Author: Robert Jessi

This week’s clearest signal is a widening gap between futures positioning and spot performance. GBP short covering remains price-confirmed, while CAD and WTI extended bearish positioning even as prices rose. Crowded exposure is beginning to lose control of price, increasing reversal risk without yet establishing new bullish regimes.GBP: Covering gains credibilityThe British Pound delivered the week’s strongest positioning move as speculators covered 16.6K contracts, a 75th-percentile weekly shock. This was the third consecutive covering week, and GBP/USD posted a decent advance, confirming the direction of the flow. Positioning remains short by around 71.2K contracts, or nearly 27% of open interest,…

The CAD/JPY currency pair has recovered from an 18-week low of 112.96 on July 4th, achieving a four-day winning streak and surpassing 115.70. Typically, global markets see investors move away from …

The Canadian Dollar (CAD) has entered a consolidation phase against the US Dollar (USD) following a volatile week. While a soft US inflation report initially put the Greenback on the back foot, the Bank of Canada’s (BoC) decision to keep its interest rate at 2.25% for a sixth consecutive meeting has somewhat tamed the initial downward move in the USD/CAD pair. Institutional analysts are closely examining the Canadian central bank’s updated forecasts and shift in guidance to map out the next directional leg for USD/CAD.USD/CAD daily chart. Source: FXStreet.Cooling growth and excess supply challenge aggressive hike pricingBBH emphasizes that Canada’s cooling…

For most of my life I assumed it was a lesson about hard work. Wake up early, start before everyone else, stay disciplined, and success will eventually follow. Lately, though, I have begun to wonder whether I misunderstood it entirely. Maybe it was never about waking up early at all. Maybe it was about being willing to act before you knew exactly how things would turn out. That thought crossed my mind recently while talking with a younger colleague about investing, when Bitcoin came up. Like millions of people, I have a Bitcoin story. Around 2013, I had recently started…

Investing.com — ChangXin Memory Technologies, China’s largest DRAM chipmaker, expects to raise at least 57.9 billion yuan ($8.6 billion) through a Shanghai listing this month, potentially making it Asia’s largest initial public offering of 2026, Reuters reported. The offering on Shanghai’s technology-focused STAR Market could increase to 66.6 billion yuan if an overallotment option is exercised. CXMT produces dynamic random-access memory chips, which provide short-term memory for smartphones, personal computers, servers, and artificial intelligence systems. The company was the world’s fourth-largest DRAM producer in 2025, holding about 7.7% of the global market. Samsung Electronics (), SK Hynix (), and Micron…

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 Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026. Growth is expected to benefit from the AI-driven semiconductor sector, while Consumer Price Index (CPI) inflation is projected to overshoot target.BoK signals accelerated tightening cycle”The Bank of Korea raised the base rate to 2.75% from 2.50% at its July 16 meeting, marking the first rate hike since January 2023. The BOK maintained a hawkish stance and signaled…

United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CNH is currently consolidating in a narrow range around 6.77. In their 1–3 week view, they maintain a downside bias toward 6.7600 as long as strong resistance at 6.7820 remains intact. Over 1–3 months, they see tentative upside potential if key technical resistance is broken.Short-term consolidation, medium-term downside bias”24-HOUR VIEW: After USD fell as we expected on Wednesday, we highlighted the following yesterday: “Our view was not wrong, as USD subsequently rose to 6.7781 and then fell to a low of 6.7653. Downward momentum continues to…

The CAD/JPY currency pair has recovered from an 18-week low of 112.96 on July 4th, achieving a four-day winning streak and surpassing 115.70. Typically, global markets see investors move away from …

The EUR/USD pair has shown little progress over the last few days, seesawing around the 1.1450 mark throughout the week to finish a handful of pips below the level. Mounting tensions in the Middle East pushed investors into cautious mode despite temporary relief from macro data.