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 pares gains

EUR/USD posted strong gains earlier but was unable to consolidate. In the European session, the euro is trading at 0.9885, up 0.01%. The ECB's delivered a jumbo rate hike of 75 basis points last week, bringing the benchmark rate to 2.0%.

01-11-2022 11:39 GMT by Kenneth Fisher

Sterling sinks at start of week

After a splendid week, in which GBP/USD jumped 2.8%, the pound has reversed directions and is sharply lower today. In the North American session, GBP/USD is trading at 1.1489, down 1.07% on the day. Markets eye Bank of England The Bank of England is on track to deliver its largest interest rate hike since 1989 on Thursday.

31-10-2022 13:03 GMT by Kenneth Fisher

Aussie extends losses ahead of RBA meeting

AUD/USD is down for a third straight day. The Australian dollar is trading at 0.6395, down 0.24%. Will RBA deliver a 0.50% hike? The RBA kicks off a busy week of central bank decisions when it meets on Tuesday.

31-10-2022 09:46 GMT by Kenneth Fisher

Japanese yen falls to 148

All eyes were on the Bank of Japan rate meeting, which wrapped up on Friday. It was business as usual for the BoJ, which maintained its dovish stance.

31-10-2022 06:25 GMT by Kenneth Fisher

Is Swiss franc headed to parity?

The Swiss franc is in negative territory for a second straight day. In the European session, USD/CHF is trading at 0.9975, up an impressive 0.69% on the day. Swissie weakens on KOF barometer The KOF Economic Barometer decreased in October to 90.9, down from 92.3 in September.

28-10-2022 09:17 GMT by Kenneth Fisher

Canadian dollar slips ahead of GDP

The Canadian dollar is lower today. In the European session, USD/CAD is trading at 1.3617, up 0.39%. Markets eye Canada's GDP The week wraps up with Canada's GDP for August.

28-10-2022 07:44 GMT by Kenneth Fisher

Yen slips after BoJ holds the course

USD/JPY has posted strong gains today. In the European session, the yen is trading at 147.42, up 0.78%. BoJ maintains policy All eyes were on the Bank of Japan, which wrapped up a crucial 2-day policy meeting on Friday.

28-10-2022 03:22 GMT by Kenneth Fisher

Asia Open: Mega-Cap Disappointment, Apple/Amazon Results, Commodities Brief, Cryptos edge lower

Mixed mega-cap tech earnings won’t provide Asia with a boost. A lot went wrong for big-tech today; Apple’s holiday outlook underwhelmed, inflation pain is more noticeable, and unfavorable exchange rates will hurt future sales. The news was not all terrible for Intel shares after posting solid results alongside the announcement of a cost-cutting plan that will save $10 billion by the end of 2028. The key theme across this round of mega-cap results is that an earnings slump is here as inflation

27-10-2022 21:21 GMT by Edward Moya

Super Thursday! Massive earnings day, US GDP, ECB raises rates, FX, crypto momentum stalls

US stocks are struggling for direction after a mixed bag of earnings was accompanied by economic data that supports the idea that the economy is weakening. It looks like the economy is still headed for a recession, but that might reinforce Fed pivot calls which still seems to be driving some inflows back into equities.

27-10-2022 12:28 GMT by Edward Moya

Japanese yen hits 3-week high as BOJ meets

USD/JPY is showing little movement today, after gaining 1% on Wednesday. In the European session, USD/JPY is trading at 146.15, down 0.16%.

27-10-2022 09:35 GMT by Kenneth Fisher

Canadian dollar dips after BoC's dovish hike

The Canadian dollar is in negative territory today. In the European session, USD/CAD is trading at 1.3607, up 0.39%. Bank of Canada surprise The Bank of Canada unleashed a dovish surprise on Wednesday as it raised rates by 0.50%, below the consensus of a 0.75% hike.

27-10-2022 06:47 GMT by Kenneth Fisher

EUR/USD eyes ECB rate decision

EUR/USD is in a holding pattern ahead of today's ECB rate meeting. In the European session, the euro is trading at 1.0068, down 0.16%. ECB projected to hike by 0.75% The ECB holds its policy meeting later today, amidst difficult economic conditions in the eurozone.

27-10-2022 04:44 GMT by Kenneth Fisher

Oil rallies, gold loves falling yields

Oil Oil is mustering up a nice rally as energy traders try to price in a China recovery that will unfold over the next few months. WTI crude has strong support in the mid-$80s as the oil market still remains tight and now that a short-term peak with the dollar is in place.

26-10-2022 14:24 GMT by Edward Moya

EUR/USD punches above parity, ECB next

EUR/USD continues to power forward and has breached the parity line for the first time since September 20th. The euro is red hot, having gained 2.1% this week, as the US dollar has hit a bump in the road and is lower against all the major currencies.

26-10-2022 11:56 GMT by Kenneth Fisher

Pound surges higher, UK budget delayed

The pound has extended its gains and has gained 2.3% this week. In the European session, GBP/USD is trading at 1.1581, up 0.75% on the day. Sunak delays budget Incoming UK Prime Minister Rashi Sunak faces profound challenges on the economic front.

26-10-2022 08:17 GMT by Kenneth Fisher

USD/CAD hits 3-week high ahead of BoC

The Canadian dollar has extended its gains today, as the US dollar has retreated against all the major currencies. In the European session, USD/CAD is trading at 1.3547, down 0.44%.

26-10-2022 06:44 GMT by Kenneth Fisher

Aussie extends rally as inflation outperforms

AUD/USD is sharply higher for a second straight day. In the European session, the Australian dollar is trading at 0.6484, up 1.412.

26-10-2022 04:29 GMT by Kenneth Fisher

Canadian dollar rises, markets eye BoC

The Canadian dollar is showing some strength in today's North American session. USD/CAD is trading at 1.3649, down 0.41%. Bank of Canada expected to hike rates by 0.75% This week's calendar is unusually light, with only two events out of Canada.

25-10-2022 09:52 GMT by Kenneth Fisher

GBP/USD jumps as Sunak takes the reins

The pound has posted sharp gains today. In the European session, GBP/USD is trading at 1.1353, up 0.66%. Will Sunak be up to the job? Rashi Sunak is the new Prime Minister of the UK, the latest move in what has been a dizzying pace of political developments in the UK.

25-10-2022 09:03 GMT by Kenneth Fisher

Australian dollar steady after slide

AUD/USD has steadied today after two days of sharp swings. In the European session, the Australian dollar is trading at 0.6317, up 0.09%. It was a brutal start to the week for the Australian dollar, which sank 1.1 per cent on Monday.

25-10-2022 07:51 GMT by Kenneth Fisher

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