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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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US Open: Stocks waver after UBS takeover deal/coordinated CB action/banking worries, Yen thrives on risk aversion flows, Bullish oil bets abandoned, Gold $2k, Bitcoin closer to $40k than November low
Looks like it will be another long week on Wall Street.  It was a busy weekend after a Credit Suisse bailout and a coordinated effort by the Fed and other central banks to boost dollar liquidity.  Despite a couple major weekend attempts to contain the risks hitting the banking system, US stocks are wavering as risk aversion won’t be going away until markets are confident that the Fed is done with their rate hiking campaign.  The banking system still doesn’t have any confidence as Wall Street tri
20-03-2023 09:47 GMT by Edward Moya
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Swiss franc in calm waters, but is there a storm ahead?
USD/CHF is trading quietly on Monday, after a tumultuous week. In the European session, USD/CHF is trading at 0.9276, up 0.15%. Credit Suisse takeover, central banks take action There was a flurry of activity on Sunday in response to the banking crisis which has shaved some $1 trillion from global financial shares this month.
20-03-2023 07:43 GMT by Kenneth Fisher
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Euro edges lower, ECB and other central banks take joint action
After a tumultuous week in the financial markets, things appear to have settled down. The euro is showing limited movement, trading at 1.0655. Central banks move in unison to contain contagion It was anything but a quiet Sunday, as the Swiss government engineered an emergency bank merger, with UBS agreeing to buy Credit Suisse, the second largest bank in Switzerland.
20-03-2023 05:22 GMT by Kenneth Fisher
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EUR/USD - Volatile amid banking fears
OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of this week's turmoil in the banking sector, following the ECB rate hike and ahead of the Fed meeting.
17-03-2023 19:30 GMT by Craig Erlam
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Oil continues slide, gold higher, bitcoin surges
Terrible week continues Oil prices have been pummelled this week as turmoil in the banking sector has increased the risk of a significant economic slowdown or recession this year. Clearly, traders are not convinced that the worst is behind us which continues to weigh heavily on the price of crude, particularly going into a weekend when anything can happen, as we saw a week ago.
17-03-2023 12:14 GMT by Craig Erlam
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GBP/USD - Pound steady, inflation expectations ease
We have seen some strong movement from the British pound this week, which is not surprising given the turmoil which has gripped the financial markets in the wake of the US banking crisis. In the European session, GBP/USD is showing little movement and is trading at 1.2119. Big banks to the rescue Market mayhem has been the buzzword this week, as the financial markets were shaken by the collapse of Silicon Valley Bank (SVB) over the weekend.
17-03-2023 08:43 GMT by Kenneth Fisher
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USD/JPY - Yen climbs to 1-mth high on market turmoil
The Japanese yen is in positive territory on Friday, trading at 133.02, up 0.56%. USD/JPY touched a one-month low on Thursday, falling as low as 131.72. How will BoJ react to the new wage agreement? The Kazuo Ueda era has begun at the Bank of Japan.
17-03-2023 06:26 GMT by Kenneth Fisher
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EUR/USD - Euro heads higher as ECB delivers 50-bp hike
It has been a busy week for the euro, reflective of the gyrations we're seeing in the financial markets. EUR/USD has bounced back from a mid-week slide and is trading at 1.0661, up 0.46% on the day. ECB moves full steam ahead In the midst of market turmoil and fears of a full-blown financial crisis, the ECB held its rate meeting on Thursday and had everyone guessing about its intentions.
17-03-2023 05:20 GMT by Kenneth Fisher
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US Close: Stocks rally as bank jitters ease, No surprises from Yellen, ECB hikes, Oil rebounds, profit-taking time for gold, Bitcoin edges higher
US stocks are rallying as Wall Street worries over the banking sector are easing after the big banks offer support to First Republic and as the SNB gave Credit Suisse a lifeline.  Banking jitters are fading quickly for now and that has everyone scrambling back into risky assets.  Yellen Treasury Secretary Janet Yellen’s testimony to the Senate did not yield any surprises.  She defended the proposed budget and reiterated that there will be a careful look at what happened with SVB.
16-03-2023 13:52 GMT by Edward Moya
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A gamble from the ECB?
It's been another wild session in financial markets and the ECB had the unenviable task today of making a decision on interest rates amid all of the uncertainty and turbulence. One thing that was clear from Lagarde's press conference is that it isn't just markets that expect the tightening cycle may have come to an abrupt end following the events of recent days.
16-03-2023 13:11 GMT by Craig Erlam
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Australian dollar climbs on strong employment data
The Australian dollar has taken investors on a roller-coaster ride this week, reflective of the gyrations we're seeing in the financial markets. In the North American session, AUD/USD is trading at 0.6656, up 0.56%. Australian job growth outperforms Australia's employment report for February was stronger than expected.
16-03-2023 13:04 GMT by Kenneth Fisher
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New Zealand dollar extends losses as GDP contracts
The New Zealand dollar has had a busy week, which is not surprising given the turmoil which has gripped the markets. NZD/USD has extended its losses on Thursday and is trading at 0.6162, down 0.40%. New Zealand GDP declines  The markets were braced for a soft GDP report for Q4, but the decline was sharper than expected.
16-03-2023 09:38 GMT by Kenneth Fisher
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EUR/USD - Credit Suisse woes knock down euro, will ECB hike today?
The euro has rebounded on Thursday after sliding 1.5% a day earlier, its worst daily showing since September 2022. In the European session, EUR/USD is trading at 1.0613, up 0.35%. The financial markets are in turmoil, with fears growing that the Silicon Valley collapse could lead to a full-blown banking crisis.
16-03-2023 06:21 GMT by Kenneth Fisher
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Oil plunges, gold flies on jittery markets
Oil plummets amid economic fears Oil prices have been caught up in the doom and gloom of what we're seeing in equity markets and after months of consolidation, economic concerns have triggered an aggressive breakout to the downside. Brent and WTI are off around 7% today and at levels last seen late in 2021 and it could get worse if the situation deteriorates further if the situation evolves into a broader banking crisis. There's no evidence it will at this point and as such, there's every chance
15-03-2023 20:45 GMT by Craig Erlam
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Mid-Market Update: Stocks fall as banking worries persist, Credit Suisse crisis, Euro plunges, Oil crashes through $70, Gold demand surges, Bitcoin softer
US stocks are dropping as Wall Street anticipates further global banking turmoil after Credit Suisse fails to secure additional capital and their CDS hit crisis levels. ​ Weak banks are feeling exposed to the past year of global central bank tightening and they will likely now have to deal with skyrocketing funding costs. The bloodbath is not just hitting financials, but also sending energy, material, and industrial stocks lower. ​​ ​Yields/FX Treasury yields are in freefall and so our Fed rate
15-03-2023 13:35 GMT by Edward Moya
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British pound sinks on banking sector fears
The British pound has taken a nasty tumble on Wednesday. In the North American session, GBP/USD is trading at 1.202, down 1.1% on the day. Credit Suisse drags down US banking sector, boosts US dollar Since the collapse of the Silicon Valley Bank, the financial markets have been on a roller-coaster ride.
15-03-2023 12:44 GMT by Kenneth Fisher
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NZD/USD - US retail sales decline, PPI softens, New Zealand GDP next
The New Zealand dollar is in negative territory on Wednesday, ending a 3-day rally that saw NZD/USD climb 160 points. In the North American session, NZD/USD is trading at 0.6205, down 0.50%. New Zealand GDP projected to contract in Q4 New Zealand releases fourth-quarter GDP later today, with the markets braced for a slowdown compared to Q3.
15-03-2023 10:11 GMT by Kenneth Fisher
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AUD/USD falls ahead of employment report
The Australian dollar, which has posted strong gains early in the week, has run into a wall on Wednesday. In the European session, AUD/USD is trading at 0.6638, down 0.66%. Australian job growth expected to rebound Australia releases the February employment report on Thursday (Australia time).
15-03-2023 07:29 GMT by Kenneth Fisher
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Mid-Market Update: Bank rebound fuels risk rally, Disinflation trends are not back, Too early for rate cut and hold calls, Oil struggles, Gold softens, Crypto rally
Banking contagion risks are evaporating and Wall Street is ready to pile back into risky assets.  US stocks are surging as regional bank stocks bounce back and after the eight straight deceleration with the annual inflation pace supports the case for some that the Fed’s tightening work is almost done.  CPI Today’s inflation data still supports the case for another quarter-point rate hike by the Fed.  Wall Street seems to be focusing on both the strong rise with shelter prices as that made up 70
14-03-2023 13:28 GMT by Edward Moya
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Australian dollar steadies as markets calm down
The Australian dollar is unchanged on Tuesday after climbing 1.29% a day earlier. In the North American session, AUD/USD is trading at 0.6673. US inflation eases With the Fed slowly but surely gaining the upper hand on stubborn inflation, US CPI reports have become key market movers.
14-03-2023 13:23 GMT by Kenneth Fisher
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