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.

Recession bound, Yellen restarts talks with China, BOJ, oil higher, gold holds $1900, bitcoin weakens

US stocks declined after traders digested softer economic readings that are starting to raise growth concerns. The ‘bad news is good news’ rally ran out of steam as investors started to realize a recession is coming. US data A swathe of economic data confirmed that disinflation trends clearly remain in place. Recession-bound risks are rising after a larger-than-expected PPI decline, a major downshift in spending, and plunging industrial production. This round of falling PPI pressures comp

18-01-2023 14:30 GMT by Edward Moya

Australian dollar hits 5-month high on soft US data

The Australian dollar punched across the symbolic 70 line earlier on Wednesday, for the first time since August. The Aussie has given up all of these gains and is unchanged at 0.6986 in the North American session. US retail sales fall December didn't bring much cheer to retailers, as the traditional holiday season was a massive disappointment.

18-01-2023 11:52 GMT by Kenneth Fisher

Pound jumps as inflation eases

The British pound is in full flight upwards on Wednesday. In the North American session, GBP/USD is trading at 1.2393, up 0.86%. UK inflation slows UK inflation eased for a second straight month in December.

18-01-2023 09:09 GMT by Kenneth Fisher

Japanese yen sinks as BoJ holds steady

The Japanese yen has fallen sharply on Wednesday. In the European session, USD/JPY is trading at 129.38, up 0.96%.

18-01-2023 05:29 GMT by Kenneth Fisher

US Close: A busy Tuesday (China’s GDP, Goldman, Morgan Stanley, Empire, ECB), Commodities mixed, Cryptos soften

US stocks are wavered as traders digest mixed bank earnings, a disheartening Empire manufacturing report, and as Treasuries rally at the front-end of the curve. The Dow’s decline is mostly thanks to Goldman Sachs massive earnings miss. China’s GDP The good outweighs the bad with the outlook for China’s economic future. China’s latest swathe of economic data points provide significant optimism that their reopening momentum could impress throughout the year.

17-01-2023 14:02 GMT by Edward Moya

Canadian dollar shrugs as CPI declines

It has been a quiet day in the currency markets, and the Canadian dollar has followed suit. In the North American session, USD/CAD is trading at 1.3386, down 0.15%. Canada's inflation heads lower Inflation in Canada slowed to 6.3% y/y in December, down from 6.8% a month earlier and matching the consensus.

17-01-2023 10:27 GMT by Kenneth Fisher

EUR/USD drifting, eurozone inflation next

The euro continues to drift this week and is trading close to the 1.0820 line. This follows last week's sharp gains of 1.8%. German inflation falls - will eurozone follow suit? German Final CPI came in at -0.8% m/m in December, matching the forecast and unchanged from November.

17-01-2023 07:36 GMT by Kenneth Fisher

USD/JPY - Calm before the storm?

The Japanese yen is in calm waters on Tuesday, as the Bank of Japan's two-day meeting starts today. In the European session, USD/JPY is trading at 128.76, up 0.18%. Markets eye BOJ meeting The markets are keeping a close eye on the BOJ meeting.

17-01-2023 05:13 GMT by Kenneth Fisher

USD/JPY ends nasty slide

USD/JPY is in positive territory on Monday. In the North American session, USD/JPY is trading at 128.50, up 0.52%. The yen had an excellent week, climbing over 3% and trading at levels not seen since May 2022. Will BoJ deliver more policy moves at meeting? The Bank of Japan holds a two-day policy meeting on Tuesday and Wednesday in what could be one of the highlights of the week.

16-01-2023 09:11 GMT by Kenneth Fisher

Euro hits 9-month high

The euro is almost unchanged on Monday, trading at 1.0831. The euro is coming off a strong week, as EUR/USD rose 1.8%.

16-01-2023 06:49 GMT by Kenneth Fisher

Australian dollar edges lower

The Australian dollar has edged lower on Friday, after jumping close to 1% a day earlier. In the European session, AUD/USD is trading at 0.6950, down 0.26%. US inflation slows in December US inflation was expected to fall in December and there were no surprises.

13-01-2023 07:27 GMT by Kenneth Fisher

Canadian dollar showing strength

The Canadian dollar has edged higher on Friday. In the European session, USD/CAD is trading at 1.3341, down 0.20%.

13-01-2023 06:22 GMT by Kenneth Fisher

GBP/USD edges higher as GDP outperforms

The British pound is slightly higher on Friday. GBP/USD is trading at 1.2234, up 0.24%.

13-01-2023 04:25 GMT by Kenneth Fisher

Dollar slips after inflation data

OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of the US inflation data.

12-01-2023 16:26 GMT by Craig Erlam

Volatile session after another cool CPI report, Fed’s Harker/Collins support another downshift, Claims suggest labor still too strong, Oil rallies on weaker dollar, Gold tests $1900, Bitcoin nears $18,500

US stocks initially rallied as inflation continues to ease and as Fed members are clearly signaling a smaller tightening pace going forward. The dollar also headed lower as a subdued inflation report should let the Fed slow their hiking pace again. It became clear fairly quickly that stocks would not hold onto initial gains as we will likely remain being data-dependent going forward. The labor market is still hot and much of the relief we saw with energy prices appears to be going away this mon

12-01-2023 10:28 GMT by Edward Moya

GBP/USD drifting, UK GDP next

The British pound is drifting for a third straight day. In the European session, GBP/USD is trading at 1.2161, down 0.09%.

12-01-2023 07:06 GMT by Kenneth Fisher

Japanese yen jumps on BoJ report

The Japanese yen has awoken from this week's slumber and is sharply higher on Thursday. In the European session, USD/JPY is trading at 130.96, down 1.16%. BOJ may be planning review of policy The BOJ has been in the headlines since the December meeting when it widened the band around its 10-year bond yield target.

12-01-2023 05:02 GMT by Kenneth Fisher

Japanese yen edges lower

The Japanese yen continues to have a quiet week. USD/JPY has edged up 0.20% and is trading at 132.50. Markets await US inflation report There is optimism in the air ahead of the US inflation report for December.

11-01-2023 11:55 GMT by Kenneth Fisher

EUR/USD close to 6-month high

The euro is drifting on Wednesday, trading at 1.0730. EUR/USD has climbed about 1% this week, and Monday's high of 1.0760 is its highest level since June 22nd.

11-01-2023 07:18 GMT by Kenneth Fisher

Australian dollar shrugs as CPI jumps

The Australian dollar is trading quietly on Wednesday. AUD/USD is at 0.6904, up 0.14%. Australian CPI climbs to 7.3% Australian inflation pushed higher in November, rising to 7.3% following a 6.9% gain in October.

11-01-2023 04:18 GMT by Kenneth Fisher

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