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.

Week Ahead - Next up, jobs

Last week was action-packed and it's not likely to ease up with attention now shifting from the Fed and the "technical recession" in the US to the labour market. Various officials have highlighted the strength of the labour market when explaining why the US isn't in a real recession which will draw increased scrutiny on Friday's jobs report.

29-07-2022 11:34 GMT by Craig Erlam

Euro edges up after eurozone inflation jumps

The euro is in positive territory today and has pushed above the 1.0200 line. In the European session, EUR/USD is trading at 1.0213, up 0.16% on the day.

29-07-2022 08:00 GMT by Kenneth Fisher

Yen extends gains on US GDP decline

USD/JPY continues to fall as the Japanese yen rally continues. In the European session, USD/JPY is trading at 133.26, down 0.72%. Yen rises after soft US GDP Thursday's US GDP for Q1 was weaker than expected, as the -0.9% reading surprised the markets, which had projected a 0.5% gain.

29-07-2022 06:28 GMT by Kenneth Fisher

Oil prices steady, gold rises as dollar dips

Oil is surprisingly steady Oil prices edged higher overnight as the volatility in currency, bond and equity markets passed it by; most of the oil-related data had already been released for the week. So, although the intraday ranges were as wide as ever, ultimately, oil booked only small gains.

29-07-2022 05:39 GMT by Jeffrey Halley

US dollar retreat continues

USD/JPY slump dominates Asian trade The US dollar selloff continued overnight after weak US GDP data saw it enter a technical recession. However, the US dollar's losses were unevenly distributed.

29-07-2022 05:19 GMT by Jeffrey Halley

Technical recession equals buy stocks

Wall Street rises after GDP decline US GDP had a nasty surprise for everybody overnight, unexpectedly falling by 0.90%, when market expectations were for a modest 0.50% gain. That marked two consecutive negative quarters of US growth, meaning that for many economists, the US is now in a technical recession.

29-07-2022 04:50 GMT by Jeffrey Halley

Japanese yen jumps as US GDP slides

The yen has surged on Thursday. USD/JPY trades at 134.46, down 1.56% on the day. Yen jumps on US GDP decline The US dollar has lost ground against the majors, following a soft US GDP reading earlier.

28-07-2022 12:08 GMT by Kenneth Fisher

NZD flat, USD GDP falters

The New Zealand dollar has pared gains which it made earlier in the North American session. NZD/USD is trading at 0.6266, up 0.02% on the day. US GDP contracts for a second straight quarter The US economy contracted in the second quarter by 0.9%, surprising the markets which had forecast a 0.5% gain.

28-07-2022 11:06 GMT by Kenneth Fisher

Aussie joins post-FOMC rally, US GDP looms

US dollar sinks after FOMC rate hike There were no surprises from the Federal Reserve, which delivered a second straight 0.75% hike on Wednesday. The markets had priced in this move, although it was a live meeting, as there was an outside chance of the Fed firing a massive 1.00% salvo in order to curb runaway inflation.

28-07-2022 06:58 GMT by Kenneth Fisher

Oil rallies, gold climbs as dollar sinks

Oil rises once again overnight Oil prices climbed once again overnight, boosted by a weaker US dollar and a large drawdown of crude and gasoline stocks in the overnight official US Crude Inventory data. The inventory data was a surprise, and in combination with tumbling Russian natural gas supplies to Europe, it seems the reality that the physical market is as tight as ever is boosting prices. Brent crude rose 2.45% overnight to USD 107.15 a barrel.

28-07-2022 04:48 GMT by Jeffrey Halley

FOMC sparks US dollar selloff

Dollar falls on Powell's rate remarks Jerome Powell’s remarks around rate hikes being driven by data sparked a sentiment rally overnight, as markets priced in peak inflation and interest rates. With equities rallying hard, the haven US dollar resumed its downward correction, being sold heavily versus the G-10 space.

28-07-2022 04:42 GMT by Jeffrey Halley

Powell sparks buy everything rally

You had the feeling that Wall Street, with perpetually itchy buy-button trigger fingers, was primed for this FOMC. As expected, the FOMC raised the Fed Funds target by 0.75%, to a target range of 2.25%-2.50%.

28-07-2022 04:24 GMT by Jeffrey Halley

Fed React: Inflation commitment remains/ likely appropriate to slow increases, Stocks rally, Oil higher post EIA data/Fed/Iran nuclear deal stalemate, Gold shines, Bitcoin enjoys risk rally

US stocks extended gains after the Fed signaled that it will likely be appropriate to slow rate increases at some point. Now that traders see light at the end of the Fed tightening tunnel, the Nasdaq is starting to look like the cleanest dirty shirt in what looks like a 2023 recession bound economy.

27-07-2022 15:08 GMT by Edward Moya

Euro stablizes after sharp slide

The euro has edged higher on Wednesday, after sliding over 1% yesterday. In the North American session, EUR/USD is trading at 1.0147, up 0.29% on the day. All eyes on Federal Reserve The markets are eagerly awaiting the FOMC decision later today.

27-07-2022 10:03 GMT by Kenneth Fisher

Aussie shrugs after inflation report

The Australian dollar has edged higher on Wednesday. AUD/USD is trading at 0.6950 in European trade. CPI rises, but less than expected Australia's inflation rate accelerated in the second quarter, but the market reaction was muted, as the 6.1% gain was a notch below the estimate of 6.2%.

27-07-2022 07:47 GMT by Kenneth Fisher

US dollar eyes FOMC decision

Currency markets range-trade overnight It was another night of range trading for currency markets overnight, which seem reluctant to aggressively position until the FOMC is out of the way. One exception was the euro, which fell heavily on natural gas-derived recession fears.

27-07-2022 04:52 GMT by Jeffrey Halley

We're here, finally

Markets expecting 75bp hike After what seems like an interminable wait, we are finally at FOMC day, and the last one I shall be covering as the voice of reason in this missive. Markets have baked another 75 basis points into their loaves of bread, but it's going to be all about what the Fed and Jerome Powell say and not what they do.

27-07-2022 04:35 GMT by Jeffrey Halley

Stocks drop on soft data and string of cautious earnings outlooks, downbeat earnings, potential SEC probe on Coinbase sinks crypto

US stocks declined after a wrath of gloomy corporate outlooks made it seem like this current wave of growth concerns would send this economy quickly into a recession. Risk appetite is struggling here as European gas prices are skyrocketing, multinationals are complaining of a troubling macro environment, and consumer confidence plunges.

26-07-2022 14:58 GMT by Edward Moya

Oil punches above USD 100, gold slips

Recession the primary downside risk There's naturally a lot of focus on the energy market right now, with Gazprom reducing gas flows to Europe via Nord Stream 1 to only 20% from tomorrow. The news didn't come as a massive shock even if it did trigger a 10% spike in the price.

26-07-2022 13:03 GMT by Craig Erlam

Euro slides on Nord Stream squeeze

The euro has taken a nasty tumble today. In the North American session, EUR/USD is trading at 1.0144, down 0.76%. Nord Stream 1 reduced to 20% capacity The energy crisis surrounding Nord Stream 1, a key channel for Russian gas exports to Europe continues to simmer.

26-07-2022 09:36 GMT by Kenneth Fisher

1 … 180 181 182 … 222