Currencies and Forex Analysis & Opinion

CAD After some jitters to start the week, rebounding equities and an otherwise sparse data calendar have seen sustained loonie appreciation in advance of today’s jobs report. This afternoon’s data...

USD The US dollar was fairly flat during yesterday’s trading session as the summer holiday period is in full swing. The US dollar Index (DXY), which measures the value of the dollar against six other...

USD Treasuries slid as stocks rebounded and recouped Mondays losses as EURUSD closed the day down 0.3% from Tuesdays open. Vice-president Kamala Harris and her newly announced running mate Tim Walz...

While US indexes, Nikkei futures, the USD/JPY and commodity dollars – some of the assets that have come under intense pressure – all bounced off their lows on Monday, we haven’t seen much...

CAD Having briefly spiked through 1.39 early morning, USDCAD traded lower on Monday in the wake of the broad dollar’s selloff. The key dynamic for the pair today, like much of the G10 FX complex, is...

Rising US unemployment and recession fears have weakened the US dollar. The EUR/USD pair is nearing the key 1.10 level, poised for potential gains. Economic data and a potential Fed rate cut could...

CAD US recession risks saw USDCAD climb through Thursday trading, a move that ultimately saw the loonie giving up 0.5% against the greenback. Moreover, given the continued risk-off mood visible...

CAD While most eyes were on the Fed yesterday, Canadian GDP data for May proved much more informative for USDCAD traders, seeing the pair fall 0.3%. The data showed that the economy grew by 0.2% MoM,...

CAD After a quiet start to the week, today’s GDP reading combined with this evening’s Fed decision should give loonie traders something to finally chew on. We think both events should prove net...

CAD The slow grind higher for USDCAD continued to start the week. Despite a lack of domestic catalysts from either the US or Canada, a risk-off tone on Monday helped the loonie to slide a further...

The big question for FX markets is whether July’s sharp correction is over. We think events tomorrow (Bank of Japan and Fed meetings) will have a big say. Before then, US JOLTS and consumer...

BoJ is set to decide on interest rates tomorrow. While the central bank is expected to hold rates steady, a surprise remains in the cards. A hawkish move to spark a strong downside breakout below...

This week, the forex market could see higher-than-usual activity with key central bank decisions and economic data releases. The Fed and BoE meetings, along with the NFPs report, will impact EUR/USD...

The US dollar has been consolidating sideways as global risk appetite improves. Currently, the greenback is looking for a direction, and NFPs could prove a catalyst. Weaker-than-expected data could...