Author: Robert Jessi

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock. Even before the signing of a preliminary peace agreement, most economic indicators suggested that the US economy was weathering the conflict far better than many economists had feared.The conflict has reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown. Yet, most of the key indicators released since…

The USD/CAD pair struggles to capitalize on the previous day’s modest bounce from a nearly two-week low and turns lower for the second straight day following a modest Asian session uptick to the 1.4200 neighborhood. Spot prices remain close to the overnight swing low, around mid-1.1400s, and seem poised to register losses for the first time in five weeks.The US Dollar (USD) remains depressed near a two-week low, touched in reaction to softer US jobs data on Wednesday, and turns out to be a key factor exerting pressure on the USD/CAD pair. Traders trimmed their bets for interest rate hikes…

I have no interest in shorting, but keep in mind that the Thursday session is the jobs report this week, it is not Friday. The United States will, of course, be closed as Independence Day is on Friday. So, with that being said, this is a pair that will be very noisy over the next 24 hours, but ultimately it still favors the upside. USD/CAD Technical Analysis

Of course, BlackBerry is no longer in the handset business. It develops software for cars and mobile security and has a growing artificial intelligence (AI) business in partnership with chipmakers including Nvidia Corp., which in part explains its newfound appeal to investors. The company reported better-than-expected fourth-quarter 2026 results in April and again beat analysts’ estimates for its first quarter of fiscal 2027 last week, adding a rosy forecast for the rest of the year. It marked BlackBerry’s fifth consecutive profitable quarter. The S&P/TSX Composite likewise notched its eighth consecutive quarter of gains in Q2 2026, the stock index’s longest…

Form 4 Spyre Therapeutics Inc For: 2 July

A motorcycle is parked at a Circle K gas station on June 16 in Austin, Texas. (Credit: Brandon Bell/Getty Images) It’s Monday, June 22. Here are the top stories we’re following today. Canadian inflation rate spikes to 3.2% on surging gas prices Canadian inflation accelerated to its highest level in more than two years in May, as rising gasoline and food prices helped pushed the rate to 3.2 per cent. Read the story The Bank of Canada building in Ottawa. Bank of Canada to hold on rates as 33% gas inflation masks weak economy, say economists Here’s what economists think…

United Overseas Bank’s (UOB) Quek Ser Leang reports USD/CNH is consolidating after a prior decline to 6.7865, with prices oscillating between 6.7911 and 6.8025 and closing at 6.7948. He expects intraday action to remain confined to 6.7860–6.7990. Over 1–3 weeks, recent Dollar strength is seen as having ended, with the pair likely to trade between 6.7750 and 6.8080, while medium-term recovery requires a break above the 21‑week EMA at 6.8430.Off highs and stuck in a band”24-HOUR VIEW: Two days ago, USD dropped to 6.7865 and then rebounded. When it was at 6.7920 yesterday, we highlighted that “the rebound from oversold…

The EUR/USD pair declines to around 1.1420 during the early Asian session on Thursday, pressured by a soft Eurozone inflation outlook. The US Dollar (USD) strengthens against the Euro (EUR) despite disappointing US June labor data. European Central Bank (ECB) President Christine Lagarde is scheduled to speak later on Friday.Eurozone headline CPI cooled more than expected, falling to 2.8% YoY in June from 3.2% in May, Eurostat revealed on Wednesday. The core inflation dropped to 2.4% YoY in June from 2.6% in the previous reading. This report has reduced pressure on the ECB to maintain a highly aggressive interest rate…

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded in a narrow range on Wednesday as uncertainty surrounding USMCA trade negotiations kept the Canadian Dollar subdued while Sterling awaited comments from Bank of England Governor Andrew Bailey. At the time of writing, GBP/CAD was trading at CA$1.8827, little changed on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.88368 (+0.06%)Euro to Canadian Dollar (EUR/CAD): 1.61838 (-0.2%)Dollar to Canadian Dollar (USD/CAD): 1.42311 (+0.16%) DAILY RECAP: The Canadian Dollar (CAD) struggled to attract support on Wednesday amid renewed uncertainty surrounding the future of the US–Mexico–Canada Agreement (USMCA) on trade. Representatives…

Canada’s inflation rate accelerated above the Bank of Canada’s target band in May, yet markets remain convinced policymakers will leave rates unchanged. With bearish CAD positioning becoming …