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 yawns as UK shop inflation declines

UK shop inflation falls to 2.5% The British pound is drifting on Tuesday. In the European session, GBP/USD is trading at 1.2683, down 0.03%. Shop price, food inflation heads lower UK shop inflation doesn’t usually make headlines but today’s release was further evidence that inflation is on a downward trend.

27-02-2024 06:52 GMT by Kenneth Fisher

Market Insights Podcast - China PMI, Japan CPI, US PCE and RBNZ on the radar

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events, notably the US Federal Reserve preferred data on inflationary trends in the US, the core PCE. The consensus is expected another soft print of 2.4% y/y in January versus 2.6% y/y in December 2023, an inline core PCE with the consensus is likely to be much preferred by stock market bulls as to keep the Fed's dovish pivot "alive".

26-02-2024 20:33 GMT by Kelvin Wong

USD/JPY: All eyes on Japan's core-core inflation tomorrow

Japan’s core-core CPI for January 2024 is expected to come in soft at 3.2% y/y versus 3.7% y/y in December 2023. Leading economic indicators, Japan’s Consumer Confidence, and Average Cash Earnings of employees suggest a more potentially upbeat core-core inflation rate for January 2024. Watch the 150.70 key short-term resistance of USD/JPY with near-term support at 149.60. This is a follow-up analysis of our prior report, “USD/JPY: Lingering below 151.40/95 major resistance zone” published on 15

26-02-2024 02:01 GMT by Kelvin Wong

USD/CAD muted after mixed retail sales report

The Canadian dollar is drifting on Friday. In the European session, USD/CAD is trading at 1.3468, down 0.1%.

23-02-2024 09:24 GMT by Kenneth Fisher

New Zealand dollar edges lower after soft retail sales

The New Zealand dollar has been on a roll but is in danger of snapping a seven-day rally during which it gained over 2% against the US dollar. NZD/USD is trading in the European session at 0.6185, down 0.16%. New Zealand retail sales decline by 1.9% Another retail sales report, another decline.

23-02-2024 06:22 GMT by Kenneth Fisher

EUR/USD - A bullish breakout or just further consolidation?

Eurozone sees marginal improvement in surveys US services cool in February EURUSD breaks through descending channel The PMI surveys have certainly made it an eventful day in the markets, albeit one that doesn't necessarily provide more clarity on interest rate movements in the coming months. The eurozone PMIs displayed some improvement on the services side, with the survey moving out of contraction territory for the first time in six months. Manufacturing on the other hand reversed some of the

22-02-2024 17:33 GMT by Craig Erlam

New Zealand dollar rises to five-week high, retail sales next

The New Zealand dollar continues to gain ground and has extended its gains for a seventh straight day. In the North American session, NZD/USD is trading at 0.6187, up 0.12%.

22-02-2024 12:10 GMT by Kenneth Fisher

Canadian dollar powers higher after hawkish FOMC minutes

The Canadian dollar is higher on Thursday. In the European session, USD/CAD is trading at 1.3453, down 0.39%. Minutes: Fed remains cautious about cutting rates The minutes of the Fed’s January meeting didn’t contain any surprises.

22-02-2024 05:41 GMT by Kenneth Fisher

USD/CAD drifting ahead of FOMC minutes

The Canadian dollar is trading quietly on Wednesday. In the North American session, USD/CAD is trading at 1.3517, down 0.07%. FOMC minutes loom Investors are anxiously awaiting the release of the minutes of the Fed’s January meeting later today, hoping for some insights about the Fed’s future interest rate path.

21-02-2024 12:25 GMT by Kenneth Fisher

Australian dollar pares gains after strong wage growth

The Australian dollar continues to climb and has put together a five-day winning streak. The Aussie rose as much as 0.36% earlier but has pared most of these gains and is currently trading at 0.6552 in the European session, up 0.05%. Wage Price Index climbs 4.2% in Q4 Australia’s wage price index (WPI) rose 4.2% y/y in the fourth quarter, up from a revised 4.1% gain in the third quarter and above the market estimate of 4.1%.

21-02-2024 06:45 GMT by Kenneth Fisher

GBP/USD climbs after Bailey’s dovish comments

The British pound is higher on Tuesday. In the North American session, GBP/USD is trading at 1.2650, up 0.43%. Is Bailey turning dovish? With little else on the calendar today, Bank of England Governor Andrew Bailey is front and center.

20-02-2024 11:17 GMT by Kenneth Fisher

Australian dollar shrugs after RBA minutes, China rate cut

The Australian dollar continues to rally and has extended its gains for a fifth successive day. In the European session, AUD/USD is trading at 0.6550, up 0.19%. Minutes: RBA considered raising rates The minutes of the RBA’s February meeting were released earlier today.

20-02-2024 06:23 GMT by Kenneth Fisher

USD/CAD - A quiet start to the week but plenty to come

Canadia inflation expected to have fallen again in January Will the FOMC minutes shed any light on rate cuts? USDCAD higher but momentum remains weak It's no surprise that it's been a quiet start to the week, with both countries observing a bank holiday but several events on the horizon should ensure things pick up. Canadian inflation data on Tuesday is the first of those, with the headline rate expected to have eased slightly in January. While not nearly enough to make the next Bank of Canada

20-02-2024 01:18 GMT by Craig Erlam

AUD/USD Technical: Bulls have failed to break above the 0.6570 resistance

Recent China’s stimulus policies have failed to provide a positive feedback loop for AUD/USD bulls. The recent movement of the AUD/USD seems to be more driven by the fixed income yield spread between the 2-year US Treasury note and the Australian government bond. The pushback in expectations of the first Fed funds rate cut has put downside pressure on the 2-year negative yield spread between the Australian government bond and the US Treasury note. Watch the 0.6570 key short-term resistance for t

20-02-2024 00:56 GMT by Kelvin Wong

Market Insights Podcast - FOMC minutes, flash PMI from Japan, Eurozone & UK are the key focus

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events, notably on the release of the FOMC minutes of the recent January Fed's monetary policy meeting where market participants will be scrutinizing the thoughts and comments of Fed official on the views of US inflationary pressure trajectory given the hotter than expected CPI and PPI prints for January. Meanwhile, China stock market is backed after a 5-day Lunar New Year break, and the Nikkei

19-02-2024 20:48 GMT by Kelvin Wong

New Zealand dollar rises on strong services data

The New Zealand dollar continues to gain ground and has extended its gains for a fourth straight day. In the North American session, NZD/USD is trading at 0.6149, up 0.44%. Services PMI hits 8-month high New Zealand’s BusinessNZ Performance of Services Index improved to 52.1 in January from 48.8 in December, above the forecast of 49.6.

19-02-2024 14:40 GMT by Kenneth Fisher

Australian dollar extends gains, RBA minutes next

The Australian dollar extended its gains for a fourth straight day. In the European session, AUD/USD is trading at 0.6537, up 0.10%. Last Tuesday, the Australian dollar suffered its worst one-day showing of the year, declining by 1.18%, after US inflation was higher than expected, which sent the US dollar surging higher.

19-02-2024 06:38 GMT by Kenneth Fisher

EURJPY Price Action and Technical Analysis Overview

Talking Points: FOMC January 31st, 2024, Meeting Minutes. Technical Analysis EUR/JPY 8-Hour chart Commitment of Traders Report - EUR/JPY OANDA’s Position Ratio Indicator FOMC January 31st, 2024, Meeting Minutes This Wednesday, markets await the FOMC minutes for their latest meeting on January 31st, 2024; it is not expected that there will be any significant surprises in the minutes; however, traders will be searching within the text for indications regarding the Fed’s economic projections and

18-02-2024 11:40 GMT by Moheb Hanna

Week Ahead North America - FOMC minutes key, Canadian inflation in focus

Is March a live meeting for the Fed? Inflation data in focus as markets eye July BoC rate cut. FOMC minutes could tell us how close they are to rate cuts.

16-02-2024 12:59 GMT by Craig Erlam

Week Ahead Europe - Eurozone inflation and PMI surveys eyed

Is a March rate cut from the ECB still possible? UK surveys eyed as the economy falls into recession.

16-02-2024 10:39 GMT by Craig Erlam

1 … 103 104 105 … 239