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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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RBNZ’s Orr – Inflation expectations still too high
The New Zealand dollar is drifting on Friday. In the European session, NZD/USD is trading at 0.6110, up 0.08%. Orr pushes back against rate cut expectations The Reserve Bank of New Zealand has made inflation its top priority and the Bank’s steep rate-hiking cycle has brought inflation lower.
16-02-2024 08:02 GMT by Kenneth Fisher
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GBP/USD yawns as UK retail sales soar
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2578, down 0.17%. UK retail sales rebound with 3.4% gain UK retail sales were more than impressive, surging 3.4% m/m in January.
16-02-2024 05:18 GMT by Kenneth Fisher
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USD/CAD - Rally stalls again after weaker US retail sales data
US retail sales below expectations at -0.8% in January November and December also revised lower USDCAD falls after briefly breaching resistance There was a big data drop from the US ahead of the opening bell on Wall Street today, with one report in particular getting people's attention. The retail sales data for January were poor. Not only that, they were much poorer than already low expectations.
15-02-2024 10:32 GMT by Craig Erlam
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Empire State Manufacturing Index - EURUSD Technical Analysis Overview
The markets await the Empire State Manufacturing Index this morning; the index is based on surveying a monthly sample of the State’s manufacturing executives and is handled by the Federal Reserve Bank of New York. The index is considered a leading indicator; a reading above zero reflects expansion, and below zero reflects contraction.
15-02-2024 07:51 GMT by Moheb Hanna
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Australian dollar shrugs after weak jobs report
The Australian dollar is showing limited movement on Thursday. In the European session, AUD/USD is trading at 0.6496, up 0.07%. Australian job growth flatlines Australia’s employment report was softer than expected, but the Australian dollar didn’t show much reaction.
15-02-2024 06:31 GMT by Kenneth Fisher
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GBP/USD - UK in recession but that's unlikely to sway the BoE yet
UK GDP -0.3% in Q4 and -0.1% in December BoE not concerned about recession GBPUSD momentum fading near February lows? The UK fell into recession in the second half of last year after GDP figures for the fourth quarter showed a steeper contraction than expected. While a recession was expected ahead of the release, the fourth quarter number was slightly worse despite December performing better than anticipated.
15-02-2024 04:58 GMT by Craig Erlam
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USD/JPY: Lingering below 151.40/95 major resistance zone
JPY weakness failed to materialize after Japan’s Q4 GDP came in way below expectations. Fear of looming BoJ’s intervention to put a halt to recent JPY weakness after MoF’s vice finance minister Masato Kanda’s warnings yesterday on the recent rapid moves in the FX markets ex-post hotter than expected US CPI data release. Short-term upside momentum of US dollar strength against JPY has started to ease. Flash Q4 2023 GDP data for Japan has indicated that the Japanese economy slipped into a technic
15-02-2024 01:16 GMT by Kelvin Wong
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USD/CAD - Two-month high ahead of Thursday's US retail sales report
US inflation data boosts the dollar Retail sales eyed on Thursday for signs of strong demand USDCAD may remain rangebound The US dollar reached a two-month high against its Canadian counterpart on Wednesday on the back of some stronger economic data. The inflation figures from the US propelled the greenback higher as traders were forced to scale back expectations for interest rate cuts from the Federal Reserve this year.
14-02-2024 09:00 GMT by Craig Erlam
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Pound extends losses after UK inflation unchanged
The British pound continues to lose ground on Wednesday. In the European session, GBP/USD is trading at 1.2546, down 0.35%. UK inflation holds steady at 4.0% The January inflation report showed that inflation didn’t budge but was lower than expected.
14-02-2024 08:55 GMT by Kenneth Fisher
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GBP/JPY - Eases from highs after weaker UK inflation data
UK inflation unchanged in January Markets expect BoE rate cut in Q2 GBPJPY pares gains after hitting 8.5 year high UK inflation data this morning will have been a welcome surprise for the Bank of England but there's still a long way to go. Unfavorable base effects were expected to lift headline and core CPI last month but in both cases, they stayed at the same level. A small win but a win nonetheless for the BoE. It was already expected to fall back to target in the second quarter before rebo
14-02-2024 06:42 GMT by Craig Erlam
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Gold - Falls below $2,000 after resilient display this year
US inflation report hits gold Fewer Fed rate cuts priced into markets A loss of major technical support US inflation data finally took its toll on gold which, after holding strong above $2,000 this year, finally crumbled under the pressure of higher rates. How much worse it gets for the yellow metal will ultimately depend on how bad the data gets but, under the circumstances, we're certainly back in a "good news is bad news" scenario ahead of the retail sales data.
13-02-2024 13:26 GMT by Craig Erlam
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EUR/USD - Three-month low after US inflation disappointment
US inflation falls less than expected Fed rate cuts scaled back in markets EURUSD falls and momentum builds This is not the inflation report that the Federal Reserve wanted to see and markets have responded accordingly. Inflation in January was hotter than expected across the board. The headline and core monthly readings printed at 0.3% while the annual readings came in at 3.1% and 3.9%, respectively. While an improvement at the headline level, it's less so than markets were positioned for an
13-02-2024 12:45 GMT by Craig Erlam
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EUR/GBP - A step in the right direction for the UK but BoE will remain cautious
UK wage growth slows to 5.8% (inc bonus) and 6.2% (exc bonus) in December CPI eyed tomorrow with UK expected to be confirmed as in recession on Thursday EURGBP sell-off accelerates in key support zone The UK continues to make progress toward being able to cut interest rates but as has been the case throughout the last couple of years, the process is not straightforward. The good news is that wage growth is slowing at a good pace after peaking last summer and near-term trends are very p
13-02-2024 09:20 GMT by Craig Erlam
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GBP/JPY - Testing highs ahead of key UK economic data
UK wage growth key to BoE sustainably hitting inflation target GBPJPY struggling near recent highs Divergence points to loss of momentum The coming days offer several important data points for the UK that could help determine when the Bank of England starts cutting interest rates and, by extension, where the currency is headed in the coming months. The jobs report on Tuesday is always widely followed but with the unemployment component less reliable than normal, it's the average earnings that
12-02-2024 15:36 GMT by Craig Erlam
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GBP/USD eyes Bailey, jobs report
The British pound is showing limited movement at the start of the week. In Monday's North American session, GBP/USD is unchanged at 1.2629. Bank of England Governor Andrew Bailey will speak at a public event later today and the markets will be listening carefully, looking for hints about the BoE's future rate path.
12-02-2024 09:17 GMT by Kenneth Fisher
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