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.

Canadian dollar eyes US nonfarm payrolls

The Canadian dollar is drifting but things could get busier in the North American session as the US releases the nonfarm payrolls report. In the European session, USD/CAD is trading at 1.3371, down 0.11%. US nonfarm payrolls expected to drop to 180,000 The week wraps up with the US nonfarm payroll report later today.

02-02-2024 06:16 GMT by Kenneth Fisher

EUR/USD gains ground as eurozone CPI dips

EUR/USD has edged higher in the European session and trading at 1.0890, up 0.18% on the day. The euro had a strong day on Thursday, gaining 0.50%. Eurozone CPI eases to 2.8% Inflation continues to fall in the eurozone, although the drop was very modest.

02-02-2024 05:25 GMT by Kenneth Fisher

GBP/USD: Poised for potential bullish breakout ex-post BoE

BoE offered dovish guidance but projected that inflation may run hot again in Q1 2025. GBP has remained the top outperformer major currency against the US dollar. Technical analysis suggests a potential bullish breakout for GBP/USD. The British pound sterling (GBP) made remarkable intraday recovery yesterday after the Bank of England (BoE) maintained its policy Bank Rate at a 16-high of 5.24% for the fourth consecutive time as expected and toned down its prior hawkish rhetoric.

02-02-2024 02:32 GMT by Kelvin Wong

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Market Insights Podcast - BoE divided on interest rates

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the Bank of England decision, US economic releases and preview tomorrow's jobs report.

01-02-2024 16:21 GMT by Craig Erlam

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Hedging the Markets - GBP/USD remains rangebound as Fed and BoE hold

OANDA Senior Market Analyst Craig Erlam discusses the moves in GBPUSD after the Federal Reserve and Bank of England held interest rates.

01-02-2024 16:15 GMT by Craig Erlam

British pound higher as BoE holds rates

The British pound is higher on Thursday. In Tuesday's North American session, GBP/USD is trading at 1.2731, up 0.32%. BoE holds rates in a three-way split The Bank of England maintained the benchmark rate at 5.25% at today's meeting, as expected.

01-02-2024 12:36 GMT by Kenneth Fisher

Australian dollar falls to 10-week low after Fed decision

The Australian dollar is sharply lower on Thursday after the Fed policy meeting a day earlier. In the European session, AUD/USD is trading at 0.6514, down 0.78%.

01-02-2024 07:12 GMT by Kenneth Fisher

JPY carry trades downside pressure reinforced ex-post FOMC

The US Federal Reserve pushed back the first Fed funds rate cut and Fed Chair Powell indicated that the “highly anticipated” March rate cut is not the base case for now. The dovish Fed Pivot narrative is still alive as both the 2-year and 10-year Treasury yields continued to inch lower and closed near their session lows. The continuation of down-trending US Treasury yields put pressure on JPY carry trades indirectly; AUD/JPY is the worst performing among the G-10 currencies so far. This is a fo

01-02-2024 05:32 GMT by Kelvin Wong

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Market Insights Podcast - Fed leaves interest rates on hold for now

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the Federal Reserve interest rate decision and what it means over the coming months.

31-01-2024 18:24 GMT by Craig Erlam

EUR/USD gives up gains after soft German CPI

EUR/USD showed little movement earlier but that changed after German CPI was softer than expected. The euro gained 0.40% in the aftermath of the inflation report but has given back about half of those gains.

31-01-2024 11:30 GMT by Kenneth Fisher

Gold - Will the Fed hint at a March cut or just leave the door slightly ajar?

Fed statement and press conference key Will they hint at a rate cut in March? Gold hovering between $2,000 and $2,500 It's been a relatively slow start to trading on Wednesday which isn't surprising considering what's to come later in the day. On another day, earnings from Alphabet and Microsoft may have dictated sentiment in the broader markets but as it is, investors are more focused on events in Washington, so tech aside markets are relatively flat.

31-01-2024 09:53 GMT by Craig Erlam

Canadian dollar recovers after strong GDP report

The Canadian dollar started the day with slight losses but recovered after Canada's GDP was stronger than expected. In the North American session, USD/CAD is unchanged at 1.3397. Canada's GDP rises 0.2% Canada's economy has been flat in recent months, which meant that the November GDP reading of 0.2% was a welcome, albeit modest improvement.

31-01-2024 09:50 GMT by Kenneth Fisher

Australian dollar lower after soft CPI data

The Australian dollar has lost ground after Australia's CPI was lower than expected. In the European session, AUD/USD is trading at 0.6578, down o.37%.

31-01-2024 05:45 GMT by Kenneth Fisher

A dovish Fed guidance may not reverse the rout in China and Hong Kong stock markets

China and Hong Kong benchmark stock indices have almost erased last week’s gains. NBS Non-Manufacturing PMI sub-components for January are indicating feeble service activities in China. A weaker US dollar via a dovish forward monetary policy guidance from the Fed is not enough to act as a bullish catalyst for China and Hong stock markets. Technical analysis advocates further potential weakness in the Hang Seng Index in the short to medium term.

31-01-2024 01:24 GMT by Kelvin Wong

EUR/USD Technical Analysis Forecast Ahead of FOMC

This week is loaded with critical economic releases, keeping markets on edge. We have FOMC rate decisions, Nonfarm Payrolls, and inflation numbers, to name a few.

30-01-2024 12:56 GMT by Moheb Hanna

EUR/GBP - Eurozone narrowly avoids recession as UK sees more progress on inflation

Eurozone records zero growth in Q4 UK shop prices rise at a slower pace in January EURGBP rebounds near 2023 lows Economic data confirmed what we already knew earlier today, that the eurozone is not growing and its largest economy - Germany - is on the brink of technical recession. The bloc as a whole could have already been in recession if the data came in as expected but as it turns out that was just avoided, barring any revisions in the coming months.

30-01-2024 12:40 GMT by Craig Erlam

Euro steady despite German GDP decline

The euro has edged higher on Tuesday. In the European session, EUR/USD is trading at 1.0850, up 0.16%. German GDP declines by 0.2% Germany, the largest economy in the eurozone, continues to weigh on the bloc with its weak economy.

30-01-2024 09:44 GMT by Kenneth Fisher

British pound edges lower as shop inflation drops

The British pound is lower on Tuesday. In the European session, GBP/USD is trading at 1.2680, down 0.23%. UK shop inflation decelerates sharply Inflation in UK shops rose 2.9% y/y in January, compared to 4.3% in December.

30-01-2024 07:20 GMT by Kenneth Fisher

Aussie shrugs off soft retail sales, inflation next

The Australian dollar showed little reaction to the release of Australian retail sales earlier today. In the European session, AUD/USD is trading at 0.6600, down o.15%. Australia's retail sales sink in December The markets were braced for a soft December retail sales but the damage was worse than expected.

30-01-2024 05:24 GMT by Kenneth Fisher

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Market Insights Podcast - FOMC, BOE, and US NFP to stand out in this busy week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this pivotal week's key economic data and events which may trigger higher volatile movements in the global markets due to the anticipation of market participants' dovish expectations on the forward guidance from the Fed and Bank of England due on Wednesday (31 January), and Thursday (1 February). Also, keep a lookout for the potential negative ramifications of China Evergrande Group's liquidation order by a Hong Kong court, a ma

29-01-2024 23:00 GMT by Kelvin Wong

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