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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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Retail sales gives Australian dollar brief boost
Australian retail sales rebounds with 0.5% gain Fed's Powell keeps door open to further hikes The Australian dollar started the week with gains but then retreated. In the European session, AUD/USD is trading at 0.6408, up 0.09%.
28-08-2023 07:12 GMT by Kenneth Fisher
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AUD/USD Technical: Potential minor countertrend rebound in progress
Medium-term downtrend phase of AUD/USD has reached an oversold condition with downside momentum easing. Key short-term support to watch will be at 0.6385. Intermediate resistance at 0.6490. The price actions of AUD/USD have been oscillating in a medium-term downtrend phase in place since the 17 July 2023 high which has been reinforced by the bearish breakdown of its former medium-term ascending trendline support from 13 October 2022 low on 9 August 2023. So far, the AUD/USD has plummeted by -5
28-08-2023 01:01 GMT by Kelvin Wong
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USD/JPY breaks above 146, Tokyo Core CPI dips to 2.8%
Tokyo Core CPI gains 2.8%, less than expected Powell and Ueda to speak at Jackson Hole symposium USD/JPY has posted small gains on Friday, enough to push above the symbolic 146 line. On the data calendar, Tokyo Core CPI dipped lower and Fed Chair Powell addresses the Jackson Hole Symposium later today. Tokyo Core CPI eases to 2.8% Japan released the Tokyo Core CPI earlier today.
25-08-2023 06:47 GMT by Kenneth Fisher
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Euro falls below 1.08, German business confidence next
Euro falls below 1.08 for first time since June Fed's Harker says interest rates may have peaked The euro has extended its losses for a second straight day. In the European session, EUR/USD is trading at 1.0785, down 0.23% and falling below the 1.08 line for the first time since June.
25-08-2023 03:41 GMT by Kenneth Fisher
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EUR/SEK: Riksbank eyes a major krona reversal
Governor Thedeen say krona is fundamentally undervalued Markets fulling pricing in September Riksbank quarter-point rate hike Sweden's government expects economy shrink by -0.8% in 2023 (previously eyed -0.4%) Sweden’s krona has been punished as the economy appears to be headed for a tough recession. Core inflation is coming down too slowly and that will keep the Riksbank hiking even as expectations grow for a lengthy recession.  The krona has not been getting any relief as many Swedes have sta
24-08-2023 14:02 GMT by Edward Moya
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Australian dollar continues sharp swings
Australian dollar slides close to 1% The Australian dollar continues to show strong volatility for a second straight day. In the North American session, AUD/USD is trading at 0.6426, down 0.84%. After a sleepy start to the week, the Aussie is showing some life.
24-08-2023 13:03 GMT by Kenneth Fisher
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USD/JPY: Dollar pares gains after Harker says Fed’s done enough with rates
Atlanta Fed's GDP estimate sees real Q3 GDP growth of 5.9%, up from last week's 5.8% Fed Chair Powell's Jackson Hole Speech is scheduled for tomorrow at 10:05 am EST Fed's Harker (voter) says they've done enough with rates while Fed's Collins (non-voter) more rate hikes may be needed As Wall Street awaits Fed Chair Powell’s Jackson Hole speech, some traders shifted their focus to Federal Reserve Bank of Philadelphia Patrick Harker’s CNBC interview. When talking about interest Harker said, “Righ
24-08-2023 11:56 GMT by Edward Moya
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GBP/USD - Slips for a third day amid cracks in UK economic data
UK yields fall amid economic uncertainty BoE expected to raise rates twice more this year to 5.75% Cable testing key support for a second day The pound is on the decline again on Thursday, having fallen over the last couple of days on the back of some worrying economic figures from the UK. Whether we're talking about a blip in the data or cracks finally appearing in the economy after a very aggressive tightening cycle from the Bank of England, traders are paring back expectations for interest
24-08-2023 10:16 GMT by Craig Erlam
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Japan yen's mini-rally fizzles, Tokyo Core CPI next
Tokyo Core CPI expected to tick lower to 2.9% US to release jobless claims and durable goods orders later on Thursday USD/JPY put together a mid-week rally with gains of 1% but is considerably lower on Thursday.  In the European session, USD/JPY is trading at 145.72, up 0.60%. Markets eye Tokyo Core CPI Japan releases Tokyo Core CPI on Friday, the third inflation report in just over a week. The previous two releases were for July, but Tokyo Core CPI is the first indicator of August inflation,
24-08-2023 08:20 GMT by Kenneth Fisher
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EUR/USD dips ahead of US jobless claims, durable goods orders
Euro yawns after weak German and eurozone PMIs US to release unemployment claims and durable goods orders on Thursday The euro has edged lower on Thursday. In the European session, EUR/USD is trading at 1.0851, down 0.11%. On the data calendar, there are no releases from the eurozone.
24-08-2023 06:26 GMT by Kenneth Fisher
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USD/JPY: Dollar stays near lows after mixed 20-year auction
Earnings and soft services PMIs sends yields and dollar lower Fed rate hike odds for September 20th meeting stand at 11% (down from yesterday's 16%) Russian mercenary leader Prigozhin may have died in plane crash The US dollar remained near session lows against the Japanese yen after the Treasury's mixed 20-year auction.  The bond market rally that started yesterday is holding up after decent demand saw a 4.499% yield, which was higher than the pre-sale yield of 4.490%, and obviously above the
23-08-2023 15:21 GMT by Edward Moya
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GBP/USD pares losses after soft PMIs
UK manufacturing and services PMIs decelerate The British pound has edged lower on Wednesday. In the North American session, GBP/USD is trading at 1.2720, down 0.09%. UK PMIs head lower The UK economy continues to cool down, and today's PMI readings showed deceleration in both the manufacturing and services sectors.
23-08-2023 13:36 GMT by Kenneth Fisher
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EUR/JPY: Pullback emerges following horrible EZ PMI data
Eurozone August Services PMI fell into contraction territory; dropping from 50.9 to 48.3 Treasuries extend gains after global PMIs disappoint; double digit declines across global 10-year bonds Yen rallies to a 1-week high against the dollar EUR/JPY (a daily char of which is show) as of Wednesday (8/23/2023) displays a noticeable pullback after the euro area's service sector contraction worsened. The 20-nation bloc saw the service sector unexpectedly fell into contraction territory.
23-08-2023 12:33 GMT by Edward Moya
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EUR/USD - ECB may be convinced to hold in September after latest data
Eurozone Services PMI falls to 48.3 in August (50.5 expected, 50.9 in July) Eurozone Manufacturing PMI rises to 43.7 in August (42.6 expected, 42.7 in July) Euro testing key support against the US dollar The data from the eurozone was no more promising, particularly Germany - the bloc's largest economy - which has had a harder year than most and looks likely to continue to do so going into next year. There was a slight and unexpected improvement in the manufacturing number.
23-08-2023 12:08 GMT by Craig Erlam
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GBP/USD - BoE rate expectations pared back as PMIs point to recession
UK Services PMI falls to 48.7 (50.8 expected, 51.5 in July) UK Manufacturing PMI falls to 42.5 (45 expected, 45.3 in July) Cable tests support but rebounds for the third time The UK services and manufacturing PMI surveys fell well short of forecasts this morning, the former deep into contraction territory. What's more, the weakness was widespread from new orders to hiring and prices paid, which suggests we're not just talking about a blip in the data, but rather the prospect of a recessio
23-08-2023 11:10 GMT by Craig Erlam
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British pound eyes PMIs reports
UK order expectations decline Manufacturing and services PMIs are expected to tick lower on Wednesday The British pound started the Tuesday session in positive territory but has given up these gains. In North American trade, GBP/USD is trading at 1.2737, down 0.16%. UK manufacturing continues to sputter The Confederation of British Industry industrial order expectations fell to -15 in August, down from -9 in July and missing the consensus estimate of -13.
22-08-2023 09:08 GMT by Kenneth Fisher
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