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.

Pound in holding pattern ahead of Fed, BOE

It has been a quiet week for the British pound, but that could change in a hurry, with the Fed announcing its rate decision later today, followed by the Bank of England on Thursday. Markets eye Fed decision It's a virtual guarantee that the Federal Reserve will raise rates at today's meeting by 25 basis points. This would bring the benchmark rate to 4.75%.

01-02-2023 12:43 GMT by Kenneth Fisher

Euro higher after eurozone inflation falls

It has been a quiet week for EUR/USD which continues to say close to the 1.09 line. The lack of activity could change in a hurry in the North American session, with the Fed rate announcement. Eurozone inflation slides in January Eurozone inflation is expected to be 8.5% in January, down from 9.2% in December and below the consensus of 9.0%.

01-02-2023 05:45 GMT by Kenneth Fisher

NZD/USD steady ahead of employment release

The New Zealand dollar has edged lower on Tuesday. In the North American session, NZD/USD is trading at 0.6462, down 0.10%. Markets await New Zealand job data New Zealand releases the Q4 employment report later today.

31-01-2023 11:51 GMT by Kenneth Fisher

Canadian dollar pares losses after GDP

The Canadian dollar has edged lower on Tuesday. In the North American session, USD/CAD is trading at 1.3410, up 0.17%.

31-01-2023 09:27 GMT by Kenneth Fisher

Aussie slides on soft retail sales

It has been a rough start to the week for the Australian dollar. AUD/USD has dropped 0.68% on Tuesday and is down 1.36% on the week.

31-01-2023 04:50 GMT by Kenneth Fisher

AUD/USD dips, retail sales next

The Australian dollar has started the week in negative territory. In the North American session, AUD/USD is trading at 0.7081, down 0.40%.

30-01-2023 11:18 GMT by Kenneth Fisher

Japanese yen remains calm

The Japanese yen had an uneventful week and edged higher on Monday. USD/JPY is trading at 130.06 in the European session, up 0.18%. US PCE slows to 4.4% Last week wrapped up with Core PCE slowing to 4.4% in December, down from 4.7% a month earlier.

30-01-2023 09:01 GMT by Kenneth Fisher

Euro starts week with gains

The euro is in positive territory on Monday. EUR/USD is trading at 1.0907 in the European session, up 0.36%. It was a quiet week for the euro, which continues to hug the 1.09 line.

30-01-2023 05:52 GMT by Kenneth Fisher

Week Ahead - All eyes on the Fed, ECB, BOE and NFP report

US Traders will focus on the FOMC decision, but they should also closely watch mega-cap tech earnings, and the nonfarm payroll report. The Fed is expected to continue slowing their rate hiking pace with a small 25 basis point rate rise. Disinflation trends are clearly here, but Core PCE suggest price pressures are coming and the labor market refuses to break and could prompt the Fed to remain vigilant with its inflation fight.

27-01-2023 14:00 GMT by Edward Moya

Sterling dips, markets await US Core PCE

The British pound is slightly lower on Friday. In the European session, GBP/USD is trading at 1.2366, down 0.37%. Will US Core PCE continue to drop? There are no UK releases today, so all eyes will be on the US Core PCE, which is considered the Federal Reserve's preferred inflation indicator.

27-01-2023 07:20 GMT by Kenneth Fisher

Australian dollar shrugs as PPI falls

The Australian dollar is almost unchanged on Friday, trading at 0.7112. Australia's PPI slips Just a day after Australian CPI unexpectedly rose, the Producer Price Index went in the opposite direction. PPI in the fourth quarter slowed to 5.8% y/y, down from 6.4% in Q3 and below the consensus of 6.3%.

27-01-2023 05:51 GMT by Kenneth Fisher

USD/JPY dips as Tokyo Core CPI rises

The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 129.76, down 0.33%. Tokyo CPI hits 4.3% Inflation indicators in Japan continue to head northwards.

27-01-2023 04:50 GMT by Kenneth Fisher

Canadian dollar rises on sharp US numbers

The Canadian dollar is in positive territory on Thursday. In the North American session, USD/CAD is trading at 1.3363, down 0.16%.

26-01-2023 11:50 GMT by Kenneth Fisher

Euro continues to drift

The euro has been in calm waters all week and the trend has continued on Thursday, as EUR/USD continues to hug the 1.09 line. What is the ECB's game plan? With inflation designated as public enemy number one, the ECB is no doubt pleased that inflation has fallen for two straight months, dropping to 9.2% in December. Still, this is well above the ECB's inflation target of 2%, and the newly-hawkish Christine Lagarde has declared that the ECB will "stay the course" to ensure that inflation comes

26-01-2023 08:51 GMT by Kenneth Fisher

Japanese yen steady ahead of Tokyo CPI

Tokyo CPI expected to rise Inflation has been on the rise in Japan and the trend is expected to continue with the release of Tokyo CPI later today. The headline figure is expected to rise to 4.4% in December, up from 4.0% in November, while the core rate is forecast to climb to 4.2%, up from 4.0%.

26-01-2023 06:16 GMT by Kenneth Fisher

AUD/USD rises as inflation jumps

The Australian dollar has extended its rally with solid gains on Wednesday. In the North American session, AUD/USD is trading at 0.7080, up 0.51%. Australian inflation jumps to 8.4% RBA policy makers are no doubt having a bad day at the office, as Australia's inflation climbed sharply in the fourth quarter.

25-01-2023 12:37 GMT by Kenneth Fisher

Canadian dollar drifting ahead of BoC

The Canadian dollar is almost unchanged on Wednesday, trading at 1.3373 in the European session. BoC expected to hike by 25 bp The Bank of Canada is expected to raise rates by 25 basis points at today's meeting, the first of the year, which would bring the cash rate to 4.50%. The BoC has been aggressive, raising rates by some 400 basis points in the current rate-tightening cycle which began in March 2022.

25-01-2023 08:41 GMT by Kenneth Fisher

NZ dollar dips after CPI unchanged

The New Zealand dollar is under pressure on Wednesday. In the European session, NZD/USD is trading at 0.6478, down 0.41%. Markets eye New Zealand CPI The New Zealand dollar reacted negatively to today's CPI release, falling as much as 0.60% before paring these losses.

25-01-2023 04:57 GMT by Kenneth Fisher

New Zealand dollar edges up ahead of CPI

The New Zealand dollar has edged higher on Tuesday and is trading just above the 0.65 line. NZD//USD is coming off a strong week, as it gained 1.39% and climbed to 7-month highs. Markets eye New Zealand CPI New Zealand releases CPI for the fourth-quarter later today, in what promises to be a closely watched release.

24-01-2023 13:04 GMT by Kenneth Fisher

GBP/USD slips on record debt, soft PMIs

The British pound has posted slight gains on Tuesday. In the European session, GBP/USD is trading at 1.2302, down 0.60%. UK debt hits record UK debt costs soared in December, sending the budget deficit to a record 27.4 billion pounds.

24-01-2023 05:21 GMT by Kenneth Fisher

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