The Japanese yen is down sharply for a second straight day. USD/JPY is trading at 144.87 in the North American session, up 1.45% on the day.
07-09-2022 10:14 GMT
by Kenneth Fisher
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.
Asian markets ended mostly lower on Wednesday as trade data from China weighed on sentiment, while Europe is also lower amid heightened economic uncertainty.
Trade data another blow
Chinese imports and exports slumped much more than expected last month as the economy continued to stall under the weight of Covid lockdowns, heatwaves, a property market wobble, slower global demand and a weaker yuan. The headwinds facing the Chinese economy are becoming increasingly fierce and recent efforts to sho
07-09-2022 09:31 GMT
by Craig Erlam
The Canadian dollar has edged higher today. In the European session, USD/CAD is trading at 1.3173, up 0.17%.
BoC expected to remain aggressive
The Bank of Canada meets later today and policy makers are expected to keep their foot on the pedal and deliver a sizeable hike of 0.75%.
07-09-2022 07:51 GMT
by Kenneth Fisher
AUD/USD has posted slight losses today, trading at 0.6726. This follows a disastrous Tuesday, when the Aussie fell 0.92%.
07-09-2022 06:56 GMT
by Kenneth Fisher
EUR/USD slipped to a new 20-year low earlier today, falling to 0.9864. Currently, the euro is trading at 0.9910, down 0.20%.
Is ECB backtracking on a super-size hike?
Eurozone government yields fell sharply today on reports that the ECB may decide to scale down an expected 75 basis point hike on Thursday.
06-09-2022 13:12 GMT
by Kenneth Fisher
The British pound is in positive territory today. In the North American session, GBP/USD is trading at 1.1535, up 0.13%.
UK Construction PMI remains in contraction mode
The UK PMIs releases for August are reflecting weak conditions across the economy.
06-09-2022 09:39 GMT
by Kenneth Fisher
The Australian dollar is in negative territory today. In the European session, AUD/USD is trading at 0.6763, down 0.51%.
RBA raises by 50bp
The RBA isn't getting much love, even after raising rates by 50 basis points earlier today.
06-09-2022 05:41 GMT
by Kenneth Fisher
Brent steadies after OPEC+ boost
Brent crude is a little lower today after seeing decent gains at the start of the week following the OPEC+ output announcement. The decision to reverse the 100,000 barrel per day increase in September was more symbolic than fundamentally significant, in that it doesn't really change the dynamics in the market but it will make traders think twice about driving prices lower in the way they have recently.
The disturbing global economic outlook combined with the pros
06-09-2022 04:22 GMT
by Craig Erlam
The Japanese yen remains under pressure. USD/JPY gained 1.92% last week and has extended its gains today.
05-09-2022 13:17 GMT
by Kenneth Fisher
The Australian dollar has started the week with slight losses. In the North American session, AUD/USD is trading at 0.6798, down 0.19%.
Will RBA stay aggressive with a 50bp hike?
The Reserve Bank of Australia meets on Tuesday, with investors unclear as to the size of the next rate move.
05-09-2022 10:51 GMT
by Kenneth Fisher
The euro fell below the 0.9900 line earlier in the European session but has pared its losses. Currently, EUR/USD is trading at 0.9937, down 0.19%.
Euro falls on Nord Stream 1 shutdown
US markets are closed for the Labour Day holiday.
05-09-2022 07:04 GMT
by Kenneth Fisher
OPEC+ meets after price cap announcement
Today's OPEC+ meeting has been somewhat overshadowed by all the talk of oil price caps and Nord Stream 1. The group is expected to leave output targets unchanged but it's likely that a cut will be at least discussed which, if followed through on, would create more volatility and uncertainty at a time of considerable unease.
05-09-2022 05:41 GMT
by Craig Erlam
OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the US jobs report, 24-year high in USDJPY, oil ahead of the OPEC+ meeting and Nord Stream 1.
02-09-2022 12:16 GMT
by Craig Erlam
The countdown to the September 13 inflation report begins as investors fixate over a wrath of Fed speak, with special attention going towards Chair Powell’s Thursday discussion on monetary policy. It is a slow start to the trading week as US markets are closed on Monday for Labor Day. Tuesday contains the release of the August ISM services index.
02-09-2022 11:22 GMT
by Craig Erlam
It has been a week to forget for the Japanese yen, as USD/JPY has climbed 2.23% and has pushed across the symbolic 140 line. In the North American session, USD/JPY is trading at 140.57, up 0.26% on the day.
US Nonfarm Payrolls within expectations
There was plenty of anticipation ahead of today's nonfarm payrolls, with a consensus of 300 thousand.
02-09-2022 09:07 GMT
by Kenneth Fisher
After three straight losing sessions, the Australian dollar is in positive territory today. In the European session, AUD/USD is trading at 0.6802, up 0.21%.
It has been a rough stretch for the Australian dollar, which fell 2.89% in August.
02-09-2022 07:03 GMT
by Kenneth Fisher
The euro is in positive territory today after taking a nasty spill on Thursday. In the European session, EUR/USD is trading at 0.9984, up 0.40%.
Euro slides as risk appetite slides
Thursday was a day to file away and move on for the euro, as EUR/USD tumbled 1.07%.
02-09-2022 05:20 GMT
by Kenneth Fisher
Stock markets in Europe opened positively on Friday after what has been an otherwise rotten week, while Asia was fairly mixed ahead of the US jobs report.
It will be interesting to see whether Europe can maintain the rebound today considering we're heading into the weekend not certain that gas will start flowing through Nord Stream 1 again tomorrow. Grid data suggests it will but until the gas starts actually flowing, it remains a risk.
02-09-2022 04:30 GMT
by Craig Erlam
It seems most of Wall Street believes September will be a month we won’t want to remember. We are less than two weeks away from a pivotal inflation report and three weeks from the FOMC meeting. The repositioning of portfolios is just beginning as the Fed accelerates the balance sheet runoff, while we are barely seeing signs that real economy is starting to feel the impact of tightening.
US stocks are declining after another round of strong labor and manufacturing data confirm the Fed’s hawki
02-09-2022 03:56 GMT
by Edward Moya
Oil
Crude prices are tumbling as China continues to struggle with its fight against COVID and as global recession fears grow as rates surge. China is the key question mark for the crude demand outlook and it seems that reopening momentum will remain elusive. The lockdown of Chengdu, a vital transportation hub, will trigger another massive shock for the Chinese economy.
The mood is risk-off on Wall Street and that is driving the dollar to fresh records, which is also putting added pressure on
01-09-2022 14:31 GMT
by Edward Moya