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.

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

Oil slumps, gold lower on strong dollar

Oil Crude prices edged lower as a section of the Keystone pipeline restarted and as global recession risks increased after a wave of central banks delivered another strong round of tightening. Oil’s recent rally is running out of steam as risk aversion runs wild. The dollar might be poised to rally here and that should keep some pressure on oil prices. Gold Gold is weakening as markets worry that global central bank tightening will drive recessionary fears and keep the dollar supported here.

15-12-2022 12:44 GMT by Edward Moya

Tightening Thursday (ECB & friends), US data/surveys, labor market refuses to break, oil slumps, gold lower on strong dollar, bitcoin follows broader market

US stocks didn’t stand a chance today after digesting a hawkish FOMC decision and a round of data/surveys that support the argument that the economy is recession bound. The labor market might not be breaking but it is becoming clear the consumer is weakening and manufacturing activity is in a recession. US retail sales posted the largest drop in nearly a year.

15-12-2022 12:41 GMT by Edward Moya

Aussie slides on Fed hawkishness

The Australian dollar is sharply lower on Thursday. In North American trade, AUD/USD is trading at 0.6755, down 1.58%. Australian employment shines Australia's robust labour market continues to impress, with a stellar performance in November.

15-12-2022 12:28 GMT by Kenneth Fisher

Japanese yen extends gains ahead of Fed

The Japanese yen continues to press higher against the US dollar on Wednesday. In the North American session, USD/JPY is trading at 135.08, down 0.38%.

14-12-2022 13:15 GMT by Kenneth Fisher

Aussie calm ahead of Fed, jobs data

The Australian dollar has posted slight gains on Wednesday. In North American trade, AUD/USD is trading at 0.6865, up 0.16%.

14-12-2022 10:10 GMT by Kenneth Fisher

NZD/USD awaits Fed, GDP

Federal Reserve expected to hike by 50 bp All eyes are on the Federal Reserve, which winds up its policy meeting later today. Policy makers are expected to raise rates by 50 basis points at this final meeting of 2022, with an outside chance of a more aggressive 75 basis point hike.

14-12-2022 07:23 GMT by Kenneth Fisher

Pound shrugs as UK inflation dips

There was good news on the UK inflation front, as the November data pointed to a drop in inflation. CPI fell to 10.7% y/y, down from 11.1% in October and below the consensus of 10.9%.

14-12-2022 04:23 GMT by Kenneth Fisher

USD/JPY takes a tumble after soft CPI

The Japanese yen is sharply higher on Tuesday. In the North American session, USD/JPY is trading at 134.97, down 1.95%. US inflation underperforms again The US dollar is in broad retreat after US CPI was softer than expected.

13-12-2022 11:45 GMT by Kenneth Fisher

Euro on hold ahead of US CPI

EUR/USD continues to have a quiet week and is unchanged on Tuesday, trading at 1.0538. US inflation expected to fall The currency markets have been calm today, but that could change in the North American session, with the release of the US CPI report. The consensus stands at 7.3%, following a 7.7% gain in October.

13-12-2022 07:23 GMT by Kenneth Fisher

Will US inflation shake up pound?

The British pound remains calm this week and is trading at 1.2286, up 0.20%. It is a busy week on the economic calendar, but GBP/USD isn't showing much interest. Today's UK employment data was within market expectations, which resulted in a muted reaction from sleepy sterling.

13-12-2022 05:48 GMT by Kenneth Fisher

EUR/USD steady, US inflation next

EUR/USD is almost unchanged on Monday, trading at 1.0537. Will US inflation report shake up euro? It has been a relatively quiet December for the EUR/USD, which hasn't veered far from the 1.0550 line. That could change this week, with key events out of the US.

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

USD/JPY dips lower as PPI jumps

The Japanese yen has started the week with losses. In the North American session, USD/JPY is trading at 137.44, down 0.64%. Japan's PPI almost unchanged at 9.3% Japanese wholesale inflation climbed 9.3% y/y in November, a drop lower than the 9.4% gain in October.

12-12-2022 11:41 GMT by Kenneth Fisher

AUD/USD drops, confidence data next

The Australian dollar has started the week in negative territory. In European trade, AUD/USD is trading at 0.6766, down 0.44%. Australian dollar eyes confidence releases Australian confidence indicators headed south in the most recent releases - will we see an improvement on Tuesday?

12-12-2022 07:41 GMT by Kenneth Fisher

Pound shrugs as GDP beats forecast

It promises to be a very busy week in the UK, with a host of key events on the calendar. Monday started on a positive note, as GDP for October climbed 0.5%, up from -0.6% in September and ahead of the 0.4% consensus. Investors will have plenty of data to digest, including employment, inflation, retail sales and the Bank of England rate decision.

12-12-2022 05:55 GMT by Kenneth Fisher

GBP/USD edges higher, US PPI looms

The British pound has posted slight gains today. In the European session, GBP/USD is trading at 1.2257, up 0.32%. After a rather uneventful week for the US dollar, next week could be marked by plenty of action, with a host of key releases on both sides of the pond.

09-12-2022 07:15 GMT by Kenneth Fisher

Japanese yen eyes US PPI

The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 135.92, down 0.57%. USD/JPY has been rather muted this week, with the exception of Monday, when the pair jumped 1.8%.

09-12-2022 06:36 GMT by Kenneth Fisher

NZD/USD yawns as Manufacturing Sales shines

It has been a generally muted week for the New Zealand dollar, save for Monday, when it fell by 1.3% in the aftermath of the strong US employment report. With a light economic calendar this week in both the US and New Zealand, the markets are casting an eye to next week, which is loaded with key events.

09-12-2022 04:54 GMT by Kenneth Fisher

NZD/USD extends gains ahead of Mfg. Sales

The New Zealand dollar is slightly higher on Thursday. In the North American session, NZD/USD is trading at 0.6376, up 0.34%. New Zealand manufacturing in trouble New Zealand's manufacturing sector is showing signs of strain, as high costs and hiring challenges in a tight labour market remain key problems.

08-12-2022 11:54 GMT by Kenneth Fisher

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