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.

Yen edges lower ahead of household spending

USD/JPY continues to gain ground and has pushed across the 134 line. In the European session, the pair is trading at 134.12, up 0.20%. The week started off nicely for the Japanese yen, which took advantage of broad weakness in the US dollar.

04-08-2022 07:10 GMT by Kenneth Fisher

BoE decision eyed as Fed cools reversal speculation

We're seeing a little more positivity in the markets after another lively week and there's still plenty to come as we get closer to the weekend. Fed officials have been out in force again; this time with a focus on market expectations of a swift reversal from rate hikes to cuts early next year. Both Mary Daly and Neel Kashkari were very clear that it's unreasonable to expect such a policy u-turn given the inflation environment, with Kashkari even saying he's not sure what markets are looking at

04-08-2022 05:39 GMT by Craig Erlam

All eyes on Bank of England

The British pound has posted slight gains ahead of today's key Bank of England meeting. In the European session, GBP/USD is trading at 1.2167, up 0.17% on the day. BoE expected to deliver 50bp salvo The BoE will be in the spotlight, with the markets pricing a supersize 50bp rate hike at 90%.

04-08-2022 05:12 GMT by Kenneth Fisher

Oil lower post OPEC+ and EIA report, gold rally stalls

Oil slides after OPEC+ meeting Crude prices tumbled after energy traders saw both the smallest increase in OPEC+ history and as gasoline demand plunged in the US. It looks like OPEC+ is resisting calls to boost output because the crude demand outlook continues to get slashed. The world is battling the ongoing global energy crisis and it won’t be getting any help from OPEC+. The weekly EIA crude oil inventory was very bearish. A headline build of 4.46 million bpd and plunging gasoline dem

03-08-2022 14:09 GMT by Edward Moya

Euro shrugs after soft data

The euro has edged lower and is trading at 1.0138 in the North American session, down 0.27% on the day. Eurozone retail sales, Services PMI fall Today's Eurozone data de-accelerated, which is bound to raise concerns about the health of the eurozone economy. Eurozone Services PMI dropped to 51.2 in July, down from 53.0 in June (50.6 est.).

03-08-2022 10:36 GMT by Kenneth Fisher

Pound edges higher, markets eye BoE

The British pound is in positive territory today and briefly climbed above the 1.22 line. In the European session, GBP/USD is trading at 1.2185, up 0.18% on the day. Will BoE tighten by 50bp? The Bank of England meets on Thursday, and a 50bp hike looks likely, especially after hints from Governor Bailey to that effect.

03-08-2022 07:30 GMT by Kenneth Fisher

New Zealand dollar stems bleeding

The New Zealand dollar has edged higher today. In the European session, NZD/USD is trading at 0.6261, up 0.11% on the day. NZD/USD took a tumble on Tuesday, as nervous investors waited to see if Nancy Pelosi would indeed visit Taiwan, despite furious threats from China.

03-08-2022 05:30 GMT by Kenneth Fisher

US Close - Rollercoaster stock market after Pelosi arrives in Taiwan, Fed nowhere near done hiking, JOLTS miss, Oil rises, Gold lower on strong dollar, Bitcoin steadies

US stocks went on a rollercoaster ride as traders grew nervous over China’s retaliation over House Speaker Pelosi’s trip to Taiwan, a reminder from Fed’s Daly that their interest rate hiking cycle is nowhere near done, and further signs the labor market is cooling but still remains tight enough for the Fed to deliver a couple more rate hikes. China’s response to Pelosi’s trip to Taiwan could have an impact on supply chains and demand, which could keep the inflationary pressures going strong.

02-08-2022 17:14 GMT by Edward Moya

Euro eyes Services PMIs

The euro is in negative territory today. EUR/USD is trading at 1.0207, down 0.51% on the day. Will weak German data weigh on euro? Germany, the largest economy in the eurozone, is showing signs of weakness, which bodes badly for the rest of the eurozone as well as the euro.

02-08-2022 08:48 GMT by Kenneth Fisher

NZD slides, employment report next

The New Zealand dollar has reversed directions today and recorded sharp losses. NZD/USD is trading at 0.6285, down 0.75% on the day.

02-08-2022 06:08 GMT by Kenneth Fisher

Australian dollar sinks after RBA hike

The Australian dollar has declined sharply and is back below the symbolic 0.7000 level. AUD/USD is trading at 0.6931, down 1.35% on the day. RBA raises rates by 50bp The Reserve Bank of Australia raised interest rates by 50bp today.

02-08-2022 03:47 GMT by Kenneth Fisher

Stocks dip on economic slowdown fears, Asia/Europe PMIs contract while ISM softens, Oil tumbles on demand outlook, Gold rally intact, Polkadot tumbles

US stocks are off to a lackluster as the start of a new month was filled with a bunch of reminders of how quickly the global economy is slowing down and as the risks to the outlook continue to grow. The shock contraction in China was immediately followed up with a wrath of EU manufacturing data that fell into contraction territory for the first time in almost two years. US factories are growing at the slowest pace in a couple of years, but the slower expansion was better than what most economis

01-08-2022 16:21 GMT by Edward Moya

Swiss franc rebound continues

USD/CHF dips below 0.9500 The Swiss franc is showing little movement today, but USD/CHF has fallen below the 0.9500 line for the first time since May. The US dollar pushed the Swiss franc above the parity line in June, but since then the Swiss franc has steadily strengthened.

01-08-2022 11:22 GMT by Kenneth Fisher

Aussie higher ahead of RBA decision

The Australian dollar has posted strong gains today. In the North American session, AUD/USD is trading at 0.7036, up 0.67% on the day. RBA expected to hike by 50 bp The Reserve Bank of Australia meets on Tuesday and is expected to deliver a third straight hike of 0.50%.

01-08-2022 09:37 GMT by Kenneth Fisher

Euro edges despite weak German data

The euro is in positive territory today extending the gains seen on Monday. In the European session, EUR/USD is trading at 1.0262, up 0.35% on the day. German manufacturing declines The data out of the eurozone was none too encouraging today, but the euro shrugged off the numbers.

01-08-2022 05:46 GMT by Kenneth Fisher

Week Ahead - Next up, jobs

Last week was action-packed and it's not likely to ease up with attention now shifting from the Fed and the "technical recession" in the US to the labour market. Various officials have highlighted the strength of the labour market when explaining why the US isn't in a real recession which will draw increased scrutiny on Friday's jobs report.

29-07-2022 11:34 GMT by Craig Erlam

Euro edges up after eurozone inflation jumps

The euro is in positive territory today and has pushed above the 1.0200 line. In the European session, EUR/USD is trading at 1.0213, up 0.16% on the day.

29-07-2022 08:00 GMT by Kenneth Fisher

Yen extends gains on US GDP decline

USD/JPY continues to fall as the Japanese yen rally continues. In the European session, USD/JPY is trading at 133.26, down 0.72%. Yen rises after soft US GDP Thursday's US GDP for Q1 was weaker than expected, as the -0.9% reading surprised the markets, which had projected a 0.5% gain.

29-07-2022 06:28 GMT by Kenneth Fisher

Oil prices steady, gold rises as dollar dips

Oil is surprisingly steady Oil prices edged higher overnight as the volatility in currency, bond and equity markets passed it by; most of the oil-related data had already been released for the week. So, although the intraday ranges were as wide as ever, ultimately, oil booked only small gains.

29-07-2022 05:39 GMT by Jeffrey Halley

US dollar retreat continues

USD/JPY slump dominates Asian trade The US dollar selloff continued overnight after weak US GDP data saw it enter a technical recession. However, the US dollar's losses were unevenly distributed.

29-07-2022 05:19 GMT by Jeffrey Halley

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