations and a loosening labour market, but also higher energy prices and government income support. Their base case is for policy to stay on hold through 2026, while GBP/USD seasonality looks bearish in August.BoE stance and Pound seasonality”The BoE is the penultimate G10 central bank to meet before the curtain falls on July – the BoJ meets tomorrow – and like the Fed yesterday, expectations are overwhelmingly for no change in bank rate at…

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 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…

“It made a lot of sense,.” said the 69-year-old Calgary resident. “Tear down the old garage, build a laneway house for pretty much the cost of a very nice condo, and we don’t have to pay the condo fees. We don’t have a homeowners association except for (an) old dad here.” Laneway homes have been pitched as a solution to building livable spaces in tighter cities, with various levels of government offering incentives to encourage gentle densification in recent years—increasing housing supply and opening room for rental income.  Another use case has also emerged as more older homeowners look for…

Why is Microsoft stock rallying after-hours?

The consensus view for the FOMC today may be a hold, with two dissenters voting for a . That might prevent a material downward correction in rates, but the dollar may still fall as precautionary positioning is unwound and the greenback reconnects with lower oil prices. This means might be past its lows USD: Dollar to Reconnect With Lower Oil After Fed Hold Our Fed preview, published last week, argued that precautionary positioning for a potential surprise Fed hike could keep the dollar supported going into today’s FOMC announcement. That appears to have been the case. Despite softer data and…

USD After several days of calm, tensions in the Middle East ramped up overnight, with the US and Iran once again exchanging tit-for-tat strikes. jumped around 3.5% in response, though FX has been calmer, seeing the holding near one-month highs before softening modestly this morning. Attention now turns to tonight’s FOMC decision at 19:00 BST, with Chair Warsh’s press conference following at 19:30. Markets price roughly a one-in-three chance of a 25bp hike from the current 3.50-3.75% range, with no fresh projections due. We continue to think rates stay on hold through year-end; if validated today, near-term dollar risks skew…

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…

This is an account of the Bank of Canada’s Governing Council deliberations leading to the monetary policy decision on July 15, 2026. This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on July 7, 2026. The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers (who joined deliberations on July 8) and Deputy Governors Toni Gravelle, Nicolas Vincent, Michelle Alexopoulos and Marc-André Gosselin. International economy Governing Council members began their…