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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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US Close - Stocks stay hot, Dollar wavers, Oil steady, Gold rally hits a wall, Crypto momentum
US stocks are rallying as Wall Street awaits a busy earnings week as well as major GDP and core PCE data later this week that should confirm Fed calls for another downshift in tightening of rates.  Corporate earnings have been coming in softer than expected and that should continue to drive recession trends, which are what is needed to get the Fed to stop tightening. Salesforce is gaining much attention after activist Elliot Management took a multibillion-dollar stake in it.  Spotify also announ
23-01-2023 15:26 GMT by Edward Moya
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British pound dips, PMIs next
The British pound has started the new trading week in negative territory, but has manged to pare most of the losses. In the North American session, GBP/USD is trading at 1.2369, down 0.23%. Markets eye UK PMIs It's a quiet start to the week, with no UK releases and only one minor US event on Monday.
23-01-2023 11:30 GMT by Kenneth Fisher
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Euro hits 9-month high but pares gains
The euro has started the week with gains. EUR/USD briefly punched above the 1.09 line earlier today, for the first time since April but has pared these gains. Tough ECB talk boosts euro The ECB meets next on February 2nd and is widely expected to raise rates by 50 basis points.
23-01-2023 09:19 GMT by Kenneth Fisher
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EUR/USD drifting continues
The euro continues to have a very quiet week, as EUR/USD appears content to trade around the 1.08 line. Lagarde brings her message to Davos It's difficult to think of ECB President Lagarde as a hawk, as she ignored rising inflation in the eurozone for a long period, insisting that it was transitory. The ECB was late to the global tightening party and found itself scrambling to curb inflation.
20-01-2023 07:30 GMT by Kenneth Fisher
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USD/CAD eyes retail sales
The Canadian dollar is unchanged on Friday, trading at 1.3466 in the European session. We could see some volatility in the North American session, as Canada releases retail sales. Retail sales expected to decline The markets are bracing for a downturn in retail sales for November, with a forecast of -0.5% m/m for the headline figure and -0.4% for the core rate.
20-01-2023 05:41 GMT by Kenneth Fisher
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Yen edges higher ahead of Tokyo CPI
The Japanese yen has edged higher on Thursday, after showing strong volatility a day earlier. In the North American session, USD/JPY is trading at 128.48, down 0.32%. There was plenty of anticipation ahead of the Bank of Japan meeting on Wednesday, with speculation that the central bank would follow up on the December meeting and change its policy settings.
19-01-2023 10:56 GMT by Kenneth Fisher
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Central bank warnings
It's been a solid start to the year for equity markets but that optimism appears to be fading as policymakers queued up in Davos to push back against market interest rate expectations. Let's be clear on this; the markets have a much better record over the last 18 months of anticipating shifts in interest rates than central banks so to some degree these warnings will fall on deaf ears. But then, they come at a time when stocks have had a good run so perhaps it's a case of any excuse to lock in so
19-01-2023 08:38 GMT by Craig Erlam
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Will retail sales weigh on British pound?
The British pound is almost unchanged on Thursday, trading at 1.2342 in the European session. Markets brace for another decline in retail sales All eyes will be on the UK's December retail sales, which will be released on Friday. The UK consumer has been holding tight to the purse strings, which is bad news for an economy that has tipped into recession.
19-01-2023 08:16 GMT by Kenneth Fisher
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AUD/USD slides after soft Aussie job report
The Australian dollar has extended its slide on Thursday. AUD/USD is trading at 0.6884 in Europe, down 0.82%. Australian employment data disappoints Australia's December employment report was weaker than expected, sending the Australian dollar sharply lower.
19-01-2023 05:05 GMT by Kenneth Fisher
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Recession bound, Yellen restarts talks with China, BOJ, oil higher, gold holds $1900, bitcoin weakens
US stocks declined after traders digested softer economic readings that are starting to raise growth concerns. ​ The ‘bad news is good news’ rally ran out of steam as investors started to realize a recession is coming. US data A swathe of economic data confirmed that disinflation trends clearly remain in place. ​ Recession-bound risks are rising after a larger-than-expected PPI decline, a major downshift in spending, and plunging industrial production. This round of falling PPI pressures comp
18-01-2023 14:30 GMT by Edward Moya
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Australian dollar hits 5-month high on soft US data
The Australian dollar punched across the symbolic 70 line earlier on Wednesday, for the first time since August. The Aussie has given up all of these gains and is unchanged at 0.6986 in the North American session. US retail sales fall December didn't bring much cheer to retailers, as the traditional holiday season was a massive disappointment.
18-01-2023 11:52 GMT by Kenneth Fisher
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Pound jumps as inflation eases
The British pound is in full flight upwards on Wednesday. In the North American session, GBP/USD is trading at 1.2393, up 0.86%. UK inflation slows UK inflation eased for a second straight month in December.
18-01-2023 09:09 GMT by Kenneth Fisher
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US Close: A busy Tuesday (China’s GDP, Goldman, Morgan Stanley, Empire, ECB),  Commodities mixed, Cryptos soften
US stocks are wavered as traders digest mixed bank earnings, a disheartening Empire manufacturing report, and as Treasuries rally at the front-end of the curve. The Dow’s decline is mostly thanks to Goldman Sachs massive earnings miss.  China’s GDP The good outweighs the bad with the outlook for China’s economic future.  China’s latest swathe of economic data points provide significant optimism that their reopening momentum could impress throughout the year.
17-01-2023 14:02 GMT by Edward Moya
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Canadian dollar shrugs as CPI declines
It has been a quiet day in the currency markets, and the Canadian dollar has followed suit. In the North American session, USD/CAD is trading at 1.3386, down 0.15%. Canada's inflation heads lower Inflation in Canada slowed to 6.3% y/y in December, down from 6.8% a month earlier and matching the consensus.
17-01-2023 10:27 GMT by Kenneth Fisher
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EUR/USD drifting, eurozone inflation next
The euro continues to drift this week and is trading close to the 1.0820 line. This follows last week's sharp gains of 1.8%. German inflation falls - will eurozone follow suit? German Final CPI came in at -0.8% m/m in December, matching the forecast and unchanged from November.
17-01-2023 07:36 GMT by Kenneth Fisher
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USD/JPY - Calm before the storm?
The Japanese yen is in calm waters on Tuesday, as the Bank of Japan's two-day meeting starts today. In the European session, USD/JPY is trading at 128.76, up 0.18%. Markets eye BOJ meeting The markets are keeping a close eye on the BOJ meeting.
17-01-2023 05:13 GMT by Kenneth Fisher
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