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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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Oil reaches 3-month high, Gold and Bitcoin edge lower
Oil Crude prices are tentatively breaking out as expectations remain for the oil market to remain tight despite all global weakness that is emerging.  The rally in crude oil is impressive as it occurs as Europe is looking very weak right now, the US is slowing down, and China’s Politburo isn’t expected to unveil major stimulus this week. Oil is also getting a boost from Wall Street as optimism grows the end of the Fed’s rate hiking campaign appears it could be here.  With Europe lagging by a c
24-07-2023 14:29 GMT by Edward Moya
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EUR/USD and USD/JPY in focus post flash PMIs; Bitcoin falls below $29.5k
It was surprisingly a busy weekend as Spain delivered a close national election, Barbie showed us the economy is still partying, Chevron reported impressive earnings, and as expectations turn downbeat for China to deliver significant stimulus this week. Despite all the headlines, overnight both S&P 500 futures and the dollar were mostly little changed until the release of the flash PMIs. EUR/USD tumbles after weak eurozone PMI data The euro declined below the 1.1120 level against the dollar aft
24-07-2023 10:31 GMT by Edward Moya
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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