Author: Robert Jessi

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded lower on Wednesday after softer-than-expected UK inflation weighed on Sterling, while rising oil prices provided support for the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading around CA$1.8845, down roughly 0.2% on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.883667 (-0.19%)Euro to Canadian Dollar (EUR/CAD): 1.607415 (-0.06%)Dollar to Canadian Dollar (USD/CAD): 1.40875 (-0.13%) DAILY RECAP: The Pound (GBP) came under pressure on Wednesday after the UK’s latest consumer price index showed inflation cooled more rapidly than expected in June. According to the Office for National…

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/SGD is trading just above 1.29 after a quiet session, with momentum only tentatively firmer. They expect intraday consolidation between 1.2900 and 1.2930, while the broader 1–3 week view still flags a risk of a break below 1.2860, though odds are low as long as resistance at 1.2930 caps the pair.USD/SGD stuck in tight band”24-HOUR VIEW: Following Monday’s price action, we highlighted yesterday that “momentum indicators remain mostly flat,” and we expected USD to “trade in a range between 1.2895 and 1.2925.” Our view was not wrong, as…

Even though he had been banking with several of the big lenders for decades, his frustrations grew until they came to a head during one instance involving one of his registered accounts. He finally decided to pull the trigger and switch to a fintech as his primary bank. Canada’s banking regulator has been streamlining its bank licensing framework, making it easier for smaller financial companies and provincial credit unions to enter the federal financial system and compete against the Big Six. It’s also giving consumers greater choice when it comes to who they want to bank with. Choose a bank…

Banner Corporation reports Q2 net income of $48.9 million

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…

USD The dollar firmed for a second day on Tuesday, the consolidating around 101 as rose to 4.63% and markets pared Fed easing bets. Notably, the greenback gained despite a risk-on session that saw the S&P 500 climb 1.0% on a chip-led rebound, underscoring the stagflationary impulse stemming from the Middle East. A mediator proposal for a 10-day truce briefly knocked crude in early trade, but a fresh tanker attack in the Strait of Hormuz and continued strikes saw settle 2.5% higher near $84. Hostilities have since entered an eleventh day, with President Trump overnight playing down near-term talks, threatening…

USD/CHF registers solid gains on Wednesday, with buyers reclaiming the 0.8100 figure amid a trading session in which the Greenback loses ground against most G8 FX currencies but posts gains versus the haven status of the Swiss Franc. The pair trades at 0.8146, up more than 0.20%.USD/CHF Price Forecast: Technical outlookThe market structure remains bullish, with USD/CHF forming a series of higher highs and higher lows. Also, the Relative Strength Index (RSI) is bullish, indicating that buyers are gaining momentum and opening the door to further upside. Hence, the path of least resistance is upwards.The first ceiling level for USD/CHF…

Summary:USD/CAD held near 1.4100 after extending its recovery, with traders watching the key 1.4115 resistance level. Safe-haven demand for the US dollar continues to outweigh support for the Canadian dollar from higher crude oil prices. A break above 1.4115 could strengthen bullish momentum, while oil prices and US economic data remain the next major catalysts. The USD/CAD exchange rate traded around 1.4101 on Tuesday after recovering steadily over the past several sessions, as renewed demand for the US dollar continued to offset the Canadian dollar’s traditional support from rising crude oil prices. The pair has advanced despite Brent crude remaining above $90…

The defensive currencies – the Japanese yen and the Swiss franc – remain soft. That may be because equity markets remain reasonably bid despite the rise in energy prices. But a far more important factor appears to be low interest rates and central banks that will be slow to hike. Expect and to stay bid during this period of high energy prices USD: No Respite From Higher Energy Prices The global investment environment can be characterised as one in which risk appetite remains reasonably strong, even as higher energy prices drive interest rates to new highs. The former is heavily…

European shares fall as tech weighs ahead of US big tech earnings; Mideast in focus