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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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Japanese yen shrugs after PMI releases
Japanese PMI point to softness in manufacturing and services Speculation rises that BoJ could tweak yield control policy The Japanese yen has edged higher on Tuesday. In the European session, USD/JPY is trading at 149.44, down 0.18%. Japan posts soft PMIs Japanese Flash PMIs for October failed to impress, but the impact on the Japanese yen was muted.
24-10-2023 04:28 GMT by Kenneth Fisher
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USD/JPY bullish momentum seems to be fading
USD/JPY’s current year-to-date outperformance has started to dissipate based on a shorter-term one-month rolling basis. A disappointing Japan Services PMI (flash) for October has failed to ignite an intraday bullish movement in USD/JPY. Three main factors that are likely to be the cause; intervention risk, inter-market expectations, and momentum. Watch the key 20-day moving average on the USD/JPY, now acting as support at 149.30. The major uptrend phase of the USD/JPY in place since mid-January
24-10-2023 02:27 GMT by Kelvin Wong
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BTC/USD: Is Bitcoin Back?
Bitcoin hits $31,000, highest levels since July Michael Saylor's MicroStrategy Bitcoin position turns positive (average $29,582 purchase price) Major bond market yield reversal keeps cryptos broadly supported (Eth up 3.4%, Solana up 2.4%, and Dogecoin up 4.9%) Bitcoin is rallying alongside tech stocks as the bond market has a major reversal.  Today's rally that took prices to a three-month high is not about spot Bitcoin ETF optimism but about a significant reversal in the dollar and 10-year Tre
23-10-2023 14:57 GMT by Edward Moya
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EUR/USD: Dollar drops as Treasury yields reverse initial surge to 5.00%
10-year Treasury tested 5.00% for the first time since 2007 This latest bond market selloff could lead to a harder-hitting economic slowdown Strategists don't believe the recent data support this bond market move; strong buying emerged once yields hit 5.00% Wall Street is trying to understand how the US economy will be able to deliver a soft landing as Treasury yields trade at cycle highs. A fourth quarter slowdown is here but that is only happening from a high baseline, which will probably be
23-10-2023 13:26 GMT by Edward Moya
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GBP/USD drifting, UK employment report next
UK retail sales slide in September UK releases employment data on Tuesday The British pound is showing very limited movement on Monday. In the North American session, GBP/USD is trading at 1.2154, down 0.07% UK employment expected to slide The UK delayed has delayed the release of employment and unemployment data until Tuesday, after releasing wage growth last week.
23-10-2023 09:58 GMT by Kenneth Fisher
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Japanese yen flirts with 150, PMIs next
USD/JPY briefly pushes below 150 Japan releases PMIs on Tuesday The Japanese yen is trading quietly on Monday. In the European session, USD/JPY is trading at 149.98, up 0.07%. The yen showed little movement last week, hovering just shy of the symbolic 150 line.
23-10-2023 07:05 GMT by Kenneth Fisher
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GBP/USD - UK consumer activity cools in the run-up to the festive season
UK retail sales -0.9% in Setember (-0.3% expected) UK Gfk consumer confidence -30 in October (-20 expected) GBPUSD losing momentum near recent lows UK consumers are reining in spending in the run-up to the festive season and the latest survey from Gfk suggests it's not just the weather that's driving it. Retail sales fell 0.9% in September, far exceeding expectations of a 0.3% decline as unseasonably warm weather weighed on sales of Autumn clothing. While that's not a new phenomenon, weather is
20-10-2023 08:49 GMT by Craig Erlam
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Canadian dollar calm ahead of retail sales
Canada to release retail sales later today Fed's Powell says inflation still too high, lower growth needed The Canadian dollar has edged higher on Friday. In the European session, USD/CAD is trading at 1.3688, down 0.23%.
20-10-2023 07:50 GMT by Kenneth Fisher
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Dollar declines extend post Powell, November is no longer live but future rate hikes still on table
Wall Street went on a mini rollercoaster ride during Fed Chair Powell's speech.  Powell's comments were mostly in-line with other officials and support the belief that policy might not be "too tight" and future rate hikes may be needed.  Powell's comments support their higher for longer mantra, but fell short of signaling a rate hike was likely in December.  Until inflation is much lower, the Fed will try to jawbone the market into thinking more hikes are possible. Fed Chair Powell Key Quotes f
19-10-2023 13:27 GMT by Edward Moya
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Dollar softens ahead of Fed Chair Powell's speech
Stocks earning driven rally supports risk assets USD softer against majority of trading partners Jobless Claims drop to lowest levels since January It’s dawning on Wall Street that despite a giant ‘wall of worry’, the Fed is probably going to have to resume raising rates.  Fed fund futures are now leaning towards one more rate hike by the January FOMC decision. After another low jobless claims report, it is clear that the US economy remains resilient and is unlikely in a position to bring infla
19-10-2023 11:40 GMT by Edward Moya
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Euro rises, US jobless claims drop
US unemployment claims drop below 200K ECB's Lagarde expresses concern over oil inflation The euro has bounced back on Thursday, erasing the losses from a day earlier. In the North American session, EUR/USD is trading at 1.0573, up 0.36%. The Middle East is back in the headlines as Israel and Hamas are engaged in fierce fighting.
19-10-2023 10:16 GMT by Kenneth Fisher
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GBP/USD flat as retail sales eyed
US unemployment claims fall below 200K UK retail sales expected to improve to -0.1% The British pound is drifting on Thursday. In the North American session, GBP/USD is trading at 1.2142, almost unchanged. The UK inflation report on Wednesday was a stark reminder that inflation remains stubborn and sticky.
19-10-2023 09:30 GMT by Kenneth Fisher
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Aussie slips on soft employment data
Australian employment falls sharply PBOC expected to maintain loan prime rates The Australian dollar has extended its losses on Thursday. In the North American session, AUD/USD is trading at 0.6312, down 0.37%. Australia's labour market had a disappointing September, with only 6,700 jobs created.
19-10-2023 07:45 GMT by Kenneth Fisher
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GBP/JPY Technical – Impending bearish reversal
The GBP is the second weakest currency among the major US dollar pairs in the past five days. A potential bearish reversal set-up has emerged for GBP/JPY while the JPY bears seem to be cautious about Japan’s MoF intervention at around the 150.30 risk level on USD/JPY. Watch the key short-term resistance at 182.95 on the GBP/JPY. The UK pound sterling (GBP) is the second weakest currency among the major US dollar pairs based on a five-day rolling performance calculation at this time of the writi
19-10-2023 01:28 GMT by Kelvin Wong
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USD/JPY: Dollar holds gains post 20-year auction and Beige Book
Two-year Treasury rises 0.7bps to 5.216%, 10-year higher by 7.2bps to 4.906%,  and the 30-year gains 7.0bps to 4.995% Beige book sees US outlook as stable or slightly weaker Treasury market unraveled by growth in supply; today's auction saw surprisingly better demand The dollar is holding onto most of its gains as the surge in Treasury yields stalls after a historic bond market slide.  A 20-year bond auction saw strong demand, bucking the tepid demand we saw last week.  This auction was awarded
18-10-2023 15:15 GMT by Edward Moya
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GBP/USD: King dollar trade remains as hot UK inflation is unable to give GBP a boost
Headline UK CPI inflation held steady at 6.7% vs 6.6% eyed; BOE rate hike odds rise to 60% for a quarter-point increase by the Feb 1st meeting Fed's Williams said interest rates will have to stay at restrictive levels “for some time” to bring inflation back down to the central bank’s 2% target. Fed's Waller can wait and gather more data before deciding if more rate hikes are needed The dollar is rising and US stocks are declining on soft earnings, rising rates, and as the risks grow for a poten
18-10-2023 13:02 GMT by Edward Moya
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Euro slips as Eurozone inflation falls to 4.3%
Eurozone CPI confirmed at 4.3% Markets eye Fedspeak, with four FOMC members speaking today The euro is considerably lower on Wednesday. In the European session, EUR/USD is trading at 1.0525, down 0.48%. Eurozone inflation falls to 4.3% The inflation rate in the eurozone for September was confirmed at 4.3% y/y on Wednesday, down from 5.2% in August and the lowest since October 2021.
18-10-2023 12:27 GMT by Kenneth Fisher
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