Currencies and Forex Analysis & Opinion

CAD Yesterday’s CPI release had minimal impact on the loonie, and on BoC easing expectations, as expected. Price growth cooled to 2.5% YoY while underlying inflation measures also eased, checking...

CAD Today’s CPI release should be the major event of note for loonie traders, even as we doubt that it will do little to derail the odds of BoC easing next month. The Governing Council has already...

The EUR/USD pair is nearing a critical resistance level at 1.11 as the greenback weakens ahead of Jackson Hole. Federal Reserve minutes and Jerome Powell’s Jackson Hole speech are key this...

We discussed the prospect of a low on the Japanese Yen currency several weeks ago. You can see the original chart below. The Japanese Yen did rally off important price support and many assets...

Markets stabilized with positive data easing US recession fears, but the US dollar's decline continued. The DXY may face further declines if it falls below the 101.8 support level, with a potential...

CAD The Canadian Dollar’s path to September’s interest rate decision will be made clearer this week. Notwithstanding the Canadian economy’s sensitivity to central bank policy across the border, the...

CAD The slow, choppy grind higher for USDCAD continued on Thursday, propelled largely by US retail sales data that exceeded expectations. Even so, a lack of top-tier releases should see minimal...

CAD USDCAD rose modestly on Wednesday after briefly threatening to consolidate below 1.37. Even so, we are still inclined to view the loonie as rich given the divergent economic realities playing out...

The just-released US PPI report was weaker than expected and we saw an immediate drop in the dollar in response. Earlier we had mixed-bag UK employment data helping to lift the pound across the...

CAD Similar to the greenback, the loonie also saw a quiet start to the week. A lack of cross-asset price action and minimal domestic catalysts left USDCAD to drift through Monday trading, with little...

GBP/USD is stabilizing ahead of key US and UK inflation data this week. Strong US inflation could shift rate cut expectations, while UK data may influence the Bank of England’s decisions. The pair...

The US dollar has been attempting to stage a recovery. But, the greenback remains in a broader downtrend. Retail sales, CPI data could ignite a move in the US dollar index. For less than $8 a month,...

USD The dollar starts the week in a quiet fashion after a very volatile week which saw it break out of recent ranges against its main counterparts, notably the EUR and JPY. With a busy calendar...

CAD After some jitters to start the week, rebounding equities and an otherwise sparse data calendar have seen sustained loonie appreciation in advance of today’s jobs report. This afternoon’s data...