MARKET

News & Analysis

Our focus is on helping our clients make better informed trading decisions by providing a balanced and unbiased view of the foreign exchange market.

Loonie heads back to 1.40 after BoC give banks thumbs up

Loonie heads back to 1.40 after BoC give banks thumbs up

The loonie bounced back 0.36% against the dollar yesterday, reversing all of Wednesday’s losses along with some of Tuesday’s. Yesterday saw all six of Canada’s biggest banks pass severe stress testing by the Bank of Canada under its Financial System Review, which was devoted to the Covid-19 crisis.

read more
Negative rates and Trump-China chat put markets on edge

Negative rates and Trump-China chat put markets on edge

The dollar has remained on the offensive today, as central bankers focus on managing increasing speculation in financial markets that major central banks such as the Fed and BoE may be forced into negative rates, and President Trump has made a series of comments suggesting a heightened risk of renewed tensions with China.

read more
Loonie tarred with confusing oil move

Loonie tarred with confusing oil move

The loonie spent most of yesterday’s session in the green until a shock slide in oil markets sent it back to lower levels. The shock in oil pricing wasn’t because of a catastrophic fall, but instead because WTI weakened after the Energy Information Administration reported a 745,000 barrel fall in inventories – the first drawdown since January.

read more

Loonie drops as pressures restrict a breakout

The loonie struggled to hold on yesterday as it fell half a percentage point against the greenback. Most of the loonie weakness came at the back-end of the session, despite oil rising to recent highs above $26.

read more
Dollar gains momentum amid fragile risk sentiment

Dollar gains momentum amid fragile risk sentiment

Risk appetite is still looking fragile today, after the US dollar has rallied from an early-morning sell-off. Among the G10 currencies NOK and CHF are the best performers. Re-opening is likely to be a major theme for this week, as a number of G10 economies and US states either consider or implement lockdown easing.  

read more
Will the RBNZ go negative?

Will the RBNZ go negative?

Since the Reserve Bank of New Zealand’s last formal Monetary Policy Statement in February, the Bank has engaged in a full suite of crisis response measures, similar to those undertaken by the Federal Reserve, RBA, and Bank of England.

read more
Stay informed of movements in the currency markets

Receive a daily morning report on the latest developments driving the FX markets with news and analysis from our team of renowned markets analysts.

Meet the team

Ranko Berich

Ranko Berich

Head of Market Analysis

Ranko Berich heads up the team of analysts at Monex Canada and Monex Europe. The analysis team provide timely insight and commentary on developments in currency movements and their drivers.
e-mail

Simon Harvey

Simon Harvey

FX Market Analyst

e-mail

Olivia.Alvarez

Olivia Alvarez

FX Market Analyst

e-mail