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.

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

More tail chasing

Wall Street did another U-turn overnight, finishing lower as the dearth of tier-1 data and the pre-FOMC media blackout left the FOMO gnomes chasing their tails once again. Wall Street closed modestly lower, ostensibly because Apple said it would slow hiring, joining its other tech-giant brethren.

19-07-2022 03:39 GMT by Jeffrey Halley

Oil rises above USD 100, gold rebounds

Oil higher after Biden's trip disappoints Crude prices are back where they belong, over the USD 100 a barrel level, after President Biden’s trip to the Mideast did not yield any oil commitments by the Saudis. Boosting oil was also a weaker dollar that stemmed from a broad rebound for risky assets. The oil market will remain tight as the latest earnings updates reinforced how strong the US economy remains.

18-07-2022 13:29 GMT by Edward Moya

Euro rallies to 1-week high

The euro is showing some strength, after posting a winning week for the first time in a month. EUR/USD is trading at 1.0143, up 0.55% on the day. After a dramatic drop below the parity line last week, for the first time in 20 years, the euro has rebounded and is trading above the 1.01 level.

18-07-2022 05:36 GMT by Kenneth Fisher

Oil edges higher, gold steady

Oil prices edge higher Both Brent crude and WTI rose modestly on Friday as they continued to unwind the mid-week slump. In Asia, hopes of more China stimulus, and a lack of concrete production promises from President Biden’s Middle East visit have seen Brent crude prices climb in Asian trading. Brent crude finished Friday’s session 1.25% higher at USD 100.80, having tested USD 102.50 intraday.

18-07-2022 03:40 GMT by Jeffrey Halley

Wall Street rally pushes US dollar lower

US dollar retreats as Wall Street rises The US dollar fell heavily on Friday, versus the developed market space, as Wall Street's impressive rally spilt over into a broader sentiment rally in other asset classes. That saw the dollar index make a long-overdue correction lower.

18-07-2022 03:33 GMT by Jeffrey Halley

Bear market rally back on?

Wall Street rises as US data outperforms It says something about the level of confusion in the markets right now (American markets anyway), that having wrung their hands all last about inflation, 100 basis point rate hikes by the Fed, and an impending recession, that strong US Retail Sales and Michigan Consumer Sentiment on Friday saw Wall Street rally impressively. If that data had come out on Tuesday or Wednesday last week, we would probably have had a meltdown.

18-07-2022 03:02 GMT by Jeffrey Halley

Week Ahead - Rate hikes galore

Next week offers a plethora of monetary policy meetings with the ECB, BoJ, CBRT, SARB and CBR among those. Central banks have mostly been racing to raise interest rates while watching official inflation data surpass their targets multiple times over.

15-07-2022 13:12 GMT by Craig Erlam

Oil recovers, gold under pressure

Oil recovers amid soothing Fed words Oil prices are edging higher again after falling around 20% over the last month in response to increasing recession fears. Inflation data on Wednesday didn't help matters, with the market pricing in a strong possibility that the Fed moves up a gear and hikes 1% this month. That saw crude prices slip further but soothing words from Bullard and Waller reassured everyone that 75 basis points remains the base case.

15-07-2022 09:13 GMT by Craig Erlam

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