Currencies and Forex Analysis & Opinion

The USD/CAD faces a big test this week, for not only do we have significantly important data from the US, but there’s also a rate decision across the northern border in Canada. Meanwhile, we will...

Silver is testing a pivotal support zone. If this level holds, it could present a dip-buying opportunity for traders. However, a breach of that level could signal further downside. For less than $8...

CAD Tomorrow’s BoC decision remains the major domestic event of the week for loonie traders. We continue to expect a 25bp cut from the Governing Council, accompanied by a signal that further cuts are...

Eurozone CPI data paves the way for more cuts. This comes at a time when the market is debating between a 25 or 50 bps cut by the Fed. Meanwhile, the EUR/USD pair is nearing a key support area. For...

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...

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 Much like the ECB, the base case is for the BoC to cut rates in September. Whilst the next step in Canadian monetary policy is largely priced in, Canadian GDP on Friday may prove to provide some...

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...

Odds are firmly against the bulls, as US dollar keeps heading lower. As of now, the greenback is approaching a critical support at 100. Break below this level could lead to a bigger decline. For...

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...