Currencies and Forex Analysis & Opinion

CAD While Friday’s doubleheader of US and Canadian payrolls is likely to be the key set of risk events for USDCAD, before then, Wednesday’s BoC rate decision should be a close second in importance....

The US dollar, after hitting a yearly low, is showing signs of recovery. The jobs report will be a decisive factor for the rebound going ahead. Resistance is at the 102 level, with potential support...

USD The US dollar performed well against its major peers yesterday following stronger-than-expected economic data released on Thursday. Investors await July’s US Personal Consumption Expenditure...

CAD The Canadian dollar experienced its first decline in four days, as the greenback rallied against all Group-of-10 currencies amid supportive month-end flows. The Bloomberg dollar gauge increased...

Let me introduce you, for those who aren’t already acquainted, to the Unidad de Fomento. The Unidad de Fomento (UF) is an almost-unique currency in the world.[1] It was established in 1967 by Chile...

CAD The Canadian dollar continued its recent strength against the US dollar. General USD weakness accounts for some of the CAD gains but position adjustment (CAD short covering) could also be a...

Gold has been consolidating gains after its recent surge to record highs. As of now, the bulls are looking for new catalysts to push the prices higher. The yellow metal needs a boost from 2 key...

The GBP/USD pair has surged above 1.32, reaching its highest level since March 2022. Key macro readings this week will influence future Fed rate cut expectations and impact the pair. US dollar...

In this new video, I share one of my favorite 15-hour timeframe chart trading strategies that can be used to pick tops and bottoms with accuracy in the forex market.    

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...