OANDA Group
CFXS
Newsletter
Open hamburger menu

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.

frozen-euro.jpg
Euro drops to 7-week low, will PMIs surprise?
Eurozone consumer confidence unchanged at -17 Eurozone services and manufacturing PMIs to be released on Tuesday The euro is trading quietly at the start of the week, just above the 1.08 line. EUR/USD stabilized on Friday, after a 3-day skid which saw the euro drop as low as 1.0760, its lowest level since March 28th. Today features a very light data calendar, with only one release in Europe and none out of the US.
22-05-2023 10:56 GMT by Kenneth Fisher
japanese-yen-jpy-usdjpy-japan.jpg
Japanese yen drifting ahead of BOJ Core CPI
BoJ Core CPI expected to ease USD/JPY steadies after extended slide In Monday's European session, USD/JPY is steady, trading at 137.90. The yen gained 0.53% on Friday, after a nasty slide last week in which it fell 440 points and hit a six-month low. BoJ Core CPI expected to inch lower Inflation has become a hot topic for Japanese policy makers, which marks a sea-change after years of deflation.
22-05-2023 06:34 GMT by Kenneth Fisher
AdobeStock_563329473-1-scaled.jpeg
Finally some Debt-Limit Drama, Powell paves the way for a pause
Fed discord to grow as inflation shows signs of stickiness 10-year Treasury yield rises 2.1bps to 3.667% Wall Street eyes potential September rate cut US stocks turned negative after key negotiators for Speaker Kevin McCarthy left a closed door debt ceiling meeting with White House representatives noting that they were not being “reasonable.” Finally, we are seeing posturing and some heated debate for this debt deal.  A big risk for debt-limit talks were that negotiations were too easy and that
19-05-2023 13:09 GMT by Edward Moya
shopping_street_sales.jpg
British pound rises as consumer confidence improves
UK Consumer Confidence hits 15-month high BoE's Bailey warns of wage-price spiral The British pound has pushed higher on Friday. GBP/USD is trading at 1.2449 in North America, up 0.32% on the day. The week is wrapping up on a positive note, as UK GfK Consumer Confidence index improved for a fourth straight month.
19-05-2023 09:50 GMT by Kenneth Fisher
canada-usa-speech-talk-debate.jpg
USD/CAD - Will retail sales weigh on the Canadian dollar?
Canadian retail sales expected to decline Fed Chair and two FOMC members will speak later The Canadian dollar is trading quietly ahead of a key retail sales report later today. USD/CAD is trading in Europe at 1.3484, down 0.13%. Markets brace for soft Canadian retail sales The Canadian consumer is holding tightly to their wallet, which is not all that surprising in the current economic climate.
19-05-2023 06:43 GMT by Kenneth Fisher
AdobeStock_159420517.jpeg
Oil and gold both take a tumble
Oil Crude prices are sliding as the dollar rallies on bets that the Fed might not be tightening. ​ Good news for the economy is now bad news for the crude demand outlook as economic resilience will force the Fed to kill the economy. Oil is becoming an easy trade, as it will track the dollar and not so much anything else.
18-05-2023 13:28 GMT by Edward Moya
Keyboard-With-Japanese-yen-jpy-China-Yuan.jpg
USD/JPY - Yen sinks to 6.5 month low, is 140 next?
USD/JPY punches to its highest level since November 2022 Japan eyes Core CPI The Japanese yen's woes continue, as the currency has plunged a massive 400 points over the past week. In Thursday's North American session, the yen is trading at 138.52, up 0.60% on the day.
18-05-2023 12:01 GMT by Kenneth Fisher
london_double_decker_city.jpg
Traders unmoved by BoE comments, US outlook a concern despite better data
MPC grilled as the central bank continues to fight double-digit inflation We heard from some Bank of England policymakers earlier as they were grilled by the Treasury Select Committee on quantitative tightening, among other things naturally. Bailey and colleagues were quite consistent in their messaging and it's probably what the Governor said on Wednesday that raised a few eyebrows as he insinuated that the UK could be seeing a wage-price spiral which could complicate returning inflation to 2%
18-05-2023 11:50 GMT by Craig Erlam
uk-flag-united-kingdom-union-jack.jpg
GBP/USD slips as US debt ceiling crisis eases
BoE Governor Bailey warns of wage-price spiral, testifies before Treasury Committee Markets lower odds of a Fed pause in June BoE Bailey says UK in wage-price spiral On Wednesday, Bailey had a hawkish message for the markets, saying that he would tighten policy if there was evidence that inflation pressures remained persistent. Bailey warned that the UK was in the midst of a wage-price spiral.
18-05-2023 10:34 GMT by Kenneth Fisher
Australian-dollar-focus.jpg
AUD/USD under pressure after soft Aussie employment
Australia's employment change declines Markets lower expectations of a Fed pause in June The Australian dollar has resumed its downswing on Thursday after taking a pause a day earlier. AUD/USD is trading at 0.6641 in Europe, down 0.26% on the day. Australian employment slips Australia's April employment report surprised to the downside today, sending the Australian dollar lower.
18-05-2023 06:33 GMT by Kenneth Fisher
AdobeStock_88976159-1.jpeg
British pound drifts lower, markets eye Bailey testimony
BoE Governor Bailey to testify before Treasury Committee on Thursday Fed says remains open to rate hikes JP Morgan expects Fed to cut rates Will monetary hearings shake up British pound? The Bank of England will be in the spotlight on Thursday, as Governor Bailey testifies before the Treasury Committee. Lawmakers will likely pepper the Governor with questions about red-hot inflation, which remains in double-digits despite the BoE's aggressive tightening.
17-05-2023 11:56 GMT by Kenneth Fisher
Japanese-Yen-Currency-euro-jpy-usd-dollar.jpg
USD/JPY - Japan's GDP improves but yen slips
USD/JPY climbs above 137 Japan's GDP surprises to the upside JP Morgan expects Fed to trim rates The Japanese yen is on a four-day losing streak and is in negative territory on Wednesday. In the North American session, the yen is trading at 137.39, up 0.74% on the day. Japan's GDP beats estimate Japan's GDP in the first quarter was higher than expected.
17-05-2023 10:12 GMT by Kenneth Fisher
Australian-Dollar-Symbol-flag-aud-aussie.jpg
Australian dollar calm after wage growth accelerates
Australia wage growth accelerates in Q1 JP Morgan expects Fed to trim rates The Australian dollar is steady on Wednesday. AUD/USD is trading at 0.6650 in Europe, down 0.06% on the day. Australian wage growth rises Australia's wage price index jumped in the first quarter.
17-05-2023 06:07 GMT by Kenneth Fisher
usd-jpy.jpg
USD/JPY continues rally ahead of Japanese GDP
USD/JPY continues to rally Japan releases GDP on Wednesday Fed members warn that more rate hikes on the table USD/JPY continues to rally and is up for a fourth straight day and has gained an impressive 230 points during that time. USD/JPY is up 0.37% on the day, trading at 136.62. Japan releases GDP for second-quarter growth early on Wednesday.
16-05-2023 12:04 GMT by Kenneth Fisher
Jobs.jpg
GBP/USD calm after mixed UK jobs report, US retail sales
UK wage growth, unemployment claims accelerate Fed members warn higher rates still on the table After three straight days of sharp movement, the pound has settled down on Tuesday and is slightly lower, trading at 1.2496. UK wages accelerate, unemployment rises Is the UK labour market showing signs of strain? Today's employment numbers are pointing in that direction.
16-05-2023 11:18 GMT by Kenneth Fisher
1 … 144 145 146 … 228