Forex: All News & Analysis

AUD/USD edges lower, China data beats expectations

China's GDP beats expectations at 4.9% Australian job growth expected to fall The Australian dollar started the day higher but has reversed directions. In the North American session, AUD/USD is trading at 0.6357, down 0.13%. The US dollar has steamrolled the Aussie, which hasn't posted a winning week since September and dropped close to a one-year low last week.

18-10-2023 10:14 GMT by Kenneth Fisher

British pounds shrugs as CPI remains steady

UK CPI unchanged, core CPI ticks lower US retail sales hotter than expected The British pound is showing limited movement on Wednesday. In the European session, GBP/USD is trading at 1.2194, down 0.09%. UK CPI unchanged, core CPI ticks lower Today's UK inflation report showed little change from a month ago, a reminder that the battle to curb inflation will be a long one.

18-10-2023 07:39 GMT by Kenneth Fisher

EUR/AUD potential short-term downside pressure after upbeat China data

China’s Q3 GDP, Retail Sales, and Industrial Production for September beat expectations. China’s Country Garden is still at risk of an imminent default as its grace period of overdue bond coupon payments of US$15.4 million expires today. The FX market is ignoring the default risk of Country Garden as the offshore yuan (CHN) has continued to trade sideways against the US dollar since 28 September. The resilience of CNH against the US dollar has triggered a dissipating US dollar strength movement

18-10-2023 02:13 GMT by Kelvin Wong

USD/CHF: Two-year yield surges as the risks grow to the US outlook

Republican Jim Jordan does not have enough votes to be elected House speaker in the first round of floor voting. Risk aversion was the early trade as hot data fueled Fed rate hike bets Investors await key Chinese data that could alleviate global growth concerns USD/CHF been a tough trade over the last week as geopolitical concerns initially sent safe haven flows towards the franc, but resilient economic data prevented risk aversion from running wild. The movement with Treasury yields are drivi

17-10-2023 14:38 GMT by Edward Moya

EUR/USD: Dollar volatile as Treasury yields surge; parity calls grow

JPMorgan expects EUR/USD to test parity, down from prior 1.05 target Citibank is eyeing a move to parity within six months ING head of research sees euro-dollar parity as possible Rabobank, Nomura, and RBC are eyeing a euro decline to 1.02 by end of year Both the US dollar and stocks are lower as good news about the economy is once again bad news, since it will keep policymakers on the fence on delivering more tightening. Treasury yields are rising after a couple of strong economic releases abo

17-10-2023 12:19 GMT by Edward Moya

GBP/USD slips on strong US retail sales

GBP/USD down over half a percent US retail sales higher than expected UK inflation projected to decline on Wednesday The British pound has declined 0.56% against the US dollar on Wednesday, wiping out yesterday's gains. In the North American session, GBP/USD is trading at 1.2158, down 0.48%.

17-10-2023 10:18 GMT by Kenneth Fisher

Canadian dollar eyes Cdn. inflation, US retail sales

Canadian inflation expected to remain unchanged US retail sales projected to ease The Canadian dollar is trading quietly in the European session. USD/CAD is trading at 1.3635, up 0.18%.

17-10-2023 07:42 GMT by Kenneth Fisher

Australian dollar calm after RBA minutes

RBA releases minutes Investors eye Israel-Hamas war The Australian dollar has extended its gains on Tuesday. AUD/USD is trading at 0.6353 in Europe, up 0.18%. It has been a rough patch for the Australian dollar lately.

17-10-2023 06:06 GMT by Kenneth Fisher

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Podcast - Gold may continue its upside momentum with China's Q3 GDP and UK inflation on the radar next

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights for the week ahead, potential firmer gold and oil prices due to lingering geopolitical risk premium, key China economic data (Q3 GDP, Retail Sales & Industrial Production) as well as UK's inflation data for September where the consensus is expecting another month of slowdown to 6% y/y for core inflation from 6.2% y/y in August. https://open.spotify.com/episode/25ibbNurKomUjUhujYrn2K

17-10-2023 03:29 GMT by Kelvin Wong

EUR/NZD Technical – Start of a new potential bullish impulsive up move

The Kiwi dollar (NZD) has been the worst performer among the US dollar major pairs in the past five days. A further slowdown in New Zealand’s Q3 CPI (5.6% y/y versus 6% y/y in Q2) reinforces RBNZ's current stance of maintaining its key policy official cash rate unchanged at 5.5%. A less hawkish RBNZ may put further downside pressure on the NZD that supports an ongoing major uptrend phase in the EUR/NZD cross pair. Watch the 1.7820 key short-term pivotal support on the EUR/NZD. The Kiwi dollar (

17-10-2023 02:00 GMT by Kelvin Wong

USD/CHF: Dollar softens despite a surge in Treasury yields

Safe-haven flows likely to head Swiss franc and gold's way as US debt concerns and liquidity concerns grow A week filled with Fed speak will see Wall Street focus on Fed Chairman Jerome Powell's speech on Thursday Empire Manufacturing contracted in October: -4.6 vs -6.0 eyed; Outlook for prices fell to a 3-year low Something doesn’t seem right on Wall Street. The dollar is falling even as Treasury yields at the long-end of the curve surge as uncertainty persists on stickier inflation fears and

16-10-2023 16:05 GMT by Edward Moya

Australian dollar rebounds, RBA minutes next

AUD/USD climbs 0.70% Australia releases RBA minutes on Tuesday The Australian dollar has started the week with strong gains. In the North American session, AUD/USD is trading at 0.6339, up 0.70%.

16-10-2023 13:08 GMT by Kenneth Fisher

British pound eyes UK employment release

UK releases employment data on Tuesday BoE's Bailey says rate decisions will be tight The British pound has started the week in positive territory. In the European session, GBP/USD is trading at 1.2166, up 0.17%.

16-10-2023 10:33 GMT by Kenneth Fisher

NZD/USD rises on strong Services PMI

In New Zealand: New Zealand dollar rebounds after awful week Services PMI crawls into expansion territory Inflation expected to almost double in third quarter The New Zealand dollar has started the week with strong gains. In the European session, NZD/USD is trading at 0.5919, up 0.55%.

16-10-2023 06:21 GMT by Kenneth Fisher

CHF/JPY further potential up move reinforced by CHF safe haven status

CHF was the top-performing currency among the USD pairs in the past five days. An uptick in geopolitical risk premium has reinforced CHF's safe haven status. CHF/JPY short-term and major uptrend phases remain intact with the next intermediate resistance coming in at 167.90/168.30. This is a follow-up analysis of our prior report, “CHF/JPY Technical: Continuation of potential bullish impulsive up move” published on 10 October 2023. Click here for a recap. The CHF/JPY has staged the expected imp

16-10-2023 01:29 GMT by Kelvin Wong

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Podcast - Geopolitical angst likely to keep market volatility elevated in the coming weeks

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart and Trader Nick. Today they discuss the recent bond market volatility, the start of earnings season, surging inflation expectations, and the impact the war in Israel is having on commodities.

13-10-2023 16:35 GMT by Edward Moya

Week Ahead - US retail sales and earnings, major Chinese data, and UK inflation and employment readings

This week Wall Street will learn how quickly the US consumer is weakening and if the manufacturing part of the economy is close to entering recovery mode. The US retail sales report for September is expected to show monthly sales increased 0.3%, down from the 0.6% in the previous month.

13-10-2023 15:17 GMT by Edward Moya

Global growth concerns send Commodity Currencies lower despite surge in oil and prices

Dollar remains strong on safe-haven flows spurred by the Israel-Hamas war Gold volatility surges the most since March Oil prices surge on disruption concerns The Canadian currency and Australian are both weaker against the greenback as fears of rising global market turmoil grow as the Israel-Hamas conflict escalates. Oftentimes a surge in commodity prices provide a boost to key countries that deal with surging commodities, but that isn't happening here. Oil Crude prices are surging as the oi

13-10-2023 14:25 GMT by Edward Moya

Mideast tensions send the Swiss franc, oil and gold sharply higher

Univ of Mich: Short- and longer-run inflation expectations surge (1-year rises to 3.8% and 5-10 year rise to 3.0%) Consumer sentiment plunges from 68.1 to 63.0, worst slide since June 2022 Bank stocks initial rally faded It has been a very busy Friday on Wall Street. Stocks traded mostly lower as investors digested an impressive start to earnings, surging inflation expectations and rising tensions with the conflict between Israel and Hamas.

13-10-2023 14:00 GMT by Edward Moya

Aussie stabilizes after sliding on US inflation

China inflation dips to 0.0% Australian dollar sinks after US inflation and employment data The Australian dollar is unchanged on Friday, trading at 0.6312. The Aussie was roughed up by the US dollar a day earlier and plummeted 1.56%, its largest one-day decline since August. The sharp downswing was driven by US inflation and unemployment reports on Thursday.

13-10-2023 07:49 GMT by Kenneth Fisher

Forex: all news & analysis