Forex Opinion & Analysis

The Canadian dollar is up almost 1% against its US counterpart, 1.4310, in early Monday trading, following reports that Canadian Prime Minister Justin Trudeau may announce his resignation on January...

The US Dollar Index (DXY) starts the week lower as market participants reposition ahead of a data-heavy week. EUR/USD recovers but will German inflation derail the rally? The DXY is at a key...

The Dollar Index hovers near key resistance as markets await a pivotal Non-Farm Payrolls report. Hawkish Fed signals and global uncertainty continue to underpin the greenback's strength. Technical...

The US dollar could lose some momentum this week as a return of normal market conditions allows for some reconciliation with slightly lower rates. However, the proximity to Trump’s inauguration and...

The GBP/USD has stabilized on Friday, after declining more than 1% a day earlier. In the European session, GBP/USD is currently trading at 1.2406, up 0.16% on the day. The US economy is in solid...

The euro has stabilized on Friday. In the European session, EUR/USD is currently trading at 1.0296, up 0.3% on the day. The euro fell as much as 1.2% a day earlier and fell below the 1.03 line for...

The first trading day of the year brought fresh pressure on European currencies. There is now a considerable risk premium being built into EUR/USD, and we suspect that both protectionism and the...

As the global markets reopen have the New Years’ Day, Japanese markets are closed for a holiday. It’s a very light economic calendar today, with no Japanese releases and only one US tier event –...

The Canadian dollar may be consolidating a corrective pullback from multi-year highs.The USD/CAD pair, which approached 1.45 in mid-December, is ending the year near 1.4350. The momentum of the last...

EUR/USD remains range bound as the year comes to a close, with the pair trading just above 1.0400. ECB policymakers are cautious about future rate cuts due to a sluggish Euro. The US Dollar Index...

EUR/USD edges higher for third straight day. But unable to break past range ceiling. Upside momentum gathers some strength. EUR/USD has been trading sideways ever since its rebound attempt on...

USD/JPY extended uptrend to 5-month highs to reach 158.00. But positive momentum may be waning.  The bulls would need to successfully overcome the 158.00 resistance. USD/JPY crossed above the...

The week of Christmas is typically a snooze fest in the forex world. With many institutional traders enjoying their eggnog and holiday cookies, market liquidity is thin, and trading ranges are...

Interest rates are always among the most important determinants of currency exchange rates, but over the past two years they have dominated. We cite the following two charts as evidence. The first...