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.

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

AUD/USD edges lower, CPI next

The Australian dollar is in negative territory on Tuesday. In the European session, AUD/USD is trading at 0.6898, down 0.21%.

10-01-2023 09:26 GMT by Kenneth Fisher

Euro rally fizzles after hawkish Fedspeak

The euro has run out of steam, after an impressive two-day rally that lifted EUR/USD by 2%. On Tuesday, the euro is unchanged at 1.0734. There are no major releases out of Europe or the US today, which could mean a quiet day for the euro.

10-01-2023 06:05 GMT by Kenneth Fisher

Japanese yen yawns as inflation hits 4%

The Japanese yen continues to have a quiet week. USD/JPY is showing little movement on Tuesday, trading at 131.84. Tokyo Core CPI hits 4.0% Tokyo Core CPI, a key inflation indicator, was higher than expected and in December hit 4.0% for the first time since 1982.

10-01-2023 04:01 GMT by Kenneth Fisher

Stocks rally on soft landing hopes, Goldman Layoffs, oil rallies on China optimism, gold higher, Solana impresses

US stocks are rallying as soft-landing hopes grow ahead of this week’s key CPI report that should show disinflation trends remain intact. Wall Street is pricing in the Fed to be one and done with tightening and possibly cutting rates at the end of the year. Today’s risk-on rally for stocks got a boost from a weaker dollar and optimism that China’s reopening was gaining steam. Corporate headlines are showing consistent stories of a weakening consumer which should help bring down inflation.

09-01-2023 14:27 GMT by Edward Moya

Oil rallies on China optimism, gold higher

Crude prices are rallying as China’s borders open, refiners get big quotas, and as the dollar slides. Chinese hopes for an improving reopening from Covid could help propel oil prices much higher. Oil’s downward trend was approaching critical support, so energy traders were eagerly looking for any reason to jump back into the oil trade. The macro environment seems like it is improving and that should help keep oil’s rally going. If the soft landing actually happens, oil might trade closer to

09-01-2023 14:21 GMT by Edward Moya

Euro extends rally as inflation sinks

The euro is on a tear, climbing almost 2% since Thursday. Earlier today, EUR/USD rose to 1.0731, its highest level in a month. Eurozone inflation falls sharply Germany and other eurozone members recorded lower inflation in December, and eurozone inflation was expected to also soften.

09-01-2023 09:25 GMT by Kenneth Fisher

USD/JPY eyes inflation, household data

The Japanese yen is calm on Monday and is trading slightly higher, at 132.27. The yen ended the week on a strong note, posting gains of about 1% on Friday. USD/JPY has shown significant volatility since late December.

09-01-2023 06:10 GMT by Kenneth Fisher

Canadian dollar flies on superb jobs report

The Canadian dollar has extended its gains on Monday, after climbing close to 1% on Friday. In the European session, USD/CAD is trading at 1.3396, down 0.35%. Canada creates over 100K jobs The final employment report of 2022 was a winner.

09-01-2023 04:17 GMT by Kenneth Fisher

Sterling slips as Construction PMI falters

The British pound has extended its losses on Friday. In the European session, GBP/USD is trading at 1.1847, down 0.52%. Construction PMI declines It has been a tough start to the year for the pound, which is down 2% against the dollar this week and is trading at 6-week lows.

06-01-2023 07:17 GMT by Kenneth Fisher

USD/CAD eyes Canada, US job reports

The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3620, up 0.36%.

06-01-2023 05:28 GMT by Kenneth Fisher

Euro on hold ahead of Eurozone CPI

It has been a busy week for EUR/USD, although the currency is unchanged on Friday. We could see some volatility before the weekend, with the release of the eurozone inflation and US employment reports. Eurozone CPI expected to fall Market participants and ECB policy makers are eagerly awaiting December's eurozone inflation report.

06-01-2023 04:07 GMT by Kenneth Fisher

Japanese yen's slide continues

The Japanese yen is sharply lower on Thursday. In the North American session, USD/JPY is trading at 133.90 down 0.93%. What a difference a few days can make.

05-01-2023 10:53 GMT by Kenneth Fisher

Gold - A strong start to the year

OANDA Senior Market Analyst Craig Erlam discusses gold's start to the year and what it will take for it to be maintained.

05-01-2023 10:01 GMT by Craig Erlam

Euro calm as data calendar remains light

EUR/USD is almost unchanged on Thursday. The economic calendar is light, with no tier-1 events out of the eurozone.

05-01-2023 08:43 GMT by Kenneth Fisher

AUD/USD steadies after banner day

The Australian dollar has posted limited losses on Thursday. In the European session, AUD/USD is trading at 0.6822, down 0.17%. Australian dollar soars as China mulls coal imports The Australian dollar rocketed higher on Wednesday, rising 1.6% and hitting a 3-week high.

05-01-2023 05:23 GMT by Kenneth Fisher

Stocks higher on mixed US data, ISM contracts again, JOLTS impress, Salesforce layoffs, Aussie rises,, bitcoin higher but still in range

US stocks edged higher as investors grew confident that the Fed is nearing the end of its tightening cycle as the manufacturing sector is clearly in a recession, while the labor market refuses to break. This stock market rally however might be short-lived as the ISM report and JOLTS data painted a picture of a resilient labor market that should force the Fed into taking rates even higher into restrictive territory.

04-01-2023 13:46 GMT by Edward Moya

Canadian dollar jumps as US Mfg. PMI slips

The Canadian dollar is sharply higher on Wednesday. In the North American session, USD/CAD is trading at 1.3492, down 1.29%.

04-01-2023 12:04 GMT by Kenneth Fisher

Oil takes a hit, gold extends rally

Slide continues amid uncertain China outlook Oil prices have tumbled again today, hit it seems by the uncertain near-term economic prospects for China amid surging Covid cases. While reliable data is seemingly hard to come by, the view appears to be that there'll be significant disruption in the coming months and then a recovery from around the middle of the year which should then boost demand. Brent has now slipped back below $80 a barrel while WTI has fallen below $75, with both now only aroun

04-01-2023 09:10 GMT by Craig Erlam

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