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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 Technical: Potential continuation of the bearish trend
The +326 pips rebound seen in the USD/JPY from the 14 July 2023 low of 137.24 has reached a minor key inflection point. Short-term momentum (hourly RSI) has turned bearish. 60 is the key short-term resistance to watch. This is a follow-up on our prior analysis “USD/JPY Technical: “USD/JPY Technical: Torpedoed down but holding at 200-day moving average” published on 14 July 2023.
20-07-2023 21:59 GMT by Kelvin Wong
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All about Earnings… and some US data
AAII survey shows majority of individuals bullishness hits highest levels since April 2021 Fed swaps suggest peak rate of 5.419% at November meeting (up from yesterday's 5.402%) Dow poised for a 9-day winning streak as the mega-cap tech trade cools The Dow is having its best winning streak since 2019 and what makes this so impressive is that it occurs as the AI trade appears to still be in early cycle. Market breadth seems like it wants to improve as the mega-cap tech trade takes a break. Also
20-07-2023 12:33 GMT by Edward Moya
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USD/CAD gains ground after strong US unemployment claims
US unemployment claims fall to two-month low Canada's retail sales expected to ease on Friday The Canadian dollar started the day with gains but the US dollar has rebounded after a strong unemployment claims report. In the North American session, USD/CAD is trading at 1.3173, up 0.07%. US jobless claims fall to 2-month low US unemployment claims fell last week to 228,000, down from 234,000 and well below the consensus estimate of 242,000.
20-07-2023 11:16 GMT by Kenneth Fisher
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Japanese yen edges up ahead of Japanese inflation report
US employment claims expected to rise Japan's core inflation projected to tick higher BoJ's Ueda says no plans to tighten policy The Japanese yen is trading quietly on Thursday. In the European session, USD/JPY is trading at 139.45, down 0.16%. Japan's core inflation expected to inch higher Japan releases National Core CPI for June on Friday.
20-07-2023 05:14 GMT by Kenneth Fisher
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Stocks rally as earnings keep supporting soft-landing hopes
Apple is reportedly committing to grow its own generative AI tools So far it has been a solid start to earnings season Odds grow for the Fed to be one and done on rates US stocks are rising as soft-landing hopes grow as the regional banks provide stabilization signs and on hopes that inflation will continue to cool.  It doesn’t look like we will see a major credit crunch anytime soon and that could mean good news for the recovery that takes hold next year.  Goldman Sachs delivered an earnings
19-07-2023 13:02 GMT by Edward Moya
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AUD/USD extends slide, Aussie employment report next
AUD/USD continues to slide Australian employment change expected to slow on Thursday The Australian dollar is down sharply on Wednesday. In the North American session, AUD/USD is trading at 0.6774, down 0.55%. For anyone who enjoys strong volatility, look no further than the Australian dollar.
19-07-2023 10:28 GMT by Kenneth Fisher
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GBP/USD - UK inflation data offers hope for the Bank of England
UK CPI falls to 7.9% from 8.7%, core CPI 6.9% from 7.1% BoE base rate seen peaking at 5.75% according to markets GBPUSD slips below 1.30 after the data The inflation in the UK is finally on the decline and in a rare show of good news, it's falling at a faster pace than expected on both the headline and core levels. We haven't been treated to many reports like this over the last couple of years, and even when we have any enthusiasm has quickly been extinguished.
19-07-2023 09:09 GMT by Craig Erlam
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Sterling takes a tumble as inflation falls
UK inflation eases more than expected British pound tumbles close to 1% Pound slides as UK inflation lower than expected The British pound is sharply lower on Wednesday. In the European session, GBP/USD is trading at 1.2916, down 0.92%.
19-07-2023 07:34 GMT by Kenneth Fisher
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A bipolar world of stock market performances
US benchmark stock indices continue to maintain global leadership as its cyclical laggards are now playing catch up to the technology-related Magnificent Seven (Apple, Microsoft, Meta, Nvidia, Telsa, Alphabet & Amazon). The laggard Dow Jones Industrial Average staged a bullish breakout from a 7-month range consolidation supported by strong performances in financials/banking stocks. China’s latest “New Consumption Plan” has failed to spark bullish sentiment in China and Hong Kong benchmark stock
19-07-2023 03:22 GMT by Kelvin Wong
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AUD/USD - Minutes reveal the RBA is undecided on future rate hikes
RBA undecided on future policy moves Markets expect one more hike but not sure when AUDUSD facing significant resistance despite a weaker dollar It's safe to say there's quite a balanced debate taking place at the Reserve Bank of Australia right now, with policymakers torn on whether conditions have become restrictive enough and if a little more will do more harm or good. While markets appear confident that the RBA will hike once more this year, when that will come is far less clear. And as we
18-07-2023 18:13 GMT by Craig Erlam
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GBP/USD edges lower ahead of UK inflation
US retail sales dip, core retail sales rise UK inflation expected to fall The British pound has edged lower on Tuesday. In the North American session, GBP/USD is trading at 1.3038, down 0.27%. UK inflation expected to fall The UK is lagging behind other major economies in the fight to curb inflation.
18-07-2023 13:40 GMT by Kenneth Fisher
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Technicals and Triggers: EUR/USD, USD/JPY, and USD/CAD
EUR/USD excessively overbought? The euro-dollar ascent was mostly a one-way move for most of July.  After inflation eased to the slowest pace in more than two years, the dollar tumbled.  With the Fed entering their blackout period before the July 26th FOMC meeting, the lack of hawkish pushback has allowed the dollar to remain vulnerable to further pain just ahead of the 1.1300 handle.  Bullish momentum has cleared multiple hurdles but the 1.1350 level should prove to be rather strong. While th
18-07-2023 12:47 GMT by Edward Moya
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Canadian dollar flat ahead of CPI, US retail sales
Canada's inflation expected to ease US retail sales projected to improve The Canadian dollar is almost unchanged on Tuesday, trading at 1.3204. USD/CAD should show some life in the North American session, with the release of Canadian inflation and US retail sales. Will Canada's core inflation fall? Canada releases the June inflation report later today, and the Bank of Canada will be hoping for good news.
18-07-2023 07:03 GMT by Kenneth Fisher
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Aussie shrugs after RBA minutes, US retail sales next
RBA minutes point to close call at July decision US retail sales for June expected to climb The Australian dollar has edged lower on Tuesday, trading at 0.6807, down 0.14%. We could see some further movement in the North American session when the US releases retail sales. RBA minutes point to uncertainty about the economy The RBA minutes didn't provide much in the way of insights and the Australian dollar barely showed a muted response.
18-07-2023 05:45 GMT by Kenneth Fisher
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AUD/USD Technical: Short-term potential bullish revival
Cleared above 200-day moving average ex-post US CPI. Short-term uptrend but the medium-term trend is still sideways as it remained below a major descending trendline resistance at 0.6930. Short-term momentum, hourly RSI has turned bullish. This is a follow-up analysis of our prior report, “AUD/USD Technical: Bulls rejected at 20 and 200-day moving averages ahead of US CPI” published on 12 July 2023. Click here for a recap. Above the 200-day moving average but still below a major descending tren
18-07-2023 00:16 GMT by Kelvin Wong
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AUD/USD edges lower ahead of RBA minutes, Lowe is out
Australian dollar soared over 2% last week RBA minutes to be released on Tuesday RBA Governor Lowe will be replaced by Michelle Bullock The Australian dollar has started the week in negative territory. In the European session, AUD/USD is trading at 0.6816, down 0.32%.
17-07-2023 10:19 GMT by Kenneth Fisher
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