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 waiting to pop, gold enters trading range

Oil Oil’s early boost from a weakening dollar could not last as energy traders debate whether optimism was premature over an easing of Covid rules in China. Chinese officials continue to push back on the idea that a relaxation in Covid rules is coming.

07-11-2022 15:03 GMT by Edward Moya

Soaring euro punches past parity

EUR/USD has extended its impressive rally and is trading at 1.0019, up 0.60% on the day. The US dollar was broadly lower on Friday after the nonfarm payroll report and the euro rocketed 2.1%. German industrial orders rebound The week started on a high note in Germany, as Industrial Production for September rose for the first time in two months, up 0.6% MoM.

07-11-2022 12:57 GMT by Kenneth Fisher

Australian dollar rally takes a breather

AUD/USD is almost unchanged today, after sharp gains on Friday. In the North American session, AUD/USD is trading at 0.6470, down 0.02% on the day. Aussie soars after nonfarm payrolls The US dollar declined against all the major currencies on Friday, after a mixed nonfarm payrolls report left investors in a dovish mood.

07-11-2022 11:15 GMT by Kenneth Fisher

New Zealand dollar flies after US NFP

The New Zealand dollar is steady today, after ending the week with huge gains. NZD/USD is trading at 0.5934 in the North American session. US dollar slides after NFP The US dollar was broadly lower on Friday, after the nonfarm payroll report sent mixed signals about the strength of the labor market. The October reading of 261,000 was stronger than the consensus of 200,000, but it marked the smallest gain since December 2020.

07-11-2022 08:39 GMT by Kenneth Fisher

Canadian dollar soars after employment report

The Canadian dollar is almost unchanged today, trading at 1.3483. Canadian dollar flies on job gains It was a day to remember for the Canadian dollar, which rocketed almost 2% higher on Friday. The driver behind the spike was a massive gain in jobs at 108, 300 in October, up from 20,000 in September.

07-11-2022 05:54 GMT by Kenneth Fisher

Week Ahead - Control of Congress

This week will be massive for markets as investors closely watch to see how inflation moderates. In addition to watching to see if inflation comes down from a 40-year high, Wall Street will pay close attention to the midterm elections.

04-11-2022 11:36 GMT by Craig Erlam

NFP React: Stocks higher, Dollar crushed, Oil eyes $100, Gold surges, Bitcoin above $21k

US stocks went on a rollercoaster ride after another strong labor report. Stocks are rallying as Wall Street believes the Fed is on the right to bring inflation down.

04-11-2022 10:46 GMT by Edward Moya

Gold - Another crushing blow

OANDA Senior Market Analyst Craig Erlam discusses the volatility in gold around the November Federal Reserve interest rate decision.

04-11-2022 07:48 GMT by Craig Erlam

GBP/USD - Slides amid bleak forecasts

OANDA Senior Market Analyst Craig Erlam discusses the latest developments in GBP/USD as the Federal Reserve and Bank of England hike interest rates by 0.75%.

04-11-2022 07:31 GMT by Craig Erlam

Euro stems nasty slide, NFP looms

EUR/USD has rebounded and is in positive territory. In the European session, the euro is trading at 0.9794, up 0.45%.

04-11-2022 07:15 GMT by Kenneth Fisher

USD/CAD jumps ahead of US, Canada job data

The Canadian dollar is usually quiet before North American markets open, but it is sharply higher today. USD/CAD is trading at 1.3644 in Europe, down 0.73%. US nonfarm payrolls expected to slow The week wraps up with the October employment reports from the US and Canada.

04-11-2022 06:07 GMT by Kenneth Fisher

Aussie jumps, ignores RBA's tough message

AUD/USD continues to show strong volatility and is sharply higher today. In the European session, the Australian dollar is trading at 0.6338, up 0.81%.

04-11-2022 04:12 GMT by Kenneth Fisher

Yen holds own against dollar, NFP next

The yen has been steady for most of the week and is hovering around the 148 line. In the North American session, USD/JPY is trading at 148.09, up 0.12%. Yen yawns after Fed rate hike The Federal Reserve's rate meeting roiled the financial markets and sent the US dollar sharply higher against the majors, but the Japanese yen defied the trend and has held its ground.

03-11-2022 13:50 GMT by Kenneth Fisher

Hawkish Fed, dovish BOE and Norges, signs of labor weakness, bitcoin resilience

Central bank paths are diverging and that suggests the recessions are here and that FX volatility will remain elevated. The post-Fed hangover continues to keep pressure on US stocks as the impact from the first round of hikes is finally being felt.

03-11-2022 11:46 GMT by Edward Moya

Oil slumps on demand outlook, gold hurt

Oil Crude prices are struggling as China stands by its zero-COVID policy and as global central bank tightening is crushing economic activity. Central banks are signaling that tightening is quickly cooling their respective economies, which means the short-term crude demand outlook will probably get slashed. Oil is battling both a weakening global economic outlook and a surging dollar. It seems these bearish drivers won’t be easing up anytime soon and that could mean WTI crude could be vul

03-11-2022 11:39 GMT by Edward Moya

GBP/USD plunges on Powell, BOE warning

The British pound is sharply lower today. In the European session, GBP/USD is trading at 1.1179, down 1.83%.

03-11-2022 09:24 GMT by Kenneth Fisher

NZD dives as Fed pledges more tightening

The New Zealand dollar is sharply lower today. In the European session, NZD/USD is trading at 0.5761, down 0.95%. Fed raises rates 0.75%, says more to come It was a roller-coaster day for the financial markets on Wednesday, courtesy of Federal Reserve Chair Jerome Powell.

03-11-2022 07:33 GMT by Kenneth Fisher

Fed React: Stocks volatile on Fed downshift hints, ADP impresses, Maersk and Global Trade, Oil extends rally post-Fed, Gold gains, Bitcoin still above $20k

US stocks initially popped after the Fed provided enough hints that the end of the Fed tightening cycle is nearing. Stocks could not hold up their gains as Fed Chair Powell reminded markets that inflation has been high for 18 months and that it is too early to think about pausing rate hikes.

02-11-2022 15:14 GMT by Edward Moya

Swissie drifting ahead of inflation release

The Swiss franc is showing little movement for a second straight day. In the North American session, USD/CHF is trading at 0.9993, down 0.03%. Swiss consumer sentiment remains in deep-freeze Consumer confidence fell in the October survey to -47, down from -42 in the previous quarter.

02-11-2022 12:30 GMT by Kenneth Fisher

Euro shrugs after soft manufacturing data

EUR/USD is in positive territory today. In the European session, the euro is trading at 0.9905, up 0.32%. German, eurozone manufacturing PMIs fall The manufacturing sector in the eurozone continues to struggle, as PMIs in Spain, Italy and France slowed in October and remained in contraction territory, with readings below 50.0.

02-11-2022 09:20 GMT by Kenneth Fisher

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