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 - Earnings season is back

US It is now all about inflation data. The focus was temporarily on the labour market but everyone knows that the Fed is primarily concerned with what is happening with inflation. Wall Street will first get a look at producer prices on Wednesday and then CPI the next day. August data showed high inflation remains well-entrenched as shelter and food prices surged, while gas prices softened.

07-10-2022 09:55 GMT by Craig Erlam

Canadian dollar dips after job reports

USD/CAD has edged higher today. In the North American session, the Canadian dollar is trading at 1.3712, down 0.25%. Canada's Ivey PMI, a key barometer of the strength of the economy, underperformed in September.

07-10-2022 09:21 GMT by Kenneth Fisher

Euro dips after solid US jobs report

EUR/USD is unchanged today after a nasty two-day slide, trading at 0.9792 in the European session. The euro flirted with the symbolic parity line on Wednesday, but then plunged 200 points. German retail sales underperforms Germany wrapped up the week with soft data, although the euro shrugged off the weak numbers.

07-10-2022 08:45 GMT by Kenneth Fisher

USD/JPY eyes US nonfarm payrolls

USD/JPY has been hovering close to the 145 line most of the week, and the trend has continued today. In the European session, USD/JPY is trading at 144.81, down 0.21%. The US releases nonfarm payrolls later today.

07-10-2022 04:29 GMT by Kenneth Fisher

Caution ahead of US jobs data

Equity markets are on course to spend a third day in the red despite a strong start to the week as investors adopt a cautious approach ahead of the US jobs report. Amid all of the chaos this week, investors have always had one eye on the jobs report later today. Even earlier in the week when equity markets were rallying strongly, there was always a sense that the jobs report could spoil the party. And not because it could point to cracks appearing in the labour market; quite the opposite in fact

07-10-2022 03:27 GMT by Craig Erlam

Gold - Running into resistance

OANDA Senior Market Analyst Craig Erlam discusses the recent recovery in gold and questions whether it will continue.

06-10-2022 16:15 GMT by Craig Erlam

GBP/USD slides after Fitch's downgrade

GBP/USD is down sharply today. In the North American session, GBP/USD is trading at 1.1150 down a massive 1.58%.

06-10-2022 10:40 GMT by Kenneth Fisher

Relief rally already struggling

Equity markets have erased early gains to trade in the red on Thursday, as investors take a cautious approach ahead of Friday's jobs report. The narrative in recent days of weaker data being positive as it could be a precursor to slower tightening didn't seem sustainable and it's already proving to be the case. I think it was more a reflection of the steep sell-off in the markets and the performance of risk assets in general over the six weeks previous, rather than the data.

06-10-2022 09:31 GMT by Craig Erlam

OPEC cuts production, gold pares gains

OPEC+ boosts oil prices after large cut Oil prices are edging lower today after OPEC+ announced a huge production cut on Wednesday of two million barrels per day. With the group failing to hit output targets by a widening margin as the year has progressed, the net cut will be around half that, if not less, but that's still a substantial reduction in an already tight market. Of course, the global economy is slowing as a result of an inflation and interest rate shock - which soaring oil prices and

06-10-2022 09:19 GMT by Craig Erlam

Canadian dollar eyes Ivey PMI, job report

The Canadian dollar has posted considerable losses today. USD/CAD is trading at 1.3688, up 0.49%. Canada releases Ivey PMI for September later today, with the markets anticipating another solid release.

06-10-2022 09:01 GMT by Kenneth Fisher

NZD/USD tumbles despite RBNZ hike

NZD/USD started the day with gains but has reversed directions and is sharply lower in the North American session. The New Zealand dollar is trading at 0.5657, down 1.38%. RBNZ raises rates by 0.50% As expected, the Reserve Bank of New Zealand delivered a 0.50% hike, bringing the benchmark to 3.50%, its highest level since 2015.

06-10-2022 07:08 GMT by Kenneth Fisher

Aussie steady as retail sales match consensus

AUD/USD started the week with huge gains, but has been in calm waters since then. In the European session, the Australian dollar is trading at 0.6478, up 0.17%. Retail sales points to slowing economy The RBA's sharp tightening is having an effect on economic growth.

06-10-2022 05:19 GMT by Kenneth Fisher

OPEC cut likely, gold faces resistance

A substantial OPEC+ cut incoming Today's OPEC+ meeting has been heavily speculated about this week, as delegates have hinted at increasingly large output cuts in response to a dimming economic outlook and lower prices. Last month's warning shot of 100,000 barrels per day fell on deaf ears and the alliance may now be prepared to cut by 10 times that, even 20 if some sources are to be believed. Adding to the uncertainty is the prospect of a group cut backed up by additional unilateral reductions,

05-10-2022 12:16 GMT by Craig Erlam

NZD/USD - All eyes on RBNZ

The New Zealand dollar continues to rally. In the European session, NZD/USD is trading at 0.5746, up 0.43%. RBNZ likely to deliver 0.50% hike The Reserve Bank of New Zealand holds a meeting on Wednesday.

04-10-2022 04:41 GMT by Kenneth Fisher

RBA underwhelms with modest rate hike

AUD/USD started the day with losses, but has since recovered. The Aussie is trading at 0.6540, up 0.37%. RBA surprises with 0.25% hike The Reserve Bank of Australia was widely expected to deliver a fifth consecutive hike of 50 basis points at today's meeting, but the Bank surprised the markets with a small increase of 0.25%, which raises the cash rate to 2.35%.

04-10-2022 03:56 GMT by Kenneth Fisher

Pound soars after Kwarteng U-turn

GBP/USD is up for a sixth straight day. In the North American session, the British pound is trading at 1.1272, up 0.94%. It was quite the ride for the last week, as it traded in a 500-point range and touched a record low of 1.0359.

03-10-2022 12:15 GMT by Kenneth Fisher

AUD/USD rebounds ahead of RBA

AUD/USD has started the trading week with strong gains. The Aussie is trading at 0.6447, up 0.67%. Is the nasty slide over?

03-10-2022 07:33 GMT by Kenneth Fisher

Japanese yen tiptoes at 145 line

USD/JPY has edged higher at the start of the week, trading at 145.10 in the European session. Tokyo Core CPI next Japan's Tankan indices for Q3 were mixed and the yen had a muted response. Manufacturing dropped to 8, down from 11 in Q1 and missing the consensus of 11 points.

03-10-2022 06:09 GMT by Kenneth Fisher

GBP/JPY - The least bad option

OANDA Senior Market Analyst Craig Erlam talks about GBP/JPY which compares the performance of two of the worst performing major currencies.

30-09-2022 16:56 GMT by Craig Erlam

New Zealand dollar tumbles

The New Zealand dollar is down sharply today. In the European session, NZD/USD is trading at 0.5676, down 0.85%. New Zealand dollar can't find its footing It has been a tumultuous week in the currency markets, and the New Zealand dollar is about to record a losing week for a seventh straight time.

30-09-2022 08:26 GMT by Kenneth Fisher

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