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.

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

British pound dips as UK inflation slides

UK inflation falls to 4.6% US inflation eases to 3.2% The British pound is lower on Wednesday. In the European session, GBP/USD is trading at 1.2459, down 0.31%. UK inflation drops more than expected UK inflation was expected to fall sharply in October and inflation duly fell to 4.6% y/y, compared to 6.7% in September and below the market consensus of 4.8%.

15-11-2023 08:01 GMT by Kenneth Fisher

AUD/USD soars on US inflation, Aussie employment next

Australian wage growth hits record high US inflation slips to 3.2% Australian job growth expected to rise The Australian dollar is unchanged on Wednesday, after massive gains a day earlier. In the European session, AUD/USD is trading at 0.6505. Australian wages soar Australian wage growth climbed 1.3% q/q in the third quarter, matching the consensus estimate and above an upwardly revised 0.9% gain in Q2.

15-11-2023 05:08 GMT by Kenneth Fisher

USD/JPY slips on soft US inflation

US dollar slips after inflation softer than expected Japanese GDP expected to decline The Japanese yen has rebounded on Tuesday with strong gains. In the North American session, USD/JPY is trading at 150.70, down 0.67%. The yen has snapped a nasty six-day losing streak which saw the currency lose 1.5%.

14-11-2023 12:55 GMT by Kenneth Fisher

EUR/USD - Rallies after a very encouraging US inflation report

US headline and core CPI miss expectations Market odds of another Fed rate hike fall to near zero EURUSD breaks through channel high after report We've seen quite a response to the US inflation report on Tuesday, with investors clearly buoyed by the miss on both the headline and core numbers. While in both cases we're talking about modest misses, it does feel nonetheless significant. The annual core rate fell to 4% which is still far too high but the monthly reading fell back to 0.2%, preventin

14-11-2023 12:07 GMT by Craig Erlam

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Hedging the Markets - GBP/USD rallies as US inflation eases further (video)

OANDA Senior Market Analyst Craig Erlam discusses the moves in GBPUSD following the US inflation and UK jobs reports.

14-11-2023 11:54 GMT by Craig Erlam

Pound shrugs as wage growth cools, US inflation next

UK wage growth eases US inflation expected to fall to 3.3% The British pound has edged higher on Tuesday. In the European session, GBP/USD is trading at 122.91, up 0.10%. UK job growth improves, wage growth ease The UK labour market remains strong, despite high inflation and elevated interest rates.

14-11-2023 07:46 GMT by Kenneth Fisher

Aussie steady as confidence data softens

Consumer confidence slides Business confidence eases while business conditions improve The Australian dollar has edged lower on Tuesday. In the European session, AUD/USD is almost unchanged, trading at 0.6376. Australian consumer, business confidence eases Australian consumers have been hit hard by high inflation and steep interest rates, so it's no surprise that consumers are deeply pessimistic about the economy.

14-11-2023 05:10 GMT by Kenneth Fisher

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Market Insights Podcast - US and UK inflation eyed

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart to preview the CPI releases from the US and UK and discuss the OPEC monthly oil market report.

13-11-2023 16:36 GMT by Craig Erlam

GBP/USD - Choppy as traders eye US and UK inflation reports

US inflation expected to fall to 3.3% for October UK inflation expected to fall to 4.7% for October Bullish breakout ahead of key economic releases It's been a relatively uneventful start to the week but the next couple of days could be hugely important as the US and UK release inflation figures for October. The two countries' central banks have, alongside others, been grappling with very high inflation for the last couple of years, and efforts to bring it down are finally bearing fruit. Infl

13-11-2023 12:08 GMT by Craig Erlam

Japanese yen knocking on 152 doorstep

Yen close to 33-year low US releases inflation report on Tuesday The Japanese yen is showing limited movement on Monday. In the North American session, USD/JPY is trading at 151.56, up 0.02%.

13-11-2023 11:46 GMT by Kenneth Fisher

GBP/USD calm ahead of UK job report

UK employment data expected to soften UK will release inflation report on Wednesday The British pound has edged higher on Monday. In the European session, GBP/USD is trading at 122.48, up 0.18%.

13-11-2023 08:46 GMT by Kenneth Fisher

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