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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.

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Japanese yen falls below 144, Ueda and Powell talk policy
Ueda, Powell participating in panel at ECB Bank Forum Japanese yen slips below 144 US consumer confidence surges higher USD/JPY continues to push higher and is closing in on the 145 line. In the North American session, the yen is trading at 144.60, up 0.37%. Will Ueda provide any clues at ECB Bank Forum? It's a quiet day on the data calendar, with no important US releases.
28-06-2023 11:03 GMT by Kenneth Fisher
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EUR/USD - Will Lagarde shake up the euro?
German consumer sentiment falls ECB's Lagarde will participate in a panel discussion on policy EUR/USD has edged lower on Wednesday. In the European session, EUR/USD is trading at 1.0939, up 0.20%. German consumer confidence dips The German GfK Consumer Sentiment report found that consumer confidence is expected to fall in July to -25.4, down from a downwardly revised -24.4 in June.
28-06-2023 08:24 GMT by Kenneth Fisher
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All eyes on the ECB forum as central bank heads join panel discussion
Equity markets are cautiously higher in Europe while the US is poised to open relatively flat as we await appearances from the heads of the Fed, ECB, BoE and BoJ. Fed Chair Jerome Powell, ECB President Christine Lagarde, BoE Governor Andrew Bailey, and BoJ Governor Kazuo Ueda are due to take part in a panel discussion at the ECB Forum on Central Banking around the opening bell in the US and their comments could set the tone for the rest of the day.
28-06-2023 08:02 GMT by Craig Erlam
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AUD/JPY Technical: Minor downtrend remains intact
Recent two weeks of price actions in AUD/JPY have evolved into a minor downtrend. Key resistance on the minor downtrend stands at 96.00. Near-term supports are at 94.80 and 94.00. This is a follow-up on our earlier analysis, “AUD/JPY Technical: At the risk of a minor pull-back” dated 19 June 2023. Click here for a recap. The AUD/JPY has dropped as expected and almost hit the 94.80 support (printed a current intraday low of 95.15 in today’s Asia session). Today’s fall in the AUD/JPY has been r
28-06-2023 06:08 GMT by Kelvin Wong
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Aussie slides to 3-week low as CPI falls sharply
Australian inflation declines more than expected AUD/USD slides in response to the inflation report US Consumer Confidence jumps The Australian dollar is sharply lower on Wednesday. In the European session, AUD/USD is trading at 0.6636, down 0.75%.
28-06-2023 05:55 GMT by Kenneth Fisher
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China’s booster from Premier Li Qiang may not last
China’s Premier Li Qiang’s morale booster speech during yesterday’s opening of the World Economic Forum’s 14th Annual Meeting of the New Champions ignited a bullish tone in China’s stock market. USD/CHH (offshore yuan) retreated from 7.2500 key intermediate resistance after PBoC’s indirect FX intervention yesterday. USD/CNH may strengthen further which may trigger another round of downside pressure in China-related equities. China’s Premier Li Qiang, also the Head of the State Council that dire
28-06-2023 01:53 GMT by Kelvin Wong
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Technicals and Triggers – USD/JPY
USDJPY Yen sellers remain in control as traders become skeptical that Japan officials follow through on intervention threats. The yen has steadily weakened this quarter on US economic resilience and as the BOJ vowed to keep rates low for now along with a weak signal for a chance of future hike. Dollar Technicals The dollar index could be flashing an oversold signal and that could lead to further bets against the yen and not necessarily with European currencies that might see much more tighten
27-06-2023 15:54 GMT by Edward Moya
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USD/CAD pares gains, Canadian inflation eases
Canada's inflation rate eases US Durable Goods Orders accelerate The Canadian dollar spiked and gained 50 points after Canada released the May inflation report but has pared these gains. USD/CAD is unchanged at 1.3158. Canadian inflation heads lower Canada's inflation rate fell sharply in May to 3.4%, down from 4.4% in April.
27-06-2023 09:32 GMT by Kenneth Fisher
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CHF/JPY Technical: Rallied above 43-year high
Current impulsive up move of CHF/JPY has cleared above major resistances of 157.98 & 158.45. Short-term momentum remains bullish. 159.90 is the key short-term support to watch. The CHF/JPY cross has continued to its relentless rally as it broke above key resistance levels; 157.98 (the high obtained right during the EUR/CHF unpegged shock in January 2015) and 158.45 (Oct 1979 major swing high). Broke above Oct 1979 major swing high of 158.45 Fig 1: CHF/JPY long-term secular trend as of 27 Jun
27-06-2023 06:56 GMT by Kelvin Wong
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AUD/USD pushes higher, CPI next
Australian inflation expected to slow in May The inflation report will have a significant impact on RBA decision in July The Australian dollar is in positive territory on Tuesday. AUD/USD rose as high as 50 pips earlier but has pared these gains and is trading at 0.6685, up 0.16%. The Australian dollar is showing some life after last week's awful performance, in which it declined by 2.87%. Markets eye Australian CPI On Wednesday, Australia releases the monthly inflation report for May.
27-06-2023 05:48 GMT by Kenneth Fisher
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USD/CAD - Canadian dollar eyes inflation report
Canada's inflation expected to ease in May The inflation data could be a key factor in BoC's July rate decision The Canadian dollar moved higher earlier on Monday but has pared these gains. In the North American session, USD/CAD is trading at 1.3169, down 0.10%.
26-06-2023 11:16 GMT by Kenneth Fisher
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Euro yawns as German business climate falls
German Business Confidence falls for second straight month ECB's Lagarde hosts central banking conference in Portugal EUR/USD is drifting higher on Monday. In the European session, EUR/USD is trading at 1.0917, up 0.20%. German business confidence slips Germany once prided itself as being the locomotive of the eurozone, which blazed the way with a strong economy.
26-06-2023 08:33 GMT by Kenneth Fisher
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Japanese yen edges lower after verbal intervention
Tokyo sends warning over yen's deprecation Yen has slumped over 7% against US dollar since April USD/JPY is in positive territory on Monday. In the European session, the yen is trading at 143.15, down 0.36%. Tokyo issues warning over slumping yen The Japanese yen continues to lose ground and the Japanese government is not amused.
26-06-2023 05:12 GMT by Kenneth Fisher
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Geopolitical chaos, FX Intervention, and US banks’ stress test results
Russia’s weekend mutiny cast doubts on Putin’s grip on power. No major impact on markets but keep a lookout on Gold, which bounced off the key support zone of US$1,913/1,896 per ounce. Stern FX verbal intervention from Japan’s top currency official. Watch USD/JPY key near-term support at 142.50/25. US banking stocks tumbled ahead of annual key Fed’s banks’ stress test results Before the start of this new trading week, market participants were being jolted from their weekend leisure activities
26-06-2023 02:57 GMT by Kelvin Wong
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Week Ahead - Inflation and Recession Risks
While Europe appears at great risk for a recession as traders bet on aggressive rate rises by all the European central banks, the Fed is still expected to be nearing the end of their respective rate hiking campaign.  The focus in the US will fall on the PCE readings. If inflation comes down as expected, the swap futures might grow even more confident that the Fed will only deliver one more rate hike.
23-06-2023 15:16 GMT by Edward Moya
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Podcast - Tightening to a recession
OANDA Senior Market Analyst Ed Moya joins Jonny Hart and Trader Nick to analyze the flash global PMIs, the UK's mortgage crisis, Elon Musk Vs Mark Zuckerberg, and the return of the crypto bulls.
23-06-2023 14:36 GMT by Edward Moya
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Weak Global PMIs trigger risk aversion, Bostic favors no more hikes,
Stocks tumble on fears monetary tightening will trigger a recession Fed rate hike bets still only pricing in one last rate increase European bond yields plunge on downbeat global sentiment US stocks are sliding as the global growth outlook continues to deteriorate following soft global PMI readings.  The risk of a sharper economic downturn is greater for Europe than it is for the US, so that could keep the dollar supported over the short-term.  This has been an ugly week for stocks and that is
23-06-2023 11:47 GMT by Edward Moya
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GBP/USD shrugs after solid UK retail sales report
UK posts better-than-expected retail sales, consumer confidence British pound shrugs after BoE's sharp rate hike US to release ISM Services PMI later on Friday The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2729, down 0.15%.
23-06-2023 07:06 GMT by Kenneth Fisher
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