Currencies and Forex Analysis & Opinion

CAD Coming a week later than the counterpart US publication, this afternoon’s jobs report should be the focus for loonie traders. Markets are looking for a 27.0k net change in employment, up...

CAD While tomorrow’s jobs data remains the key domestic risk event of note for loonie traders this week, more immediate USDCAD price action is likely to be determined by this afternoon’s US CPI...

The big drop in Chinese markets we have seen over the past two sessions has kept the pressure on commodity dollars, although European majors EUR/USD and GBP/USD have been largely unaffected, with the...

CAD The loonie’s seemingly inexorable move higher continued on Tuesday, making it the fifth down session in a row for CAD. This move looks at little risk of petering out this morning too, with USDCAD...

CAD The loonie continues to trend lower, in line with our longstanding base case. As previously noted, the differing fortunes on either side of the US-Canadian border warrant a significantly higher...

Political turmoil in Japan is not conducive to further interest rate hikes, weighing on the yen. Meanwhile, US labor market remains strong, and Fed may be mulling a smaller hike. With this backdrop,...

Strong jobs data and geopolitical tensions boost the Dollar Index ahead of key inflation reports. Shifting Fed rate cut expectations position the greenback at a crucial resistance level. Ahead of...

CAD USDCAD drifted higher on Thursday, belying the light North American data calendar. In part, this was a function of broader strengthening for the greenback. But, it was nevertheless interesting to...

The EUR/USD pair struggles near 1.1050 amid upbeat US data and declining inflation in Europe. Traders brace for volatility ahead of crucial US employment data impacting rate expectations. A...

CAD The loonie was arguably the standout performer on Tuesday, climbing against the dollar, even as much of the G10 FX was in retreat on the escalating conflict in the Middle East. That said, this...

The GBP/USD, which had been steady in the last few trading sessions, has fallen back at the start of the new quarter after some relatively hawkish remarks from Fed’s Powell. The cable managed to hold...

CAD Similar to the pound, it should be a quiet day coming up for the loonie as well. Only September’s manufacturing PMI is scheduled for release, and this is unlikely to disrupt a narrative that the...

The EUR/USD bounced off the resistance at 1.12 amid softening Eurozone inflation data. Investors anticipate a pivotal US labor market report that could influence future direction. A breakout from...

CAD Despite a solid set of Canadian growth readings, USDCAD rallied on Friday, somewhat surprisingly. Even so, we continue to think the direction of travel for the pair is higher, assuming our...