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.

Euro slides on soft PMIs

The euro is down sharply today, as the US dollar continues to post gains against the major currencies. In the European session, EUR/USD is trading at 0.9746, down 0.90%.

23-09-2022 07:57 GMT by Kenneth Fisher

CAD extends losses, retail sales next

The Canadian dollar is in negative territory for a fourth straight day. In the European session, USD/CAD is trading at 1.3522, up 0.24% on the day. The US dollar continues to shine, particularly against risk-sensitive currencies such as the Canadian dollar.

23-09-2022 06:42 GMT by Kenneth Fisher

GBP/USD can't find its footing

GBP/USD is down sharply today and has fallen below the 1.11 level for the first time since 1985. In the European session, GBP/USD is trading at 1.1125, down 1.16%. The British pound can't seem to find any love.

23-09-2022 05:59 GMT by Kenneth Fisher

Oil drifting, gold in choppy waters

Oil drifts lower amid recession risk The threat of a global recession continues to weigh on oil prices, with widespread monetary tightening over the last couple of days fueling fears of a significant hit to growth. Central banks now appear to accept that a recession is the price to pay for getting a grip on inflation, which could weigh on demand next year. At the same time, the market still remains tight and OPEC+ is perfectly willing to restrict supply further even as it fails to deliver on quo

23-09-2022 05:01 GMT by Craig Erlam

Yen settles down after wild ride

It was certainly a day to remember for the Japanese yen on Thursday. USD/JPY traded in a stunning 550-point range, as the yen fell sharply before reversing directions and closing the day up over 1 per cent.

23-09-2022 04:32 GMT by Kenneth Fisher

Market Insights Podcast (Episode 377)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the major central bank rate decisions including the Fed, BoE and CBRT and the first FX intervention by Japan in 24 years.

23-09-2022 00:58 GMT by Craig Erlam

A historic day in FX (BOJ, BOE, SNB, SARB, BCB), global tightening sends stocks lower, bitcoin surprisingly steady

Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession. The Fed has succeeded in convincing markets that they will remain aggressive with fighting inflation and that has many expecting another 75bp rate increase in November. The aftermath following the Fed was a wave of aggressive tightening by several other central banks. Most of these rate hikes around the world are not done yet which means the race to restricti

22-09-2022 13:59 GMT by Edward Moya

Oil rises, gold vs rising real yields

Oil Crude prices remain volatile as energy traders grapple with a deteriorating demand outlook that is still vulnerable to shortages. Supply risks and tight market conditions should give oil some support above the $80 level, but a quicker tumble to a global recession will keep prices heavy. Oil pared gains after eurozone consumer sentiment plunged to a record low as the energy crisis and aggressive central bank tightening is killing economic growth prospects.

22-09-2022 13:50 GMT by Edward Moya

New Zealand dollar dips to 2.5 year low

The New Zealand dollar is in negative territory for a fourth straight day. NZD/USD fell as low as 0.5803 in the Asian session, its lowest level since March 2020. Putin threats, Fed hikes weighs on kiwi The New Zealand dollar is in serious trouble.

22-09-2022 09:54 GMT by Kenneth Fisher

Oil rises on Putin threat, gold choppy

Oil rises amid more nuclear threats Oil prices are rising again on Thursday after giving up initial gains a day earlier. Nuclear threats are increasingly becoming the norm from the Kremlin but energy prices remain very sensitive to them.

22-09-2022 09:16 GMT by Craig Erlam

Swissie falls hard as SNB raises rates

The Swiss franc is sharply lower today, after the Swiss National Bank raised rates by 0.75%. In the European session, USD/CHF is trading at 0.9834, up an impressive 1.79% on the day. SNB sends rates into positive territory There were no surprises from the SNB, which delivered a sharp 0.75% rate hike today, bringing the benchmark rate to 0.25%.

22-09-2022 07:39 GMT by Kenneth Fisher

BOE delivers 50bp hike, sterling steady

As expected, the Bank of England hiked interest rates by 0.50%, bringing the cash rate to 2.25%. There was an outside chance that the BoE would press the rate pedal to the floor and deliver a 0.75% increase, but in the end, members decided unanimously on a less aggressive hike.

22-09-2022 07:13 GMT by Kenneth Fisher

Yen goes on roller-coaster after BoJ meet

It has been a wild ride for the Japanese yen today. USD/JPY initially jumped over 1% earlier today but has reversed directions.

22-09-2022 04:39 GMT by Kenneth Fisher

Euro slides on Putin warnings, Fed next

Euro falls as risk sentiment sours The euro has posted sharp losses today and has fallen below the 0.9900 line. In the North American session, EUR/USD is trading at 0.9875, down 0.96% on the day. Ukraine's recent offensive has pushed Russian forces back and appears to have rattled the Kremlin.

21-09-2022 12:04 GMT by Kenneth Fisher

Pound falls to new 37-year low, Fed looms

The British pound continues to lose ground. GBP/USD is trading at 1.3436.

21-09-2022 10:40 GMT by Kenneth Fisher

Japanese yen steady ahead of Fed, BoJ

USD/JPY continues to show limited movement this week. In the North American session, USD/JPY is trading at 144.10, up 0.27%. BoJ unlikely to change policy The Japanese yen has depreciated by over 20% this year, and the yen's slide will be high on the agenda at the Bank of Japan's meeting on Thursday.

21-09-2022 08:40 GMT by Kenneth Fisher

Yields surge as Fed begins 2-day policy meeting, Riksbank sets the tone, Mixed housing data, dollar higher, Nasdaq embraces crypto

US stocks are weakening as Wall Street expects the Fed to remain aggressive with their fight against inflation and as Ford reminds us supply chain issues are still troubling. Yields are surging as the inflation-fighting Fed is expected to remain relentless with the tightening of policy, which is raising the risk of a severe recession.

20-09-2022 12:44 GMT by Edward Moya

USD/CAD jumps as Canadian CPI falls

The Canadian dollar is sharply lower today. In the North American session, USD/CAD is trading at 1.3329, up 0.59% on the day. Canada's inflation surprises to the downside Canada's August inflation report fell to 7.0%, down sharply from 7.0% in July and below the consensus of 7.3%.

20-09-2022 09:53 GMT by Kenneth Fisher

USD/JPY rises as inflation rises

The Japanese yen is in negative territory, as USD/JPY trades at 143.67, up 0.31%. Will Fed or BoJ wake up sleepy yen? There is plenty of anticipation, as the Federal Reserve holds a meeting on Wednesday, followed by the Bank of Japan the next day. The yen has shown limited movement, oblivious to all the fuss.

20-09-2022 09:11 GMT by Kenneth Fisher

AUD/USD dips after RBA minutes

The Australian dollar is in negative territory today. AUD/USD is trading at 0.6706, down 0.30% on the day. RBA says rates to increase The RBA minutes of the September 6th meeting didn't shed any new light on the central bank's rate policy, and the Australian dollar's response has been muted.

20-09-2022 04:44 GMT by Kenneth Fisher

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