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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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GBP/USD under pressure, UK GDP next
GBP/USD is sharply lower on Wednesday. In the North American session, the pound is trading at 1.2093, down 0.74%. Retail sales outperform There was an unexpected surprise from the UK CBI Realized Sales today.
21-12-2022 11:25 GMT by Kenneth Fisher
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USD/CAD calm ahead of Canadian CPI
USD/CAD has posted small gains on Wednesday and is trading at 1.3631 in the European session. Canadian dollar eyes inflation report Canada releases the November inflation report later today. The inflation print will be closely watched by investors, as the releases could signal what action the Bank of Canada takes next.
21-12-2022 07:23 GMT by Kenneth Fisher
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Japanese yen steadies after massive gains
The Japanese yen is unchanged on Wednesday, taking a pause after posting huge gains a day earlier. In the European session, USD/JPY is trading at 131.68. BoJ yield move sends yen soaring It was a day to remember for the Japanese yen, which gained a staggering 3.7% against the dollar.
21-12-2022 05:45 GMT by Kenneth Fisher
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Euro eyes German consumer confidence
EUR/USD continues to drift and is showing little movement on Tuesday. In the European session, EUR/USD is trading at 1.0630, up 0.21%. German consumer confidence expected to remain low In Germany, Ifo Business Confidence improved to its highest level in five months on Monday, showing a rebound in optimism across the manufacturing and service sectors.
20-12-2022 12:21 GMT by Kenneth Fisher
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AUD/USD slides after dovish RBA minutes
The Australian dollar has posted sharp losses on Tuesday.  AUD/USD is trading at 0.6647 in the North American session, down 0.77%. Minutes - RBA considered pause The markets were hoping that the RBA minutes would provide clues as to when the RBA might wind up its tightening cycle, and the RBA appeared to deliver the goods. The minutes indicated that the central bank considered pausing its tightening in December.
20-12-2022 09:13 GMT by Kenneth Fisher
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AUD/USD moves higher ahead of RBA minutes
The Australian dollar has posted gains on Monday.  AUD/USD is trading at 0.6717 in the European session, up 0.46%. Will RBA minutes provide any clues?  The Reserve Bank of Australia releases the minutes of the December meeting later on Tuesday. The markets will be looking for some clues as to when the RBA might wind up the current tightening cycle.
19-12-2022 12:44 GMT by Kenneth Fisher
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NZD/USD shrugs off soft consumer confidence
The New Zealand dollar has started the week on a positive note. NZD/USD is trading at 0.6405 in Europe, up 0.41%. Consumer Confidence falls to record low New Zealand's Westpac Consumer Confidence dropped to its lowest level since 1988, when records first started.
19-12-2022 05:09 GMT by Kenneth Fisher
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Euro steady as PMIs edge higher
German, eurozone PMIs show improvement EUR/USD is showing limited movement on Friday, with a muted response to today's German and eurozone PMIs for December. German manufacturing improved to 47.4, up from 46.1 and above the consensus of 46.1.
16-12-2022 07:17 GMT by Kenneth Fisher
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Swiss franc reverses slide after SNB hike
SNB raises rates by 50 bp, Swiss franc rises Major central banks were in the spotlight this week, as the Federal Reserve and the European Central Bank raised rates by 50 basis points at their final meeting of the year. These moves overshadowed a 50 bp rate increase by the Swiss National Bank, where rate moves are unusual - this week's rate increase, which brought the benchmark rate to 1.0%, was only the third hike this year.
16-12-2022 05:29 GMT by Kenneth Fisher
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Fed sends yen sharply lower
The Japanese yen is in positive territory, paring some of the sharp losses from Thursday. In the European session, USD/JPY is trading at 137.12, down 0.48%. Dollar rises as Fed hints at more rate hikes The Japanese yen has shown some strength recently, but it was the dollar's day on Thursday, with broad gains against the majors.
16-12-2022 03:35 GMT by Kenneth Fisher
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Oil slumps, gold lower on strong dollar
Oil Crude prices edged lower as a section of the Keystone pipeline restarted and as global recession risks increased after a wave of central banks delivered another strong round of tightening. Oil’s recent rally is running out of steam as risk aversion runs wild. ​ The dollar might be poised to rally here and that should keep some pressure on oil prices. Gold Gold is weakening as markets worry that global central bank tightening will drive recessionary fears and keep the dollar supported here. ​
15-12-2022 12:44 GMT by Edward Moya
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Tightening Thursday (ECB & friends), US data/surveys, labor market refuses to break, oil slumps, gold lower on strong dollar, bitcoin follows broader market
US stocks didn’t stand a chance today after digesting a hawkish FOMC decision and a round of data/surveys that support the argument that the economy is recession bound. The labor market might not be breaking but it is becoming clear the consumer is weakening and manufacturing activity is in a recession. ​ US retail sales posted the largest drop in nearly a year.
15-12-2022 12:41 GMT by Edward Moya
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Aussie slides on Fed hawkishness
The Australian dollar is sharply lower on Thursday. In North American trade, AUD/USD is trading at 0.6755, down 1.58%. Australian employment shines Australia's robust labour market continues to impress, with a stellar performance in November.
15-12-2022 12:28 GMT by Kenneth Fisher
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