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.

EUR/USD slips, Eurozone inflation rises

Eurozone inflation rises, core rate dips US nonfarm payrolls expected to drop to 177,000 The euro is in negative territory on Friday. In the European session, EUR/USD is trading at 1.0908, down 0.33%. Eurozone inflation rises to 2.9% Eurozone inflation has been falling and dropped to 2.4% y/y in November, within striking distance of the 2% target.

05-01-2024 05:50 GMT by Kenneth Fisher

Canadian dollar eyes US, Canada jobs data

US nonfarm payrolls expected to fall to 177,000 Canada's employment change projected to drop to 13,500 The Canadian dollar is showing limited movement on Friday, but that could change in the North American session, when Canada and the US release the December employment reports. In the European session, USD/CAD is trading at 1.3363, up 0.10%. The Canadian dollar looked sharp in December, with gains of 2.27%.

05-01-2024 04:40 GMT by Kenneth Fisher

USD/JPY Technical: Countertrend USD rebound remains intact ahead of US NFP

The US dollar is the top performer against the JPY on a 5-day rolling basis (+3%). A monthly US NFP jobs gain of between +240K to +260K may ignite another bout of US dollar rally. Bullish momentum is supporting a potential extension of the ongoing countertrend rebound in USD/JPY. Watch the next intermediate resistance at 146.70/147.45

05-01-2024 02:17 GMT by Kelvin Wong

AUD/JPY Technical Analysis Overview - FX Pairs to Watch

Talking Points Weekly Chart Technical Analysis Short Term formation before Non-Farm Payroll Weekly Chart Price was trading within an uptrend that began mid-year 2020 and may still be in place, however, the trend acceleration pace slowed once the FED began raising Interest Rates in early 2022, and price action continued sideways failing to make new highs since then. Price found resistance multiple times near the RED Resistance line identified on the above weekly chart near level 98.00 The ov

05-01-2024 00:21 GMT by Moheb Hanna

GBP/USD rises on Services PMI, Construction PMI next

The British pound has edged higher on Thursday. In the North American session, GBP/USD is trading at 1.2698, up 0.27%. UK Services PMI beats expectations UK Services Final PMI was a bright note on Thursday.

04-01-2024 11:40 GMT by Kenneth Fisher

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EUR/USD - US jobs report eyed after the FOMC minutes

OANDA Senior Market Analyst Craig Erlam discusses EURUSD on the back of the FOMC minutes and ahead of the first US jobs report of 2024.

04-01-2024 11:30 GMT by Craig Erlam

Euro rebounds after FOMC meeting, Geman CPI rises

Fed uncertain as timing of rate cuts German CPI rises, but core rate falls The euro has edged higher on Thursday. In the European session, EUR/USD is trading at 1.0950, up 0.26%. Fed unclear on rate cut timing The December policy meeting was highly significant as the Fed made a major pivot.

04-01-2024 09:01 GMT by Kenneth Fisher

Australian dollar stabilizes on solid Chinese PMI

The Australian dollar has steadied on Thursday and is trading at 0.6732 in the European session, up 0.02%. This follows a four-day slide in which the Aussie fell 1.6%.

04-01-2024 06:04 GMT by Kenneth Fisher

Dow - Investors awaiting Fed minutes but jobs data more important

Stocks pare gains at the start of the year JOLTS data points to less heat in the labor market Dow turns lower after a period of divergence Stock markets are spending a second day in the red, continuing the softer start to the year as traders await minutes from the December FOMC meeting. Given the remarkable end to 2023, it's not particularly surprising that we're seeing a little profit-taking at this stage.

03-01-2024 13:20 GMT by Craig Erlam

Australian dollar's slide continues

The Australian dollar is down for a fourth straight day and has posted sharp losses on Wednesday. In the North American session, AUD/USD is trading at 0.6719, down 0.62%. The last week of the year was subdued as the data calendar was light.

03-01-2024 11:15 GMT by Kenneth Fisher

British pound starts New Year's with a tumble

The British pound is steady on Wednesday after sharp losses a day earlier. In the European session, GBP/USD is trading at 1.2632, up 0.11%. UK Services PMI expected to accelerate UK Services PMI will be released on Thursday.

03-01-2024 08:35 GMT by Kenneth Fisher

EUR/USD stabilizes after slide, FOMC minutes loom

Euro slips to two-week low US ISM Manufacturing PMI expected to rise slightly FOMC minutes to be released later on Wednesday Germany, Eurozone to release CPI on Thursday The euro has steadied on Wednesday after sustaining sharp losses a day earlier. In the European session, EUR/USD is trading at 1.0932, down 0.08% and its lowest level since December 21. The US dollar has been struggling in recent weeks but came flying out of the gates on Tuesday, the first trading day of the New Year.

03-01-2024 05:46 GMT by Kenneth Fisher

NZD/USD Technical: Pulled back towards potential bullish inflection zone

Medium-term uptrend phase from 26 October 2023 remains intact. 6240 is the potential bullish inflection level. Hourly RSI has flashed a bullish momentum breakout condition. The Kiwi (NZD/USD) has been oscillating within a medium-term uptrend phase in place since 26 October 2023 low of 0.5774. So far, it has rallied by +596 pips/+10.3% to print a recent intraday high of 0.6370 on 28 December 2023. There were two prior minor pullbacks seen within this ongoing medium-term uptrend; 3 November 2023

03-01-2024 00:31 GMT by Kelvin Wong

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British pound takes a tumble on soft Mfg. PMI

The British pound has started the New Year with sharp losses. In the North American session, GBP/USD is trading at 1.2626, down 0.82%. UK Manufacturing PMI eases lower The UK manufacturing sector remains in the doldrums.

02-01-2024 09:07 GMT by Kenneth Fisher

Euro extends losses after weak PMIs

Euro slips below 1.10 line German and eurozone manufacturing PMIs contract The euro is down sharply on Tuesday. In the European session, EUR/USD is trading at 1.0969, down 0.62%.

02-01-2024 07:07 GMT by Kenneth Fisher

USD/JPY Technical: Potential countertrend USD corrective rebound on the horizon

The medium-term downtrend phase of USD/JPY in place since the 15 November 2023 high has reached a potential inflection level at 140.25. A potential countertrend corrective rebound scenario may unfold next. Watch the first immediate resistance zone at 142.85/143.40. This is a follow-up analysis of our prior report, “USD/JPY Technical: JPY strength remains intact ahead of BoJ” published on 19 December 2023. Click here for a recap. The price actions of USD/JPY have plummeted lower as highlighted

02-01-2024 05:19 GMT by Kelvin Wong

Australian dollar edges higher after Chinese data

China Caixin Manufacturing posts slight growth The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6826, up 0.22%. The week between Christmas and New Year's was subdued in the currency markets.

02-01-2024 04:49 GMT by Kenneth Fisher

Goodbye 2023 and hello to a potentially volatile 2024

Auld Lang Syne to 2023 and welcome 2024! Here is a recap of the key highlights that shocked global markets in 2023 and the potential emerging themes to look out for in 2024 as well as my “Chart Of The Year”. 2023 key highlights & cross-assets performances in the past 2 years Fig 1: Cross assets performances as of 29 Dec 2023 (Source: TradingView, click to enlarge chart) The US Federal Reserve’s stance of keeping interest rates higher for a longer period in the first half of 2023 triggered a r

02-01-2024 02:47 GMT by Kelvin Wong

Japanese yen edges higher

The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 141.75, up 0.27%. The US dollar has taken a tumble in recent weeks against most of the major currencies, including the yen.

29-12-2023 06:34 GMT by Kenneth Fisher

New Zealand dollar under pressure, Chinese PMIs next

Chicago PMI expected to decelerate China releases PMIs on Saturday The New Zealand dollar is in negative territory on Friday. In the European session, NZD/USD is trading at 0.6308, down 0.37%. The US dollar has hit a rough patch lately and retreated against most of the majors.

29-12-2023 05:22 GMT by Kenneth Fisher

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