Currencies and Forex Analysis & Opinion

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...

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...

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...

CAD While tomorrow’s jobs data remains the key domestic risk event of note for loonie traders this week, more immediate USDCAD price action is likely to be determined by this afternoon’s US CPI...

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...