Currencies and Forex Analysis & Opinion

The dollar has weakened on disinflation data, pushing EUR/USD towards resistance at $1.09. Today's PPI data could impact rate cut expectations; continued disinflation could increase the...

CAD While the rest of the G10 complex traded on the front foot yesterday, the loonie was a notable laggard. Not only did softer than expected US price growth, and the prospect of looser Fed policy,...

CAD A positive session for equities saw the loonie finish Wednesday training in the green, notching gains of just over one-tenth against the dollar in spite of the barren data calendar. Today, all...

Ahead of Thursday’s release of US CPI, the US dollar has been in a holding pattern so far this week after dropping last week following the publication of mostly weaker US data. The weaker dollar last...

CAD A light data calendar saw USDCAD trade in a tight range once again on Tuesday, with neither cross-asset dynamics nor Chair Powell’s testimony in Congress offering much direction for the pair...

CAD Monday saw USDCAD trading in a very narrow 0.15pp range with a blank data calendar and mixed cross asset conditions offering little direction for the pair. Similarly, a lack of domestic data...

Weak U.S. data from last week led to a drop in the US dollar. At the same time, the Fed's more moderate messaging increased expectations of a September rate cut. The dollar index now faces critical...

CAD After a busy week just gone, loonie traders look set for a quieter data calendar coming up, with no major data prints scheduled out of Canada for this week. Even so, we are still inclined to...

As expected, the Polish MPC has left interest rates unchanged. The message coming from the MPC is increasingly hawkish. Polish zloty is back on the path of strengthening against the US dollar and...

Will the July nonfarm payrolls report disappoint, sending the US dollar lower? Let's take a look at what the signal is from the other labor market indicators are telling us

CAD While today’s PMI numbers should add further confirmation that the Canadian economy remains weak, it is tomorrow’s jobs report that is key for the Bank of Canada. Admittedly, markets do expect to...

CAD The return of Canadian traders to the office yesterday after the Canada Day holiday saw USDCAD drop by 0.4%, largely reversing Monday’s climb. This price action belied yet another signal that...

This week is a pivotal one for GBP/USD and EUR/USD, with political events in the UK and France coupled with significant US economic data releases. Traders should stay alert to developments and be...

CAD Despite a holiday disrupted Monday due to Canada Day, USDCAD still posted gains of almost 0.5% to start the week, with the upwards impetus coming from a soft set of ISM manufacturing PMIs south...