Forex: All News & Analysis

USD/JPY - Yen surges ahead of Fed rate decision

Fed likely to raise rates by 25 bp Bank turmoil continues as two US regional banks see shares plunge USD/JPY has declined by 1% The Japanese yen continues to show strong volatility, which started on Friday. In the North American session, USD/JPY is trading at 135.14, down 1.04% on the day. Fed expected to deliver final rate hike The Federal Reserve will announce its rate decision later today, and the markets are confident that the Fed will raise rates by 25 basis points, which would bring the

03-05-2023 11:38 GMT by Kenneth Fisher

New Zealand dollar hits 2-week high, Fed poised to hike

New Zealand's job numbers beat estimates Fed widely expected to deliver 25-bp hike NZD/USD extends gains NZD/USD has extended its gains and is trading at 0.6219, up 0.18%. Earlier, NZD/USD touched a high of 0.6249, its highest level since April 19. New Zealand employment data shines New Zealand's labour market hasn't missed a step, despite the Reserve Bank of New Zealand's aggressive tightening campaign.

03-05-2023 08:49 GMT by Kenneth Fisher

Australian dollar pares back gains, RBA's Lowe defends rate hike

RBA Governor Lowe defends rate hike Fed expected to hit rate trigger The Australian dollar is almost unchanged on Wednesday, with AUD/USD trading at 0.6658. RBA's Lowe says rate hike was needed The RBA decision to raise rates by 25 basis points caught the markets off guard, as expectations were high that the central bank would pause rates for a second straight month. The move has raised eyebrows, as just one month ago, the RBA took a pause, saying it needed to monitor the effects of 10 consec

03-05-2023 06:20 GMT by Kenneth Fisher

New Zealand Dollar higher ahead of employment data

New Zealand to release employment for Q4 NZD/USD hits 2-week high Fed expected to raise rates NZD/USD is considerably higher on Tuesday, trading at 0.6203, up 0.57%. Earlier, NZD/USD rose as high as 0.6218, its highest level since April 19th. New Zealand job numbers expected to remain strong New Zealand's labour market has remained robust, despite relentless tightening from the Reserve Bank of New Zealand, which has raised rates to 5.25%.

02-05-2023 10:00 GMT by Kenneth Fisher

EUR/USD shrugs as Eurozone inflation steady

Eurozone inflation almost unchanged German retail sales fall by 2.5% Markets upwardly revise odds of Fed hike to 96% EUR/USD is trading quietly at 1.0966, down 0.09%. German retail sales fall by 2.5% The German consumer continues to hold tight to the purse strings, as March retail sales declined by 2.4%, compared to a consensus of 0.4% and -1.3% in February. This marked the fourth decline in five months.

02-05-2023 07:28 GMT by Kenneth Fisher

AUD/USD - Aussie soars after RBA shocks with 25-bp hike

RBA unexpectedly raises rates by 25 bp AUD/USD jumps 1% Federal Reserve widely expected to follow with 25 bp hike The Australian dollar has racked up sharp gains today. In the European session, AUD/USD is trading at 0.6691, up 0.93%. RBA surprises with 25 bp hike, Aussie surges The Reserve Bank of Australia has a knack for surprising the markets, and today's rate hike certainly qualified.

02-05-2023 06:07 GMT by Kenneth Fisher

RBA Update: An unexpected hike triggered a squeeze on AUD/USD

RBA surprised the market with a 25 basis points hike to bring the policy cash rate to 3.85% Emphasis on inflation targeting over concerns about the heightened risk of slower growth AUD/USD breached above the 50-day moving average, resurgence of short-term upside momentum. The Reserve Bank of Australia (RBA) has surprised market participants’ view of a second consecutive pause of its key policy cash rate with a hike of 25 basis points to bring it to 3.85%. Concerns about sticky inflation and ent

02-05-2023 02:19 GMT by Kelvin Wong

AUD/USD: Bulls capped by weak China manufacturing PMI & RBA

ASX 30-day interbank cash rate futures implied a further pause in the RBA cash rate through 2023. A contraction in China NBS Manufacturing PMI for Apr may reinforce RBA’s cautious stance. AUD/USD remains below the downward-sloping 50-day moving average. The Reserve Bank of Australia (RBA) will decide later today on its latest monetary policy decision where the market participants are expecting a second consecutive pause on the key policy cash interest rate at 3.60% after it hiked ten times from

02-05-2023 00:29 GMT by Kelvin Wong

Strong dollar weakens commodities, Cryptos lower as banking drama dies down

Poor PMI data from China drive crude demand concerns Gold struggles as yields surge; 10-year Treasury yield rises 14.4 basis points to 3.566% Bitcoin falls 3.8% to $28,200 Oil The ISM manufacturing report showed prices paid surged to the highest level since July as steel, copper, plastics, aluminum and diesel. The economy appears to be weakening at a slower pace and that should be good news for the crude demand outlook. Crude prices are paring losses on optimism the economy can strengthen now

01-05-2023 14:44 GMT by Edward Moya

AUD/USD jumps, RBA likely to pause

Markets widely expect RBA to pause rates Fed expected to raise rates by 25 bp US ISM Mfg. PMI contracts but beats estimate The Australian dollar has started the week with gains.

01-05-2023 11:30 GMT by Kenneth Fisher

USD/JPY extends gains post-BoJ meeting

Bank of Japan meeting weighing on yen JP Morgan buys First Republic assets USD/JPY continues to rally and is trading at 136.84, up 0.40%. BoJ signals change is coming The Bank of Japan didn't change any policy settings at Friday's meeting, which was the first to be chaired by New Governor Kazuo Ueda. The yen took a tumble of 1.3% and the downward spiral has continued on Monday, with USD/JPY rising as high as 136.98.

01-05-2023 08:26 GMT by Kenneth Fisher

USD/CAD - Canadian dollar edges lower ahead of US, Canadian Mfg. PMIs

Canada's GDP rose 0.1% in March US, Canada to release Manufacturing PMIs After a 2 day mini-rally, the Canadian dollar is lower on Monday. In the European session, USD/CAD is trading at 1.3569, up 0.20%. Canada's GDP ekes out 0.1% gain Canada's GDP came in at a paltry 0.1% in February, missing the 0.2% estimate and weaker than the upwardly revised 0.6% in January, according to Statistics Canada.

01-05-2023 06:01 GMT by Kenneth Fisher

Week Ahead - Brace Yourself (Fed, ECB, NFP, Peak Earnings)

US This week will be extremely busy as we have an FOMC decision, the nonfarm payroll report, peak earnings season, all while Wall Street keeps an eye on the banking industry to see if any news stresses arise. The FOMC meeting is expected to have policymakers deliver one more quarter-point rate rise, possibly leaving the door open for one more. Disinflation trends need to show they are firmly entrenched for the Fed to take their foot off the tightening pedals.

28-04-2023 15:42 GMT by Edward Moya

Podcast - Inflation and Wage data seal the deal for next week's Fed rate hike

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart and our new co-host Trader Nick. They discuss the Fed's favorite inflation gauge and wage readings, big oil earnings, the BOJ rate decision, cryptos and preview the week ahead.

28-04-2023 15:29 GMT by Edward Moya

EUR/USD dips below 1.10 after weak German GDP, inflation next

German and eurozone GDP slowed and missed the estimates Markets await US Core PCE Price Index, German CPI EUR/USD is trading at 1.0983 in the European session, down 0.39% on the day German CPI expected to remain steady The trading week wraps up with key inflation releases on both sides of the pond. Germany, the bellwether of the eurozone, releases CPI later today.

28-04-2023 07:13 GMT by Kenneth Fisher

USD/CAD climbs to 1-mth high ahead of Canadian GDP

Canada's GDP expected to slow in March US releases Core PCE Price Index US/CAD hits 1-month high The Canadian dollar is down sharply ahead of the North American session. In Europe, USD/CAD is trading at 1.3652, up 0.45%.

28-04-2023 06:32 GMT by Kenneth Fisher

USD/JPY surges after BoJ maintains policy, inflation rises

Bank of Japan maintains monetary policy BoJ removes forward guidance and announces policy review Tokyo Core CPI rises higher than expected USD/JPY soars USD/JPY has jumped 1.3% today and is trading at 135.74. Earlier, the yen touched a low of 135.86, its lowest level since March 10th. BoJ holds policy but changes guidance Today's Bank of Japan meeting was closely watched, as New Governor Ueda chaired his first meeting.

28-04-2023 04:55 GMT by Kenneth Fisher

BoJ: maintained ultra-easy policy but scrapped forward guidance

No change on key policy short-term interest rate and limits of the Yield Curve Control programme. Scrapped forward guidance to maintain the interest rate at current or lower levels Need one and half-year to conduct a review of monetary policy guidance. USD/JPY and Nikkei 225 rallied; watch the 135.30 key short-term resistance on USD/JPY. The Bank of Japan has maintained its key policy short-term policy interest rate as expected at -0.10% and kept the limits of its Yield Curve Control (YCC

28-04-2023 01:23 GMT by Kelvin Wong

USD/JPY: Will BoJ throw in a shock surprise?

JGB futures implied volatility has ticked lower. Tokyo core inflationary data for April has continued to accelerate, above BoJ’s target for 11 consecutive months. USD/JPY is testing key short-term range support at 133.20.

27-04-2023 23:52 GMT by Kelvin Wong

EUR/USD - US Preliminary GDP dips, German CPI next

US GDP slips to 1.1% in the fourth quarter US unemployment claims fall sharply First Republic Bank struggling to survive Markets await US Core PCE Price Index, German CPI EUR/USD is trading at 1.1021, down 0.18% on the day. US GDP declines, jobless claims fall Today's US releases were a mixed bag. Preliminary GDP in the first quarter slowed to 1.1%, following a downwardly revised 2.6% gain in the fourth quarter and well short of the estimate of 2.0%.

27-04-2023 11:41 GMT by Kenneth Fisher

Forex: all news & analysis