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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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AUD/USD - Aussie slides after dovish RBA minutes
RBA minutes state that the rate hike decision was close China's central bank trims key lending rates The Australian dollar has hit a bump in the road and is down 1% this week. In the European session, AUD/USD is trading at 0.6795, down 0.80% on the day. RBA minutes - rate decision was close The Reserve Bank of Australia has a habit of surprising the markets.
20-06-2023 04:41 GMT by Kenneth Fisher
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USD/JPY Technical: 142.25 resistance met with bullish exhaustion
The rally of USD/JPY has reached 142.25/142.50 key medium-term resistance ex-post BoJ monetary policy decision last Friday. Latest Commitments of Traders report on JPY futures on net large speculators’ open bearish positioning has reached close to a 3-year extreme. The next key related event will be the release of Japan’s nationwide inflation data for May on this Friday, 23 June. This is a follow-up analysis from our earlier publication dated 15 June 2023, “USD/JPY Technical: Bullish breakout f
20-06-2023 01:19 GMT by Kelvin Wong
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All eyes on the BoE this week
It's been a quiet start to the week with stocks edging lower in light trade due to the US bank holiday. It feels like last week may have left us with more questions than answers in that the US inflation data was ok, not great, the Fed paused while forecasting multiple more hikes, and the ECB hiked while insisting more is to come. Now it's up to the BoE to continue its firefighting mission; one that is at risk of getting out of control despite the MPC's efforts to contain it. Of all the major e
19-06-2023 13:25 GMT by Craig Erlam
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New Zealand dollar slips despite solid services release
NZD/USD is down sharply on Monday New Zealand services beat expectations US inflation expectations fall to March 2021 low The New Zealand dollar is down sharply on Monday. In the European session, NZD/USD is trading at 0.6192 down 0.75%. New Zealand Services PSI beats expectations New Zealand's services sector accelerated in May, as the Performance of Services Index rose from an upwardly revised 50.1 to 53.3 points.
19-06-2023 08:21 GMT by Kenneth Fisher
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EUR/GBP Technical: Short-term downtrend intact
EUR/GBP has continued to trade lower, now at 0.8520, its lowest level since Aug 2022 ahead of UK inflation data (Wed,21 Jun) & BoE monetary policy decision (Thurs, 22 Jun). Short-term downtrend for EUR/GBP remains intact since the 26 Apr high of 0.8875. Key short-term resistance to watch will be at 0.8580 to maintain bearish momentum. Last week, the EUR/GBP cross rate recorded its third consecutive weekly loss and traded below its former medium-term range support of 0.8580 (swing low areas of O
19-06-2023 06:44 GMT by Kelvin Wong
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AUD/JPY Technical: At the risk of a minor pull-back
Minor uptrend phase of AUD/JPY since its 1 June 2023 low 0f 90.26 has reached overstretched condition. The overstretched rally of AUD/JPY is characterized by a 14-month high seen in the Bollinger Bandwidth (a measurement of historical volatility). Short-term upside momentum has started to wane. Fig 1: AUD/JPY medium-term trend as of 19 Jun 2023 (Source: TradingView, click to enlarge chart) Fig 2: AUD/JPY minor short-term trend as of 19 Jun 2023 (Source: TradingView, click to enlarge chart
19-06-2023 00:57 GMT by Kelvin Wong
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Australian dollar surges to 4-month high
Australian dollar soars 1.29% on Thursday on Fed pause Markets price in Fed rate cuts despite Powell's hawkish signals The Australian dollar has moved lower on Friday, paring some of Thursday's massive gains. The Aussie traded as high as 0.6899 earlier today, its highest level since February 21st. Australian dollar soars after Fed pause The US dollar sagged badly against most of the major currencies on Thursday, in the aftermath of the dramatic Federal Reserve meeting.
16-06-2023 10:45 GMT by Kenneth Fisher
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EUR/USD surges after ECB rate hike
ECB raises rates by 25-basis points EUR settles down after soaring over 1% on Thursday EUR/USD is trading at 1.0948 in Europe, almost unchanged on the day. On Thursday, the euro surged 1.05% in the aftermath of the ECB rate hike. ECB hikes and signals more rate increases coming The ECB raised rates by 25 basis points on Thursday, bringing the benchmark rate to 3.50%, the highest level since 2001.
16-06-2023 09:08 GMT by Kenneth Fisher
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USD/JPY rises as BoJ stays the course
Bank of Japan maintains interest rate and yield curve control policy Japanese yen falls below 141 The Japanese yen is under pressure and has lost ground on Friday. In the European session, USD/JPY is trading at 141.01, up 0.53%. Bank of Japan maintains policy The Bank of Japan made no changes to its policy settings at its policy meeting.
16-06-2023 08:11 GMT by Kenneth Fisher
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Welcome to a bipolar world of monetary policies
Monetary policies and guidance of the 4 major central banks are moving in the opposite direction. US Fed and Eurozone ECB are in the hawkish camp while Japan BoJ and China PBoC are still in accommodating mode. K-shaped performance in USD against key G-20 currencies; JPY remained weak and CNH sideways, in contrast, the rest has strengthened against the USD. G-10 JPY crosses are bursting up. We have concluded three plus one monetary policy decisions outcome from four major G-20 central banks for
16-06-2023 02:22 GMT by Kelvin Wong
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EUR/USD - ECB hikes interest rates and warns at least one more is coming
Should we take them for their word? The ECB raised interest rates by another 25 basis points today and signaled there's more to come as it significantly revised up its core inflation forecasts for this year and next. Prior to the meeting, markets were pricing in a hike today but perhaps no more after, something President Lagarde sought to actively discourage. During the press conference, Lagarde stated that "barring material change, very likely that we will continue to raise rates in July".
15-06-2023 12:12 GMT by Craig Erlam
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Stocks suffering from a Fed hangover, ECB signals a July hike
ECB hikes rates by 25bps and hot inflation outlook sends euro higher Wall Street starts to doubt Fed hiking pledge Fed swap futures suggest a 62% chance of a rate hike at July 26th meeting US stocks are wavering after a data dump didn’t really give a clear signal about the economy.  Wall Street is suffering from a Fed hangover that won’t go away anytime soon as the economy will remain vulnerable as further tightening seems likely.
15-06-2023 10:02 GMT by Edward Moya
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USD/JPY Technical: Bullish breakout from 4-week range ahead of BOJ
Higher interest rates for longer periods from Fed’s latest monetary policy stance reinforced USD/JPY strength. USD/JPY staged a bullish breakout from its recent 4-week range. The next key intermediate resistances stand at 142.25 and 142.80 ahead of BoJ’s monetary policy decision tomorrow.
15-06-2023 04:38 GMT by Kelvin Wong
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New Zealand dollar dips after soft GDP report
New Zealand GDP declines by 0.1% Fed takes a pause, but sends hawkish message The New Zealand dollar is in negative territory on Thursday, after surging 0.9% higher on Wednesday. In the European session, NZD/USD is trading at 0.6171, down 0.57%.
15-06-2023 03:29 GMT by Kenneth Fisher
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