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.

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

Europe’s energy crisis, Jackson Hole, crypto resilience

This was supposed to be a quiet Monday, but inflation pressures are heating up again over Europe’s troubling energy crisis, crop shortages from severe heat and droughts, and production shutdowns in China. Stocks are declining as it looks like inflation will continue to rise and that should keep the Fed staying hawkish. Energy Crisis Europe’s recession is a foregone conclusion, especially as the risks of disruptions for energy supplies remain elevated. Maintenance for Nord Stream 1 is a big ris

22-08-2022 11:41 GMT by Edward Moya

Euro slides to 20-year low

It was a case of the Monday morning blues for the euro. The week started with EUR/USD falling below parity, a psychologically significant line.

22-08-2022 11:32 GMT by Kenneth Fisher

Yen falls to 137 as US dollar shines

The Japanese yen is drifting at the start of the week. In the European session, USD/JPY is trading at the 137 line. The US dollar flexed some muscles last week, posting strong gains against the major currencies.

22-08-2022 08:18 GMT by Kenneth Fisher

Cdn. dollar down despite solid retail sales

The Canadian dollar is coming off a rough week, as USD/CAD climbed 1.70%. In today's European session, USD/CAD is trading at the 1.30 line. Canadian retail sales beats estimate Canadian retail sales jumped 1.1% in June, which was much stronger than the 0.3% forecast.

22-08-2022 05:47 GMT by Kenneth Fisher

Gold - Is the recovery over?

OANDA Senior Market Analyst Craig Erlam discusses whether gold can break $1,800 or if the recent rally is over.

19-08-2022 13:32 GMT by Craig Erlam

USD/CAD eyes 130, retail sales next

The Canadian dollar is lower for a third straight day. In the European session, USD/CAD is trading at 1.2984, up 0.29% on the day. Markets brace for soft Canadian retail sales The US dollar has rebounded this week against the majors, including the Canadian dollar. USD/CAD is on the verge of breaking above the 1.30 line, which has held firm since July 18th.

19-08-2022 06:47 GMT by Kenneth Fisher

Yen slide continues as inflation rises

The struggling Japanese yen is in negative territory for a fourth straight day. In the European session, USD/JPY is trading at 136.71, up 0.61%. Japanese Core CPI hits 14-year high Japan's core inflation continued to accelerate, with a gain of 2.4% YoY in July.

19-08-2022 04:12 GMT by Kenneth Fisher

Oil gains ground, gold struggling

Oil rallies after strong US numbers Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks good and China’s economy could be ready to bounce back fairly soon. Momentum from yesterday’s bullish EIA crude oil inventory still lingers, but technical resistance at the $90 a barrel level is capping WTI’s rally for now. OPEC Secretary General Al Ghais reminded energy traders that OPEC could be in a posi

18-08-2022 13:58 GMT by Edward Moya

Oil rebounds, gold tries to form a range

Oil Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks good and China’s economy could be ready to bounce back fairly soon. Momentum from yesterday’s bullish EIA crude oil inventory still lingers, but technical resistance at the $90 a barrel level is capping WTI’s rally for now. OPEC Secretary General Al Ghais reminded energy traders that OPEC could be in a position to cut production if needed.

18-08-2022 13:38 GMT by Edward Moya

USD/JPY eyes Japanese CPI

It hasn't been a good week for the Japanese yen, as USD/JPY has climbed 1.24%. The yen is almost unchanged today, trading at 135.16. Japan wraps up the week with a key inflation release on Friday.

18-08-2022 11:39 GMT by Kenneth Fisher

British dips below 1.20, retail sales next

The British pound continues to lose ground and has fallen below the 1.20 line for the first time since July 26th. GBP/USD is trading at 1.1996 in the North American session, down 0.47%. Pound eyes UK retail sales It has been a busy economic calendar in the UK this week.

18-08-2022 10:18 GMT by Kenneth Fisher

Aussie bounces back after soft jobs report

The Australian dollar edged lower following today's Australian employment report but has reversed directions. In the European session, AUD/USD is trading at 0.6957, up 0.28%. Australian employment report disappoints Australia released the July employment report, and the numbers were surprisingly soft.

18-08-2022 06:10 GMT by Kenneth Fisher

Oil prices steady, gold under pressure

Oil steady after inventory boost Oil prices are treading water following Wednesday's rally which came on the back of the EIA inventory data. The surprising and substantial drawdown alongside record crude exports provided a boost just as the price was testing multi-month lows.

18-08-2022 05:29 GMT by Craig Erlam

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