Author: Robert Jessi

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Gold price (XAU/USD) declines to around $4,015 during the early Asian session on Tuesday. The precious metal extends its downside as inflationary pressure raised expectations that central banks would keep interest rates higher for longer.CNBC reported on Monday that the United States and Iran are set to hold fresh talks on Tuesday in Doha, Qatar, following a weekend of hostilities in the Middle East. However, uncertainty remain high and there was no response from Iran’s Ministry of Foreign Affairs.“The market is attuned to Middle East headlines, (with) some uptick in tensions over the weekend and still adjusting to a more hawkish Fed…

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US President Donald Trump said via social media on Monday that the US and Iran are set to hold fresh talks on Tuesday in Doha, Qatar, following a weekend of hostilities in the Middle East, CNBC reported.“IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN DOHA!,” Trump said in a post on Truth Social.Meanwhile, Iran said that no negotiation meetings are scheduled with Washington at any level in the coming days, as Tehran remains focused on implementing the memorandum of understanding rather than moving to final agreement talks.Iranian President Masoud Pezeshkian stated on Monday that Iran will honor…

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The Pound to Canadian Dollar (GBP/CAD) exchange rate traded in a narrow range last week as investors balanced UK political developments against stronger Canadian inflation and softer oil prices. At the time of writing, GBP/CAD was trading at CA$1.8755, little changed on the week. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.87384Euro to Canadian Dollar (EUR/CAD): 1.6161Dollar to Canadian Dollar (USD/CAD): 1.41946 DAILY RECAP: The Pound (GBP) proved resilient last week, with Sterling holding steady despite Prime Minister Keir Starmer’s resignation. The move had already been largely priced in by GBP investors, meaning the announcement did little to unsettle…

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The US Dollar to Canadian Dollar (USD/CAD) exchange rate remains close to multi-year highs, trading around 1.4195 after rallying almost 3% during June. Citi has upgraded its USD/CAD forecasts, raising its three-month target to 1.43 from previous estimates and lifting its six to 12-month forecast to 1.42, reflecting a more constructive outlook for the US Dollar. The bank believes policy divergence remains the key driver, arguing there is “asymmetric scope for policy divergence” as the Federal Reserve signals a willingness to tighten while the Bank of Canada remains constrained by subdued core inflation and uncertainty surrounding the USMCA trade agreement.…

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The instinct to “go American” makes sense but can be expensive When London accepted a new job opportunity in Seattle, he assumed one of the first things he would need to do was convert his Canadian investment portfolio into U.S. dollars. Like many Canadians moving south, the logic seemed straightforward: If he was going to live, work, and spend money in the United States, shouldn’t his investments be in U.S. dollars too? At the time of his move, London had approximately $500,000 invested in a non-registered account at a Canadian financial institution. The problem? Currency conversions are not investment decisions—they…

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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…

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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. …

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USD The dollar slipped for a second session on Friday, the ending the week around 101.2, though the index still held a roughly 0.3% weekly gain. The centrepiece this week is Thursday’s June payrolls report, pulled forward ahead of Friday’s July 4th closure. We look for a headline print broadly in line with consensus, which projects 115k jobs added in June and unemployment steady at 4.3%. That is an outcome we think favours no change rather than further hikes, though two successive payroll beats temper that conviction. ISM manufacturing and JOLTS feature midweek, and Warsh speaks at Sintra on Wednesday.…

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