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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.

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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
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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
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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
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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
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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
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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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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
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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
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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
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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
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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
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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
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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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NZD/USD slips ahead of GDP, Fed meeting
New Zealand GDP expected to decelerate US inflation ticks lower Fed widely expected to pause The New Zealand dollar is sharply lower in Wednesday trade. In the European session, NZD/USD is trading at 0.6095, down 0.61%. US inflation ticks lower, all eyes on Fed US inflation ticked lower in October as expected and the release was a non-event for the markets, which slightly reduced their rate-cut pricing.
13-12-2023 07:29 GMT by Kenneth Fisher
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British pound declines on soft GDP, FOMC looms
UK GDP contracts by 0.2% US inflation ticks lower Fed makes rate announcement later on Wednesday The British pound is in negative territory on Wednesday. In the European session, GBP/USD is trading at 1.2522, down 0.32%. UK GDP contracts in October The UK posted soft data today and the British pound has reacted with losses. The GDP report for October indicated that the economy contracted by 0.3% m/m, after a 0.2% gain in September.
13-12-2023 06:45 GMT by Kenneth Fisher
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EUR/USD Price Forecast: US Core CPI rises ahead of FOMC
Talking Points US Core CPI impact on trader's interest rates expectations. EURUSD Price Forecast: Technical analysis 8-hour chart The US Consumer Price Index “US Core CPI” changes, a critical inflation gauge for the FED and traders were released this morning, the core CPI which excludes energy and food prices due to their volatile nature rose 0.3% for November 2023 after its previous October 2023 increase of 0.2%, as for the Core CPI y/y, it reflected an increase of 0.4%, although both were i
12-12-2023 13:03 GMT by Moheb Hanna
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Australian dollar slips after US inflation ticks lower
US inflation eases to 3.1%, core rate unchanged at 4.0% Australia consumer confidence rebounds, business confidence slides The Australian dollar was up 0.35% prior to the US inflation release but has since reversed directions. In the North American session, AUD/USD is trading at 0.6550, down 0.29%. US inflation ticks lower, core rate steady US inflation edged lower to 3.1% y/y in November, down from 3.2% in October and in line with the consensus estimate.
12-12-2023 10:20 GMT by Kenneth Fisher
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