Currencies and Forex Analysis & Opinion

CAD Neither SEPH employment data nor the CFIB business survey proved market moving for USDCAD on Thursday. Today, however, July GDP figures are likely to be somewhat more impactful. Traders are...

CAD The loonie pared some recent gains on Wednesday, though still managed to outperform much of the G10 complex, with USDCAD rising just 0.4%. Today, however, we think this dynamic is set for a...

The EUR/USD pair is gaining momentum as expectations rise for a jumbo Fed rate cut in November. Key economic data and Fed commentary this week will guide traders' strategies. Watch for critical...

The EUR/USD was holding near the August high of 1.12 handle, still finding mild support from China’s announcement yesterday of large-scale stimulus measures. That announcement sent stocks surging and...

CAD CAD gained ground on Tuesday, testing multi-month highs against the softening USD. Markets are pivoting into a USD-short stance on rising expectations of future Fed rate cuts, helping to give the...

USD With the market still digesting the Fed’s cut last week, USD is lower across the board. The US Dollar index which measures the strength of the currency against its major peers is close to its...

CAD An appearance from Bank of Canada (BoC) Governor Tiff Macklem fizzled out on Friday, failing to jumpstart CAD flows as the BoC Governor focused on non-monetary policy musings. Looking ahead to...

The dollar index shows early signs of recovery as traders anticipate pivotal economic data this week. Key speeches from Fed members could reshape market expectations amid ongoing geopolitical...

CAD The loonie is trading modestly stronger this morning after last night’s Fed meeting. That said, we still think USDCAD looks cheap when considering the divergent fundamentals of the US and Canada....

EUR/USD breaks above 1.1150 as the dollar weakens following the Fed's first rate cut in over four years. Market expectations for further easing support the euro's upward momentum against the...

The US dollar index was trading lower in the early European trade, giving back some of its gains from Tuesday. This meant that the EUR/USD was trading modestly higher. FX markets are now likely to...

CAD As with other G10 currencies, US retail sales are likely to be closely studied by loonie traders. Indeed, we suspect it could be more significant for CAD than this afternoon’s CPI report. Unlike...

Silver's recent jump stalled at a key resistance level. Recession fears and Fed rate cut expectations drive silver's surge and mixed outlook. Watch for silver's ability to break $31.5; failure could...

EUR/USD back in an uptrend ahead of the Fed. The pair could challenge 1.12 resistance if the Fed opts for a 50 bp cut. Meanwhile, weakness in the US dollar is a tailwind too. Looking for actionable...