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.

Sterling slips as Construction PMI falters

The British pound has extended its losses on Friday. In the European session, GBP/USD is trading at 1.1847, down 0.52%. Construction PMI declines It has been a tough start to the year for the pound, which is down 2% against the dollar this week and is trading at 6-week lows.

06-01-2023 07:17 GMT by Kenneth Fisher

USD/CAD eyes Canada, US job reports

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3620, up 0.36%.

06-01-2023 05:28 GMT by Kenneth Fisher

Euro on hold ahead of Eurozone CPI

It has been a busy week for EUR/USD, although the currency is unchanged on Friday. We could see some volatility before the weekend, with the release of the eurozone inflation and US employment reports. Eurozone CPI expected to fall Market participants and ECB policy makers are eagerly awaiting December's eurozone inflation report.

06-01-2023 04:07 GMT by Kenneth Fisher

Japanese yen's slide continues

The Japanese yen is sharply lower on Thursday. In the North American session, USD/JPY is trading at 133.90 down 0.93%. What a difference a few days can make.

05-01-2023 10:53 GMT by Kenneth Fisher

Gold - A strong start to the year

OANDA Senior Market Analyst Craig Erlam discusses gold's start to the year and what it will take for it to be maintained.

05-01-2023 10:01 GMT by Craig Erlam

Euro calm as data calendar remains light

EUR/USD is almost unchanged on Thursday. The economic calendar is light, with no tier-1 events out of the eurozone.

05-01-2023 08:43 GMT by Kenneth Fisher

AUD/USD steadies after banner day

The Australian dollar has posted limited losses on Thursday. In the European session, AUD/USD is trading at 0.6822, down 0.17%. Australian dollar soars as China mulls coal imports The Australian dollar rocketed higher on Wednesday, rising 1.6% and hitting a 3-week high.

05-01-2023 05:23 GMT by Kenneth Fisher

Stocks higher on mixed US data, ISM contracts again, JOLTS impress, Salesforce layoffs, Aussie rises,, bitcoin higher but still in range

US stocks edged higher as investors grew confident that the Fed is nearing the end of its tightening cycle as the manufacturing sector is clearly in a recession, while the labor market refuses to break. This stock market rally however might be short-lived as the ISM report and JOLTS data painted a picture of a resilient labor market that should force the Fed into taking rates even higher into restrictive territory.

04-01-2023 13:46 GMT by Edward Moya

Canadian dollar jumps as US Mfg. PMI slips

The Canadian dollar is sharply higher on Wednesday. In the North American session, USD/CAD is trading at 1.3492, down 1.29%.

04-01-2023 12:04 GMT by Kenneth Fisher

Oil takes a hit, gold extends rally

Slide continues amid uncertain China outlook Oil prices have tumbled again today, hit it seems by the uncertain near-term economic prospects for China amid surging Covid cases. While reliable data is seemingly hard to come by, the view appears to be that there'll be significant disruption in the coming months and then a recovery from around the middle of the year which should then boost demand. Brent has now slipped back below $80 a barrel while WTI has fallen below $75, with both now only aroun

04-01-2023 09:10 GMT by Craig Erlam

GBP/USD pushes above 1.20

The British pound has bounced back on Wednesday and recorded sharp gains. In the European session, GBP/USD is trading at 1.2055, up 0.74%. Food inflation jumps Ask any British consumer, and they'll tell you that food prices have been going through the roof.

04-01-2023 07:35 GMT by Kenneth Fisher

Euro rebounds as German inflation falls

After a dreadful showing on Tuesday, EUR/USD has rebounded today. In the European session, the euro is trading at 1.0618, up 0.66%. Investors eye German CPI German CPI was lower than expected in December.

04-01-2023 04:56 GMT by Kenneth Fisher

Oil struggles, gold’s great start

Oil Oil prices are tumbling as risk aversion sends the dollar higher and dampens expectations that the crude demand outlook will improve anytime soon. China’s reopening has too many question marks as hospitals are overwhelmed and medical supplies run low. Crude prices could struggle here as a strong dollar could be here to stay as investors can’t pass up the yield they are getting in fixed income. Manufacturing activity globally mostly appears to be stuck in contraction territory and that mi

03-01-2023 14:58 GMT by Edward Moya

EUR/USD slides to three-week low

The US dollar is showing strong gains against the majors on Tuesday, with the exception of the Japanese yen. EUR/USD has tumbled by 1.27% and is trading at 1.0528 in Europe. Investors eye German CPI EUR/USD is sharply lower today, despite a very light economic calendar.

03-01-2023 07:14 GMT by Kenneth Fisher

Japanese yen breaks below 130

The Japanese yen has posted winning sessions for three straight days and is in positive territory on Tuesday. Japanese markets are closed today for a holiday, so any strong movement from the yen is unlikely today. It's a very light day on the economic calendar.

03-01-2023 05:43 GMT by Kenneth Fisher

Japanese yen's rally continues

The Japanese yen is in positive territory on the first trading day of the new year. US and Japan markets are both closed today, and the yen will likely continue to remain calm in holiday-thinned trading.

02-01-2023 08:45 GMT by Kenneth Fisher

EUR/USD dips lower, German PMI improves

Welcome to the first trading day of the New Year. Trading remains thin, as most markets are closed. In the European session, EUR/USD is trading at 1.0679, down 0.23%.

02-01-2023 05:16 GMT by Kenneth Fisher

Oil bouncing back, gold pushing on, bitcoin steady

Risks tilted to the upside? Oil markets are bouncing back in another volatile session at the end of the year. Going into 2023, the risks are arguably tilted to the upside, although that has been the narrative for much of the year and yet we're on course to end it not far from where we started. While producers have finally caught up with post-pandemic demand, other risks remain next year, notably Russian output amid the new price cap and its threats to cut output and not supply any countries ab

30-12-2022 12:18 GMT by Craig Erlam

Aussie finishes strong in 2022

The Australian dollar has been rising since last Friday and is in positive territory today. In the European session, AUD/USD is trading at 0.6801, up 0.37%. The final week of the year, bookended by Christmas and New Year's, is usually quiet, with reduced trading volumes and a very light economic calendar.

30-12-2022 06:56 GMT by Kenneth Fisher

Euro shrugs as Spain's inflation drops

It's the last trading day of 2022, and EUR/USD is almost unchanged in what should be a quiet day in the currency markets. In the European session, EUR/USD is trading at 1.0674, up 0.13%. Spain's CPI drops below 6% The week between Christmas and New Year's is usually very light on data, and there were no tier-1 events in Germany or the eurozone this week.

30-12-2022 06:10 GMT by Kenneth Fisher

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