Currencies and Forex Analysis & Opinion

CAD Looking back over the week so far, USDCAD price action has failed to tell the story of the key events in Canada. Most significantly, despite a hotter than expected CPI reading on Tuesday taking a...

Japanese Yen - How Low Can it Go? In this video: We look VERY long-term charts for key levels Why the Japanese Yen is weak When will the USD/JPY intervention happen How to trade intervention

The euro remained under pressure ahead of the French snap election following more signs of weakness in Germany’s economy. In response, the US dollar strengthened further, leading to a fresh...

CAD USDCAD finished Tuesday’s session unchanged on the day, something of a surprise given that hot CPI data put a sizable dent in the odds of a July rate cut from the BoC. Having been expected to...

CAD While BoC Governor Macklem hit the airwaves to kick off the week, his comments on the Canadian labour market and inflation did little for the loonie, which traded broadly in line with other G10...

Looking at the EUR/USD chart, a double-bottom formation seems to be forming. This comes amid the ECB avoiding talk of further cuts. At the end of the week, important data from the US can spark moves...

The US dollar has reached a two-month high. Key market movers this week include the PCE inflation data and comments from Fed officials. The euro struggles amid political uncertainty in Europe, while...

CAD The back end of last week offered only muted USDCAD price action, despite a better-than-expected April retail sales report that offered a counterpoint to the narrative of weak Canadian growth....

CAD While a US holiday took the focus off North America yesterday, USDCAD still weakened at the margin, falling by just shy of 0.1%. Most significantly though, the loonie’s fractional move higher was...

CAD The Canadian dollar has been stuck in a wedge this week, pushed moderately higher by a strong equity backdrop but capped by dovish BoC expectations. We suspect the latter dynamic will prove the...

Warning! It may not happen but you need to beware of potential Japanese Yen Intervention risk on June 19. Here's why: 1. Juneteeth US holiday 2. USD/JPY takes out 158 3. Weaker US data and lower US...

The US dollar fell modestly after a weaker-than-expected retail sales print, helping to lift FX pairs like the GBP/USD off their earlier lows, albeit modestly. The GBP/USD has not gone anywhere fast...

BoE is set to decide on monetary policy on Thursdaay. Consensus assumes the central bank will hold steady at least until UK general elections. But a dovish surprise is always in the cards and may...

CAD While the loonie is likely to get off to a slow start to the week, with a light data calendar leaving USDCAD price action to be dictated by cross asset condition and events in the US, the BoC’s...