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.

Stocks slide after labor market data reignites bond market selloff, Jobless claims don't want to rise, Oil choppy but higher on China, Gold struggles, Bitcoin anchored

US stocks are under pressure after another round of economic data suggest central bank tightening by both the Fed and ECB might have to be more aggressive. The bond market selloff returned after EU core price inflation hit fresh record highs and US jobless claims edged lower and as labor costs surged. The 10-year Treasury yield is surging, up 6.7bps to 4.058%, while the 30-year rose above 4.00% for the first time since November. The 2-year Treasury yield is 4.4 bps higher to 4.923% and seems

02-03-2023 09:55 GMT by Edward Moya

Yen edges lower, eyes on Tokyo core CPI

It has been a quiet week for the Japanese yen, but USD/JPY is showing some strength on Thursday and has pushed above the 137 line for the first time this year. Will Tokyo Core CPI continue to rise? Japan's inflation indicators have continued to point upwards. We'll get a look at Tokyo Core CPI for February later today.

02-03-2023 09:18 GMT by Kenneth Fisher

EUR/USD dips as eurozone inflation eases

The euro remains busy and is down 0.40% on Thursday, trading at 1.0624. This follows the euro gaining 0.90% a day earlier. Eurozone inflation falls to 8.6% The euro's moves today and yesterday have in large part been dictated by inflation releases.

02-03-2023 06:28 GMT by Kenneth Fisher

Mid-Market: Prepare for March Mayhem, ISM data sends 10-year tentatively to 4%, Stocks tumble as Fed signal higher rates, China's robust PMIs, Hot German inflation, AUD GDP, Oil volatile post US data and EIA report, Gold pares gains as yields surge

US stocks are falling after the ISM manufacturing report posted a modest rise that still remains in contraction territory, but prices paid came in hotter, which signals rising costs are coming. The argument for more rate hikes is elevated as material costs appear poised to rise and as the Fed has yet to see a true demand slowdown.

01-03-2023 14:31 GMT by Edward Moya

Canadian dollar steady, GDP stagnates

The Canadian dollar showed some strong gains earlier today but has pared most of these gains. In the European session, USD/CAD is trading at 1.3627, down 0.14%.

01-03-2023 09:35 GMT by Kenneth Fisher

AUD/USD jumps on inflation, China PMIs

The Australian dollar is showing strong gains for the first time in a week. AUD/USD is trading at 0.6764 in Europe, up 0.53%. Australia's inflation eases Australia's inflation fell to 7.4% in January, down from 8.4% in December and below the estimate of 8.0%.

01-03-2023 05:33 GMT by Kenneth Fisher

All cylinders are clicking for China's Economy, Manufacturing PMIs roar to highest levels in 11 years, Services remain solid. Yuan rallies, Aussie slips on soft GDP print

Global stock market turmoil might not be here to stay. Both China stocks and the yuan rallied after China PMIs show the economy is making a strong comeback.

28-02-2023 20:54 GMT by Edward Moya

Canadian dollar drifting as GDP looms

Canadian GDP expected to slow in Q4 It's a very light data calendar for Canadian releases this week, with today's GDP report the sole tier-1 event. Canada's economy is expected to slow to 1.5% y/y in the fourth quarter, following a solid 2.9% gain in Q3. A slowdown in economic activity is what the Bank of Canada is looking for, as inflation remains public enemy number one. CPI is moving in the right direction as it fell to 5.9% in January, down from 6.3% in December.

28-02-2023 07:32 GMT by Kenneth Fisher

AUD/USD eyes CPI, GDP

The Australian dollar remains under pressure and has edged lower on Tuesday. AUD/USD dropped below the 0.67 line on Monday for the first time since Jan.

28-02-2023 05:27 GMT by Kenneth Fisher

Yen stabilizes on dovish Ueda

The Japanese yen has started the week quietly after sustaining sharp losses on Friday. In the North American session, USD/JPY is trading at 136.26, down 0.17%. Ueda supports BOJ stimulus Bank of Japan Governor nominee Kazuo Ueda appeared before a second parliamentary committee on Monday and again indicated his support for the central bank's monetary policy.

27-02-2023 12:09 GMT by Kenneth Fisher

GBP/USD jumps on N. Ireland hopes

The British pound has posted sharp gains on Monday, after falling below the symbolic 1.20 level on Friday. In the European session, GBP/USD is trading at 1.2026, up 0.72%. In the UK, the economic calendar is unusually quiet this week, with no tier-1 releases.

27-02-2023 09:49 GMT by Kenneth Fisher

New Zealand dollar falls to 3-mth low

The New Zealand dollar has extended its losses on Monday, after a dismal end to the week. In the European session, NZD/USD is trading at 0.6151, down 0.20%.

27-02-2023 06:04 GMT by Kenneth Fisher

Market Insights Podcast (Episode 436)

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discussed the market reaction after the Fed's preferred inflation index accelerated, incoming BOJ Governor Ueda's testimony, cryptos, Coinbase earnings and the week ahead.

24-02-2023 15:17 GMT by Edward Moya

US Open: The Fed’s Inflation Problem, Rate hikes now priced in for next 3 meetings, Hawkish Fed speak, Oil and Gold crushed as dollar soars on rising rate hike bets, Crypto weakens

US stocks are selling off after the Fed’s preferred inflation reading comes in scorching hot, prompting bets that they will hike rates over the next three meetings. Some traders are also worried that they may need to take rates well above 6.00%. This morning is not just about PCE inflation, but also the consumer.

24-02-2023 10:38 GMT by Edward Moya

Euro steady after mixed German data

The euro is down slightly on Friday. EUR/USD has been slowly moving lower and is down 1.1% this week. German GDP misses estimate The German economy, the biggest in the eurozone, underperformed in the fourth quarter of 2022.

24-02-2023 07:21 GMT by Kenneth Fisher

Yen edges lower after BoJ's Ueda testimony

The Japanese yen is slightly weaker on Friday. In the European session, USD/JPY is trading just above the 135 line. Ueda pledges to continue easy policy Incoming Bank of Japan Governor Kazuo Ueda appeared at a parliamentary hearing on Friday and the markets were all ears.

24-02-2023 05:05 GMT by Kenneth Fisher

Yen unfazed after incoming Governor Ueda reiterates that the BOJ's current policy is appropriate.

Central bank watchers knew it would be a surprise if BOJ governor nominee Kazuo Ueda gave any substantial hints about how he will consider policy normalization. Ueda reiterated that the BOJ’s current policy is appropriate. He noted that "Japan's trend inflation is likely to rise gradually.

23-02-2023 23:03 GMT by Edward Moya

Japanese yen steady ahead of CPI report

Thursday is a bank holiday in Japan and not surprisingly, the yen is almost unchanged as it trades close to the 135 line. Japan's CPI expected to rise Japan's inflation levels are much lower than in the US, but the Bank of Japan is concerned as inflation continues to rise. We'll get a look at National Core CPI, a key inflation indicator on Friday.

23-02-2023 12:23 GMT by Kenneth Fisher

AUD/USD rises on strong capital spending

The Australian dollar has rebounded on Thursday, after a 2-day slide in which AUD/USD lost 100 points. In European trade, AUD/USD is trading at 0.6830, up 0.37%.

23-02-2023 07:59 GMT by Kenneth Fisher

NZ dollar steady after RBNZ, FOMC minutes

The New Zealand dollar remains in calm waters, with little reaction to the Reserve Bank of New Zealand's rate hike or the FOMC minutes. The RBNZ raised rates by a half-point on Wednesday, as the central bank remains aggressive in its battle to curb inflation. The move was in line with expectations and the New Zealand dollar moved higher but quickly pared those gains.

23-02-2023 06:37 GMT by Kenneth Fisher

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