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.

AUD/USD Technical: Further potential Aussie strength towards range resistance as RBA looms
Australia’s RBA is expected to cut rates by 25 bps to 3.6% on Tuesday, as inflation cools toward its 2%-3% target. The AUD/USD has rebounded from early August lows, holding above key supports and within a minor ascending channel. Technicals point to a bullish bias toward 0.6540/0.6580, while narrowing AU-US yield spreads may lend further upside support unless 0.6480 key support breaks.
by Kelvin Wong
USD/JPY Technical: Potential impending minor bullish breakout for Japanese yen
USD/JPY hit a four-month high of 150.92 on 1 Aug before reversing sharply, forming a weekly bearish “Shooting Star.” Price action now sits below its 20-day moving average, with a potential minor bearish breakdown looming under 148.15. A drop below 146.60 could open the path to 145.85 and 144.50, while a break above 148.15 may trigger a squeeze toward 148.75 and 149.50.
by Kelvin Wong
Why is the Pound rising after this morning's Bank of England rate cut?
The Bank of England surprised markets despite delivering a widely expected 25 bps rate cut to 4.00%. A rare split vote (5-4) and hawkish commentary from Governor Bailey sparked a rebound in the Pound, as traders shifted focus to the central bank's future path. We analyze GBP/USD technicals across multiple timeframes to assess the current momentum and outlook.
by Elior Manier
The US Dollar tries to find stable ground
Since Friday’s NFP miss, the US Dollar has dropped sharply, with the DXY falling from 100.00 to the high 97.00s as Fed cut expectations rise. Equities are surging on the back of this move, with the DAX up 1.7% and Nasdaq futures nearing record highs. Let's spot if USD weakness is poised to continue.
by Elior Manier
BoE poised to lower rates, Pound steady
The BoE is widely expected to lower rates today by a quarter-point to 4.0%. This would be the first rate cut since February. The BoE is caught between a deteriorating economy and rising inflation and that could be reflected in a split MPC vote.
by Kenneth Fisher
EUR/GBP Technical: Bullish impulsive upleg intact (EUR outperformance over GBP) as BoE looms
The Bank of England is expected to cut interest rates by 25 bps to 4%, its lowest in over two years, amid persistent inflation concerns. UK core inflation rose to 3.7% y/y in June, well above the 2% target. Ahead of the BoE decision, EUR/GBP appears poised for a potential bullish breakout, supported by firm technical momentum and narrowing in the discount of German-UK bond yield spreads, with key resistances at 0.8740 and 0.8800, followed by 0.8860 next.
by Kelvin Wong
EUR/USD Technical: Poised for a minor bullish breakout in euro strength
The euro staged a sharp rebound against the US dollar on 1 August, gaining 1.5% after weaker-than-expected US jobs data halted a week-long decline. Since 4 August, EUR/USD has traded in a narrow range, as markets digest rising stagflation risks and await President Trump’s Fed nomination. Technical indicators suggest a potential bullish breakout, with support at 1.1520 and resistance at 1.1600 and 1.1680/1705.
by Kelvin Wong
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