Currencies and Forex Analysis & Opinion

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...

CAD CPI and retail sales should offer plenty of entertainment for loonie traders this week. The first of these is likely to show further disinflation progress, the second, a modest but still...

DXY fell to 100.7 after shifting expectations for a 50 basis point Fed cut Volatility is expected this week due to reduced liquidity and geopolitical risks The Fed’s decision on rate cuts will be...

CAD The loonie once again struggled to match price action across other G10 currencies on Thursday. USDCAD traded sideways, perhaps surprisingly given the rally for both oil and equities. That said,...

EUR/USD tests key support at 1.10 ahead of ECB rate decision. Dollar rebounds as market adjusts Fed rate cut expectations. We will discuss key technical levels to watch ahead of ECB and PPI. For...

CAD Despite the upside surprise to US core CPI, the loonie made headway through yesterday’s session. USDCAD finished Tuesday’s trading down 0.25%, almost entirely reversing Monday’s price action....

CAD Yesterday saw USDACD rising through 1.36, with the loonie hitting a three-week low against the dollar. This slide came as falls for both oil and equities conspired to weigh on CAD given the...

CAD The loonie outperformed on Monday, holding ground against the dollar even as other G10 FX started the week in retreat. That said, the lack of movement for USDCAD was not a surprise considering...

CAD Friday saw the loonie finishing the week in retreat, helped by an inconclusive US jobs report and a concurrent set of domestic readings that broadly skewed dovish. Net employment rose by 22.1k,...

The dollar kicked off the week on a positive note despite labor data coming in soft last week. Traders now look to Wednesday’s CPI report for clues on the Fed’s next rate move. Technical levels...

CAD The Canadian dollar has been a notable underperformer this week – unchanged against the greenback – with only Antipodean FX turning in softer results amongst the G10 FX complex. Even so, this...

EUR/USD traders are eyeing crucial U.S. economic data due tomorrow. The pair found support around 1.105 this week after hitting a yearly high in August. A break above a key resistance could push the...

CAD As expected, the BoC cuts rates by 25bp in their latest policy decision, announced yesterday. Similarly in line with expectations, BoC Governor Macklem ran back commentary from July suggesting...

CAD A BoC rate decision should be the main event for loonie traders today, with an announcement due at 14:45 BST. Anything other than a 25bp cut would be a major surprise. Instead, all attention will...