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.

Will GDP shake up GBP/USD?

GBP/USD is trading quietly for a second straight day. In the North European session, GBP/USD is trading at 1.1035, down 0.18%. The pound has not posted a winning day since October 12th and has lost 400 points during that time.

11-10-2022 04:39 GMT by Kenneth Fisher

Increasingly pessimistic

European stock markets are poised for another weak open as much of Asia reopened on Tuesday to large declines. Asia is flashing red as it nears the close and Europe may be facing a similarly bleak day. JP Morgan CEO Jamie Dimon didn't hold back in his assessment of the economic outlook, adding to the warnings of the IMF and World Bank, among many others.

11-10-2022 03:20 GMT by Craig Erlam

Oil eases, gold takes a tumble

Oil eases amid more recession warnings Oil prices are paring recent gains for the second day as the IMF and World Bank warn of an increased risk of a global recession. Those warnings won't come as an enormous surprise given the immense economic headwinds as a result of the pandemic and Russia's invasion of Ukraine, not to mention the baffling decision by OPEC+ last week to cut output by two million barrels per day which will only add to them. Oil prices rose around 20% from their September lows

11-10-2022 03:16 GMT by Craig Erlam

Oil still pushing, Gold slides, bitcoin struggles

Oil higher despite weak Chinese PMI Oil prices are continuing to edge higher at the start of the week, albeit at a much slower pace with Brent now not far from $100 a barrel. OPEC+ may be comfortable with that after slashing output targets by two million barrels per day but I'm not sure anyone else will be. The Chinese PMI data overnight highlighted the challenges facing the world's largest crude importer as it tries to balance its zero-Covid policy with economic growth.

10-10-2022 12:56 GMT by Craig Erlam

NFP react: labor market remains robust, Fed can stick to hawkish shtick, dollar strength, cryptos soften post jobs data

US stocks tumbled as job strength remains, which means we most likely won’t be seeing a Fed downshift at the next FOMC meeting in November. Treasury yields rose alongside the US dollar after another solid nonfarm payroll report. The risks of the Fed remaining aggressive with the tightening of monetary policy still remains on the table.

07-10-2022 09:58 GMT by Edward Moya

Week Ahead - Earnings season is back

US It is now all about inflation data. The focus was temporarily on the labour market but everyone knows that the Fed is primarily concerned with what is happening with inflation. Wall Street will first get a look at producer prices on Wednesday and then CPI the next day. August data showed high inflation remains well-entrenched as shelter and food prices surged, while gas prices softened.

07-10-2022 09:55 GMT by Craig Erlam

Canadian dollar dips after job reports

USD/CAD has edged higher today. In the North American session, the Canadian dollar is trading at 1.3712, down 0.25%. Canada's Ivey PMI, a key barometer of the strength of the economy, underperformed in September.

07-10-2022 09:21 GMT by Kenneth Fisher

Euro dips after solid US jobs report

EUR/USD is unchanged today after a nasty two-day slide, trading at 0.9792 in the European session. The euro flirted with the symbolic parity line on Wednesday, but then plunged 200 points. German retail sales underperforms Germany wrapped up the week with soft data, although the euro shrugged off the weak numbers.

07-10-2022 08:45 GMT by Kenneth Fisher

USD/JPY eyes US nonfarm payrolls

USD/JPY has been hovering close to the 145 line most of the week, and the trend has continued today. In the European session, USD/JPY is trading at 144.81, down 0.21%. The US releases nonfarm payrolls later today.

07-10-2022 04:29 GMT by Kenneth Fisher

Caution ahead of US jobs data

Equity markets are on course to spend a third day in the red despite a strong start to the week as investors adopt a cautious approach ahead of the US jobs report. Amid all of the chaos this week, investors have always had one eye on the jobs report later today. Even earlier in the week when equity markets were rallying strongly, there was always a sense that the jobs report could spoil the party. And not because it could point to cracks appearing in the labour market; quite the opposite in fact

07-10-2022 03:27 GMT by Craig Erlam

Gold - Running into resistance

OANDA Senior Market Analyst Craig Erlam discusses the recent recovery in gold and questions whether it will continue.

06-10-2022 16:15 GMT by Craig Erlam

GBP/USD slides after Fitch's downgrade

GBP/USD is down sharply today. In the North American session, GBP/USD is trading at 1.1150 down a massive 1.58%.

06-10-2022 10:40 GMT by Kenneth Fisher

Relief rally already struggling

Equity markets have erased early gains to trade in the red on Thursday, as investors take a cautious approach ahead of Friday's jobs report. The narrative in recent days of weaker data being positive as it could be a precursor to slower tightening didn't seem sustainable and it's already proving to be the case. I think it was more a reflection of the steep sell-off in the markets and the performance of risk assets in general over the six weeks previous, rather than the data.

06-10-2022 09:31 GMT by Craig Erlam

OPEC cuts production, gold pares gains

OPEC+ boosts oil prices after large cut Oil prices are edging lower today after OPEC+ announced a huge production cut on Wednesday of two million barrels per day. With the group failing to hit output targets by a widening margin as the year has progressed, the net cut will be around half that, if not less, but that's still a substantial reduction in an already tight market. Of course, the global economy is slowing as a result of an inflation and interest rate shock - which soaring oil prices and

06-10-2022 09:19 GMT by Craig Erlam

Canadian dollar eyes Ivey PMI, job report

The Canadian dollar has posted considerable losses today. USD/CAD is trading at 1.3688, up 0.49%. Canada releases Ivey PMI for September later today, with the markets anticipating another solid release.

06-10-2022 09:01 GMT by Kenneth Fisher

NZD/USD tumbles despite RBNZ hike

NZD/USD started the day with gains but has reversed directions and is sharply lower in the North American session. The New Zealand dollar is trading at 0.5657, down 1.38%. RBNZ raises rates by 0.50% As expected, the Reserve Bank of New Zealand delivered a 0.50% hike, bringing the benchmark to 3.50%, its highest level since 2015.

06-10-2022 07:08 GMT by Kenneth Fisher

Aussie steady as retail sales match consensus

AUD/USD started the week with huge gains, but has been in calm waters since then. In the European session, the Australian dollar is trading at 0.6478, up 0.17%. Retail sales points to slowing economy The RBA's sharp tightening is having an effect on economic growth.

06-10-2022 05:19 GMT by Kenneth Fisher

OPEC cut likely, gold faces resistance

A substantial OPEC+ cut incoming Today's OPEC+ meeting has been heavily speculated about this week, as delegates have hinted at increasingly large output cuts in response to a dimming economic outlook and lower prices. Last month's warning shot of 100,000 barrels per day fell on deaf ears and the alliance may now be prepared to cut by 10 times that, even 20 if some sources are to be believed. Adding to the uncertainty is the prospect of a group cut backed up by additional unilateral reductions,

05-10-2022 12:16 GMT by Craig Erlam

NZD/USD - All eyes on RBNZ

The New Zealand dollar continues to rally. In the European session, NZD/USD is trading at 0.5746, up 0.43%. RBNZ likely to deliver 0.50% hike The Reserve Bank of New Zealand holds a meeting on Wednesday.

04-10-2022 04:41 GMT by Kenneth Fisher

RBA underwhelms with modest rate hike

AUD/USD started the day with losses, but has since recovered. The Aussie is trading at 0.6540, up 0.37%. RBA surprises with 0.25% hike The Reserve Bank of Australia was widely expected to deliver a fifth consecutive hike of 50 basis points at today's meeting, but the Bank surprised the markets with a small increase of 0.25%, which raises the cash rate to 2.35%.

04-10-2022 03:56 GMT by Kenneth Fisher

1 … 172 173 174 … 225