Author: Robert Jessi

United Overseas Bank’s (UOB) Quek Ser Leang sees EUR/USD retaining a mild downside bias after slipping below a prior strong support at 1.1405. Intraday losses are expected to be limited to tests of 1.1390, with resistance at 1.1430–1.1445. Over the coming weeks, the pair is now viewed as range-trading between 1.1360 and 1.1465, with 1.1210 the next target if key supports fail.Euro-Dollar shifts back into range trading”24-HOUR VIEW: While we indicated yesterday that EUR “could edge lower,” we held the view that “any decline is likely to be contained within a 1.1405/1.1450 range.” EUR subsequently rose to 1.1449, dipped to…

The GBP/USD pair holds positive ground near 1.3450 during the early European trading hours on Tuesday. The British Pound (GBP) strengthens against the US Dollar (USD) following the UK employment report. Attention will shift to the UK Consumer Price Index (CPI) inflation data, which is due later on Wednesday. Data released by the Office for National Statistics (ONS) on Tuesday showed that the UK ILO Unemployment Rate remained steady at 4.9% in the three months to May. This figure came in below the market consensus of 5.0%.Meanwhile, the number of people claiming unemployment benefits increased by 6.7K in June, versus a revised increase…

From nypost.com | 5 hr ago | 16 comments President Trump slapped a mammoth 50% tariff on certain Canadian goods — a move meant to combat what the administration described as the country’s “continuous discrimination” on American products. The new tax will apply to a range of imports, including wine, hockey sticks, and cement and goes into effect in 30 days, but the administration indicated in a …

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…

Microsoft pinned at 200MA as momentum fades: Live levels

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…

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USD The dollar ended a choppy week roughly where it began. Granted, Tuesday’s much-softer-than-expected June CPI drove a dovish repricing that dragged the to one-month lows before it steadied around 100.8. But an escalating Middle East conflict capped downside: with US forces striking Iran nightly and the naval blockade throttling the Strait of Hormuz, settled now trades near $90, after rising more than 4% on Friday alone. The week ahead is light domestically, and the Fed is in blackout before its July 29th decision, leaving Friday’s flash PMIs and Wednesday’s tech earnings as the key risks. We still see dollar…

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…

The Pound to Canadian Dollar (GBP/CAD) exchange rate strengthened on Wednesday after the Bank of Canada maintained interest rates and struck a cautious tone on the outlook for monetary policy. At the time of writing, GBP/CAD was trading at CA$1.8903, up around 0.4% on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89695 (+0.77%)Euro to Canadian Dollar (EUR/CAD): 1.606759 (+0.09%)Dollar to Canadian Dollar (USD/CAD): 1.40514 (-0.01%) DAILY RECAP: The Canadian Dollar (CAD) retreated on Wednesday as markets digested the Bank of Canada’s latest interest rate decision. As was widely expected, the BoC opted to leave rates unchanged at…