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.

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

GBP/USD rises after Bailey's hawkish remarks

BoE's Bailey says markets underestimating inflation Federal Reserve to release minutes later today The British pound continues to rally on Tuesday after recording back-to-back winning days. In the North American session, GBP/USD is trading at 1.2544, up 0.33%.

21-11-2023 09:14 GMT by Kenneth Fisher

Canadian dollar quiet ahead of Canadian CPI

Canada inflation expected to drop to 3.2% US releases FOMC minutes The Canadian dollar continues to have a quiet week. In the European session, USD/CAD is trading at 1.3709, down 0.12%.

21-11-2023 07:15 GMT by Kenneth Fisher

Aussie extends gains on hawkish RBA minutes

RBA says rate hike was needed to avoid larger increases Fed releases meeting minutes later today The Australian dollar continues to rally. In the European session, AUD/USD is trading at 0.6567, up 0.15%.

21-11-2023 04:50 GMT by Kenneth Fisher

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Podcast - Dollar weakness may persist, RBA minutes and OPEC+ meeting looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss the persistent US dollar bearish trend in the near to medium-term especially on the USD/JPY. Implication on the minutes of RBA's restrictive monetary policy where it restarted interest rate hike restarted in Australia.

20-11-2023 20:26 GMT by Kelvin Wong

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Hedging the Markets - Another big week for GBP/USD (video)

OANDA Senior Market Analyst Craig Erlam previews the week in GBP/USD with FOMC minutes, the UK Autumn Statement, and the BoE Monetary Policy Report Hearing all to come. He also gives his analysis of the charts.

20-11-2023 12:04 GMT by Craig Erlam

British pound edges higher ahead of BoE's Bailey testimony

BoE's Bailey to testify before parliamentary committee The British pound is slightly higher at the start of the week. In the North American session, GBP/USD is trading at 1.2495, up 0.27%.

20-11-2023 11:25 GMT by Kenneth Fisher

AUD/USD extends gains, RBA minutes next

Australian dollar rises to 13-week high The Australian dollar is in positive territory on Monday. In the European session, AUD/USD is trading at 0.6553, up 0.59%.

20-11-2023 06:22 GMT by Kenneth Fisher

Japanese yen improves to six-week high

Japanese yen posts sharp gains on Monday The Japanese yen is up for a third straight day on Monday and has climbed 2% against the US dollar in the current rally. In the European session, USD/JPY is trading at 148.40, down 0.84%. Yen rebounds as US/Japan rate differential narrows After falling to a one-year low last week, the yen has rebounded and is trading at a six-week high.

20-11-2023 04:39 GMT by Kenneth Fisher

USD/JPY: A potential medium-term bearish reversal in progress

Heightened dovish expectations on US monetary policy have led to US Treasuries-JGBs yield premium shrinkage. Bearish momentum factor has taken a foothold as well with USD/JPY’s price action below its 20 and 50-day moving averages. Watch the 150.30/70 key medium-term resistance zone. The relentless medium-term impulsive upside movements of the USD/JPY in place since the 16 January 2022 low of 127.22 are likely to have succumbed to the “law of gravity” triggered by momentum and fundamental factor

20-11-2023 01:16 GMT by Kelvin Wong

Euro drifting as eurozone inflation falls to 2.9%

Eurozone inflation confirmed at 2.9% The euro is trading quietly on Friday. In the European session, EUR/USD is trading at 1.0870, up 0.17%.

17-11-2023 06:27 GMT by Kenneth Fisher

Australian dollar takes a breather after wild week

Markets see 60% chance of RBA rate hike in H1 of 2024 US Treasury yields fall to 4.35% The Australian dollar has bounced back on Friday after losses a day earlier. In the European session, AUD/USD is trading at 0.6487, up 0.24%. It has been a wild week for the Australian dollar, which soared 2% on Tuesday, courtesy of a softer-than-expected US inflation print.

17-11-2023 05:08 GMT by Kenneth Fisher

GBP/USD edges lower on soft UK retail sales

UK retail sales decline unexpectedly GBP/USD edges lower The British pound is trading lower on Friday. In the European session, GBP/USD is trading at 1.2381, down 0.27%. The pound has shown sharp swings this week, notably a 1.78% jump on Tuesday after US inflation was weaker than expected, sending the US dollar sharply lower against the majors.

17-11-2023 04:10 GMT by Kenneth Fisher

Japanese yen rebounds on soft US jobs claims

US unemployment claims rise to three-month high Japanese yen strengthens The Japanese yen is in positive territory on Thursday. In the North American session, USD/JPY is trading at 151.60, down 0.47%. US unemployment claims jump US initial unemployment claims rose to 231,000 on the week ending November 11th, up from 218,000 a week earlier.

16-11-2023 12:32 GMT by Kenneth Fisher

EUR/GBP - BoE policymaker pushes back against market interest rate expectations

UK inflation falling fast but still high BoE Greene does not agree with market expectations EURGBP stalls again near highs Inflation figures from the US and UK have been very promising, so much so that markets see almost no chance of another rate hike in this cycle from either the Fed or BoE and a high likelihood of a rate cut by the end of the second quarter of next year. That's despite one BoE policymaker, Megan Greene, pushing back against that, although it is worth noting she does sit

16-11-2023 11:53 GMT by Craig Erlam

GBP/USD edges lower, eyes retail sales

UK retail sales expected to rebound in October US PPI and retail sales decline The British pound has extended its losses on Thursday. In the European session, GBP/USD is trading at 1.2401, down 0.11%. The pound is having a roller-coaster week.

16-11-2023 08:36 GMT by Kenneth Fisher

Australian dollar yawns after strong employment gains

Australia's employment jumps The Australian dollar is lower on Thursday. In the European session, AUD/USD is trading at 0.6492, down 0.27%. Australian employment jumps Australian employment was hotter than expected in October, as the economy created 55,000 jobs.

16-11-2023 06:16 GMT by Kenneth Fisher

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Market Insights Podcast - UK and US inflation fall more than expected

OANDA Senior Market Analyst joins Jonny Hart and Trader Nick to discuss the US and UK inflation reports, US retail sales figures and how the markets have responded.

15-11-2023 13:34 GMT by Craig Erlam

EUR/GBP - No more rate hikes likely from the BoE as inflation hits two-year low

UK inflation fell to 4.6% in October (6.7% in September) Markets expect the next move to be a rate cut next summer EURGBP struggling to break technical resistance, despite data UK inflation fell sharply in October and faster than the Bank of England anticipated, further reducing the prospect of any more rate hikes in this tightening cycle. It was already likely that the BoE was done raising rates but as that was based on the view that inflation would fall to 4.8% last month, that could hav

15-11-2023 11:31 GMT by Craig Erlam

Japanese yen slips as US retail sales beats expectations

Japanese GDP contracts by 2.1% US retail sales decline by 0.1% but beats forecast The Japanese yen has lost ground on Wednesday. In the North American session, USD/JPY is trading at 151.09, up 0.48%. In the US, retail sales declined in October but still managed to beat expectations.

15-11-2023 10:38 GMT by Kenneth Fisher

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