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 drops below 1.03 as risk aversion climbs

EUR/USD has resumed its downswing and is in negative territory on Monday. In the North American session, the euro is trading at 1.0238, down 0.81%. The ECB holds its final policy meeting of the year on December 15th, and it's practically a given that the ECB will raise rates.

21-11-2022 07:46 GMT by Kenneth Fisher

Oil declines, gold dips lower

Oil slips further amid China woes The prospect of more restrictions and therefore lower demand in China has weighed on crude prices recently. Brent slipped back below $90 last week and could register the fourth day of declines if it remains in the red.

21-11-2022 04:10 GMT by Craig Erlam

US Close: Stocks fluctuate, Fed stays hawkish, dollar posts weekly gain, oil's bad week, gold declines, cryptos surprisingly find support

US stocks are acting like they are already feasted on a 12-pound turkey. Today's market moves were uninspiring as we did not learn anything new. The housing market is in a recession after existing home sales fell for a ninth straight month. The Fed is united in sticking to the hawkish script. Fed's Collins noted that a 75 basis-point rate increase is still on the table as there is no clear evidence that inflation is coming down.

18-11-2022 15:28 GMT by Edward Moya

Canadian dollar eyes inflation data

The Canadian dollar is trading quietly on Friday. USD/CAD is trading at 1.3337 in the European session, up 0.09%. RMPI, IPPI inflation indicators next Inflation was in the spotlight this week, as Canada released the CPI report for October.

18-11-2022 07:30 GMT by Kenneth Fisher

Pound rises as retail sales rebound

The British pound has pushed above the 1.19 line on Friday. GBP/USD is currently trading at 1.1924, up 0.49%. Retail sales bounce back Retail sales showed some life in October, posting a gain of 0.6% MoM.

18-11-2022 05:31 GMT by Kenneth Fisher

USD/JPY calm as inflation rises higher

The Japanese yen has edged higher on Friday and is trading at 139.90 in the European session. Japan's Core CPI beats forecast Inflation continues to creep up in Japan. Core CPI accelerated to 3.6% in October, up from 3.0% in September and edging above the consensus of 3.5%.

18-11-2022 04:18 GMT by Kenneth Fisher

Sterling steady after Autumn Statement

OANDA Senior Market Analyst Craig Erlam discusses how the pound has performed against the dollar recently and what impact the UK Autumn Statement had.

18-11-2022 02:25 GMT by Craig Erlam

Pound takes a dive, retail sales next

The British pound is sharply lower on Thursday as the US dollar has rebounded against the major currencies. In the North American session, GBP/USD is trading at 1.1787, down 1.07%.

17-11-2022 10:56 GMT by Kenneth Fisher

Oil prices fall, gold stalls

Oil slips amid easing geopolitical risk and China woes Oil prices are slipping as we move through the week, with easing geopolitical risk and Chinese demand weighing. Prices spiked earlier in the week after missiles landed in Poland, risking a dramatic escalation in the war in Ukraine.

17-11-2022 09:11 GMT by Craig Erlam

Yen dips ahead of key inflation data

The Japanese yen continues to flirt with the 140 level. In the European session, USD/JPY is trading at 140.25, up 0.51%. Japan releases the October National CPI later today, which is expected to rise to 3.5%, following the September reading of 3.0%.

17-11-2022 07:59 GMT by Kenneth Fisher

Aussie slides despite strong job data

The Australian dollar is considerably lower on Thursday. In the European session, AUD/USD is trading at 0.6671, down 1.02%. Employment data shines Australia's tight labor market got even tighter in October.

17-11-2022 06:08 GMT by Kenneth Fisher

Oil slides, gold softens

Oil Yesterday’s bullish triggers for oil prices were quickly undone today. Oil prices declined after flows from the Druzhba pipeline resumed and preliminary analysis of the missile that killed two in Poland was likely an errant missile fired by Ukraine’s defense system. It looks like we aren’t seeing an immediate escalation from the Russians and that has tentatively removed some of the short-term supply risks. Oil struggled for direction after a mixed EIA crude oil inventory report as stockp

16-11-2022 15:18 GMT by Edward Moya

Australian dollar dips as wages jump

The Australian dollar is in negative territory on Wednesday. In the North American session, AUD/USD is trading at 0.6732, down 0.34%. Australia's wage growth climbs Australia's labour market has been tight for months, with unemployment at a 50-year low of 3.5% and not enough people to fill job vacancies. This has put pressure on wages, and the dam finally burst today as wage growth posted its largest quarterly gain since 2012.

16-11-2022 12:14 GMT by Kenneth Fisher

Canadian dollar steady ahead of inflation

The Canadian dollar has edged lower on Wednesday, trading at 1.3254, down 0.18%. Canadian dollar eyes inflation The Canadian dollar has performed well in the month of November, with gains of 2.7%. The unexpectedly soft inflation report out of the US ignited risk appetite, sending equities soaring and the US dollar sharply lower.

16-11-2022 07:33 GMT by Kenneth Fisher

Pound rises even as inflation tops 11%

The British pound has moved higher on Wednesday. In the European session, GBP/USD is trading at 1.1934, up 0.56%.

16-11-2022 05:19 GMT by Kenneth Fisher

Japanese yen rises despite GDP decline

The Japanese yen hit its highest level since August 29th, as the currency powers higher. In the North American session, USD/JPY is trading at 139.17, down 0.53%. The US dollar can't find its footing, and even a soft GDP reading out of Japan hasn't put a dent in the current yen rally.

15-11-2022 11:30 GMT by Kenneth Fisher

Pound soars despite weak job data

The British pound has reversed directions on Tuesday and posted sharp gains. In the European session, GBP/USD is trading at 1.1902, up 1.22%.

15-11-2022 08:05 GMT by Kenneth Fisher

Australian dollar powers higher

The Australian dollar continues to gain ground and hit a two-month high earlier today. In the European session, AUD/USD is trading at 0.6756, up 0.85%. RBA to limit forward guidance The Reserve Bank of Australia minutes noted that the use of forward guidance had been useful during the Covid pandemic, but it would no longer remain a tool unless "appropriate".

15-11-2022 05:35 GMT by Kenneth Fisher

BoE facing tough decisions

Equity markets are looking slightly positive in early trade on Tuesday, adding to modest gains at the start of the week. While the rally is perhaps slowing a little after the strong gains of recent weeks, there doesn't appear to be much appetite at this stage to bail on it. Perhaps the experience of the last year and the huge declines in equity markets have left investors seeing substantial value and they've become excited at even the prospect of a bull run.

15-11-2022 04:20 GMT by Craig Erlam

British pound fall, jobs report next

The British pound has started the week with considerable losses. In the North American session, GBP/USD is trading at 1.1733, down 0.83%. US dollar claws back It was a week to forget for the US dollar, which tumbled against the major currencies.

14-11-2022 10:50 GMT by Kenneth Fisher

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