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.

GBP/USD - Inflation surprise sends pound lower

UK inflation falls to 3.9%, lower than expected British pound declines The British pound has declined on Wednesday. In the European session, GBP/USD is trading at 1.2658, down 0.58%. UK inflation surprises on the downside UK inflation was lower than expected in November and the surprising release has sent the British pound lower today.

20-12-2023 05:43 GMT by Kenneth Fisher

Pound bounces back, CPI next

British pound surges on Tuesday UK inflation expected to fall to 4.4% The British pound is sharply higher on Tuesday. In the European session, GBP/USD is trading at 1.2744, up 0.76%. UK inflation expected to ease UK inflation continues to fall and a slight drop is expected in the November CPI on Wednesday.

19-12-2023 10:53 GMT by Kenneth Fisher

Canadian dollar drifting ahead of CPI release

Canada's inflation rate expected to fall to 2.9% Fed members push back against rate cut expectations The Canadian dollar is showing little movement on Tuesday. In the European session, USD/CAD is trading at 1.3382, down 0.13%.

19-12-2023 05:19 GMT by Kenneth Fisher

Japanese yen slides as BoJ stands pat

BoJ makes no changes to policy or guidance Yen declines over 1% The Japanese yen is sharply lower on Tuesday. In the European session, USD/JPY is trading at 144.42, up 1.15%.

19-12-2023 03:37 GMT by Kenneth Fisher

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Market Insights Podcast - All eyes on the Bank of Japan's potential shift from negative interest rate

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic events that focus on the monetary policy decisions by the Bank of Japan which is only the sole central bank with a negative interest rate policy. Consensus is expecting no change on BoJ's monetary policy setting on Tuesday, 18 December but forward guidance via its monetary policy statement and Governor Ueda's press conference may indicate an imminent shift away from short-term negative interest rates in

18-12-2023 23:14 GMT by Kelvin Wong

USD/JPY Technical: JPY strength remains intact ahead of BoJ

Consensus is expecting no change to BoJ’s monetary policy, but its policy statement and Governor Ueda’s press conference may signal an imminent shift away from short-term negative interest rates. Mounting pressures from public and private sectors with Economy Minister Shindo attending today’s monetary policy decision meeting as a representative from the Cabinet Office. Technical analysis suggests further potential weakness in the USD/JPY. This is a follow-up analysis of our prior report, “

18-12-2023 21:33 GMT by Kelvin Wong

EUR/JPY - Central banks look to spoil the party, BoJ eyed tonight

Policymakers determined to push back against market interest rate expectations Any surprises to come from the BoJ? EURJPY steadies around notable support zone Not the most thrilling start to the week but that's to be expected given the number of major events over the last few sessions and the absence of anything significant today. The second half of last week was quite the ride, with the Fed going further than many expected on rate cuts for next year, the ECB then pushing back stronger tha

18-12-2023 12:02 GMT by Craig Erlam

Australian dollar rises, RBA minutes next

RBA minutes to be released Tuesday Fed Presidents Williams and Mester try to dampen rate cut fever The Australian dollar is trading quietly on Monday. In the North American session, AUD/USD is trading at 0.6696, down 0.11%.

18-12-2023 11:43 GMT by Kenneth Fisher

USD/JPY - Yen climbs to 4.5 month high, BOJ next

BoJ to make rate announcement on Tuesday Fed's Williams says no rate cuts planned The Japanese yen is lower at the start of the week. In the European session, USD/JPY is trading at 142.77, up 0.44%. The yen continues to power higher and surged 1.9% last week.

18-12-2023 07:25 GMT by Kenneth Fisher

Euro stabilizes despite weak German business confidence

German business confidence weaker than expected The euro has started the week in positive territory on Monday. In the European session, EUR/USD is trading at 1.0914, up 0.18%. It was a week of sharp swings for the euro, which posted strong gains during the week but reversed directions on Friday and declined 0.88%.

18-12-2023 05:37 GMT by Kenneth Fisher

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Hedging the Markets - EURUSD rallies after the Fed and ECB (video)

OANDA Senior Market Analyst Craig Erlam discusses the moves in EURUSD after the Fed and ECB announced their latest interest rate decisions and released forecasts.

15-12-2023 12:11 GMT by Craig Erlam

British pound steady after mixed PMIs

UK Services PMI accelerates, Manufacturing PMI declines Bailey's dampens rate cut expectations The British pound is steady on Friday, after posting gains of 1.1% a day earlier. In the European session, GBP/USD is trading at 1.2767, up 0.03%. UK PMIs a mix British PMIs were a mixed bag in December.

15-12-2023 06:56 GMT by Kenneth Fisher

Euro dips on soft Services PMIs

Eurozone, German Service PMI ease in December Euro snaps four-day rally The euro has snapped a four-day winning streak on Friday. In the European session, EUR/USD is trading at 1.0949, down 0.38%.

15-12-2023 04:54 GMT by Kenneth Fisher

Australian dollar extends gains on Chinese data

China industrial production and retail sales accelerate Australian dollar extends gains The Australian dollar has extended its gains on Friday. In the European session, AUD/USD is trading at 0.6713, up 0.23%.

15-12-2023 04:11 GMT by Kenneth Fisher

Aussie hits 4.5 month high on strong job gains

Australian dollar powers higher Australian job growth beats expectations Fed's Powell projects three rate cuts in 2024 The Australian dollar continues to head higher this week. In Thursday's North American session, AUD/USD is trading at 0.6702, up 0.65%.

14-12-2023 09:03 GMT by Kenneth Fisher

Euro climbs to two-week high as ECB meeting looms

ECB expected to hold rates Fed's Powell signals rate cuts in 2024 The euro has extended its gains in Thursday trading. In the European session, EUR/USD is trading at 1.0925, up 0.45%.

14-12-2023 06:39 GMT by Kenneth Fisher

British pound rises after Fed meeting, BOE next

Bank of England expected to pause Federal Reserve projects three rate cuts in 2024 The British pound continues to move higher on Thursday. In the European session, GBP/USD is trading at 1.2648, up 0.24%. The US dollar took a tumble on Wednesday after the Federal Reserve gave the nod to rate cuts in 2024.

14-12-2023 04:18 GMT by Kenneth Fisher

Australian dollar edges higher ahead of jobs data

Australian dollar rebounds Australian job growth expected to decelerate Federal Reserve likely to pause for third straight time The Australian dollar is in positive territory on Wednesday, after three straight losing sessions. In the North American session, AUD/USD is trading at 0.6584, up 0.38%. Will Powell push back against rate cut expectations? Today's Federal Reserve's rate announcement will almost certainly be a pause, which would mark the third consecutive time that the Fed held the be

13-12-2023 11:37 GMT by Kenneth Fisher

EUR/GBP - UK at risk of recession after a disappointing October GDP reading

UK economy shrinks 0.3% in October Markets price in three rate cuts from the BoE next year EURGBP spikes ahead of BoE and ECB announcements tomorrow The UK economy got the fourth quarter off to a bad start, contracting by 0.3% in October from the month before. The UK economy is struggling under the pressure of higher interest rates and it seems wet weather compounded those challenges for retailers, encouraging consumers to stay indoors. There's every chance spending bounces back in November an

13-12-2023 10:02 GMT by Craig Erlam

EUR/USD - Fireworks expected from the final Fed meeting of the year

Fed expected to leave interest rates unchanged Forecasts and dot plot key as markets price in four rate cuts next year EURUSD hovers around 50 Fib The final Fed meeting of the year could also be the most eventful, with the central bank likely to acknowledge it's done with tightening and even signal rate cuts next year. The question is how many, with markets now pricing in four starting in May. The interest rate decision itself will almost certainly be straightforward - on hold - but with new ec

13-12-2023 08:06 GMT by Craig Erlam

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