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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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AUD/JPY Technical: At the risk of a minor pull-back
Minor uptrend phase of AUD/JPY since its 1 June 2023 low 0f 90.26 has reached overstretched condition. The overstretched rally of AUD/JPY is characterized by a 14-month high seen in the Bollinger Bandwidth (a measurement of historical volatility). Short-term upside momentum has started to wane. Fig 1: AUD/JPY medium-term trend as of 19 Jun 2023 (Source: TradingView, click to enlarge chart) Fig 2: AUD/JPY minor short-term trend as of 19 Jun 2023 (Source: TradingView, click to enlarge chart
19-06-2023 00:57 GMT by Kelvin Wong
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Australian dollar surges to 4-month high
Australian dollar soars 1.29% on Thursday on Fed pause Markets price in Fed rate cuts despite Powell's hawkish signals The Australian dollar has moved lower on Friday, paring some of Thursday's massive gains. The Aussie traded as high as 0.6899 earlier today, its highest level since February 21st. Australian dollar soars after Fed pause The US dollar sagged badly against most of the major currencies on Thursday, in the aftermath of the dramatic Federal Reserve meeting.
16-06-2023 10:45 GMT by Kenneth Fisher
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EUR/USD surges after ECB rate hike
ECB raises rates by 25-basis points EUR settles down after soaring over 1% on Thursday EUR/USD is trading at 1.0948 in Europe, almost unchanged on the day. On Thursday, the euro surged 1.05% in the aftermath of the ECB rate hike. ECB hikes and signals more rate increases coming The ECB raised rates by 25 basis points on Thursday, bringing the benchmark rate to 3.50%, the highest level since 2001.
16-06-2023 09:08 GMT by Kenneth Fisher
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USD/JPY rises as BoJ stays the course
Bank of Japan maintains interest rate and yield curve control policy Japanese yen falls below 141 The Japanese yen is under pressure and has lost ground on Friday. In the European session, USD/JPY is trading at 141.01, up 0.53%. Bank of Japan maintains policy The Bank of Japan made no changes to its policy settings at its policy meeting.
16-06-2023 08:11 GMT by Kenneth Fisher
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Welcome to a bipolar world of monetary policies
Monetary policies and guidance of the 4 major central banks are moving in the opposite direction. US Fed and Eurozone ECB are in the hawkish camp while Japan BoJ and China PBoC are still in accommodating mode. K-shaped performance in USD against key G-20 currencies; JPY remained weak and CNH sideways, in contrast, the rest has strengthened against the USD. G-10 JPY crosses are bursting up. We have concluded three plus one monetary policy decisions outcome from four major G-20 central banks for
16-06-2023 02:22 GMT by Kelvin Wong
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EUR/USD - ECB hikes interest rates and warns at least one more is coming
Should we take them for their word? The ECB raised interest rates by another 25 basis points today and signaled there's more to come as it significantly revised up its core inflation forecasts for this year and next. Prior to the meeting, markets were pricing in a hike today but perhaps no more after, something President Lagarde sought to actively discourage. During the press conference, Lagarde stated that "barring material change, very likely that we will continue to raise rates in July".
15-06-2023 12:12 GMT by Craig Erlam
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Stocks suffering from a Fed hangover, ECB signals a July hike
ECB hikes rates by 25bps and hot inflation outlook sends euro higher Wall Street starts to doubt Fed hiking pledge Fed swap futures suggest a 62% chance of a rate hike at July 26th meeting US stocks are wavering after a data dump didn’t really give a clear signal about the economy.  Wall Street is suffering from a Fed hangover that won’t go away anytime soon as the economy will remain vulnerable as further tightening seems likely.
15-06-2023 10:02 GMT by Edward Moya
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USD/JPY Technical: Bullish breakout from 4-week range ahead of BOJ
Higher interest rates for longer periods from Fed’s latest monetary policy stance reinforced USD/JPY strength. USD/JPY staged a bullish breakout from its recent 4-week range. The next key intermediate resistances stand at 142.25 and 142.80 ahead of BoJ’s monetary policy decision tomorrow.
15-06-2023 04:38 GMT by Kelvin Wong
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New Zealand dollar dips after soft GDP report
New Zealand GDP declines by 0.1% Fed takes a pause, but sends hawkish message The New Zealand dollar is in negative territory on Thursday, after surging 0.9% higher on Wednesday. In the European session, NZD/USD is trading at 0.6171, down 0.57%.
15-06-2023 03:29 GMT by Kenneth Fisher
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Podcast - The Fed's Hawkish Skip
OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze the Fed's hawkish skip, updated staff projections, and Fed Chair Powell's presser.  They also preview the ECB rate decision.
14-06-2023 17:17 GMT by Edward Moya
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Euro strength headed into ECB policy meeting
The euro survived a hawkish Fed pause and now faces an ECB rate decision that should contain a rate hike and a promise for more.  The ECB is expected to raise all three of its key rates by 25bps, which would bring the main refinancing rate to 4.o0%.  The ECB will also update their staff projections, which should show some weakness and potentially signal they are nearing the end of their tightening cycle.
14-06-2023 16:32 GMT by Edward Moya
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New Zealand dollar soars ahead of expected Fed pause
Fed is widely expected to hold off increasing rates New Zealand GDP is expected to decline marginally NZD/USD jumps 1.3% The New Zealand dollar has surged today as the markets anxiously await the Fed rate decision later in the day. In the North American session, NZD/USD is trading at 0.6229, up 1.36%. Will Fed pause as expected? All eyes are fixated on the Federal Reserve, which is widely expected to pause its rate hikes after increasing rates ten straight times.
14-06-2023 11:50 GMT by Kenneth Fisher
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AUD/USD rally continues, Fed decision looms
Fed expected to pause rates Australian dollar powers higher Australia releases employment report on Thursday The Australian dollar continues to gain ground and is trading at 0.6795, up 0.42%. The Aussie has been red-hot in June, gaining 4.4%. Australia releases the May employment report early Thursday.
14-06-2023 08:36 GMT by Kenneth Fisher
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British pound extends gains, Fed decision looms
US inflation dips Federal Reserve expected to pause rates BoE feels pressure after sizzling UK jobs report The British pound is in positive territory on Wednesday. In the European session, GBP/USD is trading at 1.2645, up 0.27%.
14-06-2023 07:42 GMT by Kenneth Fisher
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Today’s FOMC will be a key focus for China and Hong Kong stocks
China proxies; Hang Seng Index, Hang Seng TECH, and Hang Seng China Enterprises have outperformed S&P 500 & MSCI All Country Asia ex Japan since 31 May. This outperformance has been reinforced by more impending monetary policy easing measures from China’s central bank, PBoC. The key risk to derail the current bout of animal spirits in China and Hong Kong stocks will be a further upward trajectory of the USD/CNH (offshore yuan). China’s top policymakers are now in a “heightened state of alert” m
14-06-2023 03:02 GMT by Kelvin Wong
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Must the BoE now consider larger rate hikes? Fed on course to pause? Oil bounces back
A truly devastating jobs report for BoE policymakers It's not often that you would refer to a jobs report that delivers a drop in unemployment, record employment and a rise in wages as horrible, but that is exactly what the Bank of England will be feeling today. The central bank has raised interest rates for the last 12 meetings in a row and yet the economy is showing the kind of resilience that few would have anticipated. This creates an enormous headache for the MPC as it desperately wants t
13-06-2023 14:17 GMT by Craig Erlam
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