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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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USD/JPY - yen gains ground as core inflation slows
Japan's core CPI eases in July The decline supports expectations that BoJ will maintain policy USD/JPY has dipped lower on Friday The Japanese yen has extended its gains on Friday. In the North American session, USD/JPY is trading at 145.29, down 0.38%. The month of August has been kind to the US dollar, which has posted strong gains against all of the major currencies.
18-08-2023 10:19 GMT by Kenneth Fisher
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Australian dollar lower on Evergrande bankruptcy
The Australian dollar's slide continues Evergrande bankruptcy raises contagion fears It has been all red for the Australian dollar, as AUD/USD has closed lower for eight straight days and declined 230 basis points during that time. The downswing has continued on Friday, as AUD/USD is trading at 0.6390 in the European session, down 0.20%.
18-08-2023 07:51 GMT by Kenneth Fisher
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British pound edges lower on soft retail sales report
UK retail sales post a sharp decline Rainy weather and high prices weighed on consumer spending The British pound has given up ground on Friday after several days of modest gains. In the European session, GBP/USD is trading at 1.2736, down 0.07%. UK retail sales decline more than expected The weather in the UK continues to have a major impact on consumer spending.
18-08-2023 06:20 GMT by Kenneth Fisher
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Dollar dip might be temporary if US outlook remains robust
Walmart CEO is more optimistic about spending patterns  than he did 3 months ago Dollar's five-day rally halted as yen and yuan rebound Fed could remain in hiking mode if economic resilience prevents inflation from coming down Now that we heard from Walmart, it is clear that the US consumer is still willing to spend. Expectations for robust consumer spending in Q3 have been confirmed and that should keep growth estimates trending higher.  With COVID savings still expected to be used over the ne
17-08-2023 11:53 GMT by Edward Moya
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GBP/USD: Pound rally continues as Gilts drop and on dragonfly doji formation
UK 10-year government bond yield surges to a 15-year high US 10-year real yields approach 14-year high Dollar also lower on rebounding yen and yuan The British pound is still rallying from the latest inflation that suggests sticky core inflation will keep the BOE in tightening mode.  With the global bond market selloff being the dominant theme on Wall Street, traders are noticing Gilt yields are standing out.  With FX traders pricing in three more rate hikes by the BOE, it seems that could be t
17-08-2023 11:35 GMT by Edward Moya
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Japanese yen rebounds, key inflation data next
Japanese yen rebounds, but intervention worries remain Japan releases July inflation on Friday The Japanese yen has bounced back on Thursday after failing to post a winning day since August 4th. In the North American session, USD/JPY is trading at 145.92, down 0.30%. USD/JPY has been the worst performer among the major currencies over the past month, declining about 7%.
17-08-2023 10:21 GMT by Kenneth Fisher
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GBP/USD rises ahead of UK retail sales
UK retail sales expected to slip in July Fed minutes note concern about inflation The British pound has extended its gains on Thursday. In the North American session, GBP/USD is trading at 1.2772, up 0.32%. UK retail sales expected to decline The UK will wrap up a busy week with retail sales on Friday.
17-08-2023 09:05 GMT by Kenneth Fisher
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Australian dollar extends losses
AUD/USD touches 9-month low Australian job growth slips Fed minutes note concern about inflation The Australian dollar has been on a nasty slide. Earlier, AUD/USD fell as low as 0.6364, a nine-month low, before recovering.
17-08-2023 07:05 GMT by Kenneth Fisher
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USD/JPY Technical: Bullish tone resumes, 148.20/85 next resistance to watch
USD/JPY cleared above 145.50/146.10 resistance that confluences with BoJ’s FX intervention conducted on 22 September last year. Primary driver of USD/JPY rallies has been a weak Chinese yuan and rising sovereign yield premium of the 10-year US Treasury over the 10-year JGB. The next medium-term resistance to watch will be at 148.20/85 on the USD/JPY. This is a follow-up analysis of our prior report, “USD/JPY Technical: Lethargic bulls below 145.50” published on 14 August 2023.
17-08-2023 01:58 GMT by Kelvin Wong
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USD/JPY: Dollar rallies as Fed sees significant upside risks with inflation
Fed officials at the June 26th meeting saw significant upside risks A couple of officials wanted to keep rates on hold Before the Minutes release the yen fell to levels that triggered intervention last September At 3am Tokyo time (2pm NY), Japanese officials watched the yen weaken to the dollar following the release of the Fed Minutes.  The dollar index hit a two-month low as Fed officials remain worried about inflation and are still positioned to deliver more tightening.  Only two Fed voters w
16-08-2023 14:31 GMT by Edward Moya
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GBP/USD pushes higher as inflation drops to 6.8%
UK inflation drops but core rate remains steady US dollar gets lift from strong retail sales The British pound has posted considerable gains on Wednesday. In the North American session, GBP/USD is trading at 1.2754, up 0.39%. UK inflation drops sharply but core CPI unchanged The UK released the July inflation report today and the readings were a mixed bag.
16-08-2023 10:30 GMT by Kenneth Fisher
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GBP/AUD: Bullish run extends as England ends Matildas mania
UK core inflation remains elevated at 6.9% and above the consensus estimate of 6.8% BOE expected to raise rates another by almost 75 bps more in this tightening cycle Aussie downside extends over China's economic struggles World Cup Final Match Set England has advanced to its first Women’s World Cup final with a 3-1 victory over co-host Australia.  Soccer mania was embraced in Australia as the women’s soccer team’s put up an impressive run that fell two wins short of becoming champions.  The Ma
16-08-2023 10:22 GMT by Edward Moya
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New Zealand dollar rises after RBNZ maintains cash rate
RBNZ holds cash rate at 5.5%, as expected New Zealand dollar stems slide The New Zealand dollar is in positive territory on Wednesday in the aftermath of the Reserve Bank of New Zealand's decision to maintain interest rate levels. In the European session, NZD/USD is trading at 0.5965, up 0.25%.
16-08-2023 07:23 GMT by Kenneth Fisher
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NZD/USD Technical: Minor downtrend intact ahead of RBNZ
The Kiwi is the worst-performing currency among the majors where it depreciated by -7.1% against the USD on a rolling one-month basis. RBNZ Is expected to maintain its OCR at 5.50% since the last interest hike in May. Watch the key medium-term support of 0.5900/5860 where the downside momentum of NZD/USD may start to pause after declining for six months. New Zealand central bank, RBNZ will announce its latest monetary policy decision today at 0200 GMT.
15-08-2023 21:29 GMT by Kelvin Wong
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USD/CAD rises despite quickening Canadian CPI; Commodities stumble except for Natural Gas
Headline Canadian inflation surges above BOC's 1-3% target range Mixed report as core inflation falls to 9-month low European Natural Gas skyrockets on fears Aussie labor strikes could disrupt 10% of global LNG exports Canadian CPI The Canadian dollar initially rallied after the July inflation rose back the Bank of Canada’s inflation-control target range of 1% to 3%. ​ This was not entirely hot as both core readings remained subdued.
15-08-2023 13:02 GMT by Edward Moya
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GBP/USD: BOE to hike further after hot wage data, US stocks struggle on China and banking concerns
Record UK wage growth keeps the pressure on the BOE to deliver more tightening PBOC rate cut surprise shows officials growing concern with the property crisis Fitch warns US banks could face downgrades Record wage growth will keep the pressure on the BOE to deliver more tightening. The economy still has a tight labor market as companies need to pay their employees more money.  The rise in the unemployment rate was due to more people returning to the workforce.  Average pay excluding bonuses
15-08-2023 12:31 GMT by Edward Moya
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Canadian dollar steady despite rise in inflation
Canada's inflation rises to 3.3% US retail sales climb 0.7%, core rate soars 1% The Canadian dollar is showing limited movement on Tuesday. In the North American session, USD/CAD is trading at 1.3477, up 0.13%. Canada's inflation jumps Canada released the July inflation report earlier today.
15-08-2023 11:10 GMT by Kenneth Fisher
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