Currencies and Forex Analysis & Opinion

CAD While most eyes were on the Fed yesterday, Canadian GDP data for May proved much more informative for USDCAD traders, seeing the pair fall 0.3%. The data showed that the economy grew by 0.2% MoM,...

The EUR/USD pair will remain in focus heading into the second half of Wednesday’s session and the week. This morning's stronger-than-expected Eurozone CPI release has made a potential September rate...

CAD After a quiet start to the week, today’s GDP reading combined with this evening’s Fed decision should give loonie traders something to finally chew on. We think both events should prove net...

CAD The slow grind higher for USDCAD continued to start the week. Despite a lack of domestic catalysts from either the US or Canada, a risk-off tone on Monday helped the loonie to slide a further...

The big question for FX markets is whether July’s sharp correction is over. We think events tomorrow (Bank of Japan and Fed meetings) will have a big say. Before then, US JOLTS and consumer...

BoJ is set to decide on interest rates tomorrow. While the central bank is expected to hold rates steady, a surprise remains in the cards. A hawkish move to spark a strong downside breakout below...

The US dollar has been consolidating sideways as global risk appetite improves. Currently, the greenback is looking for a direction, and NFPs could prove a catalyst. Weaker-than-expected data could...

CAD The loonie should take more of a back seat this week, with central bank meetings in the US, UK, and Japan in focus for traders, though given the market bias to continue pricing BoC easing...

CAD The loonie continued to track lower against the dollar on Thursday, in line with our call for the pair. All told, we think current valuations better reflect Canadian fundamentals, having spent...

The Turkish Lira has shown resilience against the US Dollar, trading near the 33 level. Factors such as the Central Bank of Turkey's tightening policy and Moody's credit rating upgrade have...

CAD While the BoC cut rates, as was widely expected and in line with our pre-announcement call, yesterday’s meeting skewed dovish, with Governor Macklem appearing to leave the door open to cuts at...

The Japanese Yen currency has been in a strong selloff for the past 12+ years. Today, we ask: Could the Yen finally be bottoming? As you can see on the long-term monthly chart of the Japanese Yen...

CAD Even as traders elsewhere in the world have growth in focus today, loonie watchers will be monitoring the BoC like hawks, with a rate decision set to be unveiled at 14:45 BST. We expect the...

CAD Traders turned bearish on the loonie through Monday’s session, a move that saw USDCAD climb a quarter of a percent to start the week. Whilst the loonie’s slide arguably belied cross-asset...