Author: Robert Jessi

Higher oil prices no longer offer the Canadian Dollar reliable support, with housing stress, weak growth and rate differentials now driving CAD. Canada’s Dollar used to have a fairly simple story. Oil went up, and the currency usually followed. That relationship has weakened considerably. MRB Partners says the Canadian Dollar’s historical sensitivity to crude oil has “diminished materially over the past decade”, leaving domestic housing, credit and growth risks with far more influence over the currency. “Historically, the CAD would have been a go-to currency on the back of higher oil prices,” MRB said, “but its historical beta to crude…

DBS Group Research expects Singapore’s final 2Q26 GDP to be revised up to 5.9% year-on-year and 1.3% quarter-on-quarter seasonally adjusted, driven by stronger manufacturing and services. With first-half growth above trend, the team sees a high chance the government will raise its 2026 GDP forecast to 4.0–5.0%, while still highlighting significant uncertainty and downside risks.Growth beats trend, forecast upgrade in sight”We expect Singapore’s final 2Q26 GDP print to be revised up to 5.9% yoy and 1.3% qoq sa, from the advance estimates of 5.7% yoy and 1.1% qoq sa.””The modestly higher growth figures were driven by a firmer manufacturing outturn…

While selling BTC is not alarming in itself, it seems to go against Executive Chairman Micheal Saylor’s public image as a permanent buyer of BTC. So why did Strategy have to sell?  The ongoing BTC bear market (BTC is down about 52% from its October 2025 high to its low in June of 2026) led the price of Strategy shares to fall below the value of its underlying BTC holdings. This made it difficult to raise fresh capital to meet their U.S. dollar obligations such as dividend payments. Simply put, they had to sell BTC to raise cash to meet…

Berkshire’s profit doubles as equity holdings surge; buys back $4.5 bln shares

United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CNH confined to a narrow intraday range, with flat momentum suggesting consolidation between 6.7450 and 6.7550. Their 1–3 week view still anticipates the Dollar edging lower toward 6.7300 while 6.7640 caps the upside, and over 1–3 months a sustained recovery requires a break above the 21-week EMA at 6.8430.Dollar seen consolidating in tight band”24-HOUR VIEW: Following Wednesday’s price movements, we highlighted the following yesterday: “Despite the quiet price action, the underlying tone appears to be soft, and there is a chance for USD to test 6.7420. However,…

DBS Group Research anticipates China’s credit demand to stay weak in July, with new Yuan loans around RMB 10.8 billion and M2 growth at 8% year-on-year. Corporate and household medium- to long-term lending are likely to soften amid cautious borrowing and mortgage prepayments. Elevated precautionary savings and subdued property prices are expected to constrain investment and consumption.Weak lending and elevated savings”Credit demand remains weak, with new yuan loan is expected to stay at RMB10.8bn in July.””Both corporate and household medium- to long-term lending likely softened amid cautious borrowing sentiment and continued mortgage prepayments.””M2 growth is expected to remain at 8.0%…

Higher oil prices no longer offer the Canadian Dollar reliable support, with housing stress, weak growth and rate differentials now driving CAD. Canada’s Dollar used to have a fairly simple story. Oil went up, and the currency usually followed. That relationship has weakened considerably. MRB Partners says the Canadian Dollar’s historical sensitivity to crude oil has “diminished materially over the past decade”, leaving domestic housing, credit and growth risks with far more influence over the currency. “Historically, the CAD would have been a go-to currency on the back of higher oil prices,” MRB said, “but its historical beta to crude…

Kevin Warsh’s ambiguity at the July FOMC means data releases like today’s carry greater risks of an outsized market reaction. Our call (70k) is close to consensus (80k), with only a tick higher in to 4.3%, which could drive a small dollar drop. We are still looking at no and dollar softening going forward USD: Unemployment Rate Can Tick Higher Today Our latest fair value models show that short-term rate differentials have become increasingly the predominant driver of USD moves of late. Federal Reserve Chair Kevin Warsh’s ambiguous communication incidentally means more flexibility for markets to interpret data under the…

The company reported a loss attributable to common shareholders of $1.8 billion or $1.17 per share for the quarter ended June 30. The results compared with a profit of $7 million in the same quarter last year. Operating revenue and other income totalled $4.92 billion, down from $5.08 billion a year earlier. On an adjusted basis, Telus says it earned 16 cents per share in its latest quarter compared with an adjusted profit of 22 cents per share a year earlier. Telus also announced a quarterly dividend to its shareholders of 18 cents per share, payable on Oct. 1. Source…

Palantir director Lauren Stat sells $500,280 in stock