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.

Japanese yen extends gains, Fed rate decision looms

The Japanese yen is showing some strength this week and has gained 1.1%, rebounding from the previous week's plunge of 2.2%. In Wednesday's European session, USD/JPY is trading at 140.23, down 0.49%. Spotlight on Fed, BoJ meetings The US and Japanese central banks will be on center stage this week, with the Fed meeting later on Wednesday and the Bank of Japan on Friday. The Fed is widely expected to raise rates today by 0.25%, which would bring the Fed Funds rate to a range of 5.25% to 5.50%.

26-07-2023 08:01 GMT by Kenneth Fisher

Aussie slips as inflation falls, Fed expected to hike

Australian inflation falls more than expected Fed widely expected to raise rates by 0.25% on Wednesday The Australian dollar is in negative territory on Wednesday. In the European session, AUD/USD is trading at 0.6758, down 0.49%.

26-07-2023 05:46 GMT by Kenneth Fisher

Canadian dollar struggles to rise alongside oil

USD/CAD little changed ahead of FOMC decision Canadian dollar was fourth-worst performer in the Group-of-10 currencies. Oil rallies on improved global outlook and Chinese stimulus Gold awaits the Fed decision Commodities and some commodity currencies caught a bid after China policymakers signaled more stimulus would soon help their struggling recovery, but that didn't help the Canadian dollar. Canada's largest export has seen oil prices catch a bid over the past month, while the loonie has

25-07-2023 15:25 GMT by Edward Moya

FTSE - China Stimulus Promise, Unilever Rallies After Results, Fed and ECB eyed

Chinese stimulus hopes fails to lift the FTSE Unilever among best performers in the index after reporting earnings UK100 not far from all-time highs It's been another relatively flat session for equity markets, with investors seemingly having one eye on the Fed and ECB later in the week despite a strong showing in Chinese stocks earlier in the day. They were lifted by the promise of Chinese stimulus following the Politburo meeting this week and some potential relief for property market.

25-07-2023 12:46 GMT by Craig Erlam

AUD/USD jumps ahead of Australian inflation

Australian inflation expected to slow in Q2 US consumer confidence jumps AUD/USD rises sharply The Australian dollar has gained ground on Tuesday. In the North American session, AUD/USD is trading at 0.6783, up 0.65%. Australian inflation expected to decelerate Australia releases the second-quarter inflation report on Wednesday.

25-07-2023 11:27 GMT by Kenneth Fisher

Technical and Triggers: FOMC/Earnings Playbook for Nasdaq, USD/JPY, & NZD/USD

Earnings give stocks one last boost before the FOMC decision Consumer Confidence surges to a 2-year high Dow eyes longest winning streak in six years Volatility should be elevated this week as we have a key FOMC meeting and peak earnings season. So far, the trade has been for the money flow to continue go into small stocks, with some lowering their exposure to mega-cap tech trade. This earnings week has the potential to drive the recession-based pullback that seems to have evaded us this year

25-07-2023 10:59 GMT by Edward Moya

Euro extends losses as German business confidence declines

The euro continues to lose ground and is in negative territory on Tuesday. In the European session, EUR/USD is trading at 1.1036, down 0.26%. German Ifo Business Climate dips Germany continues to post soft numbers this week, pointing to weakness in the eurozone's largest economy.

25-07-2023 09:44 GMT by Kenneth Fisher

Japanese yen shrugs as BoJ Core CPI ticks lower

The Japanese yen has taken traders on a roller-coaster ride for much of July, but the yen has been calm so far this week. In Tuesday's European session, USD/JPY is trading at 141.36, down 0.08% on the day. BoJ's inflation gauge dips to 3.0% The Bank of Japan's preferred inflation indicator, BoJ Core CPI, ticked lower to 3.0% in June, down from 3.1% in May and matched the consensus estimate.

25-07-2023 06:32 GMT by Kenneth Fisher

AUD/USD Technical: Rebounded right at 200-day moving average

AUD is the biggest gainer (+0.22%) against the USD in today’s Asian morning session. The current rebound of the AUD/USD has taken shape right at the key 200-day moving now acting as support at 0.6700. Intermediate resistance for the AUD/USD stands at 0.6835. This is a follow-up analysis of our prior report, “AUD/USD Technical: Short-term bullish revival” published on 18 July 2023.

24-07-2023 22:40 GMT by Kelvin Wong

Oil reaches 3-month high, Gold and Bitcoin edge lower

Oil Crude prices are tentatively breaking out as expectations remain for the oil market to remain tight despite all global weakness that is emerging. The rally in crude oil is impressive as it occurs as Europe is looking very weak right now, the US is slowing down, and China’s Politburo isn’t expected to unveil major stimulus this week. Oil is also getting a boost from Wall Street as optimism grows the end of the Fed’s rate hiking campaign appears it could be here. With Europe lagging by a c

24-07-2023 14:29 GMT by Edward Moya

British pound extends losses after soft UK PMIs

British pound extends losses UK manufacturing and services PMIs decline in July The British pound continues to lose ground. In the North American session, GBP/USD is trading at 1.2822, down 0.23%.

24-07-2023 11:51 GMT by Kenneth Fisher

EUR/USD and USD/JPY in focus post flash PMIs; Bitcoin falls below $29.5k

It was surprisingly a busy weekend as Spain delivered a close national election, Barbie showed us the economy is still partying, Chevron reported impressive earnings, and as expectations turn downbeat for China to deliver significant stimulus this week. Despite all the headlines, overnight both S&P 500 futures and the dollar were mostly little changed until the release of the flash PMIs. EUR/USD tumbles after weak eurozone PMI data The euro declined below the 1.1120 level against the dollar aft

24-07-2023 10:31 GMT by Edward Moya

EUR/USD under pressure after soft PMIs

The euro has started the week in negative territory. In the North American session, EUR/USD is trading at 1.1083, down 0.38%.

24-07-2023 10:11 GMT by Kenneth Fisher

Yen rebounds after rough week, US Manufacturing PMI next

The Japanese yen has bounced back on Monday. In the European session, USD/JPY is trading at 141.27, down 0.40%.

24-07-2023 05:11 GMT by Kenneth Fisher

Week Ahead - Bracing for next week's earnings, rate decisions, and major economic data

US The Fed is expected to resume raising rates at the July 26th FOMC meeting. Fed funds futures see a 96% chance that the central bank will deliver a quarter-point rate rise, bringing the target range to between 5.25% and 5.50%, almost a 22-year high. The Fed delivered 10 straight rate increases and then paused at the June FOMC meeting. The Fed is going to raise rates on Wednesday and seems poised to be noncommittal with what they will do in September. The economic data has been mixed (str

21-07-2023 14:00 GMT by Edward Moya

Podcast - A Big Week Ahead (BOJ, ECB, Fed, Earnings, Major US data)

OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to discuss the drop in the yen after a YCC report, recap some of this week's big macro themes and talk commodities.

21-07-2023 12:47 GMT by Edward Moya

Morning Movers: Yen tumbles as BOJ expected to keep YCC intact, Nasdaq's rebalancing

USD/JPY Yen dives on reports BOJ sees little need to adjust YCC Central bank-a-palooza was supposed to start next week, but traders got a head start after reports surfaced that the BOJ saw little urgency to adjust their yield curve control program (YCC). It looks like FX traders are expecting the BOJ to maintain their ultra-loose monetary policy and for the Fed to deliver a quarter-point rate rise and to have a wait-and-see approach about the September meeting. The Japanese yen is the we

21-07-2023 10:15 GMT by Edward Moya

British pound dips despite rebound in retail sales

UK retail sales rise in May Former Fed Chair Bernanke says Fed hikes could be done after July The British pound is in negative territory on Friday. In the European session, GBP/USD is trading at 1.2824, down 0.34%.

21-07-2023 08:22 GMT by Kenneth Fisher

USD/CAD flat ahead of Canadian retail sales

Canada's retail sales expected to slow Former Chair Bernanke says the July hike may be the last increase The Canadian dollar is trading quietly on Friday. In the European session, USD/CAD is trading at 1.3157, down 0.09%. It has been a busy week in the currency markets, with the US dollar rebounding and posting strong gains against the major currencies.

21-07-2023 07:11 GMT by Kenneth Fisher

Japanese yen sinks as inflation rises

Japan's core inflation rises in June USD/JPY jumps over 1% The US dollar continues to rally as the Japanese yen is down for a fourth straight day. In Friday's European session, USD/JPY is trading at 141.93, up 1.33%. The yen has taken investors on a roller-coaster ride.

21-07-2023 04:48 GMT by Kenneth Fisher

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