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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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Dollar declines extend post Powell, November is no longer live but future rate hikes still on table
Wall Street went on a mini rollercoaster ride during Fed Chair Powell's speech.  Powell's comments were mostly in-line with other officials and support the belief that policy might not be "too tight" and future rate hikes may be needed.  Powell's comments support their higher for longer mantra, but fell short of signaling a rate hike was likely in December.  Until inflation is much lower, the Fed will try to jawbone the market into thinking more hikes are possible. Fed Chair Powell Key Quotes f
19-10-2023 13:27 GMT by Edward Moya
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Dollar softens ahead of Fed Chair Powell's speech
Stocks earning driven rally supports risk assets USD softer against majority of trading partners Jobless Claims drop to lowest levels since January It’s dawning on Wall Street that despite a giant ‘wall of worry’, the Fed is probably going to have to resume raising rates.  Fed fund futures are now leaning towards one more rate hike by the January FOMC decision. After another low jobless claims report, it is clear that the US economy remains resilient and is unlikely in a position to bring infla
19-10-2023 11:40 GMT by Edward Moya
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Euro rises, US jobless claims drop
US unemployment claims drop below 200K ECB's Lagarde expresses concern over oil inflation The euro has bounced back on Thursday, erasing the losses from a day earlier. In the North American session, EUR/USD is trading at 1.0573, up 0.36%. The Middle East is back in the headlines as Israel and Hamas are engaged in fierce fighting.
19-10-2023 10:16 GMT by Kenneth Fisher
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GBP/USD flat as retail sales eyed
US unemployment claims fall below 200K UK retail sales expected to improve to -0.1% The British pound is drifting on Thursday. In the North American session, GBP/USD is trading at 1.2142, almost unchanged. The UK inflation report on Wednesday was a stark reminder that inflation remains stubborn and sticky.
19-10-2023 09:30 GMT by Kenneth Fisher
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Aussie slips on soft employment data
Australian employment falls sharply PBOC expected to maintain loan prime rates The Australian dollar has extended its losses on Thursday. In the North American session, AUD/USD is trading at 0.6312, down 0.37%. Australia's labour market had a disappointing September, with only 6,700 jobs created.
19-10-2023 07:45 GMT by Kenneth Fisher
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GBP/JPY Technical – Impending bearish reversal
The GBP is the second weakest currency among the major US dollar pairs in the past five days. A potential bearish reversal set-up has emerged for GBP/JPY while the JPY bears seem to be cautious about Japan’s MoF intervention at around the 150.30 risk level on USD/JPY. Watch the key short-term resistance at 182.95 on the GBP/JPY. The UK pound sterling (GBP) is the second weakest currency among the major US dollar pairs based on a five-day rolling performance calculation at this time of the writi
19-10-2023 01:28 GMT by Kelvin Wong
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USD/JPY: Dollar holds gains post 20-year auction and Beige Book
Two-year Treasury rises 0.7bps to 5.216%, 10-year higher by 7.2bps to 4.906%,  and the 30-year gains 7.0bps to 4.995% Beige book sees US outlook as stable or slightly weaker Treasury market unraveled by growth in supply; today's auction saw surprisingly better demand The dollar is holding onto most of its gains as the surge in Treasury yields stalls after a historic bond market slide.  A 20-year bond auction saw strong demand, bucking the tepid demand we saw last week.  This auction was awarded
18-10-2023 15:15 GMT by Edward Moya
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GBP/USD: King dollar trade remains as hot UK inflation is unable to give GBP a boost
Headline UK CPI inflation held steady at 6.7% vs 6.6% eyed; BOE rate hike odds rise to 60% for a quarter-point increase by the Feb 1st meeting Fed's Williams said interest rates will have to stay at restrictive levels “for some time” to bring inflation back down to the central bank’s 2% target. Fed's Waller can wait and gather more data before deciding if more rate hikes are needed The dollar is rising and US stocks are declining on soft earnings, rising rates, and as the risks grow for a poten
18-10-2023 13:02 GMT by Edward Moya
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Euro slips as Eurozone inflation falls to 4.3%
Eurozone CPI confirmed at 4.3% Markets eye Fedspeak, with four FOMC members speaking today The euro is considerably lower on Wednesday. In the European session, EUR/USD is trading at 1.0525, down 0.48%. Eurozone inflation falls to 4.3% The inflation rate in the eurozone for September was confirmed at 4.3% y/y on Wednesday, down from 5.2% in August and the lowest since October 2021.
18-10-2023 12:27 GMT by Kenneth Fisher
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AUD/USD edges lower, China data beats expectations
China's GDP beats expectations at 4.9% Australian job growth expected to fall The Australian dollar started the day higher but has reversed directions. In the North American session, AUD/USD is trading at 0.6357, down 0.13%. The US dollar has steamrolled the Aussie, which hasn't posted a winning week since September and dropped close to a one-year low last week.
18-10-2023 10:14 GMT by Kenneth Fisher
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British pounds shrugs as CPI remains steady
UK CPI unchanged, core CPI ticks lower US retail sales hotter than expected The British pound is showing limited movement on Wednesday. In the European session, GBP/USD is trading at 1.2194, down 0.09%. UK CPI unchanged, core CPI ticks lower Today's UK inflation report showed little change from a month ago, a reminder that the battle to curb inflation will be a long one.
18-10-2023 07:39 GMT by Kenneth Fisher
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EUR/AUD potential short-term downside pressure after upbeat China data
China’s Q3 GDP, Retail Sales, and Industrial Production for September beat expectations. China’s Country Garden is still at risk of an imminent default as its grace period of overdue bond coupon payments of US$15.4 million expires today. The FX market is ignoring the default risk of Country Garden as the offshore yuan (CHN) has continued to trade sideways against the US dollar since 28 September. The resilience of CNH against the US dollar has triggered a dissipating US dollar strength movement
18-10-2023 02:13 GMT by Kelvin Wong
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USD/CHF: Two-year yield surges as the risks grow to the US outlook
Republican Jim Jordan does not have enough votes to be elected House speaker in the first round of floor voting. Risk aversion was the early trade as hot data fueled Fed rate hike bets Investors await key Chinese data that could alleviate global growth concerns USD/CHF been a tough trade over the last week as geopolitical concerns initially sent safe haven flows towards the franc, but resilient economic data prevented risk aversion from running wild.  The movement with Treasury yields are drivi
17-10-2023 14:38 GMT by Edward Moya
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EUR/USD: Dollar volatile as Treasury yields surge; parity calls grow
JPMorgan expects EUR/USD to test parity, down from prior 1.05 target Citibank is eyeing a move to parity within six months ING head of research sees euro-dollar parity as possible Rabobank, Nomura, and RBC are eyeing a euro decline to 1.02 by end of year Both the US dollar and stocks are lower as good news about the economy is once again bad news, since it will keep policymakers on the fence on delivering more tightening. Treasury yields are rising after a couple of strong economic releases abo
17-10-2023 12:19 GMT by Edward Moya
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GBP/USD slips on strong US retail sales
GBP/USD down over half a percent US retail sales higher than expected UK inflation projected to decline on Wednesday The British pound has declined 0.56% against the US dollar on Wednesday, wiping out yesterday's gains. In the North American session, GBP/USD is trading at 1.2158, down 0.48%.
17-10-2023 10:18 GMT by Kenneth Fisher
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Australian dollar calm after RBA minutes
RBA releases minutes Investors eye Israel-Hamas war The Australian dollar has extended its gains on Tuesday. AUD/USD is trading at 0.6353 in Europe, up 0.18%. It has been a rough patch for the Australian dollar lately.
17-10-2023 06:06 GMT by Kenneth Fisher
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Podcast - Gold may continue its upside momentum with China's Q3 GDP and UK inflation on the radar next
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights for the week ahead, potential firmer gold and oil prices due to lingering geopolitical risk premium, key China economic data (Q3 GDP, Retail Sales & Industrial Production) as well as UK's inflation data for September where the consensus is expecting another month of slowdown to 6% y/y for core inflation from 6.2% y/y in August. https://open.spotify.com/episode/25ibbNurKomUjUhujYrn2K
17-10-2023 03:29 GMT by Kelvin Wong
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EUR/NZD Technical – Start of a new potential bullish impulsive up move
The Kiwi dollar (NZD) has been the worst performer among the US dollar major pairs in the past five days. A further slowdown in New Zealand’s Q3 CPI (5.6% y/y versus 6% y/y in Q2) reinforces RBNZ's current stance of maintaining its key policy official cash rate unchanged at 5.5%. A less hawkish RBNZ may put further downside pressure on the NZD that supports an ongoing major uptrend phase in the EUR/NZD cross pair. Watch the 1.7820 key short-term pivotal support on the EUR/NZD. The Kiwi dollar (
17-10-2023 02:00 GMT by Kelvin Wong
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