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.

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

Swiss franc touches 9-month high

The Swiss franc is steady on Friday. In the European session, USD/CHF is almost trading at 0.9240, up 0.08%.

30-12-2022 04:29 GMT by Kenneth Fisher

Euro higher as US jobless claims rise

We're seeing limited movement in the currency markets this week, which is not uncommon during the week between Christmas and New Year's. Trading volume remains thin and the data calendar is very light.

29-12-2022 10:49 GMT by Kenneth Fisher

British pound quiet as a mouse

The British pound has shown little movement since before Christmas and remains quiet on Thursday. This is not surprising as trading volumes are down during the holidays and there are few key events on the calendar this week.

29-12-2022 07:48 GMT by Kenneth Fisher

Japanese yen rebounds on BOJ purchases

The Japanese yen has posted gains on Thursday, putting the brakes on this week's dollar rally of over 1%. In the European session, USD/JPY is trading at 133.64, down 0.60%. This week has been marked by low liquidity, with many traders closing their books or taking a holiday at the end of the year.

29-12-2022 06:07 GMT by Kenneth Fisher

New Zealand dollar pares sharp gains

The New Zealand dollar has posted gains on Wednesday. In the North American session, NZD/USD is trading at 0.6306, up 0.49%.

28-12-2022 12:49 GMT by Kenneth Fisher

Swiss franc showing strength

Market activity is subdued on Wednesday in thin post-holiday trade. In the European session, USD/CHF is almost trading at 0.9280, down 0.14%. Over the final two months of the year, the Swiss franc has looked sharp against the US dollar.

28-12-2022 07:30 GMT by Kenneth Fisher

Yen extends losses after summary of opinions

The Japanese yen continues to lose ground this week and is in negative territory on Wednesday. In the European session, USD/JPY is trading at 134.11, up 0.49%. Post-Christmas holiday trading remains thin, but USD/JPY has made steady gains and climbed 1% this week.

28-12-2022 04:47 GMT by Kenneth Fisher

Japanese yen dips, inflation rises

US and Japanese markets are open on Tuesday, but trading remains thin after the Christmas holiday. There are some key Japanese events on the calendar, although US releases are all tier-2 events.

27-12-2022 12:21 GMT by Kenneth Fisher

Canadian dollar ends week with gains

Canadian and US markets are closed on Monday and we are seeing very little movement from USD/CAD at the start of the new trading week. Canada's GDP stays steady Ahead of the Christmas holiday, there was plenty of action on Friday. Canada's GDP remains steady, with a modest 0.1% gain in November, identical to the October release.

26-12-2022 12:03 GMT by Kenneth Fisher

Yen edges lower, Kuroda says no exit planned

With most financial markets closed on Monday, trading will be thin. Japanese markets are open and USD/JPY has edged higher, trading at 132.82, up 0.34%. Kuroda plays down yield curve move The Bank of Japan announced a policy change last week, and the ramifications were massive for the Japanese yen, as USD/JPY jumped as much as 4.8% following the move.

26-12-2022 06:23 GMT by Kenneth Fisher

Yen steady after core inflation as expected

The dust is beginning to settle after the Bank of Japan's stunning move earlier this week. At its policy meeting, the BoJ widened the yield curve on long-term bonds from 0.25% to 0.50%. The move blindsided the markets, which had anticipated a ho-hum BoJ meeting with no changes in policy.

23-12-2022 07:48 GMT by Kenneth Fisher

Canadian dollar eyes GDP, US data

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3600, down 0.33%. We could see stronger movement from the Canadian dollar in the North American session, with key events in both Canada and the US.

23-12-2022 06:43 GMT by Kenneth Fisher

US Close: bye-bye Santa rally, grinch selloff is here to stay, US data, Micron gloom, oil wavers, gold drops, cryptos lower

The Grinch selloff is firmly in place after Micron delivered a gloomy outlook and as better-than-expected US economic data supported the Fed's case for more ongoing rate increases. Global coordinated central bank tightening has yet to fully impact most of the economic readings for the major economies and that should have investors nervous over earnings downgrades and credit risks. US data Following another round of economic data, the US economy doesn’t look like it wants to head into a reces

22-12-2022 14:01 GMT by Edward Moya

Japanese yen steady ahead of CPI

The Japanese yen has edged higher on Thursday. In the European session, USD/JPY is trading at 132.09, down 0.27%. The dust has settled after Tuesday's dramatic events, when the yen shot up 3.7%.

22-12-2022 08:09 GMT by Kenneth Fisher

Euro steady on light data calendar

EUR/USD continues to drift this week, content to stick close to the 1.06 line. There are no eurozone releases today, so I expect the euro to continue treading in place for the remainder of the day. This week's data calendar in Europe has been very light, with mostly tier-2 releases.

22-12-2022 07:16 GMT by Kenneth Fisher

Canadian dollar yawns after mixed CPI report

The Canadian dollar continues to have an uneventful week. USD/CAD is unchanged on Thursday, trading at 1.3608 in the European session. Canada's CPI slows to 6.8% There was mixed news from Canada's November inflation report and the Canadian dollar showed little reaction.

22-12-2022 05:50 GMT by Kenneth Fisher

Euro steady after German consumer confidence

EUR/USD continues to have a quiet week, as the euro appears content to trade close to the 1.06 line. German consumer confidence ticks higher Germany's consumer confidence is inching higher but remains buried in negative territory. The GfK Consumer Sentiment Index is forecasting a read of -37.8 for January, up slightly from -40.1 in December and above the consensus of -38.0 points.

21-12-2022 13:39 GMT by Kenneth Fisher

1 … 163 164 165 … 228