Forex: All News & Analysis

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

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

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

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

USD/JPY - Yen slides to 7-month low after Fed, BOJ meeting next

Fed delivers a hawkish pause Bank of Japan meets on Friday Japanese yen falls sharply The Japanese yen has taken a tumble on Thursday. In the European session, USD/JPY is trading at 141.24, up 0.81%.

15-06-2023 04:49 GMT by Kenneth Fisher

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

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

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

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

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

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

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

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

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

EUR/USD rises to 2-week high as US inflation falls

US inflation falls to 4.0% Fed widely expected to pause rates on Wednesday ECB projected to raise rate on Thursday EUR/USD is in positive territory on Tuesday, trading at 1.0803, up 0.42% on the day. US inflation falls to 4.0% The US dollar is down on Tuesday as US inflation eased in May. CPI dropped from 4.9% to 4.0%, just below the consensus of 4.1%, its lowest level since March 2021.

13-06-2023 13:31 GMT by Kenneth Fisher

GBP/USD rebounds on strong UK job numbers, US inflation drops

UK job numbers shine US inflation falls to 4% Fed widely expected to pause rates The British pound has pushed higher today, courtesy of a strong employment report. In the North American session, GBP/USD is trading at 1.2592, up 0.64%. UK job market flexes muscles The UK labour market remains robust, and today's employment numbers were higher than expected. The economy created 250,000 jobs, up from 182,000 crushing the consensus of 162,000.

13-06-2023 09:37 GMT by Kenneth Fisher

Aussie edges higher despite lukewarm confidence data, US inflation next

Australian consumer confidence holds steady, business confidence falls US inflation expected to ease Inflation release could be a game-changer for Fed decision on Wednesday The Australian dollar remains on a roll and is trading at 0.6775, up 0.35% on the day. The Aussie has been a tear in June, surging 4.15% against the US dollar. Australia released lukewarm confidence data today, but that didn't put a crimp in the Australian dollar's upswing, which has continued for a fourth straight day.

13-06-2023 04:17 GMT by Kenneth Fisher

Bull market rally continues ahead of CPI and the Fed

Tech trade remains strong, sending the S&P 500 to a 13-month high Ahead of the May inflation report, Fed swaps are pricing a 23.8% chance the Fed will raise rates on Wednesday Dollar and Treasury yields edge higher US stocks are rallying ahead of a massive macro week that contains a key inflation reading, some major central bank rate decisions, and many important economic readings. The bull market rally looks like it doesn’t want to stop, which means Wall Street appears confident that the F

12-06-2023 15:32 GMT by Edward Moya

Euro drifts higher with eye on German Economic Sentiment, US Inflation

There are no tier-1 events in the eurozone or the US today German ZEW Economic Sentiment expected to decline further on Tuesday US releases CPI on Tuesday, Fed rate decision on Wednesday The euro is showing little movement on Monday trading at 1.0755, up 0.05% on the day. German confidence expected to drop Germany releases ZEW Economic Sentiment on Tuesday and the index is expected to decline to -13.1 in June, down from -10.7 in May. The index fell into negative territory for the first time

12-06-2023 11:40 GMT by Kenneth Fisher

GBP/USD loses ground, markets eye UK employment and US CPI data

There are no UK or US tier-1 releases on Monday On Tuesday, UK releases jobs data and BoE's Bailey testifies before House of Lords committee US releases inflation data on Tuesday, with Fed rate announcement on Wednesday The British pound has started the week quietly. Tuesday promises to be busy, with key releases on both sides of the pond.

12-06-2023 08:31 GMT by Kenneth Fisher

Forex: all news & analysis