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 - The Fed could not have hoped for a better week of US jobs data

NFP 187,000 in August (169,000 expected, 157,000 previously) Average hourly earnings 0.2% (MoM), 4.3% (YoY) EURUSD slips after making earlier gains If you're a Federal Reserve official, you'll find it hard not to be very pleased with the way this week's gone from a labor market data perspective. The JOLTS release at the start of the week was extremely encouraging as it continued a clear trend that brought the number of vacancies back to levels not seen in two years and not far from the pre-pan

01-09-2023 11:05 GMT by Craig Erlam

Week Ahead - RBA rate decision, Fed speak and BoE monetary policy hearing

The month started with a bang with the US jobs report but the following week is looking a little more subdued, starting with the bank holiday on Monday. Economic data is largely made up of revisions and tier-three releases.

01-09-2023 08:02 GMT by Craig Erlam

EUR/USD steady after Mfg. PMIs, US NFP looms

The euro is flat on Friday, after sustaining sharp losses a day earlier. In the European session, EUR/USD is trading at 1.0844. Eurozone, German manufacturing struggling There wasn't much to cheer about after today's Manufacturing PMI reports for Germany and the eurozone.

01-09-2023 07:52 GMT by Kenneth Fisher

Canadian dollar eyes GDP, US jobs data

Canada's GDP expected to ease in Q2 US nonfarm employment payrolls expected to dip to 177,000 The Canadian dollar is calm in the European session, trading at 1.3500, down 0.07%. I expect to see stronger movement from USD/CAD in the North American session, as Canada releases second-quarter GDP and the US publishes the July employment report. Canada's GDP expected to slow in Q2 Canada usually releases employment reports on the same day as the US, but Canada's July jobs report won't be released

01-09-2023 05:46 GMT by Kenneth Fisher

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Video - EURUSD slips after US and eurozone inflation data

OANDA Senior Market Analyst Craig Erlam discusses the impact of the eurozone and US inflation data on EURUSD ahead of tomorrow's jobs report.

31-08-2023 12:35 GMT by Craig Erlam

Brent Crude - Oil edges cautiously higher after mixed Chinese PMIs

Strong run continues Chinese data doesn't hinder the rally Momentum may be key as price approaches August highs Oil prices are nudging higher again today, technically on course for a fifth day of gains in six in Brent - six in a row in WTI - although broadly speaking they're just a little above the middle of what appears to be a newly established range. Brent peaked near $88 a few weeks ago and bottomed around $82 last week as we await more direction on the economy and therefore demand. Data th

31-08-2023 12:29 GMT by Craig Erlam

USD/CHF rises as Swiss retail sales fall, Swiss CPI next

Swiss retail sales decline by 2.3% Swiss inflation expected to dip to 1.5% US unemployment claims drop to 228,000 US PCE Price Index rises by 3.3% The Swiss franc has lost ground on Thursday. In the North American session, USD/CHF is trading at 0.8835, up 0.59%. Thursday's Swiss retail sales for July looked awful, falling 2.3% m/m.

31-08-2023 10:16 GMT by Kenneth Fisher

EUR/GBP - Eurozone core inflation falls further, weighing on yields and the euro

Flash HICP in August 5.3% (5.1% expected, 5.3% in July) Flash core HICP in August 5.3% (5.3% expected, 5.5% in July) Key moving average provides resistance once again Eurozone economic indicators this morning have been something of a mixed bag, although traders seem enthused on the back of them rather than disappointed. We've seen regional data over the last couple of days which gave us some indication of how today's HICP report would look and a drop in the core reading in line with expectation

31-08-2023 08:34 GMT by Craig Erlam

Eurozone core inflation falls, drags euro lower

The euro is lower on Thursday, after a 3-day rally which pushed the currency 1% higher. In the European session, EUR/USD is trading at 1.0861, down 0.57%. Eurozone CPI steady, core CPI falls Eurozone inflation was a mixed bag in August.

31-08-2023 07:54 GMT by Kenneth Fisher

CHF/JPY Technical: Relentless uptrend movement

Bullish acceleration within long-term secular uptrend to print a fresh all-time high of 166.60 yesterday, 30 August. Current minor pull-back of 102 pips from 166.60 all-time high has almost reached a short-term oversold condition as indicated by the hourly RSI. Key short-term support rests at 165.10. The cross-pair CHF/JPY has continued its impulsive up-move sequence in the month of August where it rallied by +291 pips as of 31 August 2023 at this time of the writing, capping off a relentless b

31-08-2023 04:56 GMT by Kelvin Wong

NZD/USD yawns as Business Confidence improves

New Zealand business confidence rises ADP Employment Change falls to 177,000 The New Zealand dollar is almost flat on Thursday, trading at 0.5958 in Europe. New Zealand Business Confidence improves again New Zealand's ANZ Business Confidence index accelerated for a fourth straight month in August. The index improved to -3.7, up from -13.1 in July.

31-08-2023 03:59 GMT by Kenneth Fisher

Podcast - US JOLTS, ADP employment and GDP reaction

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the latest data from the US including JOLTS job openings, ADP employment and GDP, and its impact on the markets.

30-08-2023 13:48 GMT by Craig Erlam

EUR/USD - No game-changer but US data highlights weaknesses in the economy

ADP posts 177,000 new jobs but traders not convinced US Q2 GDP revised lower to 2.1% (2.4% previously) USD pares six week gains after weaker figures this week The recovery in equity markets appears to have stalled on Wednesday as traders likely eye the big economic releases later in the week. The ADP and revised GDP numbers may attract some attention but they were never likely to have too great an impact. The ADP report has long been ignored as a reliable precursor to the NFP report on Friday a

30-08-2023 13:39 GMT by Craig Erlam

NZ dollar pares gains, business confidence next

US GDP expanded by 2.1% ADP Employment slides to 177,000 New Zealand business confidence expected to improve The New Zealand dollar posted slight gains on Wednesday but then retreated, after sizzling on Tuesday with gains of 1%. In the North American session, NZD/USD is flat at 0.5970.

30-08-2023 13:07 GMT by Kenneth Fisher

AUD/USD soars after weak US data, US GDP next

Australian inflation falls to 4.9% US GDP expected to rise to 2.4% The Australian dollar has edged lower on Wednesday after sharp gains a day earlier. In the European session, AUD/USD is trading at 0.6473, down 0.10% on the day. Australia's inflation slips to 4.9% There was good news on the inflation front as July CPI fell to 4.9% y/y, down from 5.4% in June and below the consensus estimate of 5.2%.

30-08-2023 07:52 GMT by Kenneth Fisher

EUR/USD eyes German, Eurozone CPI reports

Germany to release CPI on Wednesday, Eurozone on Thursday US consumer confidence and jobs data disappoint The euro's mini-rally has run out of steam. EUR/USD climbed 0.80% over the past two days but is trading in negative territory on Wednesday.

30-08-2023 05:47 GMT by Kenneth Fisher

GBP/USD - JOLTS data pulls US yields lower but Fed will hope for more this week

JOLTS job openings slip to 8.827m (9.465m expected, 9.165m previously) Consumer confidence also falls but the survey is volatile Is last week's breakout stalling?

29-08-2023 12:38 GMT by Craig Erlam

Euro dips below 1.08 but bounces back after soft US data

Euro slips below 1.08 but recovers German GfK consumer climate falls US consumer confidence and job openings decelerate The euro fell below the 1.08 line on Tuesday after a weak German consumer confidence report but has recovered in the North American session after soft US data. EUR/USD is currently trading at 1.0840, up 0.20%. Germany is the eurozone's largest economy and is considered the powerhouse of the bloc.

29-08-2023 10:55 GMT by Kenneth Fisher

Japanese yen breaks above 147

The Japanese yen continues to lose ground on Tuesday. In the North American session, USD/JPY is trading at 147.26, up 0.50%.

29-08-2023 09:15 GMT by Kenneth Fisher

Australian dollar edges up ahead of inflation report

US releases consumer confidence and job openings later on Tuesday Australia releases CPI on Wednesday The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6437, up 0.12% on the day. China's woes raising concerns in Australia China's economic slowdown is bad news for the Australian economy, which counts China as its biggest export market.

29-08-2023 07:09 GMT by Kenneth Fisher

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