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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.

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Looking for ABE
The post-FOMC rally ran in equities out of steam within 24 hours with Wall Street plummeting overnight once again. Even the most ardent FOMO gnome had a conviction crisis as a swath of central banks followed the Fed’s lead and hiked policy rates.
17-06-2022 04:03 GMT by Jeffrey Halley
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Oil volatile, gold shines
Oil market remains tight ‘Buy the dip’ might be dead for the stock market, but it probably should still work for energy traders. ​ Despite all the fears of aggressive central bank tightening of monetary policy and the slower economic growth that will ensue, the oil market remains very tight. With gasoline prices surging above 5 dollars a gallon, the Biden administration’s call for oil companies to ramp up refining capacity was easily met with an explanation that they will need the government to
16-06-2022 17:10 GMT by Edward Moya
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Stocks fade yesterday's post-FOMC rally, SNB shocker, bitcoin hovers above USD 20k
Central banks continue hawkish stance Wall Street was quick to fade yesterday’s post-FOMC rally as the other major central banks are turning very hawkish with their respective inflation battles. Traders paid special attention to a surprise rate hike by the SNB, which paved the way for more increases in the foreseeable future. ​ The BOE also took rates to the highest levels since 2009 and will likely not be easing up anytime soon with their tightening cycle.
16-06-2022 17:08 GMT by Edward Moya
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Japanese yen climbs ahead of BoJ meeting
The yen has posted sharp gains for a second straight day. In the North American session, USD/JPY is trading at 132.09, down 1.27% on the day. Federal Reserve hikes by 0.75% Just a few days ago, the Federal Reserve was expected to raise rates by 0.50%.
16-06-2022 13:27 GMT by Kenneth Fisher
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Oil steady, gold under pressure
IEA offers a bleak outlook for crude Oil prices are relatively flat on Thursday, after once again edging lower earlier in the session. Crude has been paring gains in recent days after a huge run higher over the previous month but prices are still extremely high.
16-06-2022 11:48 GMT by Craig Erlam
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Swiss franc soars after SNB surprise hike
The Swiss franc has posted massive gains today after the Swiss National Bank raised interest rates by 0.50%. In the North American session, USD/CHF is trading at 0.9720, down 2.29% on the day. It has been a week of central bank drama, which started with the Federal Reserve delivering a massive 0.75% rate hike.
16-06-2022 11:41 GMT by Kenneth Fisher
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Oil edges lower, gold range-trades
Oil fall on higher inventories Oil prices had another big intraday range overnight, but ultimately, booked only a small retreat, continuing a theme of energy mostly ignoring the noise in equity and bond markets this week. Oil prices finished lower after US official crude inventories recorded another 2 million-barrel gain, and as the FOMC later that evening downgraded its US growth outlook. Still, by oil’s standards, the falls were modest.
16-06-2022 07:12 GMT by Jeffrey Halley
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US dollar remains firm post-FOMC
US retreats after FOMC mega-hike The US dollar gave back some recent gains overnight post-FOMC as Powell’s comments post-meeting were interpreted as implying a less aggressive scale of rate hikes. To me, that is a flawed interpretation, as the FOMC signalled a higher terminal rate and lifted its end-of-2022 target rate as well.
16-06-2022 07:03 GMT by Jeffrey Halley
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Markets like their rate hikes rare
Wall Street up, US dollar down after Fed's 0.75% hike Unless you were living on Mars, and even there they probably heard the news, the FOMC hiked the Fed Funds rate by 0.75% overnight to a target range of 1.50%-1.75%, as anticipated by the market. The Fed downgraded its US growth forecasts for 2022 and 2023 but remained adamant there would be no recession.
16-06-2022 06:21 GMT by Jeffrey Halley
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US Close - Happy Fed/ECB Day, Traders breathe a sigh of relief, Oil drops on demand outlook, Gold shines, Bitcoin in trouble
Risky assets got their groove back after the Fed restored confidence that they are serious about fighting inflation but that a steady stream of supersized hikes would be unlikely. Wall Street made this an easy policy decision for the Fed as the two-year Treasury yield surged from 2.83% to over 3.40% since Friday’s inflation report.  The Fed raised its benchmark rate by 75 basis points, the largest increase since 1994, and signaled more hikes are coming, but that trend won't last beyond 2023.  Th
15-06-2022 16:22 GMT by Edward Moya
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New Zealand dollar fights back
NZD/USD is in positive territory on Wednesday, after an extended slide. In the North American session, NZD/USD is trading at 0.6244, up 0.46% on the day. The New Zealand dollar received a boost today from an unexpected source, the European Central Bank.
15-06-2022 11:39 GMT by Kenneth Fisher
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ECB calms markets ahead of the Fed
We're seeing a modest recovery in equity markets ahead of some key central bank meetings but investors remain wary of what's to come. It's become very clear that central banks are going to have to be very aggressive in countering mounting price pressures around the globe and that the probability of recessions has increased. Stagflation is not yet here but the risks around it have risen considerably in recent months which makes central bank responses all the more critical.
15-06-2022 11:26 GMT by Craig Erlam
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Aussie surges ahead FOMC, jobs report
The Australian dollar has reversed directions on Wednesday and climbed sharply. In the European session, AUD/USD is trading at 0.6937, up 0.98% on the day. If your fancy is a currency with wild swings, then stay put and don't change the channel.
15-06-2022 07:11 GMT by Kenneth Fisher
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Oil drifting, gold dips lower
Oil is noisy but sideways Oil prices traded in a very wide range overnight, but like currency markets, once the histrionics passed and the dust settled, didn’t do a lot, remaining near to recent highs. Brent crude ranged between USD 119.00 and USD 125.00 before finishing just 1.05% lower at USD 120.85 a barrel.
15-06-2022 05:57 GMT by Jeffrey Halley
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US dollar consolidates pre-FOMC
Dollar eyes FOMC rate decision Currency markets had a choppy but ultimately range trading session overnight, as higher US yields once again supported the US dollar modestly, while pre-FOMC caution limited its gains. The Asian session is being marked by similar price action, the US dollar easing today as investors lighten their exposure.
15-06-2022 05:47 GMT by Jeffrey Halley
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Noisy pre-FOMC consolidation
The sell-everything trade has mostly paused for breath over the last 24 hours, with US equities finding their feet overnight, Asian equities rallying today, and the US dollar giving back some of its recent gains. Bond markets remain the exception.
15-06-2022 04:19 GMT by Jeffrey Halley
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