Forex: All News & Analysis

EUR/USD rebounds as German consumer confidence improves

German consumer confidence rises EUR/USD pushes above 1.10 EUR/USD is trading at 1.1040, up 0.60% on the day German consumer confidence brightens German consumer confidence continued its upswing heading into May. The German GfK consumer sentiment index rose to -25.7, up from -29.3 in April and above the estimate of -27.5 points.

26-04-2023 08:22 GMT by Kenneth Fisher

AUD/USD falls below 0.66 on lower inflation, banking jitters

AUD/USD drops to 6-week low Australian inflation falls in Q4 First Republic shares slide by 50% AUD/USD is trading at 0.6606, down 0.31%. Earlier, AUD/USD fell to a low of 0.6595, its lowest level since March 15th. Australian inflation heads south Australia's inflation levels have been falling and the downward trend continued in the first quarter.

26-04-2023 06:19 GMT by Kenneth Fisher

JPY carry trade: Downside pressure mounts as global demand faces headwinds

Commodities and growth proxies JPY crosses are leading the decline in G10 JPY carry trade basket. A widening of the US high-yield corporate bonds credit spread may spark a higher volatile movement in the JPY crosses. Key US earnings releases from Visa, Microsoft, and Alphabet are indicating slower global demand spending despite expectations beat. FX volatility may start to increase as G10 JPY crosses have shaped significant reversal movements Fig 1: G10 JPY crosses 1-month rolling performanc

26-04-2023 01:11 GMT by Kelvin Wong

Podcast - What will it take for BoJ to withdraw stimulus?

Craig Erlam joins Jonny Hart to discuss the latest on the markets and remarks from the new Bank of Japan Governor, Kazuo Ueda.

25-04-2023 17:09 GMT by Craig Erlam

EUR/USD slips, investors eye German consumer confidence

German consumer confidence projected to improve US consumer confidence slips, housing sales surge EUR/USD is trading at 1.0968, down 0.69% on the day. German consumer confidence expected to improve Germany releases GfK Consumer Sentiment for April on Wednesday. The index is still deep in negative territory, but it has improved for six straight months and the upswing is expected to continue in the upcoming release.

25-04-2023 12:47 GMT by Kenneth Fisher

AUD/USD slips to 2-week low ahead of CPI

AUD/USD is down almost 1% Australian CPI expected to drop to 6.6% UoM Consumer Sentiment falls, US New Home Sales jump The Australian dollar has plunged on Tuesday. AUD/USD is trading at 0.6632, down 0.95% on the day.

25-04-2023 11:03 GMT by Kenneth Fisher

USD/JPY dips lower after BoJ Core CPI rises

BoJ Governor Ueda says BOJ will maintain policy BOJ Core CPI rises to 2.9% US will release UoM Consumer Confidence later today USD/JPY is trading at 133.87, down 0.28% on the day. BoJ Core CPI climbs to 2.9% Inflation in Japan is much lower than what we're seeing in other major economies, but nevertheless, inflation continues to be closely watched by the Bank of Japan. There has been speculation that the central bank will make a shift in policy, given that inflation is above 3%, above

25-04-2023 06:13 GMT by Kenneth Fisher

Weaker dollar boosts oil and gold; Bitcoin remains heavy

Oil tentatively finds a bottom on improving demand optimism Gold stuck in a tight range; hovering around $2000 level Bitcoin traders remain in wait-and-see mode on the regulatory front Oil Crude prices rebounded after a better-than-expected German sentiment report and as energy traders started to see Europe struggle to reliably replace Russian crude supplies. Last week, oil’s rough week had too many holes poked into the short-term crude outlook, but some of that pessimism might go away this we

24-04-2023 15:38 GMT by Edward Moya

GBP/USD drifting continues

British pound showing limited movement UK retail sales fall PMIs show manufacturing decline, services accelerate British pound shrugs off weak retail sales, mixed PMI data The week ended with mixed data out of the UK, and the British pound fell 0.80% but managed to recover and ended the Friday session unchanged. Retail sales fell by 3.1% y/y, matching the estimate and following -3.5% in February.

24-04-2023 11:42 GMT by Kenneth Fisher

USD/JPY extends rally ahead of BOJ Core CPI

USD/JPY climbs for a third straight day BoJ Core CPI will be released Tuesday New BoJ Governor Ueda chairs his first meeting later this week Japan inflation in focus This week's data calendar out of Japan will be dominated by inflation releases and the Bank of Japan's two-day meeting at the end of the week. Traders will be keeping a close eye on BoJ Core CPI, which will be released on Tuesday.

24-04-2023 09:19 GMT by Kenneth Fisher

Canadian dollar hits 3-week low as retail sales decline

Canadian retail sales declined US Manufacturing and Services PMIs accelerated USD/CAD has climbed 200 points in one week USD/CAD continued to rally today but has pared most of those gains. In Europe, USD/CAD is trading at 1.3527 Canada's core retail sales drop The markets were bracing for a weak Canadian retail sales report in February, and the numbers were indeed soft.

24-04-2023 05:17 GMT by Kenneth Fisher

Video - GBP/USD firms after UK inflation and labour market data

Craig Erlam discusses the latest moves in GBP/USD in light of the recent UK labour market and inflation data.

21-04-2023 08:58 GMT by Craig Erlam

EUR/USD - Euro steady after mixed PMI reports, US PMIs next

Services PMIs showed stronger expansion in the eurozone Manufacturing PMIs indicated a stronger decline US PMIs follow later today PMIs point to strong services, weak manufacturing The eurozone released April PMIs today, and the results were a mixed bag. The services and manufacturing sectors continue to show strong divergence, with services showing stronger growth, while manufacturing continues to struggle.

21-04-2023 08:49 GMT by Kenneth Fisher

USD/CAD extends rally, markets brace for weak Canadian retail sales

Canadian retail sales expected to have declined US Services and Manufacturing PMIs projected to have slowed USD/CAD pushes above 1.35 The US dollar is broadly higher today, and USD/CAD has climbed to 1.3530, up 0.40% on the day. The Canadian dollar is on a downturn and has lost close to 200 points since last Friday. Canadian dollar eyes retail sales, US PMIs The week wraps up with key releases on both sides of the border.

21-04-2023 07:20 GMT by Kenneth Fisher

AUD/USD slides on hawkish Fedspeak

AUD/USD has fallen sharply Fed members continue to urge more rate hikes Fed members say inflation still too high The Australian dollar has been relatively quiet during the week but is getting pummelled on Friday. AUD/USD is trading at 0.6685, down 0.84% on the day.

21-04-2023 05:04 GMT by Kenneth Fisher

BoJ may start to give more hints on policy normalization

Japan sticky inflation (excluding fresh food & energy) continued to increase for 10 consecutive months. Flash manufacturing PMI for April has shown signs of bottoming out from contraction. AUD/JPY reversed from key medium-term resistance at 90.70. Market participants in the financial markets will turn their focus to the Bank of Japan’s monetary policy decision outcome next week on Friday, 28 April under the helm of a new Governor, Kazuo Ueda. Why is it important? During a decade-long tenu

21-04-2023 01:13 GMT by Kelvin Wong

Stocks soften as earnings and US data still support more Fed rate hikes

US stocks are declining as earnings and economic evidence suggest wage growth is still too high and will keep inflation sticky. Earnings alone are dragging stocks down as Tesla deals with its margin problem, American Express prepares for loan losses, and after TSMC’s disappointing outlook. Wall Street is staring at a list of Fed speakers that will undoubtedly have to stick to the script that inflation is too high and that they can continue with their rate hiking cycle since banking turmoil h

20-04-2023 14:57 GMT by Edward Moya

EUR/USD - Euro edges higher on hawkish Lagarde comments

Lagarde hints at further rate hikes US unemployment claims rise EUR/USD is drifting ECB's Lagarde warns inflation still too high In the weeks prior to the ECB rate decision in March, ECB President Christine Lagarde practically promised an oversize rate hike of 50-basis points. The ECB delivered the goods as promised, but I suspect that Lagarde may have received some criticism for being too transparent.

20-04-2023 13:18 GMT by Kenneth Fisher

NZD/USD falls to 5-week low as inflation slows

New Zealand inflation fell to 6.7%, lower than expected NZD/USD is down 0.40% and dropped to its lowest level since April 16 Four members of FOMC will speak today New Zealand inflation eases more than expected Policy makers at the Reserve Bank of New Zealand are in a bubbly mood, as New Zealand's inflation rate dropped to 6.7% in the first quarter, beating the market consensus of 7.1%. The RBNZ had braced for an acceleration to 7.3%, so the substantial drop was a welcome surprise. The central

20-04-2023 06:21 GMT by Kenneth Fisher

AUD/USD - Aussie shrugs as business confidence falls, RBA review released

Australian Business Confidence and Business Conditions fall RBA review calls for overhaul of central bank Governor Lowe says willing to continue AUD/USD is almost unchanged, trading at 0.6714 Australian Business confidence declines again The NAB Business Confidence Index declined for a second straight quarter, falling by 4 pts. This missed the estimate of 2 and follows a Q4 2022 reading of -1.

20-04-2023 04:36 GMT by Kenneth Fisher

Forex: all news & analysis