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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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Week Ahead - A busy week ahead! FOMC minutes, US retail sales, UK Jobs/CPI, RBNZ Decides and Japan GDP/CPI
US With Wall Street very confident that the Fed won’t be raising rates in September, the focus shifts to how strong is the economy and whether it is too robust and if that could sparking fear that inflation might reaccelerate. The economic data starts on Tuesday with a July retail sales report that should show spending picked up from a month ago, which was boosted by Amazon’s Prime Day.  Also on Tuesday is the Empire manufacturing report which should show August activity remains weak and t
11-08-2023 15:12 GMT by Edward Moya
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GBP/USD - UK economy beats expectations in Q2, US PPI stronger but not a concern
UK economy grew 0.5% in June, 0.2% in Q2 (QoQ) US headline and core PPIs rose 0.3% last month, more than expected GBPUSD steady near major support zone The UK economy showed further resilience toward the end of the second quarter, buoyed by better weather. The cost-of-living crisis has clearly been an immense drag on the economy and due to its nature, will have hit some households much harder than others. But overall, consumer activity has been very resilient which has ultimately stopped the ec
11-08-2023 10:52 GMT by Craig Erlam
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Dollar pares losses after hotter-than-expected PPI
US PPI posts first gain in three months (last month revised to a flat reading) Dollar eyes a fourth week of strength 10-year Treasury rises 2.9bps to 4.135%; November rate hike odds rise to 26.3% The dollar pared losses after supplier inflation in July came in mostly hotter-than-expected.  Hold your horses on calls that the Fed is done raising rates.  This was a notable increase for producer prices and that could very well keep the risk of a November Fed rate hike on the table. The producer-pr
11-08-2023 09:58 GMT by Edward Moya
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British pound edges higher after GDP surprise
UK GDP rises 0.2% US inflation accelerates by 3.2% The British pound is slightly higher earlier on Friday. In the European session, GBP/USD is trading at 1.2706, up 0.24%. UK GDP surprises to the upside The week wrapped up on a high note in the UK, as the economy grew by 0.2% q/q in the second quarter.
11-08-2023 05:08 GMT by Kenneth Fisher
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While the yen weakens again towards 145 against the dollar, EUR/JPY rises to highest levels since 2008
Japan last intervened in October when dollar-yen prices were at 150 Fed rate hike odds fall to 10% for the September 20th meeting Japan's material inflation data continues fell to 3.6% from a year earlier, lowest reading since March 2021 The dollar weakened against most of its major trading partners after soft inflation data supported the Fed's case to keep rates on hold in September.  Yen traders watched global stocks surge, which put a dent in demand for safe-havens.  Dollar-yen is now rallyi
10-08-2023 12:15 GMT by Edward Moya
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GBP/USD dips lower as US inflation rises
US inflation accelerates by 3.2% UK GDP expected to rise 0.1% in Q2 The British pound showed some strength earlier but reversed directions and lost ground after the US inflation report. In the North American session, GBP/USD is trading at 1.2725, up 0.05%. US headline CPI rises, core rate ticks lower The US inflation report was somewhat of a mix, but most important was that both headline and core inflation were within expectations.
10-08-2023 11:55 GMT by Kenneth Fisher
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Dollar drops as inflation continues to cool; Fed September skip confirmed   
Dollar falls as Fed rate hike odds soften to 10% for September and 20.2% in November US Annual CPI rose from 3.0% in June to 3.2% in July, snapping a streak of 12 consecutive declines Core CPI (ex-food/energy) fell to 4.7% year-over-year, lowest reading since October 2021 No surprises from the July CPI report After a roughly in-line inflation report, Wall Street remained optimistic that the Fed won’t need to raise rates in September.  Headline inflation rose but that was mainly due to the large
10-08-2023 09:29 GMT by Edward Moya
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AUD/USD rebounds as inflation expections dip
Australia's inflation expectations ease US inflation is expected to rise to 3.3% The Australian dollar is in positive territory on Thursday. In the European session, AUD/USD is trading at 0.6552, up 0.37%. Australian inflation expectations ease  Australia's consumer inflation expectations dipped in August to 4.9%, down from 5.3% in July.
10-08-2023 05:13 GMT by Kenneth Fisher
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USD/JPY higher on strong demand for 10-year notes; Commodities diverge
Thursday's inflation report to seal the deal for a Fed hold in September Treasury sells 10-year notes with strong demand as yields drop China deflation raises prospects of more stimulus USD/JPY rose after a strong auction signaled that Wall Street is very confident that inflation will continue to fall. It looks like investors will gladly be eating all the extra issuance that comes from the Treasury.
09-08-2023 15:44 GMT by Edward Moya
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EUR/USD: Euro steadies after Italy curtails windfall tax and ahead of US CPI
Italy cushions windfall tax blow China deflation to spark stimulus efforts US five-year inflation breakeven nears peak set in April 2022 Yesterday, the euro took a big hit after Italian Premier Meloni’s cabinet approved a 40% levy on lenders’ extra profits.  Today was all about damage control as the Italian government had to tweak and ease up this crushing windfall tax on banks. The initial tax plan crushed the European banking sector, but that might see some relief now that the finance ministr
09-08-2023 10:18 GMT by Edward Moya
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British pound flat on light data calendar
US inflation expected to rise to 3.3% UK GDP projected to fall to 0% Fed member Harker says rates may have peaked The British pound has had a relatively quiet week. In the North American session, GBP/USD is trading at 1.2731, down 0.13%. Markets eye US inflation, British GDP It has been a quiet week on the data calendar, with no tier-1 events out of the UK or the US.
09-08-2023 10:07 GMT by Kenneth Fisher
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New Zealand dollar shrugs as inflation expectations rise
New Zealand inflation expectations rise to 2.83% China's inflation decreases for the first time since February 2021 The New Zealand dollar is showing limited movement on Wednesday, trading at 0.6060 in the European session. New Zealand inflation expectations nudge higher to 2.83% Like most major central banks, the Reserve Bank of New Zealand has been waging a long and tough battle against inflation by raising interest rates. CPI fell to 6.0% in the second quarter, down from 6.7%.
09-08-2023 08:16 GMT by Kenneth Fisher
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Australian dollar edges higher after mixed confidence data
Australian consumer confidence declines, business confidence steady Fed member Harker says Fed may be done raising rates The Australian dollar has bounced back on Wednesday and is trading at 0.6552, up 0.13%. AUD/USD slipped 0.45% on Tuesday and dropped to its lowest level since June 1st. Australian consumer confidence slips, business mood stays steady Australia's consumers remain deeply pessimistic about economic conditions.
09-08-2023 05:35 GMT by Kenneth Fisher
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NZD/USD slides on China's soft trade numbers
China's exports and imports fall sharply New Zealand dollar slides by 1% China's CPI expected to indicate deflation The New Zealand dollar has declined by 1% on Tuesday. In the North American session, NZD/USD is trading at 0.6044, down 1.01%. Earlier, NZD/USD touched a low of 0.6034, its lowest level since June 8th. China's trade plunges as the economy struggles China's post-Covid recovery has not gone according to plan, as weak global demand and soft domestic demand have weighed on economic
08-08-2023 11:58 GMT by Kenneth Fisher
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Euro slides as German inflation eases
German inflation declines German Sentix economic index slows Fed members Bowman and Williams send hawkish message to markets The euro has fallen below the symbolic 1.10 level on Tuesday. In the European session, EUR/USD is trading at 1.0944, down 0.53%. German inflation decelerates in July Germany's inflation rate for July was 6.2% y/y, confirming the preliminary reading in June.
08-08-2023 10:42 GMT by Kenneth Fisher
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EUR/USD finds support after Fed's Harker suggests rate hikes might be over
Fed rate hike odds stumble (Sept at 13.0% of a hike, November at 20.2%) Fed's Harker will may be at a point where it can hold rates steady Fed's Barkin notes inflation remains too high Risk aversion was providing the dollar with some momentum but that move might have been exhausted after Fed's Harker signaled they could be done raising rates.  Harker noted, "Absent any alarming new data between now and mid-September, I believe we may be at the point where we can be patient and hold rates steady
08-08-2023 09:55 GMT by Edward Moya
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