Currencies and Forex Analysis & Opinion

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...

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...

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...

USD/JPY struggles near 142 after weaker-than-expected economic data from Japan. The downtrend in GDP and inflation data raises doubts about further BoJ rate hikes. Watch for a potential decline to...

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...