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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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Market Insights Podcast (Episode 436)
OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the market reaction after the Fed's preferred inflation index accelerated, incoming BOJ Governor Ueda's testimony, cryptos, Coinbase earnings and the week ahead.
24-02-2023 15:17 GMT by Edward Moya
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US Open: The Fed’s Inflation Problem, Rate hikes now priced in for next 3 meetings, Hawkish Fed speak, Oil and Gold crushed as dollar soars on rising rate hike bets, Crypto weakens
US stocks are selling off after the Fed’s preferred inflation reading comes in scorching hot, prompting bets that they will hike rates over the next three meetings. Some traders are also worried that they may need to take rates well above 6.00%. This morning is not just about PCE inflation, but also the consumer.
24-02-2023 10:38 GMT by Edward Moya
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Euro steady after mixed German data
The euro is down slightly on Friday. EUR/USD has been slowly moving lower and is down 1.1% this week. German GDP misses estimate The German economy, the biggest in the eurozone, underperformed in the fourth quarter of 2022.
24-02-2023 07:21 GMT by Kenneth Fisher
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Yen edges lower after BoJ's Ueda testimony
The Japanese yen is slightly weaker on Friday. In the European session, USD/JPY is trading just above the 135 line. Ueda pledges to continue easy policy Incoming Bank of Japan Governor Kazuo Ueda appeared at a parliamentary hearing on Friday and the markets were all ears.
24-02-2023 05:05 GMT by Kenneth Fisher
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Japanese yen steady ahead of CPI report
Thursday is a bank holiday in Japan and not surprisingly, the yen is almost unchanged as it trades close to the 135 line. Japan's CPI expected to rise Japan's inflation levels are much lower than in the US, but the Bank of Japan is concerned as inflation continues to rise. We'll get a look at National Core CPI, a key inflation indicator on Friday.
23-02-2023 12:23 GMT by Kenneth Fisher
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NZ dollar steady after RBNZ, FOMC minutes
The New Zealand dollar remains in calm waters, with little reaction to the Reserve Bank of New Zealand's rate hike or the FOMC minutes. The RBNZ raised rates by a half-point on Wednesday, as the central bank remains aggressive in its battle to curb inflation. The move was in line with expectations and the New Zealand dollar moved higher but quickly pared those gains.
23-02-2023 06:37 GMT by Kenneth Fisher
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Yen calm ahead of Fed minutes
The Japanese yen has edged lower on Wednesday. In the North American session, USD/JPY is trading at 134.75 down 0.20%. Fed's Bullard calls for more aggressive policy Fed member Bullard has called for the Fed to deliver rate hikes more quickly in order to beat inflation.
22-02-2023 12:50 GMT by Kenneth Fisher
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US Open: Bullard’s projections suggest Fed’s work is almost done, China-Russia ties, RBNZ hikes, Oil remains heavy, Gold edges higher, Bitcoin softens ahead of Fed Minutes
US stock turned positive after Fed’s Bullard stated that markets might be over-pricing US recession risk.  Bullard said his projections for rates are to reach 5.375%, which implies 75 bps more in rate increases.  Bullard is one of the more hawkish members, so if he thinks we only have a little ways to go here, the peak in rates might be properly priced in.  The disagreement between the Fed and markets on how high rates to go might be over and that could provide a tentative boost for stocks.
22-02-2023 10:26 GMT by Edward Moya
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Aussie dips after soft wage data
The Australian dollar has extended its losses on Wednesday. In North American trade, AUD/USD is trading at 0.6824, down 0.47%. Wage growth misses forecast Australian wage growth was short of the forecast, with a gain of 0.8% q/q in Q4 2022.
22-02-2023 09:38 GMT by Kenneth Fisher
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New Zealand dollar pares gains after RBNZ
The New Zealand dollar jumped after the Reserve Bank of New Zealand meeting but has pared most of these gains. In the European session, NZD/USD is almost unchanged at 0.6216. RBNZ hikes by 50 basis points The RBNZ delivered a 50 bp rate increase today, bringing the cash rate to 4.75%, its highest level since 2009.
22-02-2023 05:33 GMT by Kenneth Fisher
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Canadian dollar dips on lower inflation
The Canadian dollar has weakened on Tuesday. In the North American session, USD/CAD is trading at 1.3517, up 0.48%. Inflation drops, retail sales mixed Canada's inflation rate dropped in January.
21-02-2023 12:21 GMT by Kenneth Fisher
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Australian dollar dips after RBA minutes
The Australian dollar is in negative territory on Tuesday. In European trade, AUD/USD is trading at 0.6876, down 0.50%. RBA minutes indicate concern over inflation The Reserve Bank of Australia keeps getting in the way of the Australian dollar.
21-02-2023 07:52 GMT by Kenneth Fisher
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US Open: A busy Tuesday, Putin vows to continue War, Weak outlooks from retailers, Walmart, Home Depot, Oil struggles, Gold lower ahead of Fed, Bitcoin resilience
US stocks are declining after retail earnings suggest margin worries are here and it will only get worse as the Fed is likely to deliver more tightening into early summer. Treasury yields are surging here as a tight labor market will force the Fed to do more tightening.  Retailer earnings are suggesting it is going to be a tough year ahead and that should keep the pressure on stocks.  Geopolitics Russia’s Vladimir Putin’s State of the Union speech suspended participation in a key nuclear arms p
21-02-2023 07:48 GMT by Edward Moya
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NZD/USD eyes central bank meeting
The New Zealand dollar is slightly lower on Tuesday. NZD/USD declined over 0.50% earlier but has pared most of these losses and is trading at 0.6240, down 0.20%. RBNZ expected to hike by 50 bp The Reserve Bank of New Zealand will meet on Wednesday, its first policy meeting this year.
21-02-2023 05:20 GMT by Kenneth Fisher
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Japanese yen steady at 134
USD/JPY has started the week quietly as it continues to trade at the 134 line. It was a rough week for the yen, which declined by 2% and dropped as low as 135.11, its lowest level this year.
20-02-2023 10:02 GMT by Kenneth Fisher
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Euro drifting, markets eye PMIs
The euro showed some volatility at the start of last week but since then it has been in calm waters and has stayed close to the 1.0.7 line.We'll get a look at eurozone and German PMIs on Tuesday. ECB signals another 50 bp hike The ECB has been criticized for sending mixed messages to the markets, but Christine Lagarde was crystal clear last week when she told EU lawmakers that “in view of the underlying inflation pressures we intend to raise interest rates by another 50 basis points at our nex
20-02-2023 05:17 GMT by Kenneth Fisher
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