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.

Nikkei 225: Bulls undeterred by Japanese government economic downgrade

Recent price actions of the Nikkei 225 are still trading above its 20-day moving average despite the latest official downbeat assessment of Japan’s economy. Significant correlation flip between USD/JPY and Nikkei 225 may persist as a weaker JPY may not be a main driver to drive up the price actions of Nikkei 225. A strengthening JPY may see the outperformance of consumer-oriented TOPIX equities sectors such as Retail Sales and IT & Services. A new medium-term uptrend may have kickstarted in Nik

23-11-2023 04:25 GMT by Kelvin Wong

GBP/USD - FOMC encouraged, markets relaxed on UK Autumn Statement

Fed policymakers encouraged by recent data but won't get complacent BoE interest rate expectations barely changed after UK Autumn Statement GBPUSD reverses near key resistance The two big events of the last 24 hours haven't really packed the punch they occasionally can which perhaps explains why we aren't seeing big moves today. Fed determined to "proceed carefully" The FOMC minutes were arguably slightly on the dovish side, with the committee now seemingly of the view that no further hikes wi

22-11-2023 16:14 GMT by Craig Erlam

EUR/USD slips on ECB warning, PMIs next

ECB financial stability review warns of stress Fed minutes point to rates remaining restrictive The euro is in negative territory on Wednesday. In the North American session, EUR/USD is trading at 1.0864, down 0.42%. ECB says banks showing stress The ECB released its semi-annual financial stability review earlier today and warned of stress in financial stability in the eurozone.

22-11-2023 12:17 GMT by Kenneth Fisher

Canadian dollar dips as Canada's inflation slides

Canada's inflation rate falls to 3.1% Fed minutes indicate rates to remain restrictive The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD is trading at 1.3723, up 0.14%. Canada's inflation declines to 3.1% Canada's inflation rate fell to 3.1% y/y in October, down sharply from 3.8% in September and below the consensus estimate of 3.2%.

22-11-2023 10:59 GMT by Kenneth Fisher

Australian dollar can't break out, Fed stays cautious

RBA's Bullock says inflation has peaked Fed says it will proceed carefully The Australian dollar continues to try and break out, without much success. In the North American session, AUD/USD is trading at 0.6561, up 0.09%. RBA's Bullock says inflation has peaked Reserve Bank of Australia Governor Michele Bullock said on Tuesday that inflation has peaked and that the upside risk to inflation was domestic and demand-driven.

22-11-2023 08:00 GMT by Kenneth Fisher

AUD/JPY Technical: Holding above the 20-day moving average

The AUD/JPY cross pair tends to be used as a proxy for “risk-on/risk-off” behaviour where a clear uptrend movement can be considered as a persistent “risk-on-herding” behaviour is at play and vice versa. In the past four weeks, the AUD/JPY has rallied by +445 pips from its 16 October 2023 low of 94.14 to the recent 16 November 2023 high of 98.58 which was in line with the rallies seen in major benchmark stock indices. This risk-on behaviour has been driven by the anticipation that the US Feder

22-11-2023 01:08 GMT by Kelvin Wong

FOMC Meeting Minutes - A Technical Analysis Approach for EURUSD - USDJPY

Talking points FOMC Meeting Minutes Post CPI Numbers EURUSD - Weekly and 1-hour charts USDJPY - Weekly chart FOMC Meeting Minutes Post CPI Numbers Traders and Investors will be keeping a close eye today on the FOMC meeting minutes expected to be released at 2 PM EST, market participants are looking for any information that may help in forecasting the FED's next move and how the FED officials view the rate hike path for next year. The FED decided to keep rates on hold at their November 1st, 20

21-11-2023 13:39 GMT by Moheb Hanna

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Market Insights Podcast - Hawkish BoE, FOMC minutes and Nvidia preview

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the latest comments from the BoE, and preview the FOMC minutes, Nvidia earnings and UK Autumn Statement.

21-11-2023 11:08 GMT by Craig Erlam

GBP/USD - BoE continues to push back against market expectations, Fed minutes

BoE policymakers hawkish in Monetary Policy Report hearing FOMC minutes likely to reinforce higher for longer narrative GBPUSD facing big test at 1.26 The Bank of England used its monetary policy report hearing to once more push back against market expectations on rate cuts next year. A lot of the comments echoed similar sentiments expressed recently by the central bank regarding the job not being done, risks being to the upside for various reasons, and the need to leave rates for an exten

21-11-2023 10:39 GMT by Craig Erlam

GBP/USD rises after Bailey's hawkish remarks

BoE's Bailey says markets underestimating inflation Federal Reserve to release minutes later today The British pound continues to rally on Tuesday after recording back-to-back winning days. In the North American session, GBP/USD is trading at 1.2544, up 0.33%.

21-11-2023 09:14 GMT by Kenneth Fisher

Canadian dollar quiet ahead of Canadian CPI

Canada inflation expected to drop to 3.2% US releases FOMC minutes The Canadian dollar continues to have a quiet week. In the European session, USD/CAD is trading at 1.3709, down 0.12%.

21-11-2023 07:15 GMT by Kenneth Fisher

Aussie extends gains on hawkish RBA minutes

RBA says rate hike was needed to avoid larger increases Fed releases meeting minutes later today The Australian dollar continues to rally. In the European session, AUD/USD is trading at 0.6567, up 0.15%.

21-11-2023 04:50 GMT by Kenneth Fisher

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Podcast - Dollar weakness may persist, RBA minutes and OPEC+ meeting looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss the persistent US dollar bearish trend in the near to medium-term especially on the USD/JPY. Implication on the minutes of RBA's restrictive monetary policy where it restarted interest rate hike restarted in Australia.

20-11-2023 20:26 GMT by Kelvin Wong

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Hedging the Markets - Another big week for GBP/USD (video)

OANDA Senior Market Analyst Craig Erlam previews the week in GBP/USD with FOMC minutes, the UK Autumn Statement, and the BoE Monetary Policy Report Hearing all to come. He also gives his analysis of the charts.

20-11-2023 12:04 GMT by Craig Erlam

British pound edges higher ahead of BoE's Bailey testimony

BoE's Bailey to testify before parliamentary committee The British pound is slightly higher at the start of the week. In the North American session, GBP/USD is trading at 1.2495, up 0.27%.

20-11-2023 11:25 GMT by Kenneth Fisher

AUD/USD extends gains, RBA minutes next

Australian dollar rises to 13-week high The Australian dollar is in positive territory on Monday. In the European session, AUD/USD is trading at 0.6553, up 0.59%.

20-11-2023 06:22 GMT by Kenneth Fisher

Japanese yen improves to six-week high

Japanese yen posts sharp gains on Monday The Japanese yen is up for a third straight day on Monday and has climbed 2% against the US dollar in the current rally. In the European session, USD/JPY is trading at 148.40, down 0.84%. Yen rebounds as US/Japan rate differential narrows After falling to a one-year low last week, the yen has rebounded and is trading at a six-week high.

20-11-2023 04:39 GMT by Kenneth Fisher

USD/JPY: A potential medium-term bearish reversal in progress

Heightened dovish expectations on US monetary policy have led to US Treasuries-JGBs yield premium shrinkage. Bearish momentum factor has taken a foothold as well with USD/JPY’s price action below its 20 and 50-day moving averages. Watch the 150.30/70 key medium-term resistance zone. The relentless medium-term impulsive upside movements of the USD/JPY in place since the 16 January 2022 low of 127.22 are likely to have succumbed to the “law of gravity” triggered by momentum and fundamental factor

20-11-2023 01:16 GMT by Kelvin Wong

Euro drifting as eurozone inflation falls to 2.9%

Eurozone inflation confirmed at 2.9% The euro is trading quietly on Friday. In the European session, EUR/USD is trading at 1.0870, up 0.17%.

17-11-2023 06:27 GMT by Kenneth Fisher

Australian dollar takes a breather after wild week

Markets see 60% chance of RBA rate hike in H1 of 2024 US Treasury yields fall to 4.35% The Australian dollar has bounced back on Friday after losses a day earlier. In the European session, AUD/USD is trading at 0.6487, up 0.24%. It has been a wild week for the Australian dollar, which soared 2% on Tuesday, courtesy of a softer-than-expected US inflation print.

17-11-2023 05:08 GMT by Kenneth Fisher

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