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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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EUR/GBP - Eurozone core inflation falls further, weighing on yields and the euro
Flash HICP in August 5.3% (5.1% expected, 5.3% in July) Flash core HICP in August 5.3% (5.3% expected, 5.5% in July) Key moving average provides resistance once again Eurozone economic indicators this morning have been something of a mixed bag, although traders seem enthused on the back of them rather than disappointed. We've seen regional data over the last couple of days which gave us some indication of how today's HICP report would look and a drop in the core reading in line with expectation
31-08-2023 08:34 GMT by Craig Erlam
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Eurozone core inflation falls, drags euro lower
The euro is lower on Thursday, after a 3-day rally which pushed the currency 1% higher. In the European session, EUR/USD is trading at 1.0861, down 0.57%. Eurozone CPI steady, core CPI falls Eurozone inflation was a mixed bag in August.
31-08-2023 07:54 GMT by Kenneth Fisher
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CHF/JPY Technical: Relentless uptrend movement
Bullish acceleration within long-term secular uptrend to print a fresh all-time high of 166.60 yesterday, 30 August. Current minor pull-back of 102 pips from 166.60 all-time high has almost reached a short-term oversold condition as indicated by the hourly RSI. Key short-term support rests at 165.10. The cross-pair CHF/JPY has continued its impulsive up-move sequence in the month of August where it rallied by +291 pips as of 31 August 2023 at this time of the writing, capping off a relentless b
31-08-2023 04:56 GMT by Kelvin Wong
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NZD/USD yawns as Business Confidence improves
New Zealand business confidence rises ADP Employment Change falls to 177,000 The New Zealand dollar is almost flat on Thursday, trading at 0.5958 in Europe. New Zealand Business Confidence improves again New Zealand's ANZ Business Confidence index accelerated for a fourth straight month in August. The index improved to -3.7, up from -13.1 in July.
31-08-2023 03:59 GMT by Kenneth Fisher
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EUR/USD - No game-changer but US data highlights weaknesses in the economy
ADP posts 177,000 new jobs but traders not convinced US Q2 GDP revised lower to 2.1% (2.4% previously) USD pares six week gains after weaker figures this week The recovery in equity markets appears to have stalled on Wednesday as traders likely eye the big economic releases later in the week. The ADP and revised GDP numbers may attract some attention but they were never likely to have too great an impact. The ADP report has long been ignored as a reliable precursor to the NFP report on Friday a
30-08-2023 13:39 GMT by Craig Erlam
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NZ dollar pares gains, business confidence next
US GDP expanded by 2.1% ADP Employment slides to 177,000 New Zealand business confidence expected to improve The New Zealand dollar posted slight gains on Wednesday but then retreated, after sizzling on Tuesday with gains of 1%. In the North American session, NZD/USD is flat at 0.5970.
30-08-2023 13:07 GMT by Kenneth Fisher
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AUD/USD soars after weak US data, US GDP next
Australian inflation falls to 4.9% US GDP expected to rise to 2.4% The Australian dollar has edged lower on Wednesday after sharp gains a day earlier. In the European session, AUD/USD is trading at 0.6473, down 0.10% on the day. Australia's inflation slips to 4.9% There was good news on the inflation front as July CPI fell to 4.9% y/y, down from 5.4% in June and below the consensus estimate of 5.2%.
30-08-2023 07:52 GMT by Kenneth Fisher
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EUR/USD eyes German, Eurozone CPI reports
Germany to release CPI on Wednesday, Eurozone on Thursday US consumer confidence and jobs data disappoint The euro's mini-rally has run out of steam. EUR/USD climbed 0.80% over the past two days but is trading in negative territory on Wednesday.
30-08-2023 05:47 GMT by Kenneth Fisher
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Euro dips below 1.08 but bounces back after soft US data
Euro slips below 1.08 but recovers German GfK consumer climate falls US consumer confidence and job openings decelerate The euro fell below the 1.08 line on Tuesday after a weak German consumer confidence report but has recovered in the North American session after soft US data. EUR/USD is currently trading at 1.0840, up 0.20%. Germany is the eurozone's largest economy and is considered the powerhouse of the bloc.
29-08-2023 10:55 GMT by Kenneth Fisher
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Australian dollar edges up ahead of inflation report
US releases consumer confidence and job openings later on Tuesday Australia releases CPI on Wednesday The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6437, up 0.12% on the day. China's woes raising concerns in Australia China's economic slowdown is bad news for the Australian economy, which counts China as its biggest export market.
29-08-2023 07:09 GMT by Kenneth Fisher
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Podcast - China property developers' debt woes, US dollar at key juncture as PCE and NFP looms.
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss the current state of China's economy in the light of positive performance seen today, 28 August on the benchmark CSI 300 and Hang Seng stock indices triggered by a 50% reduction in stock trading levy announced on Sunday, its first cut since 2008 Great Financial Crisis. In contrast, China property developers' debt woes still persist as the share price of  China Evergrande plunged by 79% on Monday, their first trading day followin
28-08-2023 13:16 GMT by Kelvin Wong
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EUR/USD slips to 10-week low after soft German business climate
German business climate falls for fourth consecutive month Fed Chair Powell and ECB President Lagarde address Jackson Hole summit The euro has posted limited gains at the start of the trading week. In the North American session, EUR/USD is trading at 1.0803, up 0.08%. German Ifo Business Climate declines The week ended on a sour note as German Ifo Business Climate fell for a fourth straight month in August to 85.7, down from an upwardly revised 87.4 and shy of the market consensus of 86.7.
28-08-2023 11:30 GMT by Kenneth Fisher
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Yen steady as Ueda sticks to script at Jackson Hole
The Japanese yen is trading quietly at the start of the week. In the North American session, USD/JPY is trading at 146.60, up 0.11%. The yen has plunged 3.05% in August against the US dollar and is trading at its lowest levels since November 2022. Powell, Ueda speak at Jackson Hole  There was a degree of anticipation as major central bankers gathered at the Jackson Hole summit.
28-08-2023 10:33 GMT by Kenneth Fisher
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Retail sales gives Australian dollar brief boost
Australian retail sales rebounds with 0.5% gain Fed's Powell keeps door open to further hikes The Australian dollar started the week with gains but then retreated. In the European session, AUD/USD is trading at 0.6408, up 0.09%.
28-08-2023 07:12 GMT by Kenneth Fisher
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AUD/USD Technical: Potential minor countertrend rebound in progress
Medium-term downtrend phase of AUD/USD has reached an oversold condition with downside momentum easing. Key short-term support to watch will be at 0.6385. Intermediate resistance at 0.6490. The price actions of AUD/USD have been oscillating in a medium-term downtrend phase in place since the 17 July 2023 high which has been reinforced by the bearish breakdown of its former medium-term ascending trendline support from 13 October 2022 low on 9 August 2023. So far, the AUD/USD has plummeted by -5
28-08-2023 01:01 GMT by Kelvin Wong
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