Author: Robert Jessi

Evercore ISI reiterates Dell stock rating on memory pricing concerns

Weaker US inflation briefly pressured US dollar, though higher oil prices may limit further declines. Rising energy costs could revive inflation concerns and strengthen expectations for tighter Fed policy. EUR/USD rebounded after CPI, but elevated oil prices continue to favor US dollar in the longer term. The US dollar fell sharply after a much weaker-than-expected US report caught markets by surprise. But despite the selling, I’m not convinced the US dollar’s weakness will last, with currencies of economies that are dependent on energy imports likely to remain under pressure amid the re-escalation of the US-Iran tensions and the resulting rally…

FXStreet’s co-CEO Pere Monguió interviews Vitaly Bulinin, CEO of Versus Trade, to unpack the transformative shifts sweeping the forex markets and the profound impact of AI on trading. This discussion offers critical insights for both seasoned and new traders navigating an era in which “everything has changed.” Bulinin, a market veteran since 2005, reflects on past Black Swan events such as the Swiss National Bank’s decision and Brexit, asserting that while information access has vastly improved, the challenge of distinguishing signal from noise remains paramount. He highlights the dramatic rise of retail traders, now accounting for approximately 20% of total…

 Big moves are becoming the norm in this market, and currency is no exception. Our Canadian dollar (CAD) has traded down to 70 cents on the dollar. This is only a penny or two away from the extreme lows of Covid (when everyone was hiding in USD/Treasuries) and Tariff Day (remember when tariffs were going to push Canada into a bone crushing recession?). Too extreme? Let’s bring it in.Our initial thoughts on this weakness was that is a Canada problem. Oil prices came down from $92/bbl to $70/bbl in June 2026, and we are still somewhat of a petro currency.…

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties related to the war in the Middle East and US trade policy. Since the April Monetary Policy Report (MPR), global economic prospects have been dented by higher oil prices stemming from the Middle East conflict. At the same time, the build-out of artificial intelligence (AI)…

US and Iran renew attacks. Oil prices spike – US inflation data on tap. – US is clawing back some overnight losses. USDCAD open: 1.4086, overnight range 1.4084-1.4158, close 1.4159, WTI 80.59, Gold 4, …

“It could be a beneficial tool for certain people, but not for others,” says Barbara Knoblach, an Edmonton-based financial planner at Money Coaches Canada. How reverse mortgages work Reverse mortgages are available to Canadian homeowners who are 55 and older. Up to 55% of the equity built up in the home can be unlocked tax-free in a lump sum or incremental payments, usually at interest rates 2% to 3% higher than what a conventional mortgage would carry. Unlike a traditional mortgage, the loan and interest is not paid back in regular intervals. Instead, that happens when the homeowner moves, sells, or…

Why is Tasly Pharmaceutical stock rallying today?

The US Dollar (USD) underperforms its major currency peers as traders have trimmed Federal Reserve (Fed) interest rate hike expectations for the current year, following the release of the softer-than-expected United States (US) Consumer Price Index (CPI) data for June. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Australian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.13%-0.03%-0.05%-0.08%-0.14%0.06%0.00%EUR0.13%0.04%0.07%0.06%-0.06%0.13%0.13%GBP0.03%-0.04%0.02%-0.01%-0.11%0.09%0.08%JPY0.05%-0.07%-0.02%-0.02%-0.10%0.10%0.06%CAD0.08%-0.06%0.01%0.02%-0.07%0.08%0.09%AUD0.14%0.06%0.11%0.10%0.07%0.17%0.14%NZD-0.06%-0.13%-0.09%-0.10%-0.08%-0.17%-0.01%CHF-0.01%-0.13%-0.08%-0.06%-0.09%-0.14%0.00% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top…

Gold (XAU/USD) attracts some sellers after failing to find acceptance above the $4,100 mark the previous day, though it holds above the $4,000 psychological mark during the Asian session on Wednesday. Despite soft US Consumer Price Index (CPI) data, investors remain worried about energy-driven inflation as escalating US-Iran tensions and the closure of the Strait of Hormuz remain supportive of elevated crude oil prices. Furthermore, US Federal Reserve (Fed) Chair Kevin Warsh reiterated the price stability commitment in his first congressional testimony, leaving the door open for at least one rate hike by year’s end. This, to a large extent,…