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.

Yen slumps as Powell pledges tighter policy

The Japanese yen has started the week with sharp losses, with USD/JPY rising as high as 139.00 earlier today. In the European session, USD/JPY is trading at 138.52, up 0.75%. The month of August can't end soon enough for the yen, as USD/JPY has climbed 4.0%.

29-08-2022 07:58 GMT by Kenneth Fisher

Aussie tumbles after hawkish Powell

The Australian dollar has started the week in negative territory, extending the sharp losses seen on Friday. In the European session, AUD/USD is trading at 0.6849, down 0.63%. US dollar flies after Powell's rate remarks The US dollar ended the week on a high note, courtesy of Fed Chair's hawkish speech at the Jackson Hole Symposium on Friday.

29-08-2022 04:58 GMT by Kenneth Fisher

Week Ahead - Fed needs more data

What will the jobs report tell us? The build-up to the Jackson Hole symposium last week was quite tense. Investors have spent the weeks since the July Federal Reserve meeting celebrating the "dovish pivot" and then in the days leading up to Powell's speech, doubt started to creep in.

26-08-2022 15:19 GMT by Craig Erlam

Jackson Hole Reaction: No doves allowed, ECB hike expectations rise, Oil slumps, Gold lower, Bitcoin dips below $21k

US stocks declined after Fed Chair Powell delivered a short and clear message that they will continue to raise rates and hold them at a higher level until they are confident inflation is under control. The market reaction was for rate cuts to get priced further out and a minimal boost for additional pricing to get done before the end of the year. Powell is not budging on having restrictive policy and that should mean the economy will steadily weaken going forward. Powell drove home the point t

26-08-2022 11:19 GMT by Edward Moya

Euro edges up to parity ahead of Powell

EUR/USD has edged higher today and is trading at the parity line. It could be a volatile North American session, with Fed Chair Powell addressing the Jackson Hole central bank conference. German consumer confidence slides Germany posted another soft release today in what has been a miserable week.

26-08-2022 07:55 GMT by Kenneth Fisher

Oil stable at $100, gold eyes Powell speech

Oil steadies around $100 Oil prices are a little higher, with Brent hovering around $100 a barrel and WTI above $93. It's been well supported this week by comments from Saudi Arabia Energy Minister Abdulaziz bin Salman, who claimed there's a disconnect between market pricing and fundamentals, suggesting OPEC+ could cut output in the future. Suddenly the prospect of a nuclear deal between the US and Iran, or a global growth slowdown, isn't quite the bearish development for oil that many hoped.

26-08-2022 06:56 GMT by Craig Erlam

All eyes on Jackson Hole

The day we've all been waiting for has finally arrived as Jerome Powell prepares for his keynote speech at Jackson Hole. I have no doubt Powell will have chosen his words very carefully today, all too aware of the consequences of even the smallest deviation in his intended message. It's a little ridiculous that markets put so much weight on such things but that is the situation we are in and I expect the Fed Chair will be very clear in the message he wants to send. The difficulty for Powell stem

26-08-2022 06:45 GMT by Craig Erlam

USD/JPY hits 137, Powell speech eyed

The Japanese yen is in negative territory today. USD/JPY is trading at 136.90 in the European session, up 0.34%. It has been a relatively quiet week for the yen, which is trading exactly where it started the week, around the 137 line.

26-08-2022 05:26 GMT by Kenneth Fisher

Oil seesaws, gold edges higher

Oil Crude prices initially edged higher as we get further reports that OPEC+ is seriously considering lowering production and after the latest round of US economic data and Fed speak suggests the economy is still in a good position to handle more rate increases. Oil will start to form a key trading range until Fed Chair Powell's speech at Jackson Hole.

25-08-2022 13:12 GMT by Edward Moya

EUR/USD near parity, Powell speech next

The euro has posted gains today and briefly punched above the symbolic parity line. In the North American session, EUR/USD is trading at 0.9978, up 0.11%. German business confidence dips It seems that whatever angle you examine Germany's economy, things are not looking good.

25-08-2022 11:19 GMT by Kenneth Fisher

Oil's outlook, gold steadies

Oil poised to rise Despite global recession fears, oil prices are poised to be supported as energy investments have been depressed. The tug-of-war between crude demand destruction and a plethora of drivers on why the oil market will remain tight should still suggest prices won’t fall much lower. Oil’s outlook still looks positive here as shale is not taking off, ESG constraints remain, and strong demand for refined product exports.

24-08-2022 14:05 GMT by Edward Moya

Waiting game ahead of Jackson Hole, King Dollar, bitcoin edges higher

US stocks are rising as Wall Street tries to end a three-day slide by buying up big-tech stocks. We are at an inflection point for the mega-cap trade as hedge funds position themselves for further weakness in bonds and a much weaker consumer as the economy slows. Today’s rebound is small and on light volume, which means most traders are playing the waiting game until Fed Chair Powell’s Jackson Hole Symposium speech. All eyes on Powell It is hard to be aggressive with any positioning u

24-08-2022 14:00 GMT by Edward Moya

NZ dollar slides below 62, retail sales next

The New Zealand dollar continues to show volatility this week. In the North American session, NZD/USD is trading at 0.6182, down 0.48%, erasing all of Tuesday's gains. New Zealand retail sales expected to rebound Later today, New Zealand releases retail sales for the second quarter.

24-08-2022 10:46 GMT by Kenneth Fisher

Oil moves higher, gold under pressure

Bearish case severely weakened by Saudi comments Oil prices are higher again this morning, supported once more by reports that OPEC+ could consider cutting output. While this may simply be a case of Saudi Arabia talking up the price, for now, the prospect of the group taking such action effectively removes two of the biggest downside risks for prices. An Iran nuclear deal was explicitly referenced so if any deal is announced in the coming weeks, it will be interesting to see what the impact on t

24-08-2022 08:48 GMT by Craig Erlam

Pound under pressure, US Durable Goods looms

The British pound has reversed directions today and is in negative territory. In the European session, GBP/USD is trading at 1.1778, down 0.44%. Weak US New Home Sales sends pound higher Tuesday was an interesting day for the pound.

24-08-2022 07:34 GMT by Kenneth Fisher

Oil jumps, gold lower as dollar rally halted

Oil higher on soft US data Crude prices are rallying as the dollar’s rally came to abrupt halt on growth concerns. A weakening US economy should be bad news for oil, but today’s soft economic readings suggest that OPEC+ will easily be able to justify production cuts soon. The oil market will remain tight whether business activity continues to weaken sharply or if economic growth remains choppy. Gold/USD Gold got its groove back after the dollar plunged after a round of ugly US economic data

23-08-2022 15:18 GMT by Edward Moya

GBP/USD jumps on weak US housing data

The British pound has jumped 0.82% today, as the currency has rebounded somewhat from its worst week of the year. GBP/USD plunged 2.53% last week, as the US dollar has found its mojo after weeks of beating a retreat.

23-08-2022 10:14 GMT by Kenneth Fisher

NZD drifting, US New Home Sales next

The New Zealand dollar is paddling in calm waters, as NZD/USD trades close to 1-month lows. In the European session, NZD/USD is trading at 0.6176, up 0.10%.

23-08-2022 07:11 GMT by Kenneth Fisher

Euro drops to new 20-year low

EUR/USD has stabilized after a rough start to the week. In the European session, EUR/USD is trading at 0.9931, down 0.10% on the day and its lowest level since November 2002. After weeks in retreat, the US dollar has rebounded and is showing broad strength.

23-08-2022 05:00 GMT by Kenneth Fisher

Crude demand outlook takes a hit, gold stumbles on strong dollar

Oil Oil bulls thought they were in the clear, but ‘just when they thought they were out, they pull me back in.’ Oil’s true enemy is global growth fears and they are not going away anytime soon. In addition to a weakening crude demand outlook, Iran reportedly gave into a ‘red line demand’ that might be a gamechanger in reviving the elusive nuclear deal.

22-08-2022 11:45 GMT by Edward Moya

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