OANDA Group
CFXS
Newsletter
Open hamburger menu

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.

MPCE-0070-Podcast-Thumbnail-Dark–1280x720.png
Podcast - Chinese trade figures, UK retail sales, Zoom
OANDA Senior Market Analyst Craig Erlam joined Jonny Hart to discuss how financial markets are trading following the release of Chinese trade data and UK retail sales. They also covered Zoom's decision to revise its flexible working policy.
08-08-2023 09:47 GMT by Craig Erlam
ChinaAustralia.jpg
AUD/USD maintains bearish trend on disappointing China data
China's exports post worst plunge since February 2020 China's imports from Australia fell 10.9% y/y, which was a major reversal from the 6.2% gain seen last month Also adding pressure on AUD was PBOC fixing, which sent the yuan to weakest level in almost a month Global economic recovery suffers major blow on China woes Commodity currencies across the board tumbled after China’s trade data signaled global economic is in trouble over the short-term.  A steadily improving Chinese economic recover
08-08-2023 06:10 GMT by Edward Moya
Keyboard-With-Japanese-yen-jpy-China-Yuan.jpg
USD/JPY rises as BoJ confirms easy policy
BoJ Summary of Opinions takes note of higher inflation US job report a mixed bag The Japanese yen has started the week in negative territory. In the European session, USD/JPY is trading at 142.36, up 0.42%. BoJ says monetary easing to continue Inflation continues to be a key issue for the Bank of Japan, although it is much lower than in other major economies, at around 3%.
07-08-2023 11:44 GMT by Kenneth Fisher
AdobeStock_292861919-scaled.jpeg
Strong dollar sends oil and gold lower; AUD declines on expected Chinese weakness
China increased gold holdings for a ninth straight month in July Oil unfazed as Ukraine sea attack Russian oil tanker didn't lead to a major disruption Dollar supported amidst bond supply concerns; 10-year Treasury yield rises 3.8bps to 4.074% Oil Crude prices are lower following a surge in the US dollar and as Saudi Arabia anticipates a bumpy road for the crude demand.  The Saudis are raising prices across most of Asia and Europe, with the Arab light crude only being boosted by 30 cents, which
07-08-2023 11:13 GMT by Edward Moya
dollar-1362244_1280.jpg
Hawkish Fed speak boosts dollar across all the board
Fed's Bowman reiterates that more hikes might be need to bring down inflation German Industrial Production fell to a 6-month low US inflation data expected to support a September pause, but possible coin flip for the November meeting The US dollar is stronger across the board as the bond market selloff returns, sending the 10-year Treasury yield 6.9 basis points higher to 4.103%. After a mixed jobs report (slower job growth pace but higher wages) this week is all about an inflation report that
07-08-2023 09:10 GMT by Edward Moya
Australian-Dollar-Symbol-flag-aud-aussie.jpg
Australian dollar calm after rough week
RBA says decision to pause was close call Australia to release confidence data on Tuesday US employment report a mixed bag The Australian dollar is coming off another rough week, with losses of 1.17%. The currency has looked dreadful, losing close to 300 points since July 17th.
07-08-2023 06:35 GMT by Kenneth Fisher
loonie-canadian-dollar-flag-gold.jpg
Loonie rallies as wages accelerate and oil price rally continues
Canada lost 6,400 jobs in July as the unemployment rate rose for a third straight month Canadian wage pressures jump to 5.0%, which might not let policymakers signal that the peak in rates is in place Crude prices rally for a sixth straight week on OPEC+ determination to keep oil market tight USD/CAD The past few weeks have not been kind to the Canadian dollar, but that could be changing.  The general rise in the dollar has stemmed from concerns over the US debt situation.  With both the Fed
04-08-2023 12:53 GMT by Edward Moya
AdobeStock_203524402.jpeg
Dollar dips as labor market slowdown bolsters case that the Fed is done raising rates
USD/JPY declines on expectations BOJ will let rates rise quickly Fed rate cut bets fully priced in by March meeting; implied rate stands at 5.123% Fed’s Bostic noted US employment gains are slowing in an orderly manner, no need for tightening NFP Day  The US economy should continue to gradually weaken as the labor market softens.  This labor market report showed 187,000 jobs were added to the economy, while wage pressures heated up, and as the unemployment rate dipped to 3.5%.  This NFP report
04-08-2023 10:36 GMT by Edward Moya
JeffYouTubeNonFarms.jpg
USD/CAD shrugs after soft nonfarm payrolls
Canada added a negligible 1700 jobs in July US nonfarm payrolls almost unchanged at 187,000 The Canadian dollar is showing limited movement on Friday. In the North American session, USD/CAD is trading at 1.3360, up 0.06%.
04-08-2023 09:27 GMT by Kenneth Fisher
australian-dollar-aussie-flag-3d.jpg
Aussie steady after RBA Policy Statement, US NFP next
RBA policy statement says inflation high but declining Money markets betting on a pause in September US nonfarm payrolls expected at 200,000 The Australian dollar has stabilized but it has been a rough week, with losses of 1.37%. In Friday's European session, AUD/USD is trading at 0.6558, down 0.04%. RBA says inflation high but moving in right direction The Reserve Bank of Australia released its quarterly policy statement earlier today.
04-08-2023 07:06 GMT by Kenneth Fisher
AdobeStock_147938531.jpeg
EUR/USD flat ahead of nonfarm payroll report
German Factory Orders jump 7.0% US nonfarm payrolls expected to dip to 200,000 The euro is almost unchanged on Friday, trading at 1.0952. We could see some movement in the North American session, with the release of US nonfarm payrolls. The euro has shown sharp swings lately.  EUR/USD climbed to 1.1275 on July 18th, its highest level since February 2022.
04-08-2023 04:35 GMT by Kenneth Fisher
AdobeStock_110507722-1-scaled-e1705423250835.jpeg
Strong USD sends gold to a 3-week low
Crude prices rally after Saudis signal output cuts can be extended or deepened Gold struggles as bond market selloff extends; 10-year Treasury rises 11.4bps to 4.191% Bitcoin's tight range narrows to $28,900 to $30,100 Oil Crude prices rallied after the Saudis did what everyone expected them to do, they extended output cuts.  The Saudis are doing whatever it takes to defend oil prices and that could mean we could be seeing $90 oil soon.  The only thing getting in oil’s way is a weakening global
03-08-2023 15:35 GMT by Edward Moya
AdobeStock_83642256-scaled.jpeg
Global Bond Market Selloff Extends after BOE signals more tightening ahead
BOE rate hike odds for the September 21st meeting stand at 87.3% The VIX index trades above 16, to the highest levels in two months FX Volatility starts to pick, Canadian dollar index rises to nine-month high Wall Street is watching a global bond market selloff get uglier as US stocks waver ahead of massive earnings from Apple and Amazon. A lot of economic data confirmed how resilient the US economy remains.
03-08-2023 15:22 GMT by Edward Moya
Swiss-Franc-Bank-Notes.jpg
Swiss franc bounces back after inflation eases
Swiss inflation ticks lower to 1.6% US nonfarm payrolls expected to dip to 200,000 on Friday The Swiss franc is in positive territory on Thursday. In the North American session, USD/CHF is trading at 0.8738, down 0.41%.
03-08-2023 13:40 GMT by Kenneth Fisher
canadian-dollar-loonie-coins.jpg
Canadian dollar stabilizes after sharp slide
Canada to release July employment report on Friday US nonfarm payrolls expected to dip to 200,000 on Friday The Canadian dollar is almost unchanged on Monday, trading at 1.3357 in the North American session. Canada's job numbers expected to remain solid Canada releases the July employment report on Friday and June's stellar data will be hard to beat. The economy created 59,900 jobs in June, driven by a massive gain of 109,600 full-time jobs (part-time jobs fell by 49,800).
03-08-2023 11:22 GMT by Kenneth Fisher
AdobeStock_71618530-scaled.jpeg
GBP/USD Technical: Sell-off almost reached key support ahead of BoE
The recent weakness seen in the GBP is due to a broad-based strength in the US dollar as a short-term safe haven refuge triggered by global risk-off behaviour. The accumulated 462 pips decline seen in the GBP/USD since the 14 July high of 1.3142 has almost reached the key medium-term support of 1.2630. A clearance above 1.2740 on the GBP/USD may negate the current bearish tone. The GBP/USD has shed an accumulated 462 pips in the past three weeks from its current 52-week high of 1.3142 reach
03-08-2023 01:37 GMT by Kelvin Wong
cfd-stockmarket.jpg
King Dollar returns and takes down Commodities and their Currencies
USD surges as 10-year Treasury rises 4.4bps to 4.067%, highest level since November Oil unable to rally after US crude stockpiles dropped by a record 17 million barrels last week Gold slumps after hot ADP report keeps markets divided on whether Fed will tighten again AUD/USD, NZD, USD, and USD/CAD are all seeing a tentative return of the king dollar trade.  The dollar is rallying on safe-haven flows following Fitch's US sovereign rating downgrade.  The surge in Treasury yields is also supportin
02-08-2023 14:01 GMT by Edward Moya
1 … 134 135 136 … 233