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.

Japanese yen surges on hawkish BoJ

The Japanese yen has posted massive gains on Wednesday. In the North American session, USD/JPY is trading at 146.94, down 0.96%. Yen rises on Ueda's hawkish comments The Bank of Japan didn't have any surprises up its sleeve at yesterday's meeting.

24-01-2024 08:43 GMT by Kenneth Fisher

EUR/USD - Rallies despite continued weakness in eurozone PMIs

Eurozone data remains recessionary EURUSD rebounds after surveys Is it just a corrective rally? The data from the eurozone isn't improving early in the new year, with the latest PMI surveys all remaining firmly in contraction territory. While we're continuing to see improvements in the manufacturing survey, that comes from a very low base and still some way from the 50 threshold that separates growth from contraction. And it doesn't appear on course to breach that threshold any time soon. The

24-01-2024 08:33 GMT by Craig Erlam

New Zealand dollar extends gains as inflation falls

New Zealand CPI fall to 4.7% New Zealand dollar rises The New Zealand dollar has posted strong gains on Wednesday. In the European session, NZD/USD is trading at 0.6132, up 0.49%. New Zealand CPI eases to 4.7% New Zealand's inflation rate was expected to slow in the fourth quarter and the estimates were right on the money.

24-01-2024 05:24 GMT by Kenneth Fisher

NZD/JPY: JPY crosses under downside pressure after BoJ’s hawkish guidance

Japanese Government Bond (JGB) yields on the upmove ex-post BoJ. Positive yield premium shrinkage (JGB over the rest of the world) may put further downside pressure on JPY crosses carry trades. Watch NZD/JPY where RBNZ may reduce its hawkish rhetoric reinforced by NZ Q4’s soft inflation data. This is a follow-up analysis of our prior report, “BoJ poised to offer guidance on the removal of short-term negative rates may spark JPY strength” published on 22 January 2024. Click here for a recap.

24-01-2024 01:12 GMT by Kelvin Wong

Euro steady, eyes PMIs

The euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.0866, down 0.15%. Eurozone, German PMIs expected to remain in contraction The eurozone economy is sputtering and the road to recovery is likely to be a long one.

23-01-2024 09:41 GMT by Kenneth Fisher

NZD/USD stems slide, inflation next

New Zealand Services PSI eases to 48.8 New Zealand inflation expected to ease to 0.5% The New Zealand dollar has edged higher on Tuesday. In the North American session, NZD/USD is trading at 0.6086, up 0.17%. New Zealand's economy has struggled in the fourth quarter and a soft services release won't help things.

23-01-2024 09:17 GMT by Kenneth Fisher

GBP/JPY - Remains near highs as the BoJ stands pat in January

BoJ leaves the policy rate unchanged at -0.1% Maintains 10-year JGB yield target around 0% with a flexible buffer of 1% GBPJPY hangs around recent highs despite hints at future rate moves The Bank of Japan opted to leave interest rates and its yield curve control policy unchanged today, indicating a decision on negative rates may come at one of the upcoming meetings. It was always likely that no decision would be taken today as the central bank awaits the outcome of the spring wage negot

23-01-2024 08:50 GMT by Craig Erlam

Japanese yen pares gains after BOJ meeting

The Japanese yen is slightly lower in the European session on Tuesday. USD/JPY fell 0.54% after today's BoJ policy meeting but has pared most of those gains and is trading at 147.82, down 0.18%. Bank of Japan stays pat As expected, the BoJ maintained its policy settings at today's meeting.

23-01-2024 06:23 GMT by Kenneth Fisher

AUD/USD Technical: Potential short-term bullish reversal for AUD supported by China’s stock market rescue package

The higher beta risk-sensitive AUD has started to see a turnaround to the upside against the US dollar in the past two sessions. Reinforced by risk-on behaviour in global stock markets coupled with today’s China Premier Li Qiang’s verbal intervention that advocated more “forceful” measures to negate the rout in the China equities. AUD/USD’s minor bullish reversal unfolding with next intermediate resistances at 0.6640 and 0.6735. This is a follow-up analysis of our prior report, “EUR/AUD Techni

23-01-2024 01:53 GMT by Kelvin Wong

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Market Insights Podcast - BOJ and ECB in the focus with US PCE inflation

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data and events; another horrendous start of the week for China and the Hong Kong stock markets, as they continued to plummet with the Hang Seng China Enterprises Index that recorded a daily loss of -2.44%, edging closer to almost a two-decade low. Market participants seem to be getting impatient with Chinese top policymakers in terms of the current pace and magnitude of stimulus measures.

22-01-2024 20:09 GMT by Kelvin Wong

EUR/GBP - Has the time come for the ECB to pivot?

ECB meeting on Thursday Markets expecting the first rate cut in April EURGBP trading near summer lows ahead of the meeting Markets are pricing in a lot of rate cuts from the ECB this year and we could learn on Thursday whether they are correct to do so. The central bank has been resistant to speculation that it could be preparing to cut rates in March and that level of pushback has encouraged traders to push back the first move to April but it's still pricing in 125 basis points

22-01-2024 12:23 GMT by Craig Erlam

Euro in calm waters as data calendar light

The euro is showing little movement on Monday. In the North American session, EUR/USD is trading at 1.0890, down 0.07%. Will ECB pause again? The European Common Bank meets on Thursday for the first policy meeting of the year.

22-01-2024 11:43 GMT by Kenneth Fisher

New Zealand dollar eyes Services PSI

New Zealand releases Performance of Services Index on Tuesday The New Zealand dollar is flat at the start of the week. In the European session, NZD/USD is trading at 0.6116, up 0.01%.

22-01-2024 08:35 GMT by Kenneth Fisher

USD/JPY calm ahead of BoJ announcement

Bank of Japan to make announcement on Tuesday The Japanese yen is in a holding pattern on Monday as the Bank of Japan holds a two-day meeting today and Tuesday. In the European session, USD/JPY is trading at 148.05, down 0.08%. The yen has been on a rollercoaster in recent weeks.

22-01-2024 05:28 GMT by Kenneth Fisher

BoJ poised to offer guidance on the removal of short-term negative rates may spark JPY strength

10-year JGB implied volatility has tapered downwards since the implementation of flexible YCC in October 2023, lowering the odds of disorderly movements in the JGB Elevated demand-pull inflation (excluding fresh food & energy) in Japan may prompt BoJ to upgrade its inflation (excluding fresh food & energy) forecasts for FY 2024 & FY 2025. Technical analysis has detected bearish elements in USD/JPY where JPY may start to strengthen in the short term towards 146.25 and a break below it exposes 1

22-01-2024 02:19 GMT by Kelvin Wong

Yen under pressure, Core CPI eases

Japan's Core CPI eases to 2.3% The Japanese yen has recovered after losing ground earlier in the day. USD/JPY rose as high as 148.80, its highest level in three weeks.

19-01-2024 07:54 GMT by Kenneth Fisher

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Hedging the Markets - EURGBP rebounds after UK retail sales data (video)

OANDA Senior Market Analyst Craig Erlam gives his analysis of EURGBP after the disappointing retail sales release from the UK.

19-01-2024 07:24 GMT by Craig Erlam

Canadian dollar drifting ahead of retail sales

Canada's retail sales expected to fall to zero The Canadian dollar is showing limited movement for a second straight day. In the European session, USD/CAD is trading at 1.3496, down 0.13%. Markets brace for stagnant retail sales Canada releases retail sales for November later today, and the markets are expecting no growth, following a 0.7% gain in October.

19-01-2024 06:46 GMT by Kenneth Fisher

GBP/JPY - Pulls off highs as UK retail sales plunge in December

A poor December for UK retailers Is weaker demand a good thing for the BoE? GBPJPY eases off eight-year highs UK retail sales fell sharply in December as consumers tightened their pursestrings during what is normally a hugely important time of year for retailers. Any sense of optimism from the jump in sales in November was short-lived, with the decline in sales last month as widespread as it was steep. Everyone from food retailers to department stores saw a sharp reduction in sales as consumers

19-01-2024 05:23 GMT by Craig Erlam

GBP/USD dips as retail sales slide

UK retail sales slide 3.2% in December GBP/USD edges lower The British pound has weakened slightly on Friday. In the European session, GBP/USD is trading at 1.2682, down 0.18%. UK retail sales take a tumble The markets were expecting a letdown from December retail sales after a strong November reading, but nobody was expecting a multi-year drop.

19-01-2024 04:19 GMT by Kenneth Fisher

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