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.

US Close: King Dollar returns, Hawkish Powell sinks risk appetite, Oil and gold punished, Bitcoin nears lower boundaries

Fed Chair Powell killed risk appetite with a hawkish first day on Capitol Hill. Powell said that the Fed will likely need to raise interest rates more than expected due to the recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests more needs to be done to bring down inflation. US stocks did not stand a chance after Fed Chair Powell convinced markets that policymakers are comfortable taking this rate hiking campaign much higher.

07-03-2023 15:28 GMT by Edward Moya

US Open: Stocks waver ahead of Powell, Biden eyes higher taxes, RBA almost done hiking, EUR supported on rising ECB bets, Oil and gold await Fed, Bitcoin softens

US stocks are slightly higher ahead of Fed Chair Powell’s Congressional testimony. Everyone is expecting Fed Chair Powell to deliver his best hits of ‘we have more work to do’ and ‘higher for longer’. Powell might not commit how much higher rates will go, but he will keep the door open for the Fed’s dot plots to move higher. Lawmakers will argue that we don’t need to see a recession to bring inflation back to target. Powell will likely signal that Americans could see economic pain later this

07-03-2023 07:46 GMT by Edward Moya

Swissie rally fizzles, SNB's Jordan up next

USD/CHF has rebounded on Tuesday, ending a rally that saw the Swiss franc climb over 1%. In the European session, USD/CHF is trading at 0.9344, up 0.40%. Swiss inflation higher than expected Switzerland released the February inflation report on Monday and the reading was higher than expected.

07-03-2023 07:44 GMT by Kenneth Fisher

AUD/USD - is RBA nearing the end of the tightening cycle?

The Australian dollar continues to lose ground and is sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6676, down 0.81%.

07-03-2023 05:06 GMT by Kenneth Fisher

All eyes on Powell

It's shaping up to be another relatively flat day in the markets as investors turn their attention to Capitol Hill ahead of Jerome Powell's first testimony. The Fed Chair will appear before the Senate Banking Committee later today to testify on the semi-annual monetary policy report. These events naturally attract a lot of attention but the reality is the Chair's performance is usually quite polished and uncontroversial, and the occasion itself can drag on and frequently venture away from topic.

07-03-2023 03:49 GMT by Craig Erlam

USD/JPY - Will wage growth shake up the Japanese yen?

The Japanese yen is drifting at the start of the week. In the North American session, USD/JPY is trading just under the 136 line. Japan's wage growth expected to slow Japan will release Average Cash Earnings for January later today.

06-03-2023 12:47 GMT by Kenneth Fisher

Canadian dollar eyes Ivey PMI

The Canadian dollar is coming off a relatively quiet week but that could change as there a host of key releases this week. Ivey PMI kicks things off later today, followed by the Bank of Canada rate decision on Wednesday and the February employment report on Friday. Canada's Ivey PMI recorded a massive rebound in January, climbing from 33.4 all the way to 60.1 points.

06-03-2023 07:29 GMT by Kenneth Fisher

Aussie lower ahead of RBA decision

The Australian dollar is under pressure at the start of the new trading week. AUD/USD is trading at 0.6735 in Europe, down 0.50%. RBA expected to hike by 25 bp The RBA is widely expected to raise rates by 25 basis points on Tuesday, which would bring the cash rate to 3.60%, the highest level in a decade.

06-03-2023 05:15 GMT by Kenneth Fisher

Gold - A big week ahead

OANDA Senior Market Analyst Craig Erlam talks about how gold is trading ahead of a big week for the US.

03-03-2023 19:26 GMT by Craig Erlam

Euro steady, punches back above 1.06

The euro has steadied on Friday after sustaining sharp losses on Thursday. In the European session, EUR/USD is trading at 1.0615, up 0.18%. Lagarde says more hikes could be coming The markets were treated to somewhat hawkish comments ECB President Lagarde on Thursday, who kept the door open to further rate hikes beyond the expected 50-bp move at the March 16th meeting.

03-03-2023 08:32 GMT by Kenneth Fisher

USD/JPY dips as Tokyo Core CPI slows

The Japanese yen has gained ground on Friday. In the European session, USD/JPY is trading at 136.17, down 0.44%. Tokyo Core CPI eases There was some positive news on the inflation front, as Tokyo Core CPI for February slowed for the first time since January 2022.

03-03-2023 07:26 GMT by Kenneth Fisher

Sterling slides below 1.20

The British pound is down sharply on Thursday, as the US dollar has recorded strong gains against the major currencies. In the European session, GBP/USD is trading at 1.1930, down 0.80%. In the UK, the economic calendar is unusually quiet this week, with no tier-1 releases. This put BoE speak in the spotlight, with the highlight being a speech from BoE Governor Bailey on Wednesday.

02-03-2023 12:58 GMT by Kenneth Fisher

Stocks slide after labor market data reignites bond market selloff, Jobless claims don't want to rise, Oil choppy but higher on China, Gold struggles, Bitcoin anchored

US stocks are under pressure after another round of economic data suggest central bank tightening by both the Fed and ECB might have to be more aggressive. The bond market selloff returned after EU core price inflation hit fresh record highs and US jobless claims edged lower and as labor costs surged. The 10-year Treasury yield is surging, up 6.7bps to 4.058%, while the 30-year rose above 4.00% for the first time since November. The 2-year Treasury yield is 4.4 bps higher to 4.923% and seems

02-03-2023 09:55 GMT by Edward Moya

Yen edges lower, eyes on Tokyo core CPI

It has been a quiet week for the Japanese yen, but USD/JPY is showing some strength on Thursday and has pushed above the 137 line for the first time this year. Will Tokyo Core CPI continue to rise? Japan's inflation indicators have continued to point upwards. We'll get a look at Tokyo Core CPI for February later today.

02-03-2023 09:18 GMT by Kenneth Fisher

EUR/USD dips as eurozone inflation eases

The euro remains busy and is down 0.40% on Thursday, trading at 1.0624. This follows the euro gaining 0.90% a day earlier. Eurozone inflation falls to 8.6% The euro's moves today and yesterday have in large part been dictated by inflation releases.

02-03-2023 06:28 GMT by Kenneth Fisher

Mid-Market: Prepare for March Mayhem, ISM data sends 10-year tentatively to 4%, Stocks tumble as Fed signal higher rates, China's robust PMIs, Hot German inflation, AUD GDP, Oil volatile post US data and EIA report, Gold pares gains as yields surge

US stocks are falling after the ISM manufacturing report posted a modest rise that still remains in contraction territory, but prices paid came in hotter, which signals rising costs are coming. The argument for more rate hikes is elevated as material costs appear poised to rise and as the Fed has yet to see a true demand slowdown.

01-03-2023 14:31 GMT by Edward Moya

Canadian dollar steady, GDP stagnates

The Canadian dollar showed some strong gains earlier today but has pared most of these gains. In the European session, USD/CAD is trading at 1.3627, down 0.14%.

01-03-2023 09:35 GMT by Kenneth Fisher

AUD/USD jumps on inflation, China PMIs

The Australian dollar is showing strong gains for the first time in a week. AUD/USD is trading at 0.6764 in Europe, up 0.53%. Australia's inflation eases Australia's inflation fell to 7.4% in January, down from 8.4% in December and below the estimate of 8.0%.

01-03-2023 05:33 GMT by Kenneth Fisher

All cylinders are clicking for China's Economy, Manufacturing PMIs roar to highest levels in 11 years, Services remain solid. Yuan rallies, Aussie slips on soft GDP print

Global stock market turmoil might not be here to stay. Both China stocks and the yuan rallied after China PMIs show the economy is making a strong comeback.

28-02-2023 20:54 GMT by Edward Moya

Canadian dollar drifting as GDP looms

Canadian GDP expected to slow in Q4 It's a very light data calendar for Canadian releases this week, with today's GDP report the sole tier-1 event. Canada's economy is expected to slow to 1.5% y/y in the fourth quarter, following a solid 2.9% gain in Q3. A slowdown in economic activity is what the Bank of Canada is looking for, as inflation remains public enemy number one. CPI is moving in the right direction as it fell to 5.9% in January, down from 6.3% in December.

28-02-2023 07:32 GMT by Kenneth Fisher

1 … 153 154 155 … 225