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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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EUR/USD - US CPI no game-changer for interest rate expectations
US CPI (YoY) 3.4% in December (3.1% in November) US Core CPI (YoY) 3.9% in December (4% in November) EURUSD fails at 1.10 The CPI report has become a source of good news for investors, as inflation has fallen sharply to within touching distance of the Federal Reserve's 2% target. The last step may be the hardest, as many have warned, but investors are clearly of the view that the hard work has been done and it's only a matter of time until rates are falling.
11-01-2024 12:06 GMT by Craig Erlam
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GBP/USD flat ahead of US inflation data
US CPI expected to edge higher to 3.2% UK GDP projected to rebound to 0.2% The British pound is unchanged on Thursday, trading at 1.2741 in Europe. We could see some movement from the pound in the North American session following the release of the US inflation report.
11-01-2024 05:31 GMT by Kenneth Fisher
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Japanese yen takes a tumble
Japan's wage growth decelerates to 0.2% The Japanese yen is down sharply on Wednesday. In the North American session, USD/JPY is trading at 145.74, up 0.86%. Japanese wage growth sputters Japan's wage growth was a major disappointment in November, with a meager gain of 0.2%.
10-01-2024 12:31 GMT by Kenneth Fisher
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British pound eyes Bailey testimony
The British pound is slightly higher on Wednesday. In the North American session, GBP/USD is trading at 1.2725, up 0.12%. BoE's Bailey testifying before Treasury Select Committee Bank of England Governor Bailey is testifying before the Treasury Select Committee today.
10-01-2024 11:32 GMT by Kenneth Fisher
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Australian dollar rises after CPI falls
The Australian dollar has rebounded on Wednesday. In the European session, AUD/USD is trading at 0.6705, up 0.28%. Australian CPI eases to 4.3% Australia's CPI for November rose 4.3% y/y, down considerably from 4.9% in October and just shy of the market estimate of 4.4%.
10-01-2024 07:12 GMT by Kenneth Fisher
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Nikkei 225: Major bullish breakout from 7-month range with further potential upside in store
Nikkei 225 rallied to a 34-year high & outperformed the major US benchmark US stock indices year-to-date. Domestic demand-oriented sectors are the outperformers in the current bullish movement seen in the Japanese stock market. The USD/JPY is now having a negative correlation with the Nikkei 225. The sustainability of the current bullish tone seen in the Nikkei 225 is largely more dependent on Japan’s inflation growth outlook. This is a follow-up analysis of our prior report, “Nikkei 225 Techni
10-01-2024 04:17 GMT by Kelvin Wong
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Euro edges lower after soft German data
German industrial production declines Atlanta Fed's Bostic says he expects two rate cuts in 2024 The euro has edged lower on Tuesday. In the North American session, EUR/USD is trading at 1.0928, down 0.20%. German industrial production declines The German locomotive continues to struggle as we start the New Year.
09-01-2024 12:37 GMT by Kenneth Fisher
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Australian dollar falls despite solid retail sales
The Australian dollar is in negative territory on Tuesday. In the North American session, AUD/USD is trading at 0.6685, down 0.51%. Australian retail sales surge Australia's retail sales sparkled in November but the strong rebound wasn't reflected in the Australian dollar.
09-01-2024 11:31 GMT by Kenneth Fisher
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EUR/USD Price Action - Technical Analysis
EURUSD continues its attempt to reverse back above the 1.1000 level but has been unsuccessful so far, the current trading range is critical, and any real breakout may help in forecasting future price action, we will go over a long-term as well as a short-term timeframe reflecting the current price action. Talking Points Weekly Chart - Longer Term Patterns overview 1-Hour Chart - Short Term and current price action Weekly Chart Price continues to trade below its ascending channel as identif
09-01-2024 10:08 GMT by Moheb Hanna
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Japanese yen shrugs as Tokyo Core CPI slows
Tokyo Core CPI eases to 2.1% The Japanese yen has posted slight gains for a second straight day. In the European session, USD/JPY is trading at 144.10, down 0.09%. Tokyo Core CPI dips to 2.1% Tokyo Core CPI rose 2.1% y/y in December, down from 2.3% in November and matching the estimate of 2.1%.
09-01-2024 06:25 GMT by Kenneth Fisher
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EUR/GBP Technical: Short-term relative weakness of EUR reasserts against GBP
Persistent underperformance of the EUR against GBP as the EUR/GBP cross pair reintegrated below the 200-day moving average. The hourly RSI momentum indicator of EUR/GBP has flashed out a bearish momentum condition. Watch the 0.8615 key short-term resistance with intermediate supports coming in at 0.8550 and 0.8500. In the long term, the EUR/GBP cross pair is still evolving within a major downtrend phase as depicted by its price actions’ oscillations within a descending channel in place since th
09-01-2024 05:16 GMT by Kelvin Wong
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Market Insights Podcast - Geopolitical risk uptick ahead of Taiwan Presidential Election with Tokyo, AU and US inflation on the radar next.
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events; Taiwan Presidential Election this weekend which may trigger a geopolitical risk uptick that gave rise to the underperformance of the China and Hong Kong stock markets at the start of the week. Inflation data out in the US where a weakening in core CPI for December is likely to keep the Fed's dovish pivot alive, in turn, ignite another potential fresh downleg in US dollar weakness and ris
08-01-2024 21:48 GMT by Kelvin Wong
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EUR/USD - Edging higher after bounce off key Fibonacci level
Euro area data points to further weakness in early 2024 Germany remains a concern amid weak factory numbers EURUSD higher but struggling around 1.10 It was a volatile end to the week for the dollar, with the jobs report initially causing a stir followed by the unexpectedly weak ISM services PMI. Today it's been Europe that's delivered a selection of data, albeit none quite as important as the two from the US on Friday. Retail sales for November were in line with expectations at -0.3% while the
08-01-2024 14:48 GMT by Craig Erlam
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Australian dollar dips ahead of retail sales
The Australian dollar is coming off a rough week and is under pressure on Monday. AUD/USD was down as much as 0.50% earlier but has recovered these losses and is unchanged on the day at 0.6717. US nonfarm payrolls beat forecast US nonfarm payrolls, released on Friday, accelerated in December and beat the forecast.
08-01-2024 11:24 GMT by Kenneth Fisher
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Canadian dollar shrugs off weak job numbers
Canada's employment growth falls close to zero US nonfarm payrolls hits 216,000 higher than expected USD/CAD has edged higher on Monday and is trading at 1.3387 in Europe, up 0.19%. There are no tier-1 releases out of the US or Canada today, so we can expect a quiet day for USD/CAD. The US dollar jumped out of the gates in the first week of 2024 and rose 0.83% against the Canadian dollar.
08-01-2024 07:50 GMT by Kenneth Fisher
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USD/JPY edges lower ahead of Tokyo Core CPI
US nonfarm payrolls rise more than expected to 216,000 Tokyo Core CPI expected to ease to 2.1% The Japanese yen has started the week with slight gains and is trading at 144.39 in the European session, up 0.16%. It was a rough week for the yen, which declined 2.5% against the US dollar, which has looked sharp against most of the majors since New Year's. US nonfarm payrolls stronger than expected US nonfarm payrolls ended 2023 on a strong note.
08-01-2024 05:59 GMT by Kenneth Fisher
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USD/JPY Technical: US dollar strength fizzled out ex-post US NFP
Last week’s broad-based US dollar strength has dissipated ex-post US non-farm payroll data with the continuation of its underperformance against the GBP. The US labour market has started to show growing slack where the labour force participation rate has dipped to 62.5%, its largest monthly decline in almost three years and full-time employment recorded its steepest drop since April 2020.
07-01-2024 23:13 GMT by Kelvin Wong
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USD/JPY - US jobs data a setback but no game changer
US NFP 216,000 (170,000 expected, 173,000 in November revised down from 199,000) Average hourly earnings (MoM) 0.4% (0.3% expected, 0.4% in November) USDJPY rebounds off key Fibonacci level The first US jobs report of the year was an early reminder to investors that things don't always go their way, despite the experience of the last couple of months. Whether it was just exuberant festive cheer or something more, investors bounced into the end of 2023 full of hope that not only is the tightenin
05-01-2024 12:15 GMT by Craig Erlam
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