Author: Robert Jessi

AUD/USD gains ground after remaining flat in the previous day, trading around 0.6930 during the Asian hours on Thursday. The currency pair maintains its position as the Australian Dollar (AUD) moves little following the Consumer Price Index (CPI) inflation data release from New Zealand’s close trading partner, China. Market attention will shift toward the US weekly Initial Jobless Claims report for further direction.The National Bureau of Statistics (NBS) of China reported that inflation came in at 1.0% year-over-year (YoY) in June, against the 1.2% in May. The market consensus was for 1.1% in the reported period. CPI inflation arrived at…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…

The US Dollar to Canadian Dollar (USD/CAD) exchange rate continues to trade near 1.4210, with the Canadian Dollar struggling to recover despite some easing in US-Canada interest-rate differentials. Scotiabank believes the Loonie remains fundamentally undervalued, but warns that its scope for a meaningful recovery has narrowed. The bank notes that confirmation the US will not renew the USMCA trade agreement has extended uncertainty for Canadian exporters, even though negotiations are expected to continue. According to Scotiabank, the Canadian Dollar “continues to look fundamentally cheap”, but the degree of undervaluation has steadily diminished over the past month, leaving “limited upside potential…

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stock reached a 52-week low, touching $73.14, amid a challenging year for the company. The stock currently trades at $73.19, just pennies above its 52-week low of $73.15. Over the past 12 months, the stock has experienced a decline of 16.88%, reflecting broader market pressures and potential company-specific challenges. Despite this downturn, InvestingPro analysis suggests the stock is undervalued relative to its Fair Value, placing it among stocks on the Most Undervalued list. This downturn marks a significant low point for Graco Inc, as investors weigh the company’s performance against market expectations and economic conditions. Yet the company maintains strong…

The FX and broader market are not exactly clutching their pearls over the renewed US-Iran escalation. Takeaways The dollar has a geopolitical bid, but not a panic bid; smoke is supporting it mechanically, not transforming the whole FX landscape. The FOMC minutes are stale bread. The market backdrop has changed since the June dots were pencilled in, especially on energy and labour. Rates look too aggressively priced for Fed hikes unless oil re-ignites and turns the inflation story back into a live wire. Dollar longs are building on Warsh’s hawkish reputation, but if CPI softens and he sounds more balanced…

USD The dollar extended gains overnight as US-Iran tensions reinforced safe-haven demand. Higher oil prices, stronger Treasury yields, and a Fed withholding forward guidance are keeping the dollar supported. Rate markets still price further Fed tightening over the coming meetings. The FOMC minutes are the key event this week, although they may offer limited guidance under Chair Warsh’s communication blackout. Any hawkish tone would extend the dollar bid. EUR remains under pressure as the stronger dollar and higher energy prices weigh on the euro. above $76/bbl adds to euro area growth concerns while keeping inflation risks alive. Front-end EURUSD volatility…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…

Potential signal: — As I have stated previously, I’m perfectly comfortable buying this currency pair right here with a stop loss below.– I would use the 1.3840 level as a potential stop loss, and 1.42 as a potential target. The US dollar has risen again against the Canadian dollar during the trading session on Thursday, breaking above the crucial 1.39 level. Ultimately this is a market that I think continues to look toward the 1.40 level, possibly even higher than that. [geotargetedbrokercarousel] It’s worth noting that the US dollar rallied against almost everything during the trading session on Thursday, and…

Dollar at week-high after US resumes Iran strikes; RBNZ hike hoists kiwi