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.

China’s proxy stock market rallied, hawkish pause for RBA

US-China geopolitical tension remains on heat after the latest China exports curb on key metals for semiconductor chip production. China’s proxy stock market; Hang Seng benchmark stock indices rallied to a 5-day high. RBA left its policy cash rate unchanged at 4.10%, a pause after two consecutive interest rate hikes but hinted in its monetary policy statement is tilted towards a hawkish pause. Actions speak louder than words in geopolitics In the past two weeks, we have witnessed key officials

04-07-2023 02:00 GMT by Kelvin Wong

AUD/USD Technical: Positive momentum ahead of RBA

AUD/USD rallied by 97 pips from last Thursday, 29 June low of 0.6593. Staged a minor bullish breakout ahead of RBA’s monetary policy decision today. Watch 0.6630 key short-term support to maintain the current bullish tone. Since its 0.6593 minor low printed last Thursday, 29 June, the AUD/USD has managed to stage a rebound of 97 pips to print an intraday high of 0.6692 yesterday, 3 July ahead of Australia central bank, RBA’s monetary policy decision out later today at 0430 GMT. The interest ra

03-07-2023 21:33 GMT by Kelvin Wong

Euro calm as manufacturing PMIs point to contraction

Manufacturing PMIs point to contraction across the eurozone but euro remains steady US ISM Manufacturing PMI weakens US PCE Index slows but Fed still expected to hike in July EUR/USD is almost unchanged on Monday, trading at 1.0909. Eurozone manufacturing continues to sputter The eurozone manufacturing sector has been in poor shape for months and the downturn worsened worse in June. The eurozone PMI slowed to 43.4 in June, down from 44.8 and shy of the consensus of 43.6 points.

03-07-2023 11:47 GMT by Kenneth Fisher

Canadian dollar drifting, ISM Manufacturing PMI next

Canada's GDP surprises to the upside US PCE Price Index eases in June ISM Manufacturing PMI expected to contract The Canadian dollar is trading at 1.3259, up 0.07%. Canadian markets are closed for a holiday and I expect USD/CAD movement to be limited.

03-07-2023 08:47 GMT by Kenneth Fisher

AUD/USD pares losses ahead of RBA rate decision

Money markets split on RBA decision on Tuesday US PCE Price Index eases in May The Australian dollar is showing some movement right off the bat on Monday. AUD/USD fell as much as 70 pips in the Asian session but has recovered most of those losses.

03-07-2023 05:55 GMT by Kenneth Fisher

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Podcast - Eurozone inflation, China PMIs, US Data, Gold

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the latest developments in the markets including the eurozone inflation data, US GDP and jobless claims, China PMIs and gold.

30-06-2023 09:15 GMT by Craig Erlam

EUR/USD climbs as key US inflation gauge ticks lower

US Core PCE Price Index ticks lower Eurozone headline CPI eases but core CPI rises German headline and core inflation accelerate EUR/USD is trading at 1.0898 in the North American session, up 0.32%. Eurozone inflation falls but core rate rises Inflation in the eurozone continues to fall. Eurozone CPI is expected to fall to 5.5% in June, down from 6.1% in May and a notch below the consensus of 5.6%.

30-06-2023 09:00 GMT by Kenneth Fisher

Eurozone inflation data brings some relief for the ECB but tightening cycle likely not over

European stocks are ending the week on a high, buoyed by another encouraging inflation report that will soon support the end of the ECBs tightening cycle. Not only did the headline HICP rate fall further than expected, but the slight rebound at the core level - driven largely by unfavourable base effects, largely attributed to German transport subsidies last year - was lower than expected.

30-06-2023 08:43 GMT by Craig Erlam

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Video - GBP/USD correction or a broader decline?

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in GBPUSD in light of the recent US economic data.

30-06-2023 07:35 GMT by Craig Erlam

USD/CAD flat ahead of Canadian GDP

Canada release GDP on Friday US publishes Core PCE Price Index, UoM Consumer Sentiment on Friday The Canadian dollar is flat on Friday, trading at 1.3258 in the European session. Will Canada's GDP shake up the Canadian dollar? Canada releases GDP for May later on Friday. The consensus stands at 0.2% m/m, which translates into 2.4% annualized, a respectable gain.

30-06-2023 06:14 GMT by Kenneth Fisher

Japanese yen flirts with 145, Core CPI ticks upwards

Japanese yen briefly falls below 145 line Tokyo Core CPI rises to 3.2% US GDP revised higher, unemployment claims slide USD/JPY is showing limited movement, trading at 144.62 in the European session. The yen briefly fell below the symbolic 145 line earlier today. Tokyo Core CPI inches higher Tokyo Core CPI, a key inflation gauge, moved slightly higher in June.

30-06-2023 05:09 GMT by Kenneth Fisher

Bullish US stocks and bearish JPY at risk of pain trade in H2

Significant up move in G-20 2-year sovereign bond yields except for Japan & China. US 2-year Treasury yield may eye the next immediate resistance at 5.20%. Higher cost of funding in H2 may deflate current optimism in US stocks. Japan’s finance officials have ratcheted up verbal intervention to talk down USD/JPY strength. Welcome to June month-end, Q2 2023-end, and H1 2023-end where three different periods of closing coincide at the same time which tends to lead to higher volatility in certain a

30-06-2023 03:02 GMT by Kelvin Wong

Oil prices recovering, gold falls below $1900 on strong US data

Oil continues to consolidate amid an uncertain economic outlook Oil prices are continuing to recover on Thursday after falling back toward their range lows on Wednesday. The gradual consolidation that we're seeing in crude doesn't appear to be nearing an end, with the price simply fluctuating between the range highs and lows over the last couple of months. The uncertainty around inflation, interest rates, and therefore the economy may well be behind that as investors have frequently been caught

29-06-2023 12:55 GMT by Craig Erlam

Impressive GDP and Personal Consumption drive Fed rate hike bets

Watch out Wall Street! The US economy is too strong.

29-06-2023 09:47 GMT by Edward Moya

USD/JPY steady ahead of key Japanese inflation release

Japan releases Tokyo Core CPI on Friday USD/JPY moves closer to symbolic 145 line Ueda says no changes to policy unless core inflation rises USD/JPY has edged lower on Thursday. In the European session, the yen is trading at 144.19, down 0.20%.

29-06-2023 07:41 GMT by Kenneth Fisher

Euro unchanged ahead of German CPI

Lagarde signals ECB rate hike in July Germany releases inflation report later on Thursday Eurozone inflation report follows on Friday EUR/USD is unchanged on Thursday and is trading at 1.0912 in the European session. German CPI Germany releases the June inflation report later today. Inflation in the eurozone's largest economy fell to 6.1% in May, down sharply from 7.2% in April.

29-06-2023 05:14 GMT by Kenneth Fisher

Podcast - Powell stays hawkish and eyes more hikes

OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze Fed Chair Powell's comments at the ECB Forum, reports of that the US is considering fresh curbs on AI chips to China, and gold markets.

28-06-2023 16:13 GMT by Edward Moya

Japanese yen falls below 144, Ueda and Powell talk policy

Ueda, Powell participating in panel at ECB Bank Forum Japanese yen slips below 144 US consumer confidence surges higher USD/JPY continues to push higher and is closing in on the 145 line. In the North American session, the yen is trading at 144.60, up 0.37%. Will Ueda provide any clues at ECB Bank Forum? It's a quiet day on the data calendar, with no important US releases.

28-06-2023 11:03 GMT by Kenneth Fisher

EUR/USD - Will Lagarde shake up the euro?

German consumer sentiment falls ECB's Lagarde will participate in a panel discussion on policy EUR/USD has edged lower on Wednesday. In the European session, EUR/USD is trading at 1.0939, up 0.20%. German consumer confidence dips The German GfK Consumer Sentiment report found that consumer confidence is expected to fall in July to -25.4, down from a downwardly revised -24.4 in June.

28-06-2023 08:24 GMT by Kenneth Fisher

All eyes on the ECB forum as central bank heads join panel discussion

Equity markets are cautiously higher in Europe while the US is poised to open relatively flat as we await appearances from the heads of the Fed, ECB, BoE and BoJ. Fed Chair Jerome Powell, ECB President Christine Lagarde, BoE Governor Andrew Bailey, and BoJ Governor Kazuo Ueda are due to take part in a panel discussion at the ECB Forum on Central Banking around the opening bell in the US and their comments could set the tone for the rest of the day.

28-06-2023 08:02 GMT by Craig Erlam

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