Author: FX
Stingray (RAY:CA) agreed to repurchase 1M shares from CDP Investissements for cancellation at C$15.40/share, totaling C$15.4M. The buyback will be funded using the company’s existing cash on hand. La Caisse will sell an additional 2.3M shares through an underwritten block Source link
GBP/JPY has pulled sharply lower after failing to hold its recent highs, bringing the 213.00 area back into focus. The move suggests downside momentum has picked up, but the pair is now trading in a zone where sellers may need fresh follow-through to stay in control. For traders, the key question is whether this drop marks the beginning of a deeper pullback, or whether the latest slide has already gone far enough to attract dip-buying interest. This is a “watch closely” moment: a quick stabilization near current levels could hint at a rebound attempt, while continued weakness below 213.00 may…
The US and Iran formally signed a peace memorandum and reopened the Strait of Hormuz, lifting stocks and bonds while the dollar firmed and gold slid. Source link
Trump on TruthSocial posts:Trumps “reply” to the Supreme Leaders comments are controlled. He seems to also be talking to Isreal to not muck things up. The Supreme leader was a more confrontational and negative, but his audience requires that he remain confrontational.. This article was written by Greg Michalowski at investinglive.com. Source link
EUR/USD trades around 1.1470 on Thursday at the time of writing, down 0.22% on the day and hovering near its lowest level in two months. The pair extends its decline from the area above 1.1600 reached earlier this week, as the US Dollar (USD) continues to benefit from the Federal Reserve’s (Fed) hawkish policy outlook.The Fed left its benchmark interest rate unchanged within the 3.5%-3.75% range on Wednesday, in line with market expectations. However, updated economic projections showed that roughly half of the Federal Open Market Committee (FOMC) members still expect at least one additional rate hike before the end…
Kuwait boost oil output to above 2 million barrels per day in a weekSees faster oil output than previously thoughtWill that all force majeure with immediate effectCrude oil has slipped back below the $74.00 level, trading at $73.94 and down roughly $2.00 on the day. The decline extended to a session low of $73.42, bringing the price into a test of the 200-day moving average at $73.58. From a technical perspective, that moving average represents a key support target and an important line in the sand for traders. So far, buyers have been willing to lean against the level, helping…
AUD/USD’s bigger uptrend is still alive, but sellers are testing 0.7000 as Fed strength and China weakness bite this week. Source link
Nomura reports that the Swiss National Bank kept its policy rate at 0.00% in June and reiterated an increased willingness to intervene in FX markets if necessary to curb Swiss Franc strength. With inflation still within the 0–2% target and only slightly higher near-term projections, Nomura expects the SNB to hold rates at 0.00% for the foreseeable future.SNB holds rates and keeps FX tool ready”The Swiss National Bank (SNB) left its policy rate at 0.00% at its June meeting, as we and consensus expected. It maintained guidance, introduced at the last meeting, that it has ”an increased willingness to intervene”…
Energy prices still determined by war situationIf necessary our readiness to intervene in forex market is higher, difficult to say if it is more or less than beforeWe look at the whole situation when it comes to interventions, the franc has weakened a bit since the last meetingMany factors affect the exchange rate, the interest rate differential to ECB and our increased readiness to interveneGeopolitical, trade uncertainty is highThe future development depends on the situation in the Middle EastCan’t be ruled out that this de-escalation in the Middle East is just temporaryWe don’t give forward guidance, we decide from meeting…
Crude Oil prices drift lower on Thursday, weighed by hopes of a US-Iran peace agreement and the reopening of the key Strait of Hormuz. The price of the US benchmark West Texas Intermediate (WTI) barrel hit a three-month low of $73.36 on Thursday, on track for a more than 10% weekly decline.The US President Donald Trump signed a peace agreement with Tehran in the Palace of Versailles, in France, on Wednesday, and US officials disclosed details of the deal. Safe, toll-free passage through Hormuz has been included in the agreement, in exchange for waivers of sanctions on Iranian Oil, the…