Currencies and Forex Analysis & Opinion

CAD Even with Chair Powell’s appearance in Jackson Hole likely to be the key driver for USDCAD ahead of the weekend, we suspect the loonie traders will also be keeping a close eye on domestic...

CAD While USDCAD took yet another leg lower yesterday, we see upside risks for the loonie building. Chief amongst these are the rail strikes that began in Canada overnight. This marks the first time...

The EUR/USD pair has surged to its highest level in over a year. The market is now focused on Jerome Powell's upcoming speech alongside some key economic data from the US. In this piece, we'll take...

CAD Yesterday’s CPI release had minimal impact on the loonie, and on BoC easing expectations, as expected. Price growth cooled to 2.5% YoY while underlying inflation measures also eased, checking...

CAD Today’s CPI release should be the major event of note for loonie traders, even as we doubt that it will do little to derail the odds of BoC easing next month. The Governing Council has already...

The EUR/USD pair is nearing a critical resistance level at 1.11 as the greenback weakens ahead of Jackson Hole. Federal Reserve minutes and Jerome Powell’s Jackson Hole speech are key this...

Markets stabilized with positive data easing US recession fears, but the US dollar's decline continued. The DXY may face further declines if it falls below the 101.8 support level, with a potential...

CAD The Canadian Dollar’s path to September’s interest rate decision will be made clearer this week. Notwithstanding the Canadian economy’s sensitivity to central bank policy across the border, the...

CAD The slow, choppy grind higher for USDCAD continued on Thursday, propelled largely by US retail sales data that exceeded expectations. Even so, a lack of top-tier releases should see minimal...

CAD USDCAD rose modestly on Wednesday after briefly threatening to consolidate below 1.37. Even so, we are still inclined to view the loonie as rich given the divergent economic realities playing out...

CAD With little on the radar domestically, US CPI will be the focus for loonie traders later today. As noted above, we expect to see a 0.2% MoM core inflation print, matching expectations, with Fed...

The just-released US PPI report was weaker than expected and we saw an immediate drop in the dollar in response. Earlier we had mixed-bag UK employment data helping to lift the pound across the...

CAD Similar to the greenback, the loonie also saw a quiet start to the week. A lack of cross-asset price action and minimal domestic catalysts left USDCAD to drift through Monday trading, with little...

GBP/USD is stabilizing ahead of key US and UK inflation data this week. Strong US inflation could shift rate cut expectations, while UK data may influence the Bank of England’s decisions. The pair...