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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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CHF/JPY Technical: Bearish elements sighted below the all-time high of 170.54
Bearish readings seen in the daily and hourly RSI momentum indicators have reinforced the weakening medium-term and short-term impulsive up moves of CHF/JPY. Watch the key short-term resistance at 169.65 for CHF/JPY. The major uptrend phase of the CHF/JPY has started to show signs of bullish exhaustion at this juncture which increases the risk of a multi-week corrective decline to retest its 50-day moving and the median line of a major ascending channel in place since 13 January 2023 low, actin
27-11-2023 00:42 GMT by Kelvin Wong
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EUR/GBP - Germany on the brink of recession, UK consumer confidence improving
German double-dip recession likely after 0.1% contraction in Q3 UK consumer confidence improves but remains weak EURGBP appears to fail again near range high German uncertainty weighing on the single currency The euro is slipping against the pound at the end of the week with economic data highlighting the challenges facing the bloc. Nowhere is that more evident than in Germany which appears to be on the brink of a double-dip recession and facing immense uncertainty over its budget for next year
24-11-2023 08:12 GMT by Craig Erlam
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Japanese yen shrugs as core CPI ticks higher
Japanese core inflation rises US PMIs expected to show little change The Japanese yen is unchanged on Friday, trading at 149.57. Japan's core inflation rises to 2.9% Japan's core CPI rose slightly in October to 2.9% y/y, up from 2.8% in September and just below the consensus estimate of 3.0%. The core CPI print excludes fresh food but includes energy.
24-11-2023 06:51 GMT by Kenneth Fisher
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EUR/USD steady as German GDP contracts
German GDP shrinks in Q3 US to release manufacturing and services PMIs The euro is almost unchanged on Friday. In the European session, EUR/USD is trading at 1.0903, down 0.03%. German economy declines German GDP posted a minor drop in the third quarter, coming in at -0.1% q/q.
24-11-2023 05:44 GMT by Kenneth Fisher
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USD/JPY: Japan’s inflation accelerated, a struggle for bulls at the 50-day moving average
Resurgence of inflationary pressures in Japan due to higher import costs from energy prices. The Bank of Japan may face renewed political pressure to normalize its current dovish monetary policy stance to negate significant JPY's weakness. Recent uptick in 10-year JGB yield from an 11-week low may trigger another potential down leg in USD/JPY. Watch the 150.20 key short-term resistance on USD/JPY. The latest nationwide Japan core inflation for October (excluding fresh food) ticked higher for th
24-11-2023 01:06 GMT by Kelvin Wong
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NZD/USD rises ahead of retail sales
New Zealand retail sales expected to decline by 0.8% US markets closed for Thanksgiving The New Zealand dollar is in positive territory on Thursday. Early in the North American session, NZD/USD is trading at 0.6042, up 0.34%. Will New Zealand retail sales continue declining? Retail sales are a key gauge of consumer spending and the New Zealand consumer has been holding tightly to the purse strings.
23-11-2023 08:50 GMT by Kenneth Fisher
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EUR/USD edges higher as PMIs show improvement
German, Eurozone PMIs accelerate The euro is trading slightly higher on Thursday. In the European session, EUR/USD is trading at 1.0917, up 0.27%. German PMIs accelerate but still in decline German PMIs were released earlier today, presenting a cup-half-full-half-empty picture.
23-11-2023 05:53 GMT by Kenneth Fisher
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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
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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
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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
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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
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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
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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
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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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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
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