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 higher on possible Chinese COVID pivot, gold rebounds

Energy US natural gas declined to the lowest levels since March as supply concerns have slightly improved. Over the past week, energy traders have digested a few winter weather forecasts and it seems many are thinking the south will be drier and warmer than usual, while the northern tier, Midwest and Ohio valley could have a colder winter. Oil prices rallied on hopes that China is starting to pivot with their COVID quarantine guidelines and as energy traders start to price in a hard floor for

20-10-2022 12:27 GMT by Edward Moya

Euro gains ground on soft US data

EUR/USD has posted considerable gains and is back above the 0.98 level. In the North American session, EUR/USD is trading at 0.9828, up 0.57%. US housing, manufacturing data decline As the Federal Reserve continues to deliver outsized interest rate hikes, the financial markets are closely monitoring US economic data, looking for signs of a slowdown.

20-10-2022 12:18 GMT by Kenneth Fisher

PM Truss resigns, British pound gains ground

Prime Minister Truss resigns The political soap opera continues in the UK, with Prime Minister Truss playing the part of the tragic hero. Truss resigned earlier today, which was perhaps not all that surprising given the chaos that has engulfed her government from the get-go.

20-10-2022 10:03 GMT by Kenneth Fisher

Aussie briefly drops after jobs report

AUD/USD dropped close to 100 points in the Asian session but has recovered and is trading in positive territory. Australia's labour market remains solid Australia released September's employment report earlier Thursday, which indicated that the labour market remains robust. The economy added 13,300 full-time jobs, with a decline of 12,400 part-time jobs.

20-10-2022 06:10 GMT by Kenneth Fisher

USD/JPY breaches 150

USD/JPY continues to gain ground USD/JPY is almost unchanged today but hit a milestone in the Asian session as it briefly darted above the 150 line, which has psychological significance. This marked the yen's lowest level since August 1990 as the currency continues to slide.

20-10-2022 04:51 GMT by Kenneth Fisher

AUD/USD eyes job data

AUD/USD is considerably lower today, trading at 0.6273, down 0.57%. Employment data expected to remain strong Australia releases employment data on Thursday, with the markets expecting that the report will show that the labour market remains robust. The economy is forecast to have created 25,000 jobs in September, following the 35,000 gain in August.

19-10-2022 12:04 GMT by Kenneth Fisher

Canadian dollar yawns after inflation report

USD/CAD pushed higher earlier in the day but has pared most of those gains. In the North American session, the Canadian dollar is trading at 1.3757, up o.17%. Canada's CPI ticks lower Headline inflation ticked lower to 6.9% in September, down from 7.0% in August.

19-10-2022 10:33 GMT by Kenneth Fisher

Earnings buoy Wall Street

Trading is mixed in Europe on Wednesday, with Wall Street eyeing a slightly stronger open amid bumper Netflix earnings. Netflix is a hit Netflix results are expected to be a hit on Wall Street when the bell rings on Wednesday, with pre-markets pointing to a more than 13% rally in the stock. The streaming company reported revenues and earnings that comfortably surpassed expectations, while subscriber growth more than doubled forecasts.

19-10-2022 07:35 GMT by Craig Erlam

Japanese yen heading towards 150

USD/JPY continues to inch upwards and is trading at 149.69, up 0.31%. Yen closing in on 150 The yen hasn't managed a winning session since October 4th and it's looking likely to breach the symbolic 150 level, perhaps before the week is over. The yen hasn't traded at such low levels since 1990 and a turnaround from its prolonged slide doesn't appear likely. The Bank of Japan has been under pressure to rethink its ultra-loose policy, as the yen has plummeted and inflation has climbed above the

19-10-2022 07:22 GMT by Kenneth Fisher

Pound falls as inflation rises

GBP/USD is in negative territory today. In the European session, the pound is trading at 1.1261, down 0.48%. Inflation rises to double-digits UK inflation rose to 10.1% in September, up from 9.9% in August and above the consensus of 10.0%.

19-10-2022 05:12 GMT by Kenneth Fisher

New Zealand dollar extends rally

NZD/USD was up sharply earlier in the day but has pared most of those gains. In the North American session, the New Zealand dollar is trading at 0.5663, up 0.49%. New Zealand inflation higher than expected New Zealand inflation jumped 2.2% MoM in the third quarter, higher than the estimate of 1.6%.

18-10-2022 12:06 GMT by Kenneth Fisher

GBP/USD steadies after rally

GBP/USD has edged lower today, after starting the week with sharp gains. In the North American session, GBP/USD is trading at 1.1334, down 0.18%. Pound jumps after Hunt axes tax cuts The pound continues to show strong volatility as the political saga continues in the UK.

18-10-2022 09:25 GMT by Kenneth Fisher

Oil prices stablilise, gold rebounds

OPEC+ defends cut as oil steadies around $90 Oil prices are continuing to stabilise around $90 a barrel as OPEC+ steps up its defence of its two million barrel per day cut amid a backlash from the US, in particular. Meanwhile, the world's largest economy is reportedly considering another release of strategic reserves in order to offset the impact of the cuts and stop fuel prices jumping as midterms near. How effective the SPR release will be may well depend on whether others join as we saw ear

18-10-2022 05:55 GMT by Craig Erlam

Flashing green

Asian stocks were flashing green on the second day of trading, while Europe is poised to open in a similarly positive manner as sentiment continues to improve, albeit from very low levels. There's still a strong feeling of a bear market rally about trading over the course of the last week. From the post-US-inflation rebound to what has now been a strong start to the week - in part driven by the UK's decision to no longer shoot itself in the foot - nothing about this screams sustainable. Of cou

18-10-2022 05:51 GMT by Craig Erlam

USD/JPY breaks above 149

USD/JPY has edged higher today and is currently trading at 149.17. The yen has fallen for eight straight sessions, losing 500 points in that time. Yen slide continues The yen continues to set new 24-year-old lows as the dollar/yen has pushed above the 149 line.

18-10-2022 05:10 GMT by Kenneth Fisher

Market Insights Podcast (Episode 388)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the new UK Chancellor's mini-budget reversal, Japanese intervention and earnings season.

17-10-2022 11:06 GMT by Craig Erlam

Oil edges lower, gold jumps, bitcoin on the rise

Settling down? It's been another turbulent few weeks in oil markets from global growth concerns to super-sized OPEC+ output cuts and it seems they're yet to fully settle down. Brent has seen lows of $82 and highs of $98 so perhaps what we're now seeing is it finding its feet somewhere in the middle.

17-10-2022 10:07 GMT by Craig Erlam

The mother of all U-turns

A humiliating blow Another turbulent start to the week, albeit a positive one broadly speaking with equity markets around 1% higher in Europe after a decent start to the week in Asia. Since Liz Truss became UK Prime Minister, uneventful days have eluded us and this week has also got off to another hectic start. While the Prime Minister had every intention of making waves in her first weeks in charge, she clearly didn't anticipate the storm that was brewing and I'm sure she more than anyone at

17-10-2022 10:06 GMT by Craig Erlam

GBP/USD - Can UK u-turns save sterling?

OANDA Senior Market Analyst Craig Erlam discusses the latest developments in GBP amid higher US inflation and more political turmoil in the UK.

14-10-2022 11:52 GMT by Craig Erlam

Mid-Market Update: Stocks lower on inflation expectations rise, JPMorgan impresses, Beyond Meat job layoffs, US Data, Kwarteng sacked, Oil tumbles, Gold in danger, Bitcoin bucks the trend

US stocks were unable to hold onto gains after inflation expectations unexpectedly rose for the first time in seven months. Wall Street can't seem to get a handle on how high the Fed will have to take rates.

14-10-2022 11:39 GMT by Edward Moya

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