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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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USD/CAD steady, Bank of Canada expected to pause again
Three Fed members will deliver public statements on a very light data calendar today On Wednesday, the Bank of Canada is expected to pause, and US inflation is projected to fall to 5.2% USD/CAD is almost unchanged, trading around 1.3500 The Canadian dollar is almost unchanged, trading at 1.3501 in Europe. With no Canadian events and no tier-1 releases out of the US, we can expect a quiet day for USD/CAD.
11-04-2023 06:11 GMT by Kenneth Fisher
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Euro slips on fallout from strong US nonfarm payrolls
Financial markets in Germany and France are closed for Easter Monday Increased odds of Fed hike is weighing on the euro Eurozone releases retail sales and investor confidence on Tuesday US dollar gets a boost from solid nonfarm payrolls The US dollar is higher against all the majors today, including the euro, courtesy of the strong US employment report on Friday. The star of the show, nonfarm payrolls came in at 236,000 in March.
10-04-2023 13:06 GMT by Kenneth Fisher
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Oil drifts lower, Gold back at $2000, Bitcoin resilience
Oil lower given the risk-off tone on Wall Street Gold lower as dollar rallies as Fed rate hike bets get locked in Bitcoin rallies back towards upper boundaries of key range Oil Crude prices are drifting lower as most energy traders are still on the sidelines until we get a clearer picture on the global growth outlook.  There have been a lot of headlines but nothing is moving oil today as prices appear content hovering above the $80 given all the supply challenges.  Rising tensions between Chin
10-04-2023 11:48 GMT by Edward Moya
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Wall Street nervous over upcoming week full of risks, BOJ Gov Ueda sinks yen
Stocks lower as markets price in 71.4% chance of a quarter-point hike at May 3rd FOMC meeting Commercial bank lending drops by $105 billion in two weeks ended March 29th Yen tumbles as BOJ Gov Ueda's inaugural address sticks current ultra-dovish policies US stocks are weakening as investors are anticipating the next inflation report will seal the deal for another quarter-point rate hike by the Fed.  This is the week that could tell us that the US consumer is no longer showing resilience and
10-04-2023 11:41 GMT by Edward Moya
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USD/JPY - yen slides as Ueda says no plans for policy shift
BoJ Governor Ueda says current monetary policy is appropriate USD/JPY has climbed 1% today Japan's consumer confidence hits 10-month high Strong US employment report raises odds of a Fed hike in May BoJ's Ueda says current policy will continue Bank of Japan Governor Ueda spoke at his first news conference as head of the central bank today. It wasn't quite a State of the Union address, but Ueda's message was clear - the current monetary policy was appropriate and he had no plans to make any maj
10-04-2023 09:41 GMT by Kenneth Fisher
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Australian dollar flat in holiday-thin trading, business and consumer confidence releases next
Australian banks closed for Easter Monday, AUD/USD unchanged Australia releases Westpac consumer sentiment and NAB business confidence on Tuesday (Australian time) A solid US nonfarm payrolls report has boosted the likelihood of a Fed rate hike at the May meeting Markets await Australian confidence indicators AUD/USD is flat on Monday, as Australia is closed for a bank holiday. There are no Australian releases and no tier-1 events in the US today, which means it should be an uneventful day for
10-04-2023 07:18 GMT by Kenneth Fisher
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Week Ahead - Can CPI, Retail Sales, and Bank Earnings derail Fed rate hike odds?
The US labor market is softening, but still remains tight and that should keep the door open for policymakers to raise rates again at the May 3rd policy meeting. The focus now shifts to whether disinflation trends can get back on track.  The March inflation report is expected to show a slower monthly pace of 0.2%, down from 0.4%, while headline inflation reading is expected at 5.2% year on year, down from February’s 6.0%.
07-04-2023 11:33 GMT by Edward Moya
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In-line NFP Report Bolsters Fed Rate Hike Odds, Dollar has its day, Bitcoin unfazed
European and US stocks markets are closed for Good Friday (Europe will stay closed on Monday) US Jobs Report raised odds of a Fed rate hike at the May meeting Dollar rallied, Bitcoin little changed In March, Charles Schwab acquired $53 billion in net new client assets After a week full of softening labor market readings, today’s nonfarm payroll report showed hiring is not cooling as quickly as some where thinking.  The US jobs report was in-line with expectations, but it feels like a beat becau
07-04-2023 10:31 GMT by Edward Moya
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USD/JPY jumps after solid nonfarm payrolls release
USD/JPY has posted gains in the North American session after a solid showing from US nonfarm payrolls. Japan's real wages continued to fall, while household spending rebounded. In the North American session, USD/JPY is trading at 132.24, up 0.36% on the day. US nonfarm payrolls within expectations In the US, nonfarm payrolls was within expectations, easing concerns that the US labour market is in trouble.
07-04-2023 09:05 GMT by Kenneth Fisher
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USD/CAD shrugs despite strong Canadian job numbers
It could be a busy day for the US dollar, with the release of nonfarm payrolls later today. Canada posted a strong employment report on Thursday, as employment change and unemployment were better than expected. In the European session, USD/CAD is trading at 1.3501, up 0.07%. Nonfarm payrolls expected to ease All eyes are on US nonfarm payrolls, with a consensus estimate of 240,000 for March, following a reading of 311,000 thousand in February.
07-04-2023 05:31 GMT by Kenneth Fisher
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Wall Street ready for a long weekend, Jobless Claims confirms labor market weakness is here, Canada Jobs Impress
Wall Street looks like it is ready for both a long weekend and a nonfarm payroll report that will likely show labor market weakness is happening.  Stocks wavered most of the session as investors refrained from massive positioning before this shortened trading week wraps up. Some traders however don’t want exposure in case we get an upside surprise with the jobs report, just like Canada did today.  Stocks settled higher as job softness and Fed Bullard's comments suggest monetary policy is almost
06-04-2023 13:55 GMT by Edward Moya
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NZD/USD surges briefly after RBNZ hikes by 50 basis points
The New Zealand dollar is showing sharp movement on Wednesday after the Reserve Bank of New Zealand shocked the markets and raised rates by 50 basis points. In the US, JOLTS Jobs Openings was below expectations, raising concerns about the strength of the US labour market. In the European session, NZD/USD is trading at 0.6296, down 0.24%. RBNZ stuns markets with oversize hike The RBNZ gets the prize for shocker of the week, after the central bank delivered a 50-bp hike.
05-04-2023 06:58 GMT by Kenneth Fisher
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US jobs report eyed as weaker JOLTS data signal slack appearing in labour market
Equity markets are treading water in the middle of the week as investors weigh up what is next for the Fed following the surprise decline in JOLTS job openings, how much further the RBNZ will go in light of today's decision and what the OPEC+ cut means for oil prices and inflation. There's been a lot to take on board over the last few days and it's been a real mix of good and bad news.
05-04-2023 04:52 GMT by Craig Erlam
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NZD/USD - New Zealand dollar in holding pattern ahead of Reserve Bank decision
The New Zealand dollar is almost unchanged ahead of the Reserve Bank of New Zealand (RBNZ) rate decision on Wednesday (New Zealand time). The US releases JOLTS Job Openings. NZD/USD is trading quietly at the 0.63 line in the European session. RBNZ expected to hike by 25 bp The RBNZ is widely expected to raise rates by 25 basis points, which would bring the benchmark cash rate to 5.0%.
04-04-2023 06:34 GMT by Kenneth Fisher
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AUD/USD - Aussie dips as RBA keeps rates unchanged
The Australian dollar is in negative territory following the RBA decision to pause rates at 3.60%. The US releases JOLTS Job Openings, which is expected to fall to 10.40 million, following a prior reading of 10.82 million. In the European session, AUD/USD is trading at 0.6744, down 0.61%. RBA takes a breather The streak is over.
04-04-2023 05:11 GMT by Kenneth Fisher
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OPEC announces surprise cut, gold gains ground
OPEC+ in no mood to tolerate lower oil prices OPEC+ were the latest to ensure there's no such thing as a quiet weekend these days, announcing a surprise cut to production of more than a million barrels per day and sending prices soaring on the open. The decision clearly caught traders off guard and for good reason. Aside from the uncertain nature of the outlook, which would have been reason enough to warrant holding for now, the direction from within the cartel had indicated that no changes woul
03-04-2023 12:52 GMT by Craig Erlam
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