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.

Euro drifting, markets eye PMIs

The euro showed some volatility at the start of last week but since then it has been in calm waters and has stayed close to the 1.0.7 line.We'll get a look at eurozone and German PMIs on Tuesday. ECB signals another 50 bp hike The ECB has been criticized for sending mixed messages to the markets, but Christine Lagarde was crystal clear last week when she told EU lawmakers that “in view of the underlying inflation pressures we intend to raise interest rates by another 50 basis points at our nex

20-02-2023 05:17 GMT by Kenneth Fisher

AUD/USD - A head and shoulders breakout?

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in AUD/USD and questions whether we're seeing a head and shoulders breakout.

19-02-2023 16:50 GMT by Craig Erlam

GBP/USD - Shifting Expectations

OANDA Senior Market Analyst Craig Erlam discusses how cable has responded to the change in US and UK interest rate expectations over the last couple of weeks, and what he believes the key levels to watch are.

19-02-2023 16:41 GMT by Craig Erlam

USD/JPY breaks above 135

The Japanese yen is down sharply on Friday. In the European session, USD/JPY is trading at 134.93, up 0.73%.

17-02-2023 04:39 GMT by Kenneth Fisher

EUR/USD at 3-week low after strong US data

The euro is down for a third straight day and fell earlier to 1.0629, its lowest level since Jan. 23.

17-02-2023 03:26 GMT by Kenneth Fisher

Canadian dollar extends losses

The Canadian dollar continues to lose ground on Thursday. In the North American session, USD/CAD is trading at 1.3461, up 0.50%. Soft data weighs on Canadian dollar Weak Canadian releases are weighing on the Canadian dollar, which is down about 1% this week.

16-02-2023 11:11 GMT by Kenneth Fisher

GBP/USD steadies, eyes UK retail sales

The British pound has steadied on Thursday. In the European session, GBP/USD is trading at 1.2053, up 0.25%.

16-02-2023 07:16 GMT by Kenneth Fisher

Aussie shaky after soft job data

It has been a busy session for the Australian dollar, which started the day with losses but has recovered. In European trade, AUD/USD is trading at 0.6919, up 0.23%. Mixed Australian data Australia delivered some mixed data earlier today.

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

Mid-Market Update: US stocks drop after impressive retail sales data supports the Fed’s hawkish case for more hikes, January shopping spree, Empire improves, Massive stockpile build sinks oil, Gold weakens, Crypto wavers

US stocks softened after an upside surprise with retail sales supports the idea that the Fed can remain very aggressive with fighting inflation. The US economy is looking like it will have a solid first quarter and recession doubts are getting some vindication here.

15-02-2023 11:03 GMT by Edward Moya

AUD/USD sinks on hawkish Lowe

It has been a disastrous session for AUD/USD, which has plunged 1.26% and is trading at 0.6899. Lowe says more hikes coming RBA Governor Philip Lowe faced a grilling from Australian lawmakers earlier. Higher rates and high inflation have caused a cost-of-living crisis and the RBA has been heavily criticised for the sharp rate-tightening cycle. Lowe confirmed that more rate hikes were on the way due to the need to curb inflation.

15-02-2023 07:37 GMT by Kenneth Fisher

Pound sliding despite inflation drop

UK inflation falls but remains above 10% The British pound is sharply lower on Wednesday. In the European session, GBP/USD is trading at 1.2069, down 0.88%. UK inflation continues to fall, although it clearly has a long way to go.

15-02-2023 06:14 GMT by Kenneth Fisher

Japanese yen swings on US inflation

The Japanese yen has shown some strong movement on Tuesday. In the North American session, USD/JPY is trading at 132.85, up 0.32%. US inflation slows, but less than expected US inflation in January ticked lower to 6.4%, down from 6.5% but higher than the forecast of 6.2%.

14-02-2023 09:51 GMT by Kenneth Fisher

AUD/USD unchanged ahead of US CPI

The Australian dollar is unchanged on Tuesday, after starting the week with strong gains. In the European session, AUD/USD is trading at 0.6966. Australia's Business Confidence jumps Australia's NAB Business Confidence rebounded in January, rising from 0 to 6 and above the forecast of 1 point.

14-02-2023 07:16 GMT by Kenneth Fisher

Pound steady after jobs report

UK wage growth eases The British pound is slightly higher on Tuesday, as the markets digest today's UK employment report. Wage growth rose by 5.9% in the October-December period, down from 6.5% and the lowest since the three months to July 2022.

14-02-2023 04:02 GMT by Kenneth Fisher

NZ dollar surges, eyes inflation expectations

The New Zealand dollar has started the week in positive territory. In the North American session, NZD/USD is trading at 0.6357, up 0.76%. Will NZ inflation expectations keep rising? It has been a long break for the Reserve Bank of New Zealand, which last met in November.

13-02-2023 12:19 GMT by Kenneth Fisher

Yen slides as Ueda set to lead BoJ

The Japanese yen has started the week with sharp losses. In the European session, USD/JPY is trading at 132.54, up 0.86%. Japan's GDP expected to rebound There are high hopes for the Japanese economy, which is expected to climb by 2% in the fourth quarter, following a 0.8% decline in Q3.

13-02-2023 06:17 GMT by Kenneth Fisher

Market Insights Podcast (Episode 430)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the University of Michigan Sentiment Report/inflation expectations, Japan PM Kishida's expected pick to head the BOJ, crypto weakness, and the week ahead.

10-02-2023 15:09 GMT by Edward Moya

Stocks lower as rates rise, JPY pops on BOJ Gov nominee, Russia to cut oil output, Gold lower, Bitcoin breaks below $22k

US stocks are weakened as mounting inflation risks continue to drive Fed rate hike bets. The Nasdaq is getting hit the hardest as yields are moving higher again.

10-02-2023 12:32 GMT by Edward Moya

British pound dips after soft GDP

The British pound is almost unchanged on Friday and is trading at 1.2116 in the North American session. UK avoids recession UK GDP declined 0.5% in December, following a 0.1% gain in November and worse than the forecast of -0.3%. GDP managed a 0% growth rate in Q4 after a -0.2% reading in Q3.

10-02-2023 09:08 GMT by Kenneth Fisher

Yen jumps on report of BoJ appointment

It has been a busy day for the Japanese yen, which jumped as much as 1.1% today before paring most of those gains. In the European session, USD/JPY is trading at 131.04, down 0.37%. Report says BoJ has chosen next governor The Japanese yen posted sharp gains after a Nikkei report that Kazua Ueda would be selected as the Bank of Japan's next governor.

10-02-2023 06:30 GMT by Kenneth Fisher

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