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.

US Close: bye-bye Santa rally, grinch selloff is here to stay, US data, Micron gloom, oil wavers, gold drops, cryptos lower

The Grinch selloff is firmly in place after Micron delivered a gloomy outlook and as better-than-expected US economic data supported the Fed's case for more ongoing rate increases. Global coordinated central bank tightening has yet to fully impact most of the economic readings for the major economies and that should have investors nervous over earnings downgrades and credit risks. US data Following another round of economic data, the US economy doesn’t look like it wants to head into a reces

22-12-2022 14:01 GMT by Edward Moya

Japanese yen steady ahead of CPI

The Japanese yen has edged higher on Thursday. In the European session, USD/JPY is trading at 132.09, down 0.27%. The dust has settled after Tuesday's dramatic events, when the yen shot up 3.7%.

22-12-2022 08:09 GMT by Kenneth Fisher

Euro steady on light data calendar

EUR/USD continues to drift this week, content to stick close to the 1.06 line. There are no eurozone releases today, so I expect the euro to continue treading in place for the remainder of the day. This week's data calendar in Europe has been very light, with mostly tier-2 releases.

22-12-2022 07:16 GMT by Kenneth Fisher

Canadian dollar yawns after mixed CPI report

The Canadian dollar continues to have an uneventful week. USD/CAD is unchanged on Thursday, trading at 1.3608 in the European session. Canada's CPI slows to 6.8% There was mixed news from Canada's November inflation report and the Canadian dollar showed little reaction.

22-12-2022 05:50 GMT by Kenneth Fisher

Euro steady after German consumer confidence

EUR/USD continues to have a quiet week, as the euro appears content to trade close to the 1.06 line. German consumer confidence ticks higher Germany's consumer confidence is inching higher but remains buried in negative territory. The GfK Consumer Sentiment Index is forecasting a read of -37.8 for January, up slightly from -40.1 in December and above the consensus of -38.0 points.

21-12-2022 13:39 GMT by Kenneth Fisher

GBP/USD under pressure, UK GDP next

GBP/USD is sharply lower on Wednesday. In the North American session, the pound is trading at 1.2093, down 0.74%. Retail sales outperform There was an unexpected surprise from the UK CBI Realized Sales today.

21-12-2022 11:25 GMT by Kenneth Fisher

USD/CAD calm ahead of Canadian CPI

USD/CAD has posted small gains on Wednesday and is trading at 1.3631 in the European session. Canadian dollar eyes inflation report Canada releases the November inflation report later today. The inflation print will be closely watched by investors, as the releases could signal what action the Bank of Canada takes next.

21-12-2022 07:23 GMT by Kenneth Fisher

Japanese yen steadies after massive gains

The Japanese yen is unchanged on Wednesday, taking a pause after posting huge gains a day earlier. In the European session, USD/JPY is trading at 131.68. BoJ yield move sends yen soaring It was a day to remember for the Japanese yen, which gained a staggering 3.7% against the dollar.

21-12-2022 05:45 GMT by Kenneth Fisher

Stocks to try end slide, BOJ stuns markets, housing weakness, modest crypto gains

US stocks are attempting to snap a four-day losing streak even as hopes for a Santa Claus rally fade away. The BOJ's yield pivot sent the dollar tumbling which gave all risky assets a little jingle.

20-12-2022 12:44 GMT by Edward Moya

Euro eyes German consumer confidence

EUR/USD continues to drift and is showing little movement on Tuesday. In the European session, EUR/USD is trading at 1.0630, up 0.21%. German consumer confidence expected to remain low In Germany, Ifo Business Confidence improved to its highest level in five months on Monday, showing a rebound in optimism across the manufacturing and service sectors.

20-12-2022 12:21 GMT by Kenneth Fisher

AUD/USD slides after dovish RBA minutes

The Australian dollar has posted sharp losses on Tuesday. AUD/USD is trading at 0.6647 in the North American session, down 0.77%. Minutes - RBA considered pause The markets were hoping that the RBA minutes would provide clues as to when the RBA might wind up its tightening cycle, and the RBA appeared to deliver the goods. The minutes indicated that the central bank considered pausing its tightening in December.

20-12-2022 09:13 GMT by Kenneth Fisher

USD/JPY rockets after BoJ shocker

The Japanese yen has sent the dollar tumbling on Tuesday. USD/JPY has fallen 3.26% and is trading at 132.44 in Europe.

20-12-2022 05:44 GMT by Kenneth Fisher

AUD/USD moves higher ahead of RBA minutes

The Australian dollar has posted gains on Monday. AUD/USD is trading at 0.6717 in the European session, up 0.46%. Will RBA minutes provide any clues? The Reserve Bank of Australia releases the minutes of the December meeting later on Tuesday. The markets will be looking for some clues as to when the RBA might wind up the current tightening cycle.

19-12-2022 12:44 GMT by Kenneth Fisher

Euro edges up as Business Climate improves

EUR/USD has edged higher on Monday. In the European session, EUR/USD is trading at 1.0610, up 0.24%. The week started on a positive note as German business confidence climbed in December.

19-12-2022 08:29 GMT by Kenneth Fisher

USD/JPY dips on possible policy tweak

The Japanese yen has started the week in positive territory. In the European session, USD/JPY is trading at 136.22, down 0.38%.

19-12-2022 06:49 GMT by Kenneth Fisher

NZD/USD shrugs off soft consumer confidence

The New Zealand dollar has started the week on a positive note. NZD/USD is trading at 0.6405 in Europe, up 0.41%. Consumer Confidence falls to record low New Zealand's Westpac Consumer Confidence dropped to its lowest level since 1988, when records first started.

19-12-2022 05:09 GMT by Kenneth Fisher

EUR/USD - A bullish breakout?

OANDA Senior Market Analyst Craig Erlam discusses how EURUSD has traded in the aftermath of the Fed and ECB interest rate decisions.

16-12-2022 08:17 GMT by Craig Erlam

Euro steady as PMIs edge higher

German, eurozone PMIs show improvement EUR/USD is showing limited movement on Friday, with a muted response to today's German and eurozone PMIs for December. German manufacturing improved to 47.4, up from 46.1 and above the consensus of 46.1.

16-12-2022 07:17 GMT by Kenneth Fisher

Swiss franc reverses slide after SNB hike

SNB raises rates by 50 bp, Swiss franc rises Major central banks were in the spotlight this week, as the Federal Reserve and the European Central Bank raised rates by 50 basis points at their final meeting of the year. These moves overshadowed a 50 bp rate increase by the Swiss National Bank, where rate moves are unusual - this week's rate increase, which brought the benchmark rate to 1.0%, was only the third hike this year.

16-12-2022 05:29 GMT by Kenneth Fisher

Fed sends yen sharply lower

The Japanese yen is in positive territory, paring some of the sharp losses from Thursday. In the European session, USD/JPY is trading at 137.12, down 0.48%. Dollar rises as Fed hints at more rate hikes The Japanese yen has shown some strength recently, but it was the dollar's day on Thursday, with broad gains against the majors.

16-12-2022 03:35 GMT by Kenneth Fisher

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