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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

Canadian dollar rises on the BOC

The Bank of Canada left interest rates unchanged but USD/CAD is far from unchanged, falling to new lows. Were markets expecting a big dose of dovishness? — more coming The post Canadian dollar rises on the BOC appeared first on ...

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Draghi still sees inflation as subdued – EUR/USD slides

EUR/UDS was already touching 1.12 and then it dropped to 1.1287 on Draghi’s words. Draghi said that the macroeconomic environment is improving but balanced it with more stable words: there is no reason to deviate from the current policy. The indicators ...

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CAD: Busy 24 hours with the BOC and OPEC

The Canadian dollar recovered after the big blows, thanks to the bounce in oil prices. Will OPEC deliver on May 25th? The loonie also faces the Bank of Canada, which may be more dovish given the recent slide in inflation. What ...

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China Downgrade Irons Australian Dollar

A surprise sovereign downgrade of China by Moody’s sees iron ore collapse taking the Australian Dollar with it. If ever there was a lesson about how intertwined the global economy is in the 21st century, it is the sometimes love/hate relationship ...

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