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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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Australian dollar keeps rolling, Aussie confidence data next
AUD/USD continues to rally Australia to release business, consumer confidence on Tuesday US to release inflation on Tuesday, FOMC rate announcement on Wednesday The Australian dollar continues to rally and is higher on Monday, trading at 0.6766, up 0.33% on the day. The Aussie is coming off an excellent week with gains of 2.1%.
12-06-2023 06:29 GMT by Kenneth Fisher
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The stock market bulls are back
Vanda Research: Retail traders return with an average flow of $1.36 billion a day over past week Tesla rallies for an 11th straight session Fed rate hike odds for Wednesday's meeting stand at 30.1% slightly higher from yesterday and roughly 7 points higher than a week ago. After a tough grind to bull-market territory, US stocks are incrementally edging higher on some corporate news and after a soft Canadian jobs report helped push global bond yields lower. With the S&P 500 entering bull market
09-06-2023 12:35 GMT by Edward Moya
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USD/CAD- Canadian dollar extends gains despite weak job data
Canada's economy sheds 17K jobs, unemployment rate climbs US dollar under pressure after unemployment claims jump Canadian dollar rallies for a third straight day The Canadian dollar continues to rally. USD/CAD is trading at 1.3328 in the North American session, down 0.22% on the day. Canada's labour market softens The week wrapped up with Canada's May employment report, which usually is released at the same time as the US job data, but had the spotlight to itself today.
09-06-2023 10:55 GMT by Kenneth Fisher
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AUD/JPY Technical: Rallied to 6-month high
AUD/JPY has staged a bullish breakout from its major descending channel and traded back above its 200-day moving average. Short-term momentum remains positive supported by the 1-hour RSI oscillator. Key short-term support to watch for AUD/JPY is at 92.70. The ongoing 11-week up move from the 24 March 2023 low of 86.06 seen in the AUD/JPY has been reinforced by several positive technical elements; the cross pair has rallied by 755 pips (+8.8%) from its 24 March 2023 low to today’s current intrad
09-06-2023 04:05 GMT by Kelvin Wong
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Swiss franc soars on SNB warning, US jobless claims
SNB's Jordan hints at a June rate hike US jobless claims jump Swiss franc climbs 1.2% The Swiss franc is showing limited movement on Friday, trading at 0.8998. On Thursday, the Swissie surged higher, gaining 1.2%. SNB's Jordan signals more rate hikes are coming It seems that Swiss National Bank head Thomas Jordan doesn't miss an opportunity to warn the markets that inflation is too high in Switzerland.
09-06-2023 03:47 GMT by Kenneth Fisher
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Jobless claims may offer well-timed comfort for the Federal Reserve
European stocks ended the day relatively flat while tech is enjoying a bounce in the US on the back of a spike in jobless claims, perhaps an early sign of the labor market weakening. A well-timed spike in US jobless claims Jobless claims spiked last week in what could be the start of another trend higher after stabilizing over the last few months. Claims had been expected to rise much earlier than this but for one reason or another, they've stayed remarkably steady.
08-06-2023 13:41 GMT by Craig Erlam
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Canadian dollar edges higher as BoC hikes rates
Bank of Canada raises rates by 25 basis points US unemployment claims surprise to the upside Canada releases employment report on Friday The Canadian dollar is in positive territory on Thursday, after posting gains for two straight days. In the North American session, USD/CAD is trading at 1.3346, down 0.22% on the day.
08-06-2023 09:45 GMT by Kenneth Fisher
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Podcast - China trade, BoC hike, SEC goes after crypto
OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss the big stories of the day. They talk about the Chinese trade data, Australia GDP, Bank of Canada, Oil, Gold and the SEC lawsuit against Binance and Coinbase.
07-06-2023 14:29 GMT by Craig Erlam
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Yields surge after surprise BOC hike & on reports Messi signs with Inter Miami
Wall Street has been on a heightened watch to see if major central banks might be unleashing significantly more tightening and over who will sign Leonel Messi?  At the 10am hour in New York, we got answers to both questions.  The BBC reported that Lionel Messi has decided not to return to Barcelona and join Inter Miami.  Inter Miami has been struggling all season long and saw their odds go from 150/1 to 25/1 to win MLS Cup 2023.  If confirmed, this would be massive for consumer spending as MLS g
07-06-2023 11:51 GMT by Edward Moya
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Canadian dollar calm ahead of BoC rate announcement
Bank of Canada likely to pause at today's meeting Fed expected to pause next week The Canadian dollar is unchanged, trading at 1.3400 in the North American session. Bank of Canada expected to hold rates The Bank of Canada meets later today, and the money markets are expecting another pause, which would leave the benchmark rate at 4.5%. The BoC's rate-tightening cycle has been on a "conditional pause", which is another way of saying that rate decisions are data-dependent, especially on inflati
07-06-2023 08:56 GMT by Kenneth Fisher
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Stocks struggle for direction, AUD rises after suprising hawkish hike
Treasury yields edge higher; 10-year rises 2.3bps to 3.706% Apple momentum stalls on skepticism with $3,499 headset VIX touches lowest level since 2021 Stocks After a valiant attempt at entering a bull market, stocks are wavering as Wall Street contemplates how much more tightening will we see by the Fed. ​ Providing some support for equities was news that Secretary of State Blinken is expected to make a visit to China and meet with key officials. ​ Any progress in cooling tensions with the wor
06-06-2023 13:06 GMT by Edward Moya
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Euro edges lower on weak German, eurozone numbers
Eurozone and German releases were softer than expected ECB expected to hike at next week's meeting The euro has edged lower on Tuesday. EUR/USD is trading at 1.0695 in the North American session, down 0.16%. Eurozone and German releases were soft on Tuesday.
06-06-2023 12:07 GMT by Kenneth Fisher
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USD/JPY shrugs after weak Japanese numbers, Japanese GDP next
Japan's consumer spending and income falls in April Ministry of Finance sends warning about weak yen The Japanese yen is steady on Tuesday. In the European session, USD/JPY is trading at 139.81, up 0.18%. Japan's numbers weaker than expected Japanese data disappointed on Tuesday.
06-06-2023 11:04 GMT by Kenneth Fisher
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AUD/USD extends gains after RBA surprise
AUD/USD rally continues for fourth straight day RBA surprises with 25-bp hike Australia releases GDP early Wednesday The Australian dollar continues to roll and has extended its rally on Tuesday. In the European session, AUD/USD is trading at 0.6659, up 0.63% on the day.
06-06-2023 05:14 GMT by Kenneth Fisher
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AUD short-term bulls supported by hawkish RBA and China
RBA surprised again with a 25-bps hike to raise the official cash rate to 4.10% Rumoured China’s property market stimulus measures also created a positive feedback loop back into AUD/USD. Short-term minor uptrend in place for AUD/USD with key resistance to watch at 0.6790. The Aussie dollar has been resilient against the US dollar since last Friday, 2 June ex-post better the expected US non-farms payroll/jobs data for May. The AUD/USD has managed to stage a rally of +1.45% to today's 6 June cur
06-06-2023 01:12 GMT by Kelvin Wong
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