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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.

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Japanese yen heading towards 150
USD/JPY continues to inch upwards and is trading at 149.69, up 0.31%. Yen closing in on 150 The yen hasn't managed a winning session since October 4th and it's looking likely to breach the symbolic 150 level, perhaps before the week is over. The yen hasn't traded at such low levels since 1990 and a turnaround from its prolonged slide doesn't appear likely. The Bank of Japan has been under pressure to rethink its ultra-loose policy, as the yen has plummeted and inflation has climbed above the
19-10-2022 07:22 GMT by Kenneth Fisher
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Pound falls as inflation rises
GBP/USD is in negative territory today. In the European session, the pound is trading at 1.1261, down 0.48%. Inflation rises to double-digits UK inflation rose to 10.1% in September, up from 9.9% in August and above the consensus of 10.0%.
19-10-2022 05:12 GMT by Kenneth Fisher
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New Zealand dollar extends rally
NZD/USD was up sharply earlier in the day but has pared most of those gains. In the North American session, the New Zealand dollar is trading at 0.5663, up 0.49%. New Zealand inflation higher than expected New Zealand inflation jumped 2.2% MoM in the third quarter, higher than the estimate of 1.6%.
18-10-2022 12:06 GMT by Kenneth Fisher
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GBP/USD steadies after rally
GBP/USD has edged lower today, after starting the week with sharp gains. In the North American session, GBP/USD is trading at 1.1334, down 0.18%. Pound jumps after Hunt axes tax cuts The pound continues to show strong volatility as the political saga continues in the UK.
18-10-2022 09:25 GMT by Kenneth Fisher
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Oil prices stablilise, gold rebounds
OPEC+ defends cut as oil steadies around $90 Oil prices are continuing to stabilise around $90 a barrel as OPEC+ steps up its defence of its two million barrel per day cut amid a backlash from the US, in particular. Meanwhile, the world's largest economy is reportedly considering another release of strategic reserves in order to offset the impact of the cuts and stop fuel prices jumping as midterms near. How effective the SPR release will be may well depend on whether others join as we saw ear
18-10-2022 05:55 GMT by Craig Erlam
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Flashing green
Asian stocks were flashing green on the second day of trading, while Europe is poised to open in a similarly positive manner as sentiment continues to improve, albeit from very low levels. There's still a strong feeling of a bear market rally about trading over the course of the last week. From the post-US-inflation rebound to what has now been a strong start to the week - in part driven by the UK's decision to no longer shoot itself in the foot - nothing about this screams sustainable. Of cou
18-10-2022 05:51 GMT by Craig Erlam
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USD/JPY breaks above 149
USD/JPY has edged higher today and is currently trading at 149.17. The yen has fallen for eight straight sessions, losing 500 points in that time. Yen slide continues The yen continues to set new 24-year-old lows as the dollar/yen has pushed above the 149 line.
18-10-2022 05:10 GMT by Kenneth Fisher
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Market Insights Podcast (Episode 388)
OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the new UK Chancellor's mini-budget reversal, Japanese intervention and earnings season.
17-10-2022 11:06 GMT by Craig Erlam
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Oil edges lower, gold jumps, bitcoin on the rise
Settling down? It's been another turbulent few weeks in oil markets from global growth concerns to super-sized OPEC+ output cuts and it seems they're yet to fully settle down. Brent has seen lows of $82 and highs of $98 so perhaps what we're now seeing is it finding its feet somewhere in the middle.
17-10-2022 10:07 GMT by Craig Erlam
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The mother of all U-turns
A humiliating blow Another turbulent start to the week, albeit a positive one broadly speaking with equity markets around 1% higher in Europe after a decent start to the week in Asia. Since Liz Truss became UK Prime Minister, uneventful days have eluded us and this week has also got off to another hectic start. While the Prime Minister had every intention of making waves in her first weeks in charge, she clearly didn't anticipate the storm that was brewing and I'm sure she more than anyone at
17-10-2022 10:06 GMT by Craig Erlam
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GBP/USD dips, US retail sales next
GBP/USD has reversed directions today and is in negative territory. In the European session, GBP/USD is trading at 1.1274, down 0.34%. Pound jumps on tax cut U-turn The pound continues to show strong volatility and jumped 2% on Thursday.
14-10-2022 07:02 GMT by Kenneth Fisher
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USD/JPY creeping higher
USD/JPY continues to move edge higher and is up 1.6% this week. In the European session, USD/JPY is trading at 147.67, up 0.25%. The Japanese yen is once again on a downswing, after hugging the key 145 line.
14-10-2022 05:12 GMT by Kenneth Fisher
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Oil steadies, gold edges higher, bitcoin slides
Oil steadying Oil prices are steadying again after a three-day decline that's coincided with further concerns around the economic outlook and gloomy forecasts. The output cut from OPEC+ last week triggered a surge in prices but that has partially been offset by the increasingly dire forecasts for the economy which will naturally weigh on demand.
13-10-2022 08:32 GMT by Craig Erlam
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Another wild session
More u-turns incoming? Equity markets in Europe are marginally higher as bond market concerns ease and we await the latest inflation data from the US. The Bank of England bond market intervention deadline is looming which in recent days has made investors very nervous about a potential sequel to the mini-budget doom loop that forced the central bank to respond initially. Those fears have eased slightly after the BoE made its biggest emergency purchase so far on Wednesday, totalling more than £
13-10-2022 08:32 GMT by Craig Erlam
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US Open: Stocks drop as yields rise, IMF warning, Chip stocks crushed on curbs, King Dollar advance stalls, Crude lower on demand fears, Gold still vulnerable, Bitcoin holds onto $19k for now, Google partners with Coinbase
Tech stocks are hovering near 2-year lows on bond market chaos and expectations for a gloomy earnings season. ​ Investors are nervous after this week's inflation data, Fed tightening calls will demand for more aggressive hikes beyond November and that we could be seeing another major round of selling. ​ The IMF slashed their global growth outlook and warned that the ‘worst is yet to come’.
11-10-2022 09:54 GMT by Edward Moya
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