Currencies and Forex Analysis & Opinion

Key U.S. and eurozone data could set the tone for EUR/USD ahead of the election. Fed's rate decision and GDP updates may drive volatility in the currency pair. Traders should brace for big moves, as...

The proximity to the US election can favour more deleveraging in FX, raising risks that less liquid currencies will face the pressure reserved for Trump-risk proxies. The US macro calendar picks up...

CAD Domestically, August GDP is the major event of note for Canadians this week. That said, events south of the border should be just as consequential if not more so for the loonie. In particular,...

It looks like Donald Trump is edging ahead in opinion polls – although the outcome of next week’s election remains a toss-up given the polling margin of error. Financial markets, however, seem to be...

CAD The loonie spent much of yesterday’s trading playing catch up. As we noted following Wednesday’s BoC decision, the combination of commentary and Bank forecasts was much more dovish than it seemed...

The US dollar lost some ground yesterday on a correction lower in Treasury yields, but upside risks from the US election persist. Donald Trump’s seemingly stronger momentum should translate to higher...

This is the first BRICS summit since Egypt, Ethiopia, Iran, and the UAE joined the bloc earlier this year. Among many things on the agenda is the issue of reducing reliance on the US dollar in...

CAD This afternoon’s BoC decision should be the big market event of the day. We expect to see the Governing Council cut rates by 50bps – a step up in the pace of easing after a series of 25bp moves...

CAD Perhaps unsurprisingly, tomorrow’s BoC meeting is likely to be garnering the majority of attention from loonie traders today. Markets see an 86% chance that the Governing Council delivers a 50bp...

Inflation data from the UK sparked speculation of more rate cuts by the BoE. This has put GBP/USD bears on alert. With the pair near 1.30, traders are watching for a potential breakout towards...

A strong U.S. economy and geopolitical risks are key drivers for the US dollar's current trajectory. Differing central bank approaches globally favor the dollar amid potential trade policy...

CAD The one major central bank decision of significance this week is set to come from the BoC. We are looking for a 50bp cut, with markets currently split between looking for either that, or a...

USD: Beige Book is probably the biggest threat to the dollar FX markets seem to be positioning for a Trump victory in next month's US presidential election. October seems to have been a good month...

CAD A blank data calendar and an upcoming BoC decision next week should see loonie traders’ attention today focused on risks that the Governing Council could accelerate the easing pace ahead of their...