Currencies and Forex Analysis & Opinion

The US dollar has reached a two-month high. Key market movers this week include the PCE inflation data and comments from Fed officials. The euro struggles amid political uncertainty in Europe, while...

CAD The back end of last week offered only muted USDCAD price action, despite a better-than-expected April retail sales report that offered a counterpoint to the narrative of weak Canadian growth....

CAD Canadian retail sales data should be in focus for loonie traders today. Markets are expecting a solid expansion in consumer activity, with headline sales likely to rise by 0.7% MoM in April....

CAD While a US holiday took the focus off North America yesterday, USDCAD still weakened at the margin, falling by just shy of 0.1%. Most significantly though, the loonie’s fractional move higher was...

CAD The Canadian dollar has been stuck in a wedge this week, pushed moderately higher by a strong equity backdrop but capped by dovish BoC expectations. We suspect the latter dynamic will prove the...

Warning! It may not happen but you need to beware of potential Japanese Yen Intervention risk on June 19. Here's why: 1. Juneteeth US holiday 2. USD/JPY takes out 158 3. Weaker US data and lower US...

BoE is set to decide on monetary policy on Thursdaay. Consensus assumes the central bank will hold steady at least until UK general elections. But a dovish surprise is always in the cards and may...

CAD While the loonie is likely to get off to a slow start to the week, with a light data calendar leaving USDCAD price action to be dictated by cross asset condition and events in the US, the BoC’s...

From its high point on Friday to its lowest so far this week, the EUR/USD has fallen about 170 pips, or 1.57% in the pace of two and a half sessions. Friday’s drop was triggered by a stronger US jobs...

Several factors are weighing on the EUR/USD at the moment. Strong US labor market data, along with political uncertainty in the EZ has put the currency pair under pressure. Can EUR/USD hold support...

Here are the 3 Reasons why European Election Results were So BAD for EURO and the European markets

Dollar surges after strong jobs data, defying earlier weakness. Key inflation data and Fed decision this week could determine dollar's direction. Euro has weakened against the resurgent dollar and...

After a data-driven slump on Monday, the US dollar has since been a little stronger against most major currencies and was holding in the positive territory at the time of writing in the mid-morning...

ECB decision this week could affect euro pairs, with EUR/GBP in focus. EUR/GBP is at a critical support level, and the ECB's decision could trigger a rebound. Meanwhile, GBP/USD is on an upward...