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.

US Close- stock rally continues, US manufacturing activity contracts, oil lower, gold steady, Asia in focus, PM Sunak, ethereum gains

US stocks rallied as momentum builds on calls that the Fed will be tapping the tightening brakes after next week’s policy meeting and ahead of mega-cap tech earnings. No one wants to aggressively buy big tech stocks until we hear this week's big earnings from Apple, Alphabet, and Amazon. Investors are getting more confident that inflation will soften as the consumer rethinks massive purchases. Fed rate hike expectations will remain volatile, but expectations are growing that a weaker economy w

24-10-2022 14:41 GMT by Edward Moya

Canadian dollar starts week with losses

The Canadian dollar has started the week with losses. In the North American session, USD/CAD is trading at 1.3721, up 0.57%. The week ended on a high note, as Canadian retail sales for August were stronger than expected.

24-10-2022 12:03 GMT by Kenneth Fisher

Pound drifting, Sunak takes over as PM

The pound pushed higher at the start earlier today but has given up all of these gains. GBP/USD is trading at 1.1293, down 0.03%. Sunak takes over as PM Rushi Sunak has become the new UK Prime Minister after Penny Mordaunt dropped out of the Conservative leadership race.

24-10-2022 09:51 GMT by Kenneth Fisher

Euro slips lower on soft German PMIs

EUR/USD has edged lower at the start of the week. In the European session, EUR/USD is trading at 0.9824, down 0.37%. Manufacturing, services PMI point to contraction Germany is the locomotive of the Eurozone, and a faltering economy means trouble for the entire bloc.

24-10-2022 07:29 GMT by Kenneth Fisher

Another whipsaw day for the yen

The Japanese yen is sharply lower today, as USD/JPY has climbed 1.2% and is trading at 149.41 in Europe. The yen continues to exhibit strong swings for a second straight session. The yen started the week with sharp gains and jumped to 145.28, but the dollar has recovered and pushed the yen back above 149.

24-10-2022 05:55 GMT by Kenneth Fisher

Market Insights Podcast (Episode 390)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the UK PM resignation and what will come next, FX intervention, Snap earnings, and the week ahead.

22-10-2022 06:04 GMT by Craig Erlam

British pound sinks on Truss turmoil

Pound slides on Truss resignation fallout The British pound is showing strong volatility in the wake of Prime Minister's Truss resignation. Truss resigned on Thursday after just 44 days in office, and the pound jumped as much as 1% before paring most of the gains.

21-10-2022 07:29 GMT by Kenneth Fisher

Aussie falls on Fed's Harker's comments

AUD/USD has dropped lower today and is trading at 0.6252, down 0.43%. Fed expected to remain aggressive The Federal Reserve has signalled that it plans to remain hawkish, as the relentless battle with spiralling inflation continues. This aggressive stance was reaffirmed by Philadelphia Federal Reserve President Patrick Harker on Thursday.

21-10-2022 06:27 GMT by Kenneth Fisher

Canadian dollar dips ahead of retail sales

The Canadian dollar is in negative territory today, as the US dollar is higher against the major currencies. In the European session, USD/CAD is trading at 1.3827, up 0.45%. Canada retail sales expected to improve Canada releases retail sales for August later today.

21-10-2022 05:30 GMT by Kenneth Fisher

Yen steady as inflation hits 31-year high

Core CPI hits 3.0% Inflation in Japan continues to rise. Core CPI rose to 3.0% YoY in September, its highest level since August 1991.

21-10-2022 04:09 GMT by Kenneth Fisher

USD/JPY - Testing Japan's resolve

OANDA Senior Market Analyst Craig Erlam discusses the latest moves in USDJPY as the pair hits 150 and intervention warnings keep coming.

20-10-2022 12:52 GMT by Craig Erlam

Oil rises on SPR, gold gains ground

Oil settling into a range Oil prices are higher on Thursday which comes after President Joe Biden confirmed the release of the final 15 million barrels from the SPR, as part of the 180 million previously agreed, and warned more could follow. That was already priced into the markets though and the price has fallen quite heavily over the last week and a half.

20-10-2022 12:48 GMT by Craig Erlam

Oil higher on possible Chinese COVID pivot, gold rebounds

Energy US natural gas declined to the lowest levels since March as supply concerns have slightly improved. Over the past week, energy traders have digested a few winter weather forecasts and it seems many are thinking the south will be drier and warmer than usual, while the northern tier, Midwest and Ohio valley could have a colder winter. Oil prices rallied on hopes that China is starting to pivot with their COVID quarantine guidelines and as energy traders start to price in a hard floor for

20-10-2022 12:27 GMT by Edward Moya

Euro gains ground on soft US data

EUR/USD has posted considerable gains and is back above the 0.98 level. In the North American session, EUR/USD is trading at 0.9828, up 0.57%. US housing, manufacturing data decline As the Federal Reserve continues to deliver outsized interest rate hikes, the financial markets are closely monitoring US economic data, looking for signs of a slowdown.

20-10-2022 12:18 GMT by Kenneth Fisher

PM Truss resigns, British pound gains ground

Prime Minister Truss resigns The political soap opera continues in the UK, with Prime Minister Truss playing the part of the tragic hero. Truss resigned earlier today, which was perhaps not all that surprising given the chaos that has engulfed her government from the get-go.

20-10-2022 10:03 GMT by Kenneth Fisher

Aussie briefly drops after jobs report

AUD/USD dropped close to 100 points in the Asian session but has recovered and is trading in positive territory. Australia's labour market remains solid Australia released September's employment report earlier Thursday, which indicated that the labour market remains robust. The economy added 13,300 full-time jobs, with a decline of 12,400 part-time jobs.

20-10-2022 06:10 GMT by Kenneth Fisher

USD/JPY breaches 150

USD/JPY continues to gain ground USD/JPY is almost unchanged today but hit a milestone in the Asian session as it briefly darted above the 150 line, which has psychological significance. This marked the yen's lowest level since August 1990 as the currency continues to slide.

20-10-2022 04:51 GMT by Kenneth Fisher

AUD/USD eyes job data

AUD/USD is considerably lower today, trading at 0.6273, down 0.57%. Employment data expected to remain strong Australia releases employment data on Thursday, with the markets expecting that the report will show that the labour market remains robust. The economy is forecast to have created 25,000 jobs in September, following the 35,000 gain in August.

19-10-2022 12:04 GMT by Kenneth Fisher

Canadian dollar yawns after inflation report

USD/CAD pushed higher earlier in the day but has pared most of those gains. In the North American session, the Canadian dollar is trading at 1.3757, up o.17%. Canada's CPI ticks lower Headline inflation ticked lower to 6.9% in September, down from 7.0% in August.

19-10-2022 10:33 GMT by Kenneth Fisher

Earnings buoy Wall Street

Trading is mixed in Europe on Wednesday, with Wall Street eyeing a slightly stronger open amid bumper Netflix earnings. Netflix is a hit Netflix results are expected to be a hit on Wall Street when the bell rings on Wednesday, with pre-markets pointing to a more than 13% rally in the stock. The streaming company reported revenues and earnings that comfortably surpassed expectations, while subscriber growth more than doubled forecasts.

19-10-2022 07:35 GMT by Craig Erlam

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