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.

USD/JPY: Bearish momentum remains intact despite softer Tokyo CPI

Tokyo’s CPI for November slowed down further due to a recent drop in oil prices. Tokyo’s services prices accelerated to 3% y/y in November, its fastest pace since 1994. Japan’s latest consumer sentiment data for November also improved to its highest level since August 2023. A boost in consumer sentiment coupled with services inflation on the uptick indicates signs of a potential demand-driven increase in prices has emerged in Japan.

06-12-2023 01:30 GMT by Kelvin Wong

EUR/USD - slump continues despite Services PMIs' improvement

Germany, eurozone PMIs revised upwards Euro slide continues for a fifth day US ISM Services PMI beats forecast The euro has extended its losses on Tuesday. In the North American session, EUR/USD is trading at 1.0792, down 0.41%.

05-12-2023 12:30 GMT by Kenneth Fisher

Australian dollar slides as RBA holds rates

RBA maintains cash rate at 4.35% Australian dollar extends slide The Australian dollar is down sharply for a second straight day. In the European session, AUD/USD is trading at 0.6561, down 0.88%.

05-12-2023 07:47 GMT by Kenneth Fisher

Japanese yen steady, Tokyo CPI falls

Tokyo Core CPI eases to 2.3% US to release ISM Services PMI later today The Japanese yen has edged lower on Tuesday. In the European session, USD/JPY is trading at 147.08, down 0.10%. Tokyo Core CPI softer than expected Tokyo Core CPI, a leading indicator for nationwide inflation, climbed 2.3% y/y in November.

05-12-2023 04:36 GMT by Kenneth Fisher

AUD/USD: Challenging key 200-day moving average post RBA

RBA left its policy cash rate unchanged at 4.35% in line with expectations. A slight dovish tonality in the monetary policy statement has reduced the expectations of a “hawkish pause”. Technical analysis suggests that the medium-term uptrend phase of the AUD/USD from its 26 October 2023 low remains intact. Watch the 0.6570 pivotal support. This is a follow-up analysis of our prior report, “AUD/USD: Bullish breakout ahead of monthly AU CPI data” published on 28 November 2023.

04-12-2023 23:53 GMT by Kelvin Wong

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Podcast - Gold flash rally to record high, US non-farm payrolls and RBA looms ahead

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data releases, events, and gold's flash rally on Monday toward a new record high. The short to medium-term dynamics at play for gold given that market expectations have increasingly skewed toward a Fed pivot.

04-12-2023 20:47 GMT by Kelvin Wong

US jobs data eyed ahead of next week's Fed rate decision

US jobs report the next major event Powell hints at less hawkish Fed view JOLTS, ISM and jobless claims eyed The next couple of weeks could be massive for financial markets going into 2024, with a range of data from the US in the coming days setting us up nicely for the Fed meeting on the 13th. The standout event is the jobs report on Friday, with the Fed still seemingly of the view that getting inflation back sustainably to target will require some more slack in the labor market.

04-12-2023 19:07 GMT by Craig Erlam

Euro extends slide, Services PMIs next

Eurozone inflation falls to 2.4% Powell's push back doesn't faze markets Eurozone and Germany to release Services PMIs on Tuesday The euro is down considerably on Monday. In the North American session, EUR/USD is trading at 1.0817, down 0.60%.

04-12-2023 11:26 GMT by Kenneth Fisher

AUD/USD slips ahead of RBA decision

AUD/USD lower on Monday RBA likely to maintain rates on Tuesday The Australian dollar has started the week in negative territory. In the European session, AUD/USD is trading at 0.6648, down 0.40%.

04-12-2023 05:59 GMT by Kenneth Fisher

EURCAD Technical Analysis – Price Action Forecast and Important Levels to Watch

This article goes over different tools and indicators covering EURCAD, in some cases, cross-pairs can provide trade setups of a different nature as the US Dollar is partially taken out of the equation. Trading in financial markets requires an overview of different types of tools and the same applies to forex trading. Talking points Inflation Rate Overview - European Union and Canada Daily Chart Technical analysis Sentiment Indicators: Commitment of Traders report, and OANDA’s order book. Relat

01-12-2023 07:25 GMT by Moheb Hanna

Euro steady ahead of US Mfg. PMI, Powell remarks

Eurozone inflation falls to 2.4% US ISM Manufacturing PMI expected to improve to 47.6 Fed Chair Powell will deliver remarks in Atlanta The euro is showing limited movement on Friday. In the European session, EUR/USD is trading at 1.0897, up 0.09%. Eurozone inflation falls more than expected Eurozone inflation has been falling and the November report brought good tidings.

01-12-2023 07:13 GMT by Kenneth Fisher

USD/CAD eyes Canadian job data, US PMI

Canada's job growth expected to expand by 15,000 US ISM Manufacturing PMI projected to accelerate to 47.6 The Canadian dollar continues to gain ground against a slumping US dollar. In the European session, USD/CAD is trading at 1.3529, down 0.23%. The Canadian currency is poised to post a third straight winning week against the greenback and soared 2.25% in November.

01-12-2023 06:18 GMT by Kenneth Fisher

Swiss franc hits 4-month high, GDP beats forecast

Swiss franc climbs to 4-month high Swiss GDP rises 0.3% US ISM Manufacturing PMI expected to rise slightly The Swiss franc is lower on Friday. In the European session, USD/CHF is trading at 0.8723, down 0.22%. Swiss franc continues to climb The Swiss franc continues to power higher against a slumping US dollar.

01-12-2023 04:28 GMT by Kenneth Fisher

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Hedging the Markets - ECB rate cut eyed after inflation data (video)

OANDA Senior Market Analyst Craig Erlam discusses the moves in EURUSD in light of the inflation data from the eurozone and US.

30-11-2023 17:13 GMT by Craig Erlam

Aussie falls, recovers on soft Chinese data

China PMIs weaken in November Australian dollar loses ground US core PCE price index eases to 3.5% The Australian dollar is slightly lower in Thursday trade. In the North American session, AUD/USD is trading at 0.6621, up 0.08%.

30-11-2023 11:16 GMT by Kenneth Fisher

EUR/GBP - Down for sixth day as eurozone inflation falls again

Eurozone HICP inflation 2.4% in October (2.9% in September, 2.7% expected) Eurozone core HICP inflation 3.6% in October (4.2% in September, 3.9% expected) EURGBP continues lower after bearish breakout on Monday Eurozone inflation fell much further than expected in October, leaving the headline HICP rate within touching distance of the ECB's 2% target. While policymakers have continued to push back against talk of rate cuts, the questions will be impossible to ignore now with markets pricing in

30-11-2023 09:19 GMT by Craig Erlam

Canadian dollar steady ahead of GDP

Canada's GDP expected to remain at 0.0% The Canadian dollar is steady on Thursday. In the North American session, USD/CAD is trading at 1.3602, up 0.11%. Canada's GDP expected to flatline Canada's economy has been stalling and today's GDP release is expected to confirm that trend.

30-11-2023 06:19 GMT by Kenneth Fisher

EUR/USD drops ahead of eurozone CPI

Eurozone inflation expected to decline to 2.7% ECB's Lagarde delivers remarks later today The euro is in negative territory in Thursday trade. In the European session, EUR/USD is trading at 1.0940, down 0.27%. Eurozone inflation expected to ease to 2.7% Germany's inflation rate declined sharply in November and the eurozone is up next, with the November inflation report later today.

30-11-2023 03:39 GMT by Kenneth Fisher

AUD/JPY Technical: At risk of a minor decline sequence

An impending minor bearish reversal “Double Top” has been formed in the last two weeks. Failure to have a clear break above 98.40 long-term secular range resistance in place since October 2007 after a fifth retest last Friday, 24 November. Watch the key short-term resistance at 98.00. This is a follow-up analysis of our prior report, “AUD/JPY Technical: Holding above the 20-day moving average” published on 22 November 2023. Click here for a recap. The price actions of the AUD/JPY cross-pair ha

30-11-2023 03:26 GMT by Kelvin Wong

Deflationary spiral is still a recurring risk in China, but the yuan remains resilient

November NBS Manufacturing & Non-Manufacturing PMIs for China came in weaker than expected. Recurring risk of the deflationary spiral in China has led to the underperformance of China & Hong Kong stock markets despite the recent bout of global risk-on-herding behaviour. The Chinese yuan has continued to appreciate against the US dollar driven by external factors; an increasing expectation of a dovish Fed pivot to come in Q1 2024. Watch the key medium-term resistance of 7.2675 on the USD/CNH (off

30-11-2023 00:34 GMT by Kelvin Wong

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