Currencies and Forex Analysis & Opinion

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...

Labour Party secures majority in UK election with 412 seats, calming market expectations. GBP/USD remains stable amid anticipation of steady fiscal policies and potential BoE rate cuts. US inflation...

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 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...

Yen tumbles as BOJ's dovishness clashes with Fed tightening, USD/JPY breaks 160 barrier. Don't expect a quick reversal - slow BOJ hikes unlikely to dent USD/JPY strength in the near future. Key US...

Fed, ECB speeches - as well as Fed minutes - will guide the US dollar's direction in the first week of H2 French elections may increase EUR/USD volatility Key support for the DXY is 106, with...

CAD Even as political risks in Europe dominate market thinking to start the week, Canadian jobs data on Friday should not be overlooked. This week’s jobs report is the final labour market print...