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 dips lower, gold gets boost from dovish Fed

Signs of permanent damage in oil? Oil prices are a little lower today after gradually recovering in recent days. While no one can say with confidence that a banking crisis has been averted, there is growing confidence that the actions taken by central banks, regulators, and governments have significantly reduced the odds of one, particularly a severe scenario, and that is ultimately good for the economy and crude demand. So while we saw Brent and WTI plunge to late-2021 levels amid the panic of

23-03-2023 05:10 GMT by Craig Erlam

AUD/USD gains ground, all eyes on Federal Reserve

The Australian dollar is in positive territory on Wednesday, ahead of the Federal Reserve's rate announcement. In the European session, AUD/USD is trading at 0.6681, up 0.16%. Fed expected to deliver 25 bp hike The Federal Reserve winds up its policy meeting later today and anything other than a 25 basis point hike would be a massive surprise.

22-03-2023 09:30 GMT by Kenneth Fisher

GBP/USD higher despite rise in inflation, BoE decision looms

The British pound is in positive territory on Tuesday. In the European session, GBP/USD is trading at 1.2277, up 0.50%. UK inflation accelerates For Bank of England policy makers, the "how not to start the day" manual likely included inflation climbing higher.

22-03-2023 06:10 GMT by Kenneth Fisher

Canadian dollar shrugs as inflation falls

The Canadian dollar is slightly lower on Tuesday. In the North American session, USD/CAD is trading at 1.3687, up 0.17%. Canada's CPI continues to ease Canada's headline inflation fell to 5.2% y/y in February, down from 5.9% y/y in January and beating the consensus estimate of 5.4%.

21-03-2023 10:46 GMT by Kenneth Fisher

USD/CHF - Swiss franc climbs higher, SNB meeting eyed

The Swiss franc is showing some strength on Tuesday. In the European session, USD/CHF is trading at 0.9238, down 0.58%. SNB expected to hike but by how much? The turmoil which has roiled the financial markets over the past week has eased today.

21-03-2023 09:01 GMT by Kenneth Fisher

EUR/USD - euro extends rally, market turmoil eases

The euro has put together a 3-day rally and is up again on Tuesday. In the European session, EUR/USD is trading quietly at 1.0756, up 0.30%. Financial markets settle down Let's start with some good news.

21-03-2023 06:51 GMT by Kenneth Fisher

USD/JPY - Yen steady as markets remain jittery

The Japanese yen has started the trading week quietly. In the North American session, USD/JPY is trading at 131.67, down 0.14%. The markets are coming off a week of turmoil, as the banking crisis threatens to spread.

20-03-2023 13:30 GMT by Kenneth Fisher

Oil gets support, gold breaks $2000

Oil seeing some support The sell-off in oil markets appears to be running into support following the near-20% decline over the last couple of weeks. Traders have been forced to reassess the outlook for the global economy in light of recent issues in the banking sector and it would appear they're no longer so optimistic. That may of course change as things settle down, assuming they do in the short term, but for now, they're taking a far more cautious stance.

20-03-2023 13:00 GMT by Craig Erlam

US Open: Stocks waver after UBS takeover deal/coordinated CB action/banking worries, Yen thrives on risk aversion flows, Bullish oil bets abandoned, Gold $2k, Bitcoin closer to $40k than November low

Looks like it will be another long week on Wall Street. It was a busy weekend after a Credit Suisse bailout and a coordinated effort by the Fed and other central banks to boost dollar liquidity. Despite a couple major weekend attempts to contain the risks hitting the banking system, US stocks are wavering as risk aversion won’t be going away until markets are confident that the Fed is done with their rate hiking campaign. The banking system still doesn’t have any confidence as Wall Street tri

20-03-2023 09:47 GMT by Edward Moya

Swiss franc in calm waters, but is there a storm ahead?

USD/CHF is trading quietly on Monday, after a tumultuous week. In the European session, USD/CHF is trading at 0.9276, up 0.15%. Credit Suisse takeover, central banks take action There was a flurry of activity on Sunday in response to the banking crisis which has shaved some $1 trillion from global financial shares this month.

20-03-2023 07:43 GMT by Kenneth Fisher

Euro edges lower, ECB and other central banks take joint action

After a tumultuous week in the financial markets, things appear to have settled down. The euro is showing limited movement, trading at 1.0655. Central banks move in unison to contain contagion It was anything but a quiet Sunday, as the Swiss government engineered an emergency bank merger, with UBS agreeing to buy Credit Suisse, the second largest bank in Switzerland.

20-03-2023 05:22 GMT by Kenneth Fisher

EUR/USD - Volatile amid banking fears

OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of this week's turmoil in the banking sector, following the ECB rate hike and ahead of the Fed meeting.

17-03-2023 19:30 GMT by Craig Erlam

Oil continues slide, gold higher, bitcoin surges

Terrible week continues Oil prices have been pummelled this week as turmoil in the banking sector has increased the risk of a significant economic slowdown or recession this year. Clearly, traders are not convinced that the worst is behind us which continues to weigh heavily on the price of crude, particularly going into a weekend when anything can happen, as we saw a week ago.

17-03-2023 12:14 GMT by Craig Erlam

GBP/USD - Pound steady, inflation expectations ease

We have seen some strong movement from the British pound this week, which is not surprising given the turmoil which has gripped the financial markets in the wake of the US banking crisis. In the European session, GBP/USD is showing little movement and is trading at 1.2119. Big banks to the rescue Market mayhem has been the buzzword this week, as the financial markets were shaken by the collapse of Silicon Valley Bank (SVB) over the weekend.

17-03-2023 08:43 GMT by Kenneth Fisher

USD/JPY - Yen climbs to 1-mth high on market turmoil

The Japanese yen is in positive territory on Friday, trading at 133.02, up 0.56%. USD/JPY touched a one-month low on Thursday, falling as low as 131.72. How will BoJ react to the new wage agreement? The Kazuo Ueda era has begun at the Bank of Japan.

17-03-2023 06:26 GMT by Kenneth Fisher

EUR/USD - Euro heads higher as ECB delivers 50-bp hike

It has been a busy week for the euro, reflective of the gyrations we're seeing in the financial markets. EUR/USD has bounced back from a mid-week slide and is trading at 1.0661, up 0.46% on the day. ECB moves full steam ahead In the midst of market turmoil and fears of a full-blown financial crisis, the ECB held its rate meeting on Thursday and had everyone guessing about its intentions.

17-03-2023 05:20 GMT by Kenneth Fisher

US Close: Stocks rally as bank jitters ease, No surprises from Yellen, ECB hikes, Oil rebounds, profit-taking time for gold, Bitcoin edges higher

US stocks are rallying as Wall Street worries over the banking sector are easing after the big banks offer support to First Republic and as the SNB gave Credit Suisse a lifeline. Banking jitters are fading quickly for now and that has everyone scrambling back into risky assets. Yellen Treasury Secretary Janet Yellen’s testimony to the Senate did not yield any surprises. She defended the proposed budget and reiterated that there will be a careful look at what happened with SVB.

16-03-2023 13:52 GMT by Edward Moya

A gamble from the ECB?

It's been another wild session in financial markets and the ECB had the unenviable task today of making a decision on interest rates amid all of the uncertainty and turbulence. One thing that was clear from Lagarde's press conference is that it isn't just markets that expect the tightening cycle may have come to an abrupt end following the events of recent days.

16-03-2023 13:11 GMT by Craig Erlam

Australian dollar climbs on strong employment data

The Australian dollar has taken investors on a roller-coaster ride this week, reflective of the gyrations we're seeing in the financial markets. In the North American session, AUD/USD is trading at 0.6656, up 0.56%. Australian job growth outperforms Australia's employment report for February was stronger than expected.

16-03-2023 13:04 GMT by Kenneth Fisher

New Zealand dollar extends losses as GDP contracts

The New Zealand dollar has had a busy week, which is not surprising given the turmoil which has gripped the markets. NZD/USD has extended its losses on Thursday and is trading at 0.6162, down 0.40%. New Zealand GDP declines The markets were braced for a soft GDP report for Q4, but the decline was sharper than expected.

16-03-2023 09:38 GMT by Kenneth Fisher

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