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.

Wall Street ready for a long weekend, Jobless Claims confirms labor market weakness is here, Canada Jobs Impress

Wall Street looks like it is ready for both a long weekend and a nonfarm payroll report that will likely show labor market weakness is happening. Stocks wavered most of the session as investors refrained from massive positioning before this shortened trading week wraps up. Some traders however don’t want exposure in case we get an upside surprise with the jobs report, just like Canada did today. Stocks settled higher as job softness and Fed Bullard's comments suggest monetary policy is almost

06-04-2023 13:55 GMT by Edward Moya

Video - NZD/USD rallies after weaker US jobs data and a hawkish RBNZ

OANDA Senior Market Analyst Craig Erlam looks ahead to the US jobs report after JOLTS job openings came in softer than expected, talks about the RBNZ decision to hike by 50 basis points, and gives his analysis on the NZDUSD chart.

05-04-2023 17:27 GMT by Craig Erlam

USD/CAD - Canadian dollar eyes Canada's job report

The Canadian dollar has edged lower ahead of the North American session. On the economic front, the US releases ADP Employment Change and the ISM Services PMI later today.

05-04-2023 08:21 GMT by Kenneth Fisher

NZD/USD surges briefly after RBNZ hikes by 50 basis points

The New Zealand dollar is showing sharp movement on Wednesday after the Reserve Bank of New Zealand shocked the markets and raised rates by 50 basis points. In the US, JOLTS Jobs Openings was below expectations, raising concerns about the strength of the US labour market. In the European session, NZD/USD is trading at 0.6296, down 0.24%. RBNZ stuns markets with oversize hike The RBNZ gets the prize for shocker of the week, after the central bank delivered a 50-bp hike.

05-04-2023 06:58 GMT by Kenneth Fisher

US jobs report eyed as weaker JOLTS data signal slack appearing in labour market

Equity markets are treading water in the middle of the week as investors weigh up what is next for the Fed following the surprise decline in JOLTS job openings, how much further the RBNZ will go in light of today's decision and what the OPEC+ cut means for oil prices and inflation. There's been a lot to take on board over the last few days and it's been a real mix of good and bad news.

05-04-2023 04:52 GMT by Craig Erlam

EUR/USD - Euro jumps higher after US JOLTs Job Openings underperforms

EUR/USD was drifting earlier but has jumped higher in the North American session after a weak showing from US JOLTS Job Openings. We'll get a look at German and eurozone Services PMIs on Wednesday.

04-04-2023 10:59 GMT by Kenneth Fisher

NZD/USD - New Zealand dollar in holding pattern ahead of Reserve Bank decision

The New Zealand dollar is almost unchanged ahead of the Reserve Bank of New Zealand (RBNZ) rate decision on Wednesday (New Zealand time). The US releases JOLTS Job Openings. NZD/USD is trading quietly at the 0.63 line in the European session. RBNZ expected to hike by 25 bp The RBNZ is widely expected to raise rates by 25 basis points, which would bring the benchmark cash rate to 5.0%.

04-04-2023 06:34 GMT by Kenneth Fisher

AUD/USD - Aussie dips as RBA keeps rates unchanged

The Australian dollar is in negative territory following the RBA decision to pause rates at 3.60%. The US releases JOLTS Job Openings, which is expected to fall to 10.40 million, following a prior reading of 10.82 million. In the European session, AUD/USD is trading at 0.6744, down 0.61%. RBA takes a breather The streak is over.

04-04-2023 05:11 GMT by Kenneth Fisher

OPEC announces surprise cut, gold gains ground

OPEC+ in no mood to tolerate lower oil prices OPEC+ were the latest to ensure there's no such thing as a quiet weekend these days, announcing a surprise cut to production of more than a million barrels per day and sending prices soaring on the open. The decision clearly caught traders off guard and for good reason. Aside from the uncertain nature of the outlook, which would have been reason enough to warrant holding for now, the direction from within the cartel had indicated that no changes woul

03-04-2023 12:52 GMT by Craig Erlam

USD/CAD - Canadian dollar hits 6-week high after OPEC cuts

The Canadian dollar continues to rally on Monday after oil prices surged. OPEC surprised the markets on the weekend with production cuts, sending oil prices higher by 6.5%.

03-04-2023 12:42 GMT by Kenneth Fisher

USD/CHF - Swiss franc steady, inflation lower than expected

USD/CHF is unchanged in the European session, trading at 0.9150. The Swissie pushed higher earlier but has given up those gains. Switzerland's inflation rate fell to 2.9%, down from 3.4%, and the drop could make the Swiss central bank think twice about another rate hike in June.

03-04-2023 07:57 GMT by Kenneth Fisher

AUD/USD - Aussie on the move, RBA expected to pause rates

The Australian dollar has edged higher at the start of the week. In the European session, AUD/USD is trading at 0.6715, up 0.45%.

03-04-2023 06:28 GMT by Kenneth Fisher

EUR/USD edges lower as eurozone inflation slides

EUR/USD is slightly lower on Friday. In the European session, EUR/USD is trading at 1.0883, down 0.21%.

31-03-2023 09:35 GMT by Kenneth Fisher

USD/JPY - Yen slips as Japan's inflation dips

The US dollar has resumed its upswing and has punched above the 133 level. In the European session, USD/JPY is trading at 133.23, up 0.42%.

31-03-2023 07:18 GMT by Kenneth Fisher

USD/CAD rally continues, GDP next

The Canadian dollar is looking sharp, with gains of 1.5% this week against the greenback. The week wraps up with Canadian GDP, while the US releases the Core PCE Price Index.

31-03-2023 06:02 GMT by Kenneth Fisher

USD/JPY steadies after taking a tumble, Tokyo Core CPI looms

USD/JPY posted gains on Thursday after dropping sharply a day earlier. In the North American session, USD/JPY is trading at 132.45, down 0.31%.

30-03-2023 12:58 GMT by Kenneth Fisher

AUD/USD - Will RBA take a breather next week?

The Australian dollar has edged higher and is trading at the 0.6700 level in Europe. The RBA meets next week and the markets have priced in a pause.

30-03-2023 09:29 GMT by Kenneth Fisher

GBP/USD - Sterling steady, BoE's Mann says inflation will be hard to beat

The British pound continues to rally and is up for a fourth straight day. BoE member Mann said on Wednesday that the Bank of England will have a difficult time setting monetary policy due to inflation.

30-03-2023 06:22 GMT by Kenneth Fisher

NZD/USD - New Zealand dollar runs out of steam, business confidence next

The New Zealand dollar is lower on Wednesday. NZD/USD is trading at 0.6236 in the North American session, down 0.28%.

29-03-2023 10:26 GMT by Kenneth Fisher

USD/CHF - Swiss franc steady after economic expectations slide

The Swiss franc has edged higher on Wednesday. USD/CHF is trading at 0.9176 in the European session, down 0.23%.

29-03-2023 05:59 GMT by Kenneth Fisher

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