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.

Week Ahead - Bracing for next week's earnings, rate decisions, and major economic data

US The Fed is expected to resume raising rates at the July 26th FOMC meeting. Fed funds futures see a 96% chance that the central bank will deliver a quarter-point rate rise, bringing the target range to between 5.25% and 5.50%, almost a 22-year high. The Fed delivered 10 straight rate increases and then paused at the June FOMC meeting. The Fed is going to raise rates on Wednesday and seems poised to be noncommittal with what they will do in September. The economic data has been mixed (str

21-07-2023 14:00 GMT by Edward Moya

Podcast - A Big Week Ahead (BOJ, ECB, Fed, Earnings, Major US data)

OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to discuss the drop in the yen after a YCC report, recap some of this week's big macro themes and talk commodities.

21-07-2023 12:47 GMT by Edward Moya

Morning Movers: Yen tumbles as BOJ expected to keep YCC intact, Nasdaq's rebalancing

USD/JPY Yen dives on reports BOJ sees little need to adjust YCC Central bank-a-palooza was supposed to start next week, but traders got a head start after reports surfaced that the BOJ saw little urgency to adjust their yield curve control program (YCC). It looks like FX traders are expecting the BOJ to maintain their ultra-loose monetary policy and for the Fed to deliver a quarter-point rate rise and to have a wait-and-see approach about the September meeting. The Japanese yen is the we

21-07-2023 10:15 GMT by Edward Moya

British pound dips despite rebound in retail sales

UK retail sales rise in May Former Fed Chair Bernanke says Fed hikes could be done after July The British pound is in negative territory on Friday. In the European session, GBP/USD is trading at 1.2824, down 0.34%.

21-07-2023 08:22 GMT by Kenneth Fisher

USD/CAD flat ahead of Canadian retail sales

Canada's retail sales expected to slow Former Chair Bernanke says the July hike may be the last increase The Canadian dollar is trading quietly on Friday. In the European session, USD/CAD is trading at 1.3157, down 0.09%. It has been a busy week in the currency markets, with the US dollar rebounding and posting strong gains against the major currencies.

21-07-2023 07:11 GMT by Kenneth Fisher

Japanese yen sinks as inflation rises

Japan's core inflation rises in June USD/JPY jumps over 1% The US dollar continues to rally as the Japanese yen is down for a fourth straight day. In Friday's European session, USD/JPY is trading at 141.93, up 1.33%. The yen has taken investors on a roller-coaster ride.

21-07-2023 04:48 GMT by Kenneth Fisher

USD/JPY Technical: Potential continuation of the bearish trend

The +326 pips rebound seen in the USD/JPY from the 14 July 2023 low of 137.24 has reached a minor key inflection point. Short-term momentum (hourly RSI) has turned bearish. 60 is the key short-term resistance to watch. This is a follow-up on our prior analysis “USD/JPY Technical: “USD/JPY Technical: Torpedoed down but holding at 200-day moving average” published on 14 July 2023.

20-07-2023 21:59 GMT by Kelvin Wong

All about Earnings… and some US data

AAII survey shows majority of individuals bullishness hits highest levels since April 2021 Fed swaps suggest peak rate of 5.419% at November meeting (up from yesterday's 5.402%) Dow poised for a 9-day winning streak as the mega-cap tech trade cools The Dow is having its best winning streak since 2019 and what makes this so impressive is that it occurs as the AI trade appears to still be in early cycle. Market breadth seems like it wants to improve as the mega-cap tech trade takes a break. Also

20-07-2023 12:33 GMT by Edward Moya

MPCE-0068-YT-Thumbnail-White–1280x720.png

GBP/USD - Slips back after UK inflation data gives BoE belief

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in GBPUSD on the back of the latest UK inflation report and what it all means for BoE interest rates.

20-07-2023 11:46 GMT by Craig Erlam

USD/CAD gains ground after strong US unemployment claims

US unemployment claims fall to two-month low Canada's retail sales expected to ease on Friday The Canadian dollar started the day with gains but the US dollar has rebounded after a strong unemployment claims report. In the North American session, USD/CAD is trading at 1.3173, up 0.07%. US jobless claims fall to 2-month low US unemployment claims fell last week to 228,000, down from 234,000 and well below the consensus estimate of 242,000.

20-07-2023 11:16 GMT by Kenneth Fisher

Australian dollar jumps after strong jobs report

Australian job growth beats expectations AUD/USD rises The Australian dollar has climbed on Thursday, courtesy of a strong employment report for June. In the European session, AUD/USD is trading at 0.6812, up 0.63%.

20-07-2023 10:19 GMT by Kenneth Fisher

Japanese yen edges up ahead of Japanese inflation report

US employment claims expected to rise Japan's core inflation projected to tick higher BoJ's Ueda says no plans to tighten policy The Japanese yen is trading quietly on Thursday. In the European session, USD/JPY is trading at 139.45, down 0.16%. Japan's core inflation expected to inch higher Japan releases National Core CPI for June on Friday.

20-07-2023 05:14 GMT by Kenneth Fisher

MPCE-0067-Podcast-Thumbnail-Orange–1280x720.png

Podcast - UK inflation relief for BoE, earnings lift US stocks

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the market's response to UK inflation data and how earnings are impacting US stocks.

19-07-2023 17:06 GMT by Craig Erlam

Stocks rally as earnings keep supporting soft-landing hopes

Apple is reportedly committing to grow its own generative AI tools So far it has been a solid start to earnings season Odds grow for the Fed to be one and done on rates US stocks are rising as soft-landing hopes grow as the regional banks provide stabilization signs and on hopes that inflation will continue to cool. It doesn’t look like we will see a major credit crunch anytime soon and that could mean good news for the recovery that takes hold next year. Goldman Sachs delivered an earnings

19-07-2023 13:02 GMT by Edward Moya

AUD/USD extends slide, Aussie employment report next

AUD/USD continues to slide Australian employment change expected to slow on Thursday The Australian dollar is down sharply on Wednesday. In the North American session, AUD/USD is trading at 0.6774, down 0.55%. For anyone who enjoys strong volatility, look no further than the Australian dollar.

19-07-2023 10:28 GMT by Kenneth Fisher

GBP/USD - UK inflation data offers hope for the Bank of England

UK CPI falls to 7.9% from 8.7%, core CPI 6.9% from 7.1% BoE base rate seen peaking at 5.75% according to markets GBPUSD slips below 1.30 after the data The inflation in the UK is finally on the decline and in a rare show of good news, it's falling at a faster pace than expected on both the headline and core levels. We haven't been treated to many reports like this over the last couple of years, and even when we have any enthusiasm has quickly been extinguished.

19-07-2023 09:09 GMT by Craig Erlam

Sterling takes a tumble as inflation falls

UK inflation eases more than expected British pound tumbles close to 1% Pound slides as UK inflation lower than expected The British pound is sharply lower on Wednesday. In the European session, GBP/USD is trading at 1.2916, down 0.92%.

19-07-2023 07:34 GMT by Kenneth Fisher

A bipolar world of stock market performances

US benchmark stock indices continue to maintain global leadership as its cyclical laggards are now playing catch up to the technology-related Magnificent Seven (Apple, Microsoft, Meta, Nvidia, Telsa, Alphabet & Amazon). The laggard Dow Jones Industrial Average staged a bullish breakout from a 7-month range consolidation supported by strong performances in financials/banking stocks. China’s latest “New Consumption Plan” has failed to spark bullish sentiment in China and Hong Kong benchmark stock

19-07-2023 03:22 GMT by Kelvin Wong

AUD/USD - Minutes reveal the RBA is undecided on future rate hikes

RBA undecided on future policy moves Markets expect one more hike but not sure when AUDUSD facing significant resistance despite a weaker dollar It's safe to say there's quite a balanced debate taking place at the Reserve Bank of Australia right now, with policymakers torn on whether conditions have become restrictive enough and if a little more will do more harm or good. While markets appear confident that the RBA will hike once more this year, when that will come is far less clear. And as we

18-07-2023 18:13 GMT by Craig Erlam

GBP/USD edges lower ahead of UK inflation

US retail sales dip, core retail sales rise UK inflation expected to fall The British pound has edged lower on Tuesday. In the North American session, GBP/USD is trading at 1.3038, down 0.27%. UK inflation expected to fall The UK is lagging behind other major economies in the fight to curb inflation.

18-07-2023 13:40 GMT by Kenneth Fisher

1 … 128 129 130 … 223