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.

audusd_aud_aussie_up1.jpg
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
AdobeStock_484775519_Editorial_Use_Only-3-scaled.jpeg
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
Japanese-Yen-Currency-euro-jpy-usd-dollar.jpg
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
euro-keyboard-golden.jpg
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
reserve_bank_australia.jpg
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
Australian-dollar-focus.jpg
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
AdobeStock_78502085-scaled.jpeg
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
JPY-3d.jpg
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
Swiss-Franc-Bank-Notes.jpg
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
AdobeStock_58798059-scaled.jpeg
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
japanese-yen-jpy-usdjpy-japan.jpg
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
AdobeStock_563329473-1-scaled.jpeg
EUR/USD falls to 5-week low as inflation eases
Eurozone inflation falls sharply Debt ceiling deal sails through House of Representatives JOLTS Job Openings beats expectations The euro has edged higher on Thursday, trading at 1.0708, up 0.19%. The currency remains under pressure as the US dollar is flexing some muscles.
01-06-2023 06:01 GMT by Kenneth Fisher
310523-MPEM-0028-Podcast-1.png
Podcast - Rising Fed rate hike expectations
OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart and Trader Nick. They discuss today's debt ceiling vote, a hot JOLTS report, China's PMI report, and Australia's sticky inflation data. **Note this was recorded before Fed's Jefferson comment about pausing at the next meeting.
31-05-2023 16:09 GMT by Edward Moya
wall-street-4847634_1920.jpg
Stocks lower as debt deal and more Fed tightening has economy recession bound
US stocks are falling as the expected debt deal will prove to be negative for the economy as limited spending along with more Fed tightening will send the economy to a recession at the end of the year. ​ The US doesn’t look like it will default, but recession worries, possibly stagflation risks, will make life hard for risky assets. ​ Debt Vote The divided House will soon vote on the bill, needing a 218-vote majority for it to advance to the Senate. ​ Voting is expected to start at 330pm est an
31-05-2023 15:57 GMT by Edward Moya
Usd-Jpy-Exchange-Rate.jpg
Japanese yen crawls back above 140
Japanese retail sales and industrial production soften A possible snap election in Japan could delay any BoJ move House to vote on debt ceiling deal USD/JPY is almost unchanged on Wednesday, trading at 139.73. The yen has improved since dropping as low as 140.93 this week, its lowest level since November. Japanese numbers were softer than expected.
31-05-2023 09:53 GMT by Kenneth Fisher
usa-canada-dialogue-speech-talks-flag.jpg
Canadian dollar edges lower ahead of Canadian GDP
Canada to release GDP US debt ceiling deal off to Congress The Canadian dollar is trading close to a two-month low, as the currency remains under pressure. USD/CAD is trading at 1.3646 in the European session, up 0.34%. Canada's GDP expected to improve in Q1 Canada releases GDP later today, and the markets are projecting a modest 0.4% q/q for the first quarter, after flatlining in Q4 2022.
31-05-2023 06:24 GMT by Kenneth Fisher
Australian-Dollar-Symbol-flag-aud-aussie.jpg
AUD/USD slips on soft Chinese PMIs, Aussie inflation jumps
RBA's Lowe says inflation fight not over Australian inflation rises to 6.8% US Treasury yields fall on debt ceiling deal Australian inflation rose in the first quarter, but the Australian dollar is considerably lower today due to soft China PMI reports. AUD/USD is trading at 0.6481, down 0.54%.
31-05-2023 04:47 GMT by Kenneth Fisher
china-stock-market-equities.jpg
China’s deflationary spiral bumps up FX risk aversion
China’s NBS Manufacturing and Non-Manufacturing PMIs for May have increased the risk of a deflationary spiral in China. A weaker Chinese yuan may be required to counter and smooth the adverse effects of the deflationary spiral at least in the short-term. Risk aversion has resurfaced in the FX market via weakness seen in the G-10 JPY crosses. In stark contrast to the recent findings of China’s manufacturing sector survey done by China Beige Book, a US-based data provider that has indicated a reb
31-05-2023 02:08 GMT by Kelvin Wong
1 … 146 147 148 … 232