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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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Eurozone inflation data brings some relief for the ECB but tightening cycle likely not over
European stocks are ending the week on a high, buoyed by another encouraging inflation report that will soon support the end of the ECBs tightening cycle. Not only did the headline HICP rate fall further than expected, but the slight rebound at the core level - driven largely by unfavourable base effects, largely attributed to German transport subsidies last year - was lower than expected.
30-06-2023 08:43 GMT by Craig Erlam
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USD/CAD flat ahead of Canadian GDP
Canada release GDP on Friday US publishes Core PCE Price Index, UoM Consumer Sentiment on Friday The Canadian dollar is flat on Friday, trading at 1.3258 in the European session. Will Canada's GDP shake up the Canadian dollar? Canada releases GDP for May later on Friday. The consensus stands at 0.2% m/m, which translates into 2.4% annualized, a respectable gain.
30-06-2023 06:14 GMT by Kenneth Fisher
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Japanese yen flirts with 145, Core CPI ticks upwards
Japanese yen briefly falls below 145 line Tokyo Core CPI rises to 3.2% US GDP revised higher,  unemployment claims slide USD/JPY is showing limited movement, trading at 144.62 in the European session. The yen briefly fell below the symbolic 145 line earlier today. Tokyo Core CPI inches higher Tokyo Core CPI, a key inflation gauge, moved slightly higher in June.
30-06-2023 05:09 GMT by Kenneth Fisher
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Bullish US stocks and bearish JPY at risk of pain trade in H2
Significant up move in G-20 2-year sovereign bond yields except for Japan & China. US 2-year Treasury yield may eye the next immediate resistance at 5.20%. Higher cost of funding in H2 may deflate current optimism in US stocks. Japan’s finance officials have ratcheted up verbal intervention to talk down USD/JPY strength. Welcome to June month-end, Q2 2023-end, and H1 2023-end where three different periods of closing coincide at the same time which tends to lead to higher volatility in certain a
30-06-2023 03:02 GMT by Kelvin Wong
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Oil prices recovering, gold falls below $1900 on strong US data
Oil continues to consolidate amid an uncertain economic outlook Oil prices are continuing to recover on Thursday after falling back toward their range lows on Wednesday. The gradual consolidation that we're seeing in crude doesn't appear to be nearing an end, with the price simply fluctuating between the range highs and lows over the last couple of months. The uncertainty around inflation, interest rates, and therefore the economy may well be behind that as investors have frequently been caught
29-06-2023 12:55 GMT by Craig Erlam
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Euro unchanged ahead of German CPI
Lagarde signals ECB rate hike in July Germany releases inflation report later on Thursday Eurozone inflation report follows on Friday EUR/USD is unchanged on Thursday and is trading at 1.0912 in the European session. German CPI  Germany releases the June inflation report later today. Inflation in the eurozone's largest economy fell to 6.1% in May, down sharply from 7.2% in April.
29-06-2023 05:14 GMT by Kenneth Fisher
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Japanese yen falls below 144, Ueda and Powell talk policy
Ueda, Powell participating in panel at ECB Bank Forum Japanese yen slips below 144 US consumer confidence surges higher USD/JPY continues to push higher and is closing in on the 145 line. In the North American session, the yen is trading at 144.60, up 0.37%. Will Ueda provide any clues at ECB Bank Forum? It's a quiet day on the data calendar, with no important US releases.
28-06-2023 11:03 GMT by Kenneth Fisher
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EUR/USD - Will Lagarde shake up the euro?
German consumer sentiment falls ECB's Lagarde will participate in a panel discussion on policy EUR/USD has edged lower on Wednesday. In the European session, EUR/USD is trading at 1.0939, up 0.20%. German consumer confidence dips The German GfK Consumer Sentiment report found that consumer confidence is expected to fall in July to -25.4, down from a downwardly revised -24.4 in June.
28-06-2023 08:24 GMT by Kenneth Fisher
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All eyes on the ECB forum as central bank heads join panel discussion
Equity markets are cautiously higher in Europe while the US is poised to open relatively flat as we await appearances from the heads of the Fed, ECB, BoE and BoJ. Fed Chair Jerome Powell, ECB President Christine Lagarde, BoE Governor Andrew Bailey, and BoJ Governor Kazuo Ueda are due to take part in a panel discussion at the ECB Forum on Central Banking around the opening bell in the US and their comments could set the tone for the rest of the day.
28-06-2023 08:02 GMT by Craig Erlam
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AUD/JPY Technical: Minor downtrend remains intact
Recent two weeks of price actions in AUD/JPY have evolved into a minor downtrend. Key resistance on the minor downtrend stands at 96.00. Near-term supports are at 94.80 and 94.00. This is a follow-up on our earlier analysis, “AUD/JPY Technical: At the risk of a minor pull-back” dated 19 June 2023. Click here for a recap. The AUD/JPY has dropped as expected and almost hit the 94.80 support (printed a current intraday low of 95.15 in today’s Asia session). Today’s fall in the AUD/JPY has been r
28-06-2023 06:08 GMT by Kelvin Wong
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Aussie slides to 3-week low as CPI falls sharply
Australian inflation declines more than expected AUD/USD slides in response to the inflation report US Consumer Confidence jumps The Australian dollar is sharply lower on Wednesday. In the European session, AUD/USD is trading at 0.6636, down 0.75%.
28-06-2023 05:55 GMT by Kenneth Fisher
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China’s booster from Premier Li Qiang may not last
China’s Premier Li Qiang’s morale booster speech during yesterday’s opening of the World Economic Forum’s 14th Annual Meeting of the New Champions ignited a bullish tone in China’s stock market. USD/CHH (offshore yuan) retreated from 7.2500 key intermediate resistance after PBoC’s indirect FX intervention yesterday. USD/CNH may strengthen further which may trigger another round of downside pressure in China-related equities. China’s Premier Li Qiang, also the Head of the State Council that dire
28-06-2023 01:53 GMT by Kelvin Wong
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Technicals and Triggers – USD/JPY
USDJPY Yen sellers remain in control as traders become skeptical that Japan officials follow through on intervention threats. The yen has steadily weakened this quarter on US economic resilience and as the BOJ vowed to keep rates low for now along with a weak signal for a chance of future hike. Dollar Technicals The dollar index could be flashing an oversold signal and that could lead to further bets against the yen and not necessarily with European currencies that might see much more tighten
27-06-2023 15:54 GMT by Edward Moya
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USD/CAD pares gains, Canadian inflation eases
Canada's inflation rate eases US Durable Goods Orders accelerate The Canadian dollar spiked and gained 50 points after Canada released the May inflation report but has pared these gains. USD/CAD is unchanged at 1.3158. Canadian inflation heads lower Canada's inflation rate fell sharply in May to 3.4%, down from 4.4% in April.
27-06-2023 09:32 GMT by Kenneth Fisher
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CHF/JPY Technical: Rallied above 43-year high
Current impulsive up move of CHF/JPY has cleared above major resistances of 157.98 & 158.45. Short-term momentum remains bullish. 159.90 is the key short-term support to watch. The CHF/JPY cross has continued to its relentless rally as it broke above key resistance levels; 157.98 (the high obtained right during the EUR/CHF unpegged shock in January 2015) and 158.45 (Oct 1979 major swing high). Broke above Oct 1979 major swing high of 158.45 Fig 1: CHF/JPY long-term secular trend as of 27 Jun
27-06-2023 06:56 GMT by Kelvin Wong
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AUD/USD pushes higher, CPI next
Australian inflation expected to slow in May The inflation report will have a significant impact on RBA decision in July The Australian dollar is in positive territory on Tuesday. AUD/USD rose as high as 50 pips earlier but has pared these gains and is trading at 0.6685, up 0.16%. The Australian dollar is showing some life after last week's awful performance, in which it declined by 2.87%. Markets eye Australian CPI On Wednesday, Australia releases the monthly inflation report for May.
27-06-2023 05:48 GMT by Kenneth Fisher
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