Currencies and Forex Analysis & Opinion

CAD While today’s PMI numbers should add further confirmation that the Canadian economy remains weak, it is tomorrow’s jobs report that is key for the Bank of Canada. Admittedly, markets do expect to...

CAD The return of Canadian traders to the office yesterday after the Canada Day holiday saw USDCAD drop by 0.4%, largely reversing Monday’s climb. This price action belied yet another signal that...

This week is a pivotal one for GBP/USD and EUR/USD, with political events in the UK and France coupled with significant US economic data releases. Traders should stay alert to developments and be...

CAD Despite a holiday disrupted Monday due to Canada Day, USDCAD still posted gains of almost 0.5% to start the week, with the upwards impetus coming from a soft set of ISM manufacturing PMIs south...

Yen tumbles as BOJ's dovishness clashes with Fed tightening, USD/JPY breaks 160 barrier. Don't expect a quick reversal - slow BOJ hikes unlikely to dent USD/JPY strength in the near future. Key US...

Fed, ECB speeches - as well as Fed minutes - will guide the US dollar's direction in the first week of H2 French elections may increase EUR/USD volatility Key support for the DXY is 106, with...

In this video, we look at very long-term charts to see where the next stop for USD/JPY could be if the rally continues.

In this new video, I discuss how to Choose the Best Forex Pairs to trade

CAD Looking back over the week so far, USDCAD price action has failed to tell the story of the key events in Canada. Most significantly, despite a hotter than expected CPI reading on Tuesday taking a...

Japanese Yen - How Low Can it Go? In this video: We look VERY long-term charts for key levels Why the Japanese Yen is weak When will the USD/JPY intervention happen How to trade intervention

The euro remained under pressure ahead of the French snap election following more signs of weakness in Germany’s economy. In response, the US dollar strengthened further, leading to a fresh...

CAD USDCAD finished Tuesday’s session unchanged on the day, something of a surprise given that hot CPI data put a sizable dent in the odds of a July rate cut from the BoC. Having been expected to...

CAD While BoC Governor Macklem hit the airwaves to kick off the week, his comments on the Canadian labour market and inflation did little for the loonie, which traded broadly in line with other G10...

Looking at the EUR/USD chart, a double-bottom formation seems to be forming. This comes amid the ECB avoiding talk of further cuts. At the end of the week, important data from the US can spark moves...