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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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USD/JPY punches above 140, Tokyo issues warning
Japanese yen falls below 140 Japan's Ministry of Finance issues warning US debt ceiling heads to Congress USD/JPY is showing little movement on Tuesday. In the European session, USD/JPY is trading at 140.17, down 0.19%. The Japanese yen continues to underperform and has plunged 2.8% in May.
30-05-2023 06:37 GMT by Kenneth Fisher
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Aussie unchanged ahead of Lowe, CPI
RBA Governor Lowe testifies before a Senate Committee Australia to release CPI US debt ceiling deal likely to be approved by Congress The Australian dollar is drifting lower on Tuesday. AUD/USD is trading at 0.6538 in Europe, unchanged on the day. RBA Governor Lowe testifies before a Senate Committee later today.
30-05-2023 04:54 GMT by Kenneth Fisher
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EUR/USD Technical: Bears may be getting exhausted
The current minor downtrend phase for EUR/USD from its 3 May 2023 high of 1.1092 is showing signs of exhaustion. Elliot Wave/fractal analysis suggests a potential terminal support zone of 1.0670/1.0630 for the minor downtrend phase where a possible minor mean reversion rebound may occur next. The key intermediate resistances to watch will be at 1.0725 and 1.0850. Fig 1: EUR/USD trend as of 30 May 2023 (Source: TradingView, click to enlarge chart) In the medium term (multi-week), the price ac
30-05-2023 01:43 GMT by Kelvin Wong
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Swiss franc edges higher ahead of Swiss GDP, business confidence
US markets closed for a holiday US debt ceiling crisis resolved US inflation higher than expected Switzerland releases GDP and the KoF Economic Barometer The Swiss franc has edged higher on Monday and is trading at 0.9036, up o.15%. US markets are closed for Memorial Day and the currency markets have been calm today. Switzerland releases GDP and business confidence on Tuesday.
29-05-2023 11:17 GMT by Kenneth Fisher
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New Zealand dollar stems nasty slide
US markets closed for a bank holiday New Zealand dollar steadies after a 3.6% plunge last week US inflation higher than expected The New Zealand dollar has stabilized on Monday after a disastrous week. In the European session, NZD/USD is trading at 0.6057, up 0.17%. US reaches debt ceiling deal US lawmakers hammered out a debt ceiling deal over the weekend.
29-05-2023 06:28 GMT by Kenneth Fisher
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AUD/JPY Technical: Bulls got stalled again at 200-day MA
The medium-term up move of AUD/JPY from the 24 March 2023 swing low of 86.06 got stalled again at the key 200-day moving average. Short-term downside movement seems to have resurfaced as indicated by the 4-hour RSI. Key resistance to watch will be at 92.70. Fig 1: AUD/JPY trend as of 26 May 2023 (Source: TradingView, click to enlarge chart) The recent 460 pips rally of the AUD/JPY from its 26 April 2023 minor swing low of 87.87 has stalled at the key 200-day moving average again (now acting
29-05-2023 06:04 GMT by Kelvin Wong
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Oil volatile after a week of mixed messages, US inflation bad news for gold
Oil markets volatile ahead of OPEC+ meeting next weekend Oil prices are recovering slightly after a volatile week amid conflicting commentary from key members of the OPEC+ alliance. From a "watch out" warning from the Saudi Energy Minister to a suggestion that the group will not cut output next weekend, traders have been left a little confused as to what we can expect. It may be that Saudi Arabia wants to keep traders on their toes but to make these comments and not follow through could be perce
26-05-2023 12:41 GMT by Craig Erlam
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Debt-Limit talks advance and there goes the cooling inflation narrative
Dollar approaches 2-month high; 2-year yield rises 8.1 bps to 4.616%, the 11th straight day of gains, longest streak since September Fed's Mester noted that the previous rate hikes will effect the econonmy Inflation is looking stickier than ever as the PCE supercore surges US stocks are rallying as Washington DC nears a debt deal ahead of the long weekend. ​ The risks that a debt deal could fall apart at the 11th hour remains, which makes Treasury Secretary Yellen’s update over the X-date criti
26-05-2023 12:14 GMT by Edward Moya
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Tokyo core-core CPI continues to accelerate with USD/JPY now below key 141.00
Tokyo core-core CPI (excluding fresh food & energy) accelerated to a 31-year high BoJ’s latest guidance from Governor Ueda is no longer making wage growth as a main priority, raising the possibility of a monetary policy normalization in H2 2023. The 5-month rally of USD/JPY is now coming close to key short-term resistance at 141.00. This week’s latest release of key leading economic data out of Japan has indicated signs of sustained inflationary growth
26-05-2023 04:14 GMT by Kelvin Wong
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Investors forced to reconsider interest rate forecasts amid disappointing data
UK interest rate expectations rise after inflation data We're seeing very mixed trade on Thursday, with the Nasdaq making strong gains of more than 1.5%, the Dow and S&P treading water, and Europe mostly in the red. Once more there's a heavy focus on central banks and whether investors have been too optimistic about when and where the peak in interest rates will come, and by extension how soon after they'll fall. UK inflation data on Wednesday was very disappointing, despite finally falling bac
25-05-2023 11:32 GMT by Craig Erlam
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Oil slides over OPEC, gold falls after FOMC minutes
Russia cools talk over OPEC+ output cut Oil prices are sliding again on Thursday after the Russian Deputy Prime Minister, Alexander Novak, appeared to cool expectations of an imminent output cut from OPEC+ ahead of the meeting in a little over a week. Suspicions of a second consecutive cut came as prices slipped, and remained, below $80 a barrel - the point at which the group announced a surprise cut previously - and Saudi Energy Minister, Prince Abdulaziz bin Salman, warned short speculators
25-05-2023 10:42 GMT by Craig Erlam
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GBP/USD edges lower, markets eye UK retail sales
UK retail sales expected to fall sharply US debt ceiling impasse continues FOMC minutes show Fed divided over rate policy GBP/USD continues its downswing. The pound is trading at 1.2340, down 0.20% and is at a one-month low against the US dollar. The UK releases retail sales for April on Friday.
25-05-2023 09:19 GMT by Kenneth Fisher
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USD/JPY drifting ahead of Tokyo Core CPI
USD/JPY edges closer to 140 Markets await Japanese inflation US Treasury yields jump as debt crisis continues FOMC minutes point to uncertainty over rate path USD/JPY is drifting higher in the European session, trading at 139.61, up 0.11%. Earlier, USD/JPY touched a high of 139.70, its highest level since November and close to the symbolic 140 level.
25-05-2023 08:09 GMT by Kenneth Fisher
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Euro dips lower on weak German data
Germany's GDP contracts in Q1 German consumer confidence remains deeply pessimistic FOMC minutes shows uncertainty over rate path EUR/USD is down for a third straight day. In the European session, EUR/USD is trading at 1.0727, down 0.21%. German GDP contracts in Q1 Germany's economy contracted by 0.3% in the first quarter, after a 0.0% in Q4 2020, which was also the estimate.
25-05-2023 05:31 GMT by Kenneth Fisher
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Yuan weakness spooks China and Asia ex-Japan stock markets
USD/CNH (offshore yuan) has surged to a 6-month high of 7.08. Since late Oct 2022, the movement of USD/CNH has had a high degree of correlation with China and Asia ex-Japan equities. Positive momentum factor remains intact for USD/CNH which may add further potential headwinds for China and Asia ex-Japan equities. The earlier “China re-opening theme play” gains of +20% to +56% that were seen in the China benchmark stock indices and its proxies (such as CSI 300 & Hang Seng China Enterprises Index
25-05-2023 02:51 GMT by Kelvin Wong
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Here comes debt ceiling pain and rising risks of a Fed skip
FOMC Minutes: Officials split on whether more rate hikes are needed to fight inflation Republicans are holding the line of significant spending cuts T-bill yields surge to 7% US stocks are declining after Wall Street got hit with a one-two punch of rising debt default risks and on fears that inflation might not allow the Fed to pause their tightening cycle. The FOMC minutes showed that officials are split on continuing with rate hikes and that they will remain data dependent.  Rate cuts are unl
24-05-2023 15:53 GMT by Edward Moya
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