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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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Euro pushes higher as German inflation falls
German inflation falls to 3.8% Eurozone inflation expected to follow suit on Wednesday The euro is in positive territory on Monday. In the North American session, EUR/USD is trading at 1.0502, up 0.36%. German inflation slides Germany's consumer inflation dropped to 3.8% y/y in October, down sharply from 4.5% in September and below the market consensus of 4.0%.
30-10-2023 10:08 GMT by Kenneth Fisher
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USD/JPY holds below 150 ahead of BoJ meeting
BoJ's holding 2-day meeting on Monday and Tuesday The Japanese yen is drifting on Monday after pushing the US dollar back below 150 on Friday. In the European session, USD/JPY is trading at 149.71, up 0.05%. Will BoJ tweak yield curve control? The Bank of Japan holds its two-day meeting beginning on Monday and there's plenty of anticipation around the meeting.
30-10-2023 08:04 GMT by Kenneth Fisher
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USD/JPY Technical: Bearish elements sighted at key resistance zone
Last Friday, 27 Oct price actions of the USD/JPY led to the formation of a weekly bearish reversal “Shooting Star” candlestick right at a key resistance zone of 150.30/150.90. Medium-term momentum has turned lacklustre as indicated by the bearish divergence condition seen in the daily RSI. Watch the potential downside trigger level of 149.30 (20-day moving average) on the USD/JPY. This is a follow-up analysis of our prior report, “USD/JPY bullish momentum seems to be fading” published on 24 Oct
30-10-2023 07:15 GMT by Kelvin Wong
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Nikkei 225: Short-term positive momentum emerged ahead of BoJ
Recent decline in the Nikkei 225 has managed to stall again at the key 200-day moving average with positive momentum seen in the hourly RSI indicator. Bank of Japan's (BoJ) latest quarterly outlook report will be closely watched; upbeat inflationary forecasts for FY 2023/2024 may signal a faster pace of monetary policy normalization. The TOPIX Banks and Financials sectors have started to price in such a “quickened pace” of policy normalization scenario in the past week. Watch the 30,490/30,32
30-10-2023 02:20 GMT by Kelvin Wong
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USD/CAD: Surges to highest levels since October 2022; Commodity prices remain volatile on geopolitical headlines
Loonie lower as oil prices pare earlier gains Overnight Index Swaps eye BOC's next move as a rate cut in H2 2024 Fed funds futures see a 31% chance of a rate by the January 31st FOMC meeting The US dollar is rallying against the Canadian dollar as the odds of one more rate hike seem more likely with the Fed than with the BOC.  After the BOC's October 25th meeting, traders appear convinced that the bank is done raising rates. Today's impressive US  economic data showed core PCE came in a little
27-10-2023 13:03 GMT by Edward Moya
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Next week will be huge for the dollar: Treasury Refunding Statement, BOJ and Fed Decisions
Fed expected to keep rates on hold despite robust US GDP/personal consumption/spending data Monthly pace of core inflation ticked higher October's PCE reading however is expected to cool towards 3.2% Any chance of a dovish hold by the Fed went out the window after core PCE posted its largest gain in four months.  Despite another round of robust US economic data (spending and PCE deflator), Treasury yields remain anchored as the Middle East conflict widens.  In response to attacks made on US
27-10-2023 10:56 GMT by Edward Moya
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Aussie rises, US Core PCE Price Index eases
AUD/USD extends gains US Core PCE Prices ticks lower The Australian dollar is higher on Friday. In the North American session, AUD/USD is trading at 0.6350, up 0.42%. The RBA meets next on November 7th and we are seeing strong swings in RBA rate odds.
27-10-2023 08:53 GMT by Kenneth Fisher
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EUR/USD shrugs as ECB holds rates
ECB holds rates, as expected US to release Core PCE Price Index The euro is having a quiet day. In the European session, EUR/USD is trading at 1.0547, down 0.15%. ECB holds rates at 4.0% There wasn't much drama leading up to the ECB rate decision on Thursday, as a pause in rates was widely expected.
27-10-2023 07:18 GMT by Kenneth Fisher
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CHF/JPY Technical: At risk of a multi-day corrective decline reinforced by a hotter Tokyo CPI
Several key bearish technical elements have emerged on the CHF/JPY. The Tokyo-area inflationary data for October has surpassed expectations that revive a potential hawkish guidance from the Bank of Japan (BoJ)’s upcoming monetary policy decision next Tuesday, 31 October. Watch the short-term key resistance of 167.60 on CHF/JPY. This is a follow-up analysis of our prior report, “CHF/JPY further potential up move reinforced by CHF safe haven status” published on 16 October 2023.
27-10-2023 06:54 GMT by Kelvin Wong
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USD/JPY edges lower, Tokyo Core CPI rises
Tokyo Core CPI climbs higher than expected US GDP jumps 4.9% The Japanese yen has steadied after three straight days of losses. In the European session, USD/JPY is trading at 150.11, down 0.19%. Strong Tokyo Core CPI puts the heat on BoJ Tokyo Core CPI climbed 2.7% y/y in October, above 2.5% in September which was also the consensus estimate.
27-10-2023 05:05 GMT by Kenneth Fisher
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USD/JPY breaks above 150, US GDP soars
Japanese yen falls below 150 line US GDP jumps 4.9% The Japanese yen is down slightly on Thursday, and the drop was enough to send the yen below the key 150 line. In the North American session, USD/JPY is trading at 150.33, up 0.08%. Japanese yen breaches 150, is intervention next? The Japanese yen has been hovering just shy of the 150 line for two weeks and it seemed just a matter of time before it would break below this symbolic but critical level.
26-10-2023 13:44 GMT by Kenneth Fisher
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EUR/GBP - ECB may consider rate cuts earlier than it wants to admit
ECB holds as expected Downside growth risks a concern EURGBP fails to hold above key resistance There were no major surprises from the ECB on Thursday, with the central bank leaving rates on hold while warning they will remain high for a sufficiently long duration. However, there were signs that policymakers are a little concerned about the economic consequences of all of this tightening, most notably the repeated references to weakness in the economy.
26-10-2023 11:58 GMT by Craig Erlam
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ECB React: Euro softer post dovish hold and robust US data
ECB keeps rates on hold as inflation and growth cool US Core PCE cools more-than-expected US continuing claims rise to the highest levels since May The US dollar was slightly firmer after a dovish hold by the ECB and after a handful of US economic readings boosted soft landing hopes as the labor market softened, quarterly Core PCE cooled more than expected, and economic growth surged last quarter.
26-10-2023 11:13 GMT by Edward Moya
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AUD/USD slips to 12-month low on Bullock's comments
AUD/USD falls to lowest level since October 2022 US GDP expected to jump to 4.3% The Australian dollar has pared losses from earlier today. In the European session, AUD/USD is trading at 0.6303, down 0.07%. Bullock shrugs off hot inflation Australian inflation was stronger than expected in the third quarter, raising expectations that the Reserve Bank of Australia might respond with a rate hike after four consecutive pauses.
26-10-2023 07:54 GMT by Kenneth Fisher
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EUR/JPY Technical: Bulls are in hesitant mode again as ECB looms
This is a follow-up analysis of our prior report, “EUR/JPY Technical: Bulls may have reached a key bearish reversal zone” published on 18 September 2023. Click here for a recap. The price actions of the EUR/JPY have shaped the expected minor slide toward the highlighted support of 155.90 as mentioned in our previous report.
26-10-2023 07:44 GMT by Kelvin Wong
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Euro under pressure ahead of ECB meeting
ECB expected to pause at today's meeting The euro continues to lose ground and has fallen over 1% since Monday. In the European session, EUR/USD is trading at 1.0545, down 0.19%. Will the ECB take a pause? It has been a long time coming, but barring a major surprise, the ECB will hold rates at today's meeting.
26-10-2023 04:25 GMT by Kenneth Fisher
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USD/JPY: Hovering around 150 as Japanese bond yields steadily rise
Japan 10-year bond yields rose 1.5bps to 0.852% Odds of a yield curve control adjustment are growing for next week's BOJ meeting Dollar-yen vulnerable to a surge above 150 on a robust US Q3 GDP print The pressure is building on the Bank of Japan. As the global bond market selloff resumes, Japan's ultra-easy monetary policy stance has allowed excessive yen weakness.
25-10-2023 13:52 GMT by Edward Moya
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