Russia expands military cooperation with Iran — WSJ

Russia expands military cooperation with Iran — WSJ

Russia has been expanding its ‌intelligence sharing and military cooperation with Iran, providing satellite imagery and improved drone technology to aid Tehran’s targeting of US forces in the ‌region, the Wall Street Journal reported on Tuesday. The source said that the support is designed to sharpen Iran’s ability to identify and strike American military assets […]

Range holds as fair value diverges – Scotiabank

Range holds as fair value diverges – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is flat against the Dollar (USD) but supported by elevated Oil prices and narrow yield spreads. They see USD/CAD fundamentally rich versus a fair value (FV) in the mid‑1.34s and expect a 1.3650–1.3720 range near term, with focus on Wednesday’s Fed and Bank […]

Struggles to extend recovery above 1.1530

Struggles to extend recovery above 1.1530

The EUR/USD pair holds onto Monday’s gains slightly above 1.1500 during the European trading session on Tuesday. The major currency pair trades firmly as the US Dollar (USD) has come under pressure ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s […]