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 flat ahead of ECB rate move

The euro is unchanged today, as EUR/USD is trading at 1.0180 in the European session. Today's economic calendar is very light, but there are a slew of developments today which could have an impact on the movement of the euro. The ECB will commence its rate-tightening cycle, the Nord Stream 1 pipeline has been reactivated, and Italian Prime Minister Draghi has just tendered his resignation.

21-07-2022 06:01 GMT by Kenneth Fisher

Oil stable, gold loses ground

Oil prices are steady Brent crude and WTI were steady once again overnight, with US official crude inventory data having little impact on prices, although the rise in gasoline inventories by 3.5 million barrels may have capped prices intraday. European gas concerns look to be supporting the downside for now.

21-07-2022 04:08 GMT by Jeffrey Halley

US dollar rebounds overnight

US dollar bounces back The US dollar rebounded overnight as a multitude of risk factors in Europe saw the euro fall heavily, lifting the dollar index. The US dollar strength was not confined to just them, though, with the greenback booking decent gains versus both the DM and EM space.

21-07-2022 03:55 GMT by Jeffrey Halley

6. A.M. Berlin

Thursday is shaping up to be a frisky day for financial markets, but probably nothing today will be more important than when the bell tolls 6. A.M.

21-07-2022 03:36 GMT by Jeffrey Halley

Oil choppy, gold slides

Oil Crude prices pared losses after the EIA crude oil inventory report posted a surprise draw as exports came in impressively strong. So much to take from this mixed EIA oil inventory report. Gasoline demand was surprisingly much softer-than-expected, which helped send futures lower.

20-07-2022 14:22 GMT by Edward Moya

Oil dips, gold vulnerable

Oil pares gains We're seeing small losses in crude after a strong start to the week. That may reflect the reversal in risk appetite during the European session as the latest equity bear-market rally quickly runs on fumes.

20-07-2022 11:28 GMT by Craig Erlam

Euro calm ahead of ECB meeting, Nord Stream

This week's impressive euro rally, which has seen EUR/USD jump by about 200 points, has taken a pause today. EUR/USD is almost unchanged at 1.0224. ECB poised for liftoff It's show time (finally) in Brussels, as the ECB will announce a lift-off in interest rates on Thursday.

20-07-2022 10:26 GMT by Kenneth Fisher

Canadian dollar on upswing, CPI next

The Canadian dollar has enjoyed a good run this week, rising 1.28%. USD/CAD is trading quietly at 1.2888, up 0.13% on the day. Canada's inflation expected to accelerate It seems that everywhere you turn, inflation is going up and up.

20-07-2022 07:38 GMT by Kenneth Fisher

Pound yawns as inflation climbs

The British pound is almost unchanged today, as GBP/USD trades at the 1.2000 line. UK inflation hits new 40-year high UK inflation rose in June to its highest level since 1982, as the cost-of-living crisis has moved from bad to worse. Headline CPI hit 9.4% YoY, up from 9.1% in May and a notch above the consensus forecast of 9.3%.

20-07-2022 05:34 GMT by Kenneth Fisher

Oil jumps over peak inflation, gold steady

Oil prices explode higher Brent crude and WTI prices continued higher overnight as sentiment in markets swung to peak inflation once again, and concerns persisted around the resumption of Russian gas supplies. Brent crude rose 1.50% to USD 107.25 overnight, before edging lower to USD 106.40 in Asia.

20-07-2022 04:22 GMT by Jeffrey Halley

Earnings push stocks higher, building permits decline, euro rallies as markets expect half-point ECB hike, bitcoin tries to hold USD 22k

US stocks are rallying as corporate earnings haven’t been terrible and on optimism that Russia won’t delay the restart of gas flows on Nord Stream 1 pipeline. Earnings have been coming in mixed but nothing too terrible that is unnerving investors.

19-07-2022 13:43 GMT by Edward Moya

Oil hovers above USD 100, gold struggles

Oil Crude prices tentatively breached the USD 100 level after the Bank of America fund manager survey showed global growth optimism was at an all-time low. Earlier in London, oil was declining after reports Congo was looking to bolster up its oil sector by offering 30 oil and gas exploration blocks for licensing.

19-07-2022 13:39 GMT by Edward Moya

Euro soars but Nord Stream could spell trouble

The US dollar remains in correction mode and the euro has jumped on the bandwagon. EUR/USD is trading at 1.0231, up 0.88%. The euro breached the symbolic parity line late on Thursday, the first time that has happened in 20 years.

19-07-2022 11:44 GMT by Kenneth Fisher

Choppy trade ahead of ECB

Stock markets are understandably choppy so far this week, as Europe posts small gains with Italy being the outlier up more than 1%. It's shaping up to be a critical week for Europe, with Brussels nervously waiting to see whether gas flows will resume following the completed maintenance of Nord Stream 1 on Thursday. That's the same day that the central bank will be weighing up a 25 or 50 basis point rate hike to combat soaring inflation in the bloc.

19-07-2022 10:46 GMT by Craig Erlam

Oil dips after gains, gold under pressure

Oil pares gains It's been another volatile couple of days for oil, with Biden's seemingly unsuccessful trip to the Middle East very much stealing the spotlight. Traders continue to weigh up tight supplies against recession prospects which have brought the price back to a suddenly more reasonable USD 100 a barrel. We could see it slip further if economic prospects continue to deteriorate, or if Saudi Arabia hints at turning on the taps faster.

19-07-2022 10:39 GMT by Craig Erlam

Aussie jumps on US dollar's woes

The Australian dollar has surged on Tuesday. AUD/USD is trading at 0.6903 in the North American session, up 1.29%. US dollar falls as risk appetite strengthens The US dollar remains in a downward correction, as the safe-haven currency has lost its lustre, with risk sentiment gaining strength. The Federal Reserve meets on July 27th and the blackout ahead of the meeting won't change the fact that this meeting is a live one, as the markets try to determine how aggressive a move the Fed has in st

19-07-2022 10:33 GMT by Kenneth Fisher

Sterling hits 1.20 after UK job data

The British pound has extended its gains on Tuesday. GBP/USD is currently trading at 1.2010, up 0.50%. The US dollar continues to retreat across the board, as the greenback remains in a downward correction.

19-07-2022 07:21 GMT by Kenneth Fisher

New Zealand dollar soars on risk appetite

US dollar retreat continues The New Zealand dollar is enjoying a banner day. NZD/USD has jumped 1.14% and is trading at 0.6224, its highest level in two weeks. The US dollar continues to retreat across the board, as the greenback remains in a downward correction.

19-07-2022 04:57 GMT by Kenneth Fisher

US dollar correction continues

US dollar retreats against majors The US dollar fell once again against the major currencies as its downward correction continued. Notably, Asia FX made very limited gains overnight, and this US dollar move seems very much contained to the major currency space.

19-07-2022 04:21 GMT by Jeffrey Halley

Oil soars, gold directionless

Oil prices explode higher Brent crude and WTI prices exploded higher overnight after Gazprom declared a backdate force majeure on some major European customers. That raised fears that gas flows would not return through the Nord Stream 1 pipeline to Germany at the end of the week, causing a knock-on impact on oil prices.

19-07-2022 04:17 GMT by Jeffrey Halley

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