Khurram Mustafa / Profile

USD/CAD edged slightly higher but overall remained well within its daily range as the loonie weakened following the release of below expectations Canadian manufacturing data. The Ivey Purchasing Manager PMI fell to 53.1 seasonally adjusted in October, from 53.7 the previous month and below the 54...

The perspective for the Mexican currency remains neutral, suggested BofA Merrill Lynch Global Research. Key Quotes “We stay neutral on the Mexican peso”. “The secular strengthening trend of the US dollar will continue, in our view”...

The Canadian dollar is trimming part of its initial losses vs. the euro, taking EUR/CAD to test the key support at 1.43 the figure. EUR/CAD lower on data The cross has retreated from the area of daily tops near 1.4350 after Canadian Ivey’s PMI has ticked lower to a seasonally adjusted 53...

The outlook on the Aussie dollar in the near term remains tilted to the neutral side, according to Strategist Sean Callow at Westpac...

The sterling is now accelerating its daily decline vs. the greenback, relegating GBP/USD to trade in 3-week lows near 1.5230. GBP/USD much weaker post-Carney, BoE The pound has been hammered as the BoE has removed any hopes of an early rate hike at today’s meeting...

AUD/USD advanced to fresh daily high at the beginning of the American session as the greenback weakened somewhat following the release of soft US data...

The US Dollar Index, which tracks the greenback vs. its main rivals, is now trading almost unchanged, retracing the earlier spike to the 98.20 area. US Dollar in 3-month peaks The index is looking to consolidate the recent advance to the 98...

Gold prices recovered losses in the US session after a batch of weak US data, but gains remained muted ahead of Friday’s non-farm payrolls...

GBP is underperforming following the BoE’s Super Thursday (decision/statement/minutes/Inflation Report) with a less hawkish shift hinting to the emergence of a gap between the normalizing Fed and a BoE that appears set to remain on hold for longer than previously expected, said Eric Theoret, FX S...

The yellow metal is falling sharply on Wednesday amid a stronger US dollar on rising expectations about a rate hike by the Federal Reserve in December. The ounce broke below yesterday’s lows at $1,114.30 and dropped further. Recently bottomed at $1106.60 hitting the lowest level since October 2...

- EUR/JPY continued to slide during the US session and printed a fresh 6-day low at 131.83. The pair is approaching last week lows that lie at 131.56 and remains under pressure trading below 132.00...

The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...

GBP/USD short-term technicals remain bearish and GBP risk is elevated over the next hours ahead of BoE ‘Super Thursday’ that includes the policy decision, statement release, minutes, and Quarterly Inflation Report, according to Eric Theoret, FX Strategist at Commerzbank...

James Knightley, analyst at ING explained that the October reading of the ISM non-manufacturing report looks very strong. The composite activity index has risen to 59.1 from 56.9 (consensus was 56.5...

GBP/USD is currently trading at 1.5375 with a high of 1.5446 and a low of 1.5361. GBP/USD has started to fail in its minor attempts of recoveries over the last number of days since the end of October's business since it failed just ahead of 1.5500...

USD/CAD accelerated to the upside and reached the strongest level since last Friday at 1.3175, after breaking above yesterday’s highs. The pair started to move with an upside bias during the European session...

Analysts at Brown Brothers Harriman explained that while EM FX has gotten some traction recently, we believe that the medium-term bear market remains intact...