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.

Japanese yen under pressure after dismal week

Fed's Powell says interest rate hikes still on table The Japanese yen is drifting on Friday. In the European session, USD/JPY is trading at 151.44, up 0.06%. It has been a rough week for the Japanese yen, which is down 1.42%, its worst weekly showing since August. Powell talks hawkish The markets believe that interest rates have peaked and are looking ahead to rate cuts in 2024, but Fed Chair Powell continues to sound hawkish.

10-11-2023 07:44 GMT by Kenneth Fisher

Aussie extends losses, RBA talks hawkish

RBA warns of upside risk to inflation Fed's Powell says rate hikes still on the table The Australian dollar has edged lower on Friday. In the European session, AUD/USD is trading at 0.6352, down 0.22%. RBA raises inflation, employment forecasts The Reserve Bank of Australia issued its quarterly monetary policy statement on Friday.

10-11-2023 06:50 GMT by Kenneth Fisher

GBP/USD stems slide as GDP beats estimate

UK GDP flat in third quarter The British pound is steady on Friday. In the European session, GBP/USD is trading at 1.2219, down 0.02%.

10-11-2023 05:07 GMT by Kenneth Fisher

AUD/USD torpedoed towards key short-term support for a potential bullish reversal

The recent slide of -170 pips seen in the AUD/USD from Monday, 6 November high of 0.6520 has reached a key inflection zone. The latest higher level of inflation forecasts in Australia by the RBA may put a pause on the current minor corrective decline seen in the AUD/USD. Short-term technical elements have turned positive for a potential bullish reversal scenario for the AUD/USD. Watch the 0.6330 key short-term support and 0.6400 potential upside trigger level for the AUD/USD. This is a follow-u

10-11-2023 00:02 GMT by Kelvin Wong

GBP/USD calm ahead of UK GDP

UK GDP expected to decline The British pound is showing little movement on Thursday. In the North American session, GBP/USD is trading at 1.2276, down 0.07%. Markets brace for contraction in GDP The UK economy has been struggling and Friday's GDP is expected to indicate negative growth, with a market consensus of -0.1% q/q for the third quarter.

09-11-2023 11:50 GMT by Kenneth Fisher

EUR/USD - A bullish formation near a channel peak?

EURUSD is continuing to trade in a rising channel formation, reminiscent of a bearish flag given the trend that preceded it but recent signs may suggest it's not that straightforward. The first thing worth noting is that the bearish flag formation isn't ideal in that the sell-off that makes up the pole element isn't particularly sharp and the time it's traded in the flag is a little long. That said, it can still be argued to be a bearish setup. But what we've seen over the last week is arguabl

09-11-2023 11:10 GMT by Craig Erlam

NZD/USD edges higher ahead of manufacturing PMI

China inflation misses estimate NZ manufacturing PMI expected to decline The New Zealand dollar is in positive territory on Thursday. In the European session, NZD/USD is trading at 0.5926, up 0.26%. NZ Manufacturing PMI expected to decelerate slightly New Zealand's manufacturing sector has been in decline for seven consecutive months and little change is expected from the October PMI, which will be released on Friday.

09-11-2023 08:22 GMT by Kenneth Fisher

Aussie halts slide, RBA Statement next

China's inflation misses estimate RBA to release monetary policy statement on Friday The Australian dollar is unchanged on Thursday and is trading at 0.6401. This follows a three-day slide, in which AUD/USD has fallen 1.7%. RBA Monetary Policy Statement eyed The Reserve Bank of Australia will release its quarterly monetary policy statement on Friday.

09-11-2023 06:29 GMT by Kenneth Fisher

GBP/USD edges lower, BoE's Bailey says no to rate cuts

BoE's Bailey says no plan to cut rates The British pound has edged lower on Wednesday. In the North American session, GBP/USD is trading at 1.2287, down 0.10%.

08-11-2023 11:12 GMT by Kenneth Fisher

Euro extends losses after soft eurozone retail sales

Eurozone retail sales decline by 2.9% The euro is down on Wednesday, after a two-day losing streak. In the European session, EUR/USD is trading at 1.0675, down 0.23%. Eurozone retail sales slide The eurozone economy has been sputtering, so it's no wonder that consumers are in a sour mood and holding tight on the purse strings.

08-11-2023 06:59 GMT by Kenneth Fisher

New Zealand dollar shrugs as inflation expectations dip

Inflation expectations ease to a two-year low The New Zealand dollar is slightly lower on Wednesday. In the European session, NZD/USD is trading at 0.5924, down 0.19%. NZ inflation expectations dip New Zealand's inflation rate has been dropping, albeit slowly.

08-11-2023 05:49 GMT by Kenneth Fisher

AUD/USD - Remains rangebound despite RBA interest rate hike

RBA hikes and signals it's now data-dependent Inflation remains a challenge despite already high rates AUDUSD fails to breakout but momentum remains The RBA today ended a series of four rate pauses and hiked by another 25 basis points. The fact that it's needed to hike again after such a long time highlights how difficult central banks are finding it to get inflation under control and how much more difficult this last stage may prove than hoped.

07-11-2023 15:48 GMT by Craig Erlam

Euro edges lower as German Industrial Production declines

German Industrial Production declines Fed's Powell will make public remarks on Wednesday The euro is in negative territory for a second straight day. In Tuesday's North American session, EUR/USD is trading at 1.0684, down 0.31%. German Industrial Production declines 1.4% Germany's industrial production slipped 1.4% m/m in September, following a downwardly revised -0.1% reading in August and well shy of the market consensus of -0.1%.

07-11-2023 12:14 GMT by Kenneth Fisher

NZD/USD slides on RBA decision, mixed Chinese data

New Zealand dollar sharply lower RBA raises rates but Australian dollar slides Chinese exports decline The New Zealand dollar is down sharply on Tuesday. In the North American session, NZD/USD is trading at 0.5927, down 0.61%.

07-11-2023 11:08 GMT by Kenneth Fisher

Australian dollar plunges after RBA hike

RBA raises rates but eases tightening bias Australian dollar slides over 1% The Australian dollar has recorded massive losses on Monday. In the European session, AUD/USD is trading at 0.6422, down 1.05%.

07-11-2023 07:24 GMT by Kenneth Fisher

AUD/USD Technical: RBA hike has already been priced in, minor corrective decline in progress

AUD/USD Technical: RBA hike has already been priced in, minor corrective decline in progress RBA hiked the official cash rate by 25 bps to 4.35% as expected. Revised up slightly projected year-end 2024 Australia CPI inflation to be around 3.5% from 3.25% previously forecasted in August. AUD/USD has declined by -64 pips intraday from yesterday, 6 November high of 0.6523. Short-term momentum has turned bearish as depicted by the hourly RSI.

06-11-2023 23:24 GMT by Kelvin Wong

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Podcast - Potential rate hike by RBA, China's deflationary risk and Powell's Fed speak on the radar

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights and events for this week; a hawkish RBA resurgence and its implications on the AUD/USD, China's deflationary spiral risk, and all ears on Fed speak from Powell on the clarity on the pace and start of interest rate cuts in US. https://open.spotify.com/episode/25yapp1dEbC1H5MVUWYhyM

06-11-2023 19:19 GMT by Kelvin Wong

British pound steadies, Construction PMI declines

UK Construction PMI continues to decline British pound soars on soft US nonfarm payrolls The British pound is steady at the start of the week. In the North American session, GBP/USD is trading at 1.2396, up 0.14%. UK Construction PMI declines UK Construction PMI declined for a second straight month in October, with a reading of 45.6.

06-11-2023 11:48 GMT by Kenneth Fisher

Aussie soars to 3-month high, RBA expected to hike

AUD/USD climbs after soft US nonfarm payrolls RBA rate decision a 50/50 toss-up The Australian dollar has edged lower on Monday, after huge gains on Friday. In the North American session, AUD/USD is trading at 0.6499, down 0.21%. On Friday, the Aussie posted spectacular gains, rising 1.22% and hitting its highest level since August 10th.

06-11-2023 10:45 GMT by Kenneth Fisher

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Hedging the Markets - EUR/USD rallies after US jobs report (video)

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in EURUSD in light of the Fed meeting and US jobs report.

06-11-2023 07:01 GMT by Craig Erlam

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