Currencies and Forex Analysis & Opinion

CAD As expected, the BoC cuts rates by 25bp in their latest policy decision, announced yesterday. Similarly in line with expectations, BoC Governor Macklem ran back commentary from July suggesting...

CAD A BoC rate decision should be the main event for loonie traders today, with an announcement due at 14:45 BST. Anything other than a 25bp cut would be a major surprise. Instead, all attention will...

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...

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...

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...

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...