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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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Yields surge after surprise BOC hike & on reports Messi signs with Inter Miami
Wall Street has been on a heightened watch to see if major central banks might be unleashing significantly more tightening and over who will sign Leonel Messi?  At the 10am hour in New York, we got answers to both questions.  The BBC reported that Lionel Messi has decided not to return to Barcelona and join Inter Miami.  Inter Miami has been struggling all season long and saw their odds go from 150/1 to 25/1 to win MLS Cup 2023.  If confirmed, this would be massive for consumer spending as MLS g
07-06-2023 11:51 GMT by Edward Moya
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Canadian dollar calm ahead of BoC rate announcement
Bank of Canada likely to pause at today's meeting Fed expected to pause next week The Canadian dollar is unchanged, trading at 1.3400 in the North American session. Bank of Canada expected to hold rates The Bank of Canada meets later today, and the money markets are expecting another pause, which would leave the benchmark rate at 4.5%. The BoC's rate-tightening cycle has been on a "conditional pause", which is another way of saying that rate decisions are data-dependent, especially on inflati
07-06-2023 08:56 GMT by Kenneth Fisher
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Stocks struggle for direction, AUD rises after suprising hawkish hike
Treasury yields edge higher; 10-year rises 2.3bps to 3.706% Apple momentum stalls on skepticism with $3,499 headset VIX touches lowest level since 2021 Stocks After a valiant attempt at entering a bull market, stocks are wavering as Wall Street contemplates how much more tightening will we see by the Fed. ​ Providing some support for equities was news that Secretary of State Blinken is expected to make a visit to China and meet with key officials. ​ Any progress in cooling tensions with the wor
06-06-2023 13:06 GMT by Edward Moya
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Euro edges lower on weak German, eurozone numbers
Eurozone and German releases were softer than expected ECB expected to hike at next week's meeting The euro has edged lower on Tuesday. EUR/USD is trading at 1.0695 in the North American session, down 0.16%. Eurozone and German releases were soft on Tuesday.
06-06-2023 12:07 GMT by Kenneth Fisher
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USD/JPY shrugs after weak Japanese numbers, Japanese GDP next
Japan's consumer spending and income falls in April Ministry of Finance sends warning about weak yen The Japanese yen is steady on Tuesday. In the European session, USD/JPY is trading at 139.81, up 0.18%. Japan's numbers weaker than expected Japanese data disappointed on Tuesday.
06-06-2023 11:04 GMT by Kenneth Fisher
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AUD/USD extends gains after RBA surprise
AUD/USD rally continues for fourth straight day RBA surprises with 25-bp hike Australia releases GDP early Wednesday The Australian dollar continues to roll and has extended its rally on Tuesday. In the European session, AUD/USD is trading at 0.6659, up 0.63% on the day.
06-06-2023 05:14 GMT by Kenneth Fisher
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AUD short-term bulls supported by hawkish RBA and China
RBA surprised again with a 25-bps hike to raise the official cash rate to 4.10% Rumoured China’s property market stimulus measures also created a positive feedback loop back into AUD/USD. Short-term minor uptrend in place for AUD/USD with key resistance to watch at 0.6790. The Aussie dollar has been resilient against the US dollar since last Friday, 2 June ex-post better the expected US non-farms payroll/jobs data for May. The AUD/USD has managed to stage a rally of +1.45% to today's 6 June cur
06-06-2023 01:12 GMT by Kelvin Wong
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The most-hated Bull Market Rally
Apple unveils first large-screen Macbook, faster chip ISM Services Index confirms slowdown is coming S&P 500 testing bull market territory from October lows US stocks are rallying as Apple eyes a record high ahead of the Cupertino developers’ conference. Apple's WWDC is expected to unveil a mixed-reality headset, fresh Macs and macOS 14, iOS 17 and iPadOS 17, and watchOS 10.
05-06-2023 13:37 GMT by Edward Moya
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Japanese yen slips below 140 after US nonfarm payrolls
US nonfarm payrolls surges to 339,000 Japan releases household spending and average cash earnings early Tuesday USD/JPY has drifted lower on Monday and is trading at 139.65, down 0.23%. The yen fell close to 1% on Friday after a sizzling US nonfarm payrolls report. Japan's economy has been showing signs of recovery, notably in manufacturing and services, where the May PMIs accelerated and beat the forecasts.
05-06-2023 12:01 GMT by Kenneth Fisher
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Euro extends losses after sizzling nonfarm payrolls
ECB's Lagarde hints at further rate hikes US nonfarm payrolls surges to 339,000 US unemployment rises to 3.7% The euro has extended its losses on Monday and is trading at 1.0686, down 0.21%. It was a brutal month of May for the euro, which plunged 2.98%. The euro started the month above the 1.10 line but a hawkish Federal Reserve and solid US numbers have boosted the US dollar.
05-06-2023 10:43 GMT by Kenneth Fisher
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AUD/USD edges lower ahead of RBA rate announcement
US nonfarm payrolls surge, unemployment climbs RBA expected to pause at Tuesday's meeting The Australian dollar is coming off a strong week, with gains of 1.35%. AUD/USD has edged lower on Monday, trading at 0.6594, down 0.17%. US nonfarm payrolls surge Friday's US employment report was a reminder that the labour market remains robust.
05-06-2023 06:00 GMT by Kenneth Fisher
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Australian dollar powers higher, nonfarm payrolls next
Australian dollar has surged around 2% since Wednesday US Senate approves debt ceiling bill Nonfarm payrolls expected to drop to 190,000 The Australian dollar is on a tear. AUD/USD jumped 1% on Thursday and has added another 0.86% today and is trading at 0.6629. The US dollar retreated against the majors on Thursday, as news of a debt ceiling agreement raised risk appetite.
02-06-2023 07:23 GMT by Kenneth Fisher
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EUR/USD gains ground on hawkish Lagarde, nonfarm payrolls loom
EUR/USD jumps after Lagarde says core CPI too high US nonfarm payrolls expected to ease to 190,000 The euro is drifting on Friday, trading at 1.0777. EUR/USD posted its strongest one-day performance since late April on Thursday, gaining 0.69%. The driver behind the upswing was a hawkish ECB President Lagarde, who said, "There is no clear evidence that underlying inflation has peaked".
02-06-2023 06:25 GMT by Kenneth Fisher
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Japanese yen steady as markets eye nonfarm payrolls
ECB warns against BoJ normalisation Yen improves after verbal intervention US nonfarm payrolls projected to fall to 190,000 USD/JPY is steady on Friday, trading at 138.95, up 0.11%. The yen has posted four straight days of gains and is up 1.1% this week. The yen has rebounded, after coming close to the 141 line on Tuesday.
02-06-2023 04:47 GMT by Kenneth Fisher
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Swiss franc higher as markets eye US jobs report
SNB's Jordan warns about inflation Fed split on next move US debt ceiling deal sails through House of Representatives The Swiss franc has moved higher on Thursday and is trading at 0.9068 in the North American session, down 0.41%. On Wednesday, the Swiss franc fell as low as 0.9147, its lowest level in two months. SNB's Jordan warns against core inflation remaining above 2% The Swiss National Bank meets on June 22nd and SNB President Jordan had a warning today for the markets.
01-06-2023 13:36 GMT by Kenneth Fisher
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Stocks waver as traders pare back expectations for Fed rate hikes
Disinflation Trends might be back as prices paid plunged 9 points in the ISM manufacturing report ADP Report: Pay growth is slowing substantially Still waiting on layoff announcements to hit jobless claims data US stocks are rising after some dovish Fed speak and as the House was able to advance the debt ceiling bill to the Senate. ​ So far everything with the debt ceiling deal is going as planned after both the House Rules Committee and House of Representatives did their part to get this bill
01-06-2023 11:20 GMT by Edward Moya
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Japanese yen drifts higher, US job numbers in focus
US JOLTS Job Openings beats expectations US nonfarm payrolls follows on Friday Fed members divided on rate policy Debt ceiling agreement approved in House, moves to Senate USD/JPY has edged higher on Thursday, trading at 139.66 in the European session. The yen has recovered after falling as low as 140.93 this week, its lowest level since November. It has been a quiet week in Japan on the economic calendar, with no major releases.
01-06-2023 08:35 GMT by Kenneth Fisher
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