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 shrugs as GDP beats forecast

It promises to be a very busy week in the UK, with a host of key events on the calendar. Monday started on a positive note, as GDP for October climbed 0.5%, up from -0.6% in September and ahead of the 0.4% consensus. Investors will have plenty of data to digest, including employment, inflation, retail sales and the Bank of England rate decision.

12-12-2022 05:55 GMT by Kenneth Fisher

GBP/USD edges higher, US PPI looms

The British pound has posted slight gains today. In the European session, GBP/USD is trading at 1.2257, up 0.32%. After a rather uneventful week for the US dollar, next week could be marked by plenty of action, with a host of key releases on both sides of the pond.

09-12-2022 07:15 GMT by Kenneth Fisher

Japanese yen eyes US PPI

The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 135.92, down 0.57%. USD/JPY has been rather muted this week, with the exception of Monday, when the pair jumped 1.8%.

09-12-2022 06:36 GMT by Kenneth Fisher

NZD/USD yawns as Manufacturing Sales shines

It has been a generally muted week for the New Zealand dollar, save for Monday, when it fell by 1.3% in the aftermath of the strong US employment report. With a light economic calendar this week in both the US and New Zealand, the markets are casting an eye to next week, which is loaded with key events.

09-12-2022 04:54 GMT by Kenneth Fisher

NZD/USD extends gains ahead of Mfg. Sales

The New Zealand dollar is slightly higher on Thursday. In the North American session, NZD/USD is trading at 0.6376, up 0.34%. New Zealand manufacturing in trouble New Zealand's manufacturing sector is showing signs of strain, as high costs and hiring challenges in a tight labour market remain key problems.

08-12-2022 11:54 GMT by Kenneth Fisher

GBP/USD steady, inflation expectations next

The British pound is in negative territory on Thursday. In the European session, GBP/USD is trading at 1.2174, down 0.29%.

08-12-2022 07:48 GMT by Kenneth Fisher

USD/CAD yawns after BoC surprise

Bank of Canada surprises with 50 bp hike The Bank of Canada delivered a second straight 50-bp hike on Wednesday, which brought the cash rate to 4.25%. The markets had been split on whether the BoC would raise by 50 bp or 25 bp, pricing in 33 bp ahead of the decision.

08-12-2022 06:15 GMT by Kenneth Fisher

Oil lower, gold shines

Oil Crude prices declined as energy traders quickly abandoned bullish bets that we will see a price spike once the Russian cap on crude oil would be put in place. It seems oil markets are only caring about a steady deterioration with the demand outlook. The latest EIA crude oil inventory report showed inventories dropped less than expected and exports tumbled. Exports fell 30%, which is the lowest level since October. Gasoline inventories are rising as demand struggles. This report shows

07-12-2022 15:24 GMT by Edward Moya

Aussie shrugs off soft GDP

The Australian dollar is showing limited movement for a second successive day. In European trade, AUD/USD is trading at 0.6696, up 0.12%. Australia's GDP misses forecast Australia's economy underperformed in Q3, with a modest gain of 0.6% m/m.

07-12-2022 08:33 GMT by Kenneth Fisher

All eyes on the Bank of Canada

The Canadian dollar has edged lower on Wednesday. In the European session, USD/CAD is trading at 1.3686, up 0.25%.

07-12-2022 05:55 GMT by Kenneth Fisher

Oil tumbles, gold's safe-haven status

Oil Crude prices tumbled as recession worries dominated the headlines and as the oil market lost its tightness. It seems to have happened quickly but the crude demand outlook is getting crushed as we are in a slowdown basically across all the major economies. Supplies seem plentiful over the near-term and that has everyone hesitating on what was one of the easiest trades of the year. Energy traders are not confidently buying dips, but they will if the current selloff sends prices close to

06-12-2022 16:26 GMT by Edward Moya

Pound edges higher

The British pound has recovered after starting Tuesday with losses. In the North American session, GBP/USD is trading at 1.2247, up 0.40%. The US dollar is finally showing some improvement this week after a recent rough spell against the pound.

06-12-2022 11:20 GMT by Kenneth Fisher

USD/CAD eyes Bank of Canada meet

The Canadian dollar is slightly lower on Tuesday. In the European session, USD/CAD is trading at 1.3620, up 0.24%. What does the Bank of Canada have planned? The Bank of Canada has been aggressive in its tightening, including a whopping full-point hike in July, which brought the cash rate to 2.50%.

06-12-2022 08:24 GMT by Kenneth Fisher

Aussie steadies as RBA hikes by 25 bp

The Australian dollar is in positive territory on Tuesday, after sustaining losses of 1.4% a day earlier. In European trade, AUD/USD is trading at 0.6721, up 0.35%. RBA raises cash rate by 25 bp The Reserve Bank of Australia lifted interest rates by 25 basis points, bringing the cash rate to 3.1%.

06-12-2022 04:30 GMT by Kenneth Fisher

Euro dips lower on weak euro data

EUR/USD is steady at the start of the week. In the North American session, EUR/USD is trading at 1.0534, down 0.06%. The US dollar has been struggling and fell 1.5% against the euro last week.

05-12-2022 10:46 GMT by Kenneth Fisher

USD/JPY roars back after solid NFP

The Japanese yen has been on an impressive streak but has dropped sharply on Monday. USD/JPY is trading at 135.83, up 1.13% on the day. Nonfarm payrolls boosts US dollar The US dollar is showing some signs of life, courtesy of Friday's US employment report, which was stronger than expected.

05-12-2022 10:01 GMT by Kenneth Fisher

Australian dollar calm ahead of RBA

The Australian dollar has posted slight gains at the start of the trading week. AUD/USD is trading at 0.6801, up 0.10%. RBA likely to deliver 25-bp hike The Reserve Bank of Australia meets on Tuesday and is expected to hike by 25 bp for a third straight time.

05-12-2022 06:09 GMT by Kenneth Fisher

Oil risk, gold steadies, bitcoin cautious

Steady going into a highly uncertain weekend Oil prices are quite steady on approach to the weekend. There remains considerable uncertainty around the action OPEC+ will take when it meets on Sunday, although there's every chance that the meeting will be delayed or that discussions take longer than normal, as a result of the price cap being finalized by the EU. A cap of around $60 is now reportedly close to being signed off, the impact of which is still unclear as Russia already sells to its tr

02-12-2022 06:31 GMT by Craig Erlam

Euro pauses after sharp gains, NFP looms

EUR/USD is unchanged on Friday, trading at 1.0524. US nonfarm payrolls expected to drop to 200K The week wraps up with one of most important releases on the calendar, US nonfarm payrolls. The robust labour market is showing signs of cooling down, as rising interest rates have slowed economic activity.

02-12-2022 05:31 GMT by Kenneth Fisher

Australian dollar steady ahead of NFP

The Australian dollar has posted small gains today and is trading at 0.6816. After starting the week with sharp losses, AUD/USD has rebounded and hit a 13-week high on Thursday, at 0.6845. All eyes on US nonfarm payrolls Today's highlight is the US nonfarm employment report, with a consensus of 200,000 for November.

02-12-2022 04:45 GMT by Kenneth Fisher

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