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FX

Should you invest in the stock market now? UBS weighs in

U.S. stocks are rebounding from last week’s selloff, but investors continue to face uncertainty from geopolitical tensions, inflation concerns and elevated expectations for artificial intelligence-related companies. Ris…

The Japanese Yen has a second buyer nobody will name

Thursday's record Yen defence is the story everyone has written. Friday is the one that matters, because the Dollar has been sold in three separate lurches since the Tokyo morning, nobody has claimed any of them, and th…

Gold slides as US yields surge, keeping $4,100 out of reach

Gold price tumbles nearly 1.50% on Friday as the US Dollar recovers some ground after Japanese authorities intervened in the foreign exchange markets a day ago, driving the Greenback to a 30-day low before recovering, a…

Why is Perimeter Solutions stock plunging today?

Shares of medical technology company Stryker (NYSE:SYK) fell 7.3% in the morning session after the company reported second-quarter results that showed revenue that only met Wall Street's expectations and organic sales g…

Bank of Canada: Strong GDP lowers cut risk – TD Securities

TD Securities’ Robert Both and Emma Lawrence note that stronger-than-expected Canadian Gross Domestic Product (GDP) data support a brighter growth outlook but do not materially change their Bank of Canada (BoC) view. Th…

Australian Dollar holds despite weak Chinese PMIs

AUD/USD trades around the 0.7020 area during Friday's American session. The pair remains under mild pressure as disappointing Chinese business activity data offsets stronger Australian inflation expectations, while rene…

Euro recovers as Eurozone inflation stays firm

EUR/USD trades near the 1.1530 area during Friday's American session, consolidating after a strong rally off intraday lows. The Euro found support from resilient Eurozone inflation data, although gains remain capped as …

British Pound holds firm as USD rebounds from intervention rout

The Pound Sterling retreats some 0.02% on Friday as the Greenback stages a recovery following Thursday’s intervention day, which weakened the US Dollar Index (DXY) to a 30-day low. At the time of writing, the GBP/USD tr…

Canada: Growth outpaces forecasts – RBC

Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canadian Gross Domestic Product (GDP) rose 0.3% in May, with an advance estimate of 0.2% for June, indicating a solid second-quarter rebound aft…