Currencies and Forex Analysis & Opinion

CAD Similar to the UK, yesterday’s Canadian inflation print was also soft. Unlike pound however, the loonie made gains post release, much to our surprise. USDCAD is now trading sub 1.38 in spite of...

CAD This afternoon’s Canadian CPI release, published at 13:30 BST, is arguably the major data release of note today. We expect to see headline inflation drop to 1.8% YoY, falling below the 2.0% BoC...

EUR/USD traders await the ECB meeting as the pair hovers near key support levels. Shifting Fed and ECB rate cut expectations continue to drive volatility in the pair. Upcoming U.S. economic data and...

CAD Canada is out today for Thanksgiving, which should keep loonie price action muted to start the week. Tomorrow, however, September’s Canadian inflation report should be a key event for the loonie....

DXY is testing key resistance amid strong economic data and geopolitical tensions. Fed remains cautious on more rate cuts, with upcoming retail sales data possibly swaying sentiment. Meanwhile,...

CAD Coming a week later than the counterpart US publication, this afternoon’s jobs report should be the focus for loonie traders. Markets are looking for a 27.0k net change in employment, up...

The big drop in Chinese markets we have seen over the past two sessions has kept the pressure on commodity dollars, although European majors EUR/USD and GBP/USD have been largely unaffected, with the...

CAD The loonie’s seemingly inexorable move higher continued on Tuesday, making it the fifth down session in a row for CAD. This move looks at little risk of petering out this morning too, with USDCAD...

Political turmoil in Japan is not conducive to further interest rate hikes, weighing on the yen. Meanwhile, US labor market remains strong, and Fed may be mulling a smaller hike. With this backdrop,...

CAD The emphasis for USDCAD traders to start the week remains Friday’s US jobs figures. This dynamic saw a decent jump for the pair on Friday, leaving the loonie edging towards 1.36 versus the...

Strong jobs data and geopolitical tensions boost the Dollar Index ahead of key inflation reports. Shifting Fed rate cut expectations position the greenback at a crucial resistance level. Ahead of...

CAD USDCAD drifted higher on Thursday, belying the light North American data calendar. In part, this was a function of broader strengthening for the greenback. But, it was nevertheless interesting to...

CAD Despite continued conflict in the Middle East, the loonie gave back some oil-fueled gains through Wednesday trading. This move higher for USDCAD is likely to extend today too, with PMI readings...

The EUR/USD pair struggles near 1.1050 amid upbeat US data and declining inflation in Europe. Traders brace for volatility ahead of crucial US employment data impacting rate expectations. A...