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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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Swiss franc eases ahead of Swiss inflation report
Swiss inflation projected to fall to 1.6% ADP Employment blows past estimate The Swiss franc has extended its losses on Wednesday. In the North American session, USD/CHF is trading at 0.8795, up 0.50%. Swiss inflation expected to fall to 1.6% Swiss National Bank President Jordan has often complained that inflation remains too high, although other central bankers, who are grappling with much higher inflation, would be happy to change places.
02-08-2023 09:45 GMT by Kenneth Fisher
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New Zealand dollar sinks after soft jobs report
New Zealand unemployment rate rises NZD slide continues ADP Employment report smashes estimate The New Zealand dollar has extended its losses on Wednesday. In the European session, NZD/USD is trading at 0.6093, down 0.91%.
02-08-2023 08:58 GMT by Kenneth Fisher
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Japanese yen gain rebounds after dovish remarks from BoJ
BoJ says no plans to exit easy monetary policy US to release ADP Employment report on Wednesday USD/JPY rebounds The Japanese yen has reversed a nasty three-day slide on Wednesday. In the European session, USD/JPY is trading at 142.75, down 0.40%. BoJ says monetary easing to continue The BoJ triggered some turmoil in the currency markets last week when it unexpectedly eased its yield curve control.
02-08-2023 06:45 GMT by Kenneth Fisher
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AUD/USD and Commodities decline as Dollar rally resumes
Traders push back RBA rate hike bets until November WTI and Brent crude implied volatility falls to lowest since 2020 Turkey unloads significant portion of gold holdings The Australian dollar tumbled after the RBA kept rates on hold again and signaled they might be done tightening.  Given most economists expected a hike, aussie-dollar was ripe for a plunge.  US dollar strength also supported the decline after the Treasury increased their net borrowing estimate. Oil The oil price rally is re
01-08-2023 15:01 GMT by Edward Moya
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USD pares gains after data suggest wage pressures are softening
Dollar rises to three-week high (low for euro) as labor market cools Atlanta's GDPNow index rises to 3.87%, up from 3.55% Manufacturing contracts for a ninth straight month The US dollar pared some its earlier gains after the JOLTS and ISM manufacturing employment component supported a Fed skip in September, possibly confirming hopes that they could be done tightening.  The dollar was rallying against the euro as equities tumbled over mixed earnings and over concerns the US soft landing needs t
01-08-2023 12:13 GMT by Edward Moya
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Japanese yen extends losses against dollar
The Japanese yen continues to slide and is down 1.41% this week. In Tuesday's European session, USD/JPY is trading at 143.16, up 0.64%. Dollar/yen powers above 143 The yen continues to lose ground against the US dollar.
01-08-2023 08:40 GMT by Kenneth Fisher
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Australian dollar takes a tumble as RBA pauses
RBA pauses rates Australian dollar slides 1.3% ISM Manufacturing PMI expected to remain in negative territory The Australian dollar continues to swing wildly this week. In Tuesday's European session, AUD/USD is trading at 0.6630, down 1.30%.
01-08-2023 06:12 GMT by Kenneth Fisher
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A “data-dependent” RBA does not bode well for Aussie bulls
Australia's central bank, RBA has kept its policy cash rate unchanged at 4.1% for the second consecutive month. The tonality of the latest monetary policy implies that RBA is now data-dependent, and indirectly acknowledged the negative adverse lagged effects of higher interest rates towards economic growth. Overall, RBA may continue to remain on hold on its policy cash rate at 4.1% for the rest of 2023 which in turn negates any potential major bullish movement of the AUD/USD. Expectations of in
01-08-2023 02:26 GMT by Kelvin Wong
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AUD/USD Technical: Hovering below the 200-day moving average as RBA looms
AUD underperformed among the major currencies against the USD from 27 to 28 July 2023 ex-post FOMC, ECB, and BoJ. Split view among economists and interest rates traders on RBA monetary policy decision today. Short-term bearish downside momentum at this juncture as the AUD/USD failed to trade above the 200-day moving average. Key short-term resistance on AUD/USD is at 0.6740. This is a follow-up analysis of our prior report, “AUD/USD Technical: Rebounded right at 200-day moving average” publishe
31-07-2023 23:01 GMT by Kelvin Wong
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Dollar dips after SLOOS signals tightening lending standards across all categories
4.8% of Large & Mid-market firms in July say conditions tightened considerably, up from 3.2% in April. Commercial and Industrial loans for medium and large firms saw an increase in tightening terms (50.8% vs 46% prior) Fed rate cut odds for the December 13th meeting remained around 17.5% The Fed July Senior Loan Officer Survey (SLOOS) on Bank Lending Practices highlighted a that tightening lending standards occurred across all categories.  The impact from the Fed's tightening cycle is clearly i
31-07-2023 14:33 GMT by Edward Moya
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Oil and loonie flying high together again
Oil poised for best monthly performance since early 2022 Net-long positions in WTI  rise to highest levels in 3 months Goldman says global oil demand has surpassed peak set just before COVID-19 USD/CAD Canadian dollar Oil and the loonie are flying high again as global growth prospects improve and on optimism the Fed is done tightening.  The Canadian dollar was weakening last week on fears that the BOC's tightening cycle is starting to weigh on the economy.   That outlook might change if China
31-07-2023 13:27 GMT by Edward Moya
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Dollar wavers ahead of SLOOS
Eurozone Q2 GDP returned to growth with a 0.3% advance reading (prior revised higher to 0.0%). Eurozone core inflation held steady at 5.3% Stocks have a flat session as traders await NFP Friday US stocks are wavering ahead of a key Fed survey that should show loan growth is weakening and that the economy should steadily weaken.  The Senior Loan Officer Opinion Survey (SLOOS) will tell us how top lending officers feel about the credit outlook. The US dollar isn’t making any major moves as Wall
31-07-2023 13:16 GMT by Edward Moya
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Euro shrugs as eurozone GDP, core CPI accelerate
Eurozone core inflation surprises on the upside Eurozone GDP accelerates to 0.3% The euro is showing little movement on Monday. In the North American session, EUR/USD is trading at 1.1023, up 0.06%. It has been a wild ride for the euro over the past two weeks.
31-07-2023 11:41 GMT by Kenneth Fisher
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Yen slides to 3-week low vs dollar as BoJ buys JGBs
BoJ announces JGB purchases Japanese yen's slide continues The Japanese yen has extended its slide on Monday and is trading at 142.22, down 0.75% against the US dollar. BoJ surprises with JGB purchases The Japanese yen continues to show sharp volatility, which can be attributed directly to moves by the Bank of Japan. On Friday, the BoJ caught the markets by surprise and loosened its yield curve control policy.
31-07-2023 10:35 GMT by Kenneth Fisher
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AUD/USD rebounds on stronger inflation release
Australian MI Inflation gauge jumps 0.8% AUD/USD climbs 0.80% RBA expected to pause rates on Tuesday The Australian dollar has started the week with strong gains. In the European session, AUD/USD is trading at 0.6708, up 0.91%.
31-07-2023 06:38 GMT by Kenneth Fisher
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EUR/GBP Technical: Recent downside momentum subsided
The 4-hour RSI oscillator has traced out a bullish divergence condition at its oversold region. A break above the 50-day moving average now acts as a 0.8600 intermediate resistance may rekindle another leg of short-term rebound for EUR/GBP. The next resistance stands at 0.8720 which is also the 200-day moving average. The recent 157 pips slide seen on the EUR/GBP cross pair from its 0.8701 high printed on 19 July 2023 to 27 July 2023 intraday low of 0.8544 has managed to find support at the fo
31-07-2023 05:48 GMT by Kelvin Wong
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Week Ahead - BoE to keep hiking, US jobs and eurozone inflation eyed
With inflation steadily cooling, the Fed’s historic tightening campaign appears to be ending.  The focus on Wall Street won’t just be inflation but now also economic activity.  The upcoming week will be filled with several economic readings.  On Monday, we will see two Fed regional surveys.  The MNI Chicago PMI is expected to slightly improve while the Dallas Fed manufacturing activity report remains deeply in negative territory.
28-07-2023 15:17 GMT by Craig Erlam
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EUR/USD rebounds after sharp losses
EUR/USD rebounds after 1% fall on Thursday US GDP for Q1 beats expectations The euro has bounced back on Friday after sliding 0.99% a day earlier. In the European session, EUR/USD is trading at 1.1018, up 0.38%.
28-07-2023 08:52 GMT by Kenneth Fisher
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