Forex: all news & analysis

Explore our comprehensive Forex Archive, an essential resource that provides expert insights on price movements, trends, and the currency market. By analysing past price actions and key events, you can uncover vital market dynamics and elevate your understanding of effective trading strategies. Whether you're focusing on major currency pairs or emerging markets, our archive is packed with information to help you sharpen your trading decisions.

Asia open: Trump’s Iran strike threat and tech rout spark stagflation
Global markets turned sharply risk-off as President Trump’s threat of hard strikes on Iran sent WTI crude back above US$90 and revived stagflation fears. Hot US CPI data reinforced expectations of a higher-for-longer Federal Reserve stance, pressuring equities, bonds, and precious metals. Technology stocks led losses as stretched AI valuations and mega-IPO liquidity concerns weighed on sentiment, while Asia Pacific markets opened broadly lower amid renewed currency stress.
by Kelvin Wong
Chart alert: USD/JPY advances toward the next 161.60/95 key intervention levels
USD/JPY remains on a bullish footing as widening US-Japan yield spreads reinforce demand for the US dollar ahead of key US inflation data and the Bank of Japan’s policy meeting. Markets are increasingly pricing a Federal Reserve rate hike later this year, while the BOJ is expected to raise rates but potentially slow its bond tapering programme. Technically, USD/JPY continues to trend higher toward the critical intervention zone near 160.65, where Japanese authorities may step in again.
by Kelvin Wong
Asia open: Dip buyers spark tech rebound on weak market breadth
Global markets rebounded as dip buyers returned aggressively to semiconductor and AI-related stocks, driving the Nasdaq 100 higher despite weak market breadth. A temporary Israel-Iran ceasefire helped contain oil prices and ease geopolitical concerns, while Treasury yields remained elevated amid expectations of a prolonged higher-rate environment. Investors are also preparing for the record-breaking SpaceX IPO, which could reshape liquidity flows across global equity markets.
by Kelvin Wong
Chart alert: EUR/USD finds support as ECB hawkishness offsets Fed strength ahead of NFP
EUR/USD is showing resilience ahead of the closely watched US Nonfarm Payrolls report as investors weigh diverging economic growth trends against converging central bank hawkishness. While the US labour market remains stable enough to support a higher-for-longer Federal Reserve stance, the ECB is expected to continue tightening policy amid persistent inflation. Technical analysis suggests EUR/USD is building a potential base above key support levels, supporting a near-term bullish outlook.
by Kelvin Wong
Asia open: Middle East tensions drive oil higher as S&P 500 snaps winning streak
Global markets retreated as renewed U.S.-Iran tensions disrupted ceasefire hopes and pushed oil prices higher. The S&P 500 snapped a nine-day winning streak while technology shares came under pressure after Broadcom issued weaker-than-expected AI growth guidance. Meanwhile, rising energy costs, strong labour markets, and persistent inflation reinforced expectations of further monetary tightening from major central banks, weighing on investor sentiment worldwide.
by Kelvin Wong
Asia open: AI exuberance rotates into small caps amid sticky inflation and looming central bank tightening
Global stock markets climbed to record highs as AI-driven investment expanded beyond mega-cap technology firms into small-cap industrial and infrastructure companies. Alphabet’s surprise US$80 billion capital raise underscored the enormous funding demands of the AI supercycle, while stronger U.S. labour data and rising Eurozone inflation reinforced expectations for tighter monetary policy. Investors are now balancing growth optimism against mounting interest-rate risks.
by Kelvin Wong
Asia open: US stock futures dipped on conflicting US-Iran news after S&P 500 scaled a historic high
Global stock markets reached new record highs as investors embraced AI-driven growth and improving U.S.-Iran diplomatic prospects. Strong U.S. manufacturing data reinforced confidence in the AI infrastructure boom, while major technology firms such as Nvidia, Dell, and Oracle led gains. However, beneath the surface, consumer savings have fallen to near post-financial-crisis lows and market leadership remains heavily concentrated in a handful of AI-related stocks, raising concerns over long-term
by Kelvin Wong
Asia open: S&P 500 nabs records on US - Iran ceasefire extension amid Hot PCE inflation shock
The S&P 500 and Nasdaq reached fresh record highs after the US and Iran extended their ceasefire agreement, improving global risk sentiment and easing energy market tensions. However, hotter-than-expected US core PCE inflation at 3.3% y/y reinforced expectations for prolonged restrictive Federal Reserve policy. Meanwhile, the AI infrastructure boom continued to dominate markets as major technology firms delivered strong earnings and funding milestones.
by Kelvin Wong
Asia open: AI Capex mania fuels world stocks to all-time highs as US-Iran peace deal skepticism lingers
Global stock markets surged to fresh record highs as relentless AI infrastructure spending continued to fuel risk appetite despite mounting macroeconomic and geopolitical headwinds. Investors are closely watching conflicting US-Iran peace deal developments, while sticky inflation pressures and increasingly hawkish central bank signals strengthen expectations for higher interest rates. Markets now shift focus to the crucial US PCE inflation report and the evolving AI-driven equity supercycle.
by Kelvin Wong
The Dollar contradicts the peace trade – EUR/USD, GBP/USD & Dollar Index (DXY) overview
Forex Market update: The US Dollar defies the prevailing peace trade narrative, holding its ground against major peers as the FX market spots critical dealbreakers in the latest US-Iran diplomatic drafts. With frozen assets and uranium disposal remaining deadlocked, Brent crude’s intraday rebound is keeping inflation anxieties alive. Explore our in-depth technical breakdown of the DXY, EUR/USD, and GBP/USD.
by Elior Manier
Chart alert: AUD/NZD rally set to continue after hitting 13-year high
AUD/NZD may extend its rally after reaching a fresh 13-year high ahead of the RBNZ policy decision. While the RBNZ is expected to deliver a hawkish hold at 2.25%, widening Australia-New Zealand bond yield spreads and the RBA’s more aggressive tightening path continue to favour the Australian dollar. Technical analysis highlights strong bullish momentum above 1.2130 support, with a breakout above 1.2250 potentially opening the door toward 1.2310 and 1.2400.
by Kelvin Wong
Asia open: US futures gap up on US-Iran peace deal hopes with US dollar in retreat
Global markets rallied after senior U.S. officials signalled that a U.S.-Iran peace deal could be imminent, boosting U.S. equity futures and weakening the U.S. dollar. Meanwhile, collapsing U.S. consumer sentiment and rising inflation expectations intensified stagflation fears under new Federal Reserve Chair Kevin Warsh. In Asia, the Nikkei 225 surged to fresh record highs while Southeast Asia’s growing reliance on biofuels raised new concerns over food inflation and supply disruptions.
by Kelvin Wong
A final path to peace? Markets Weekly Outlook
A week ahead preview: Traders are hungry for a peace treaty, after a rollercoaster week. Get ready for the upcoming week by looking at the past week's Market performance, what changed and the key events to expect in next week)
by Elior Manier
USD/JPY trades close to 160.00 after Japan's CPI – More interventions required? – FX Analysis
USD/JPY Technical Analysis: The Japanese Yen faces fresh capitulation risks as Japan's April core CPI drops to a dovish 1.4%, well below the Bank of Japan's 2% target. Driven by domestic fuel subsidies masking Middle East oil shocks, the stark policy divergence with a hawkish Federal Reserve has pushed USD/JPY perilously close to the historic 160.00 handle. Explore our comprehensive technical breakdown and FX intervention outlook.
by Elior Manier
Asia open: Stock markets surge on US-Iran peace progress and soft Japan CPI
Global stock markets surged as optimism over a potential U.S.-Iran peace deal fueled a broad “risk-on” rally across equities. Meanwhile, Japan’s softer April CPI data eased pressure on the Bank of Japan to tighten policy aggressively, weakening the yen and supporting regional equities. Falling bond yields, easing geopolitical tensions, and improving semiconductor supply-chain conditions further reinforced bullish sentiment across Asia Pacific markets and U.S. technology shares.
by Kelvin Wong
Asia open: Relief rally in stock markets as Trump signals final stages of U.S.-Iran peace deal
Global markets rebounded sharply after Donald Trump stated the U.S.-Iran peace deal is in its “final stages,” easing geopolitical fears and sending oil prices sharply lower. Meanwhile, NVIDIA posted record-breaking Q1 earnings that reinforced the strength of the AI investment boom, although Fed minutes revealed policymakers remain open to future interest rate hikes. Investors are now balancing renewed risk appetite against persistent inflation and elevated bond yields.
by Kelvin Wong
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