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 stems slide but still below 1.05

The euro has edged higher on Thursday, after posting losses in two consecutive sessions. The markets were treated to a data dump out of the eurozone, with some mixed numbers. On the employment front, the eurozone unemployment rate fell to 6.6%, down from 6.8% (6.7% exp.).

30-06-2022 13:24 GMT by Kenneth Fisher

New Zealand dollar near 2-year low

The New Zealand dollar is steady on Thursday. Earlier in the day, NZD/USD fell below the 0.62 line before recovering, coming within a whisker of 0.6996, its lowest level since May 2020. NZ Business Confidence sags It was another rough outing for New Zealand ANZ Business Confidence, which fell in June to -62.6, down from -55.6 in May.

30-06-2022 11:14 GMT by Kenneth Fisher

Local data releases dominate Asia

US equities struggled for direction overnight, with the S&P 500 and Nasdaq almost unchanged, while the Dow Jones eked out a small gain. The outcome is hardly surprising with Wall Street tying itself up in knots and whipsawing itself over the last week under the deluge of inputs from the geopolitical, central bank and data space.

30-06-2022 04:02 GMT by Jeffrey Halley

Oil market stays tight, gold ready to shine

Oil Crude prices rallied as the oil market looks like it will remain very tight after indirect nuclear deal talks between the US and Iran ended without result. The supply outlook for crude is looking vulnerable and could see some disruptions lead to much higher oil prices. Ecuador’s oil production is declining rapidly, down 1.8 million barrels during the 15 days of protest. Libya is suspending oil exports from the Es Sider port. Unless the EIA crude oil inventory report posts a surprisingl

29-06-2022 09:34 GMT by Edward Moya

Lagarde talks tough, Powell next at ECB

The euro remains under pressure and briefly fell below the symbolic 1.0500 level in the Asian session before recovering. Lagarde says ECB ready to act if needed The ECB forum in Sintra, Portugal this week is a chance for the heads of central banks to hobnob and provide encouragement in these challenging times. ECB President Lagarde, Federal Reserve Chair Powell and BoE Governor Bailey are all in attendance.

29-06-2022 06:34 GMT by Kenneth Fisher

BOJ reaffirms policy, yen at 136

Kuroda pledges to maintain easy policy The Japanese yen is one of those currencies that keeps investors on its toes, and it has certainly lived up to its billing in recent weeks. USD/JPY has shot up 5.79% in the month of June and is back above the 136.00 line.

29-06-2022 04:05 GMT by Kenneth Fisher

US dollar stages impressive rally

US dollar rises as equities lose appeal The US dollar rallied overnight, with the dollar index unwinding much of the last week's retreat in just one session. A slump by US equities sparked a rush to safety in the greenback, even as US yields were almost unchanged.

29-06-2022 03:17 GMT by Jeffrey Halley

Dumb and dumber

Readers should probably stop watching US stock markets for economic wisdom, as the price action overnight confirmed that part of the financial world has as little future insight as anywhere else. Last week, US equity markets rallied on the back of the arcane logic that a US recession would mean a lower terminal Fed funds rates and thus, was bullish for stocks, especially bombed-out tech stocks.

29-06-2022 02:59 GMT by Jeffrey Halley

Swiss franc continues to rise

June rollercoaster ride for Swissie It has been a tale of two Junes for the Swiss franc. USD/CHF rose about 400 points in the first half of the month and breached above the parity line.

28-06-2022 08:09 GMT by Kenneth Fisher

Aussie rises ahead of retail sales

The Australian dollar is in positive territory on Tuesday. AUD/USD is trading at 0.6944 in European trade, up 0.28% on the day. Retail sales expected to soften Australia releases retail sales for May on Wednesday.

28-06-2022 06:26 GMT by Kenneth Fisher

Yen ticks higher after BoJ inflation

Inflation is slowly moving higher The phrase "surging inflation" is in the financial press on a daily basis, as the major economies grapple with what has become public enemy number one. Japan, however, does not come to mind as a country dealing with high inflation, and indeed inflationary pressures there are much more modest than what we're seeing elsewhere.

28-06-2022 05:08 GMT by Kenneth Fisher

Oil gains ground, gold fades

Oil prices rally on supply concerns Oil prices rallied once again overnight as a Reuters story over Saudi Arabia and UAE capacity constraints, as well as disruption of supplies from Libya and Ecuador overrode US recession concerns. Another lesson is that markets ignore crude futures backwardation at their peril when trying to pick a top in oil prices.

28-06-2022 03:43 GMT by Jeffrey Halley

US dollar mixed

US dollar shows muted reaction to US releases A rise in US yields overnight boosted the USD/JPY slightly, but elsewhere, the greenback continued its modest retreat versus the G-20 space as currency markets showed very little reaction to the US data. The dollar index eased 0.17% lower to 103.95, where it remains in Asia.

28-06-2022 03:35 GMT by Jeffrey Halley

Yen in calm waters ahead of inflation

Yen eyes inflation data Japan has seen inflation move higher, although nowhere near the levels in the US or the UK, which are not far from double-digits. Last week, core CPI for May came in at 2.1% YoY, unchanged from April.

27-06-2022 13:14 GMT by Kenneth Fisher

Focus on ECB Forum

A mixed start to the new trading week, one in which the bulk of the big market-moving events are due from Wednesday onwards. That may make for choppy trading over the next couple of days, in keeping with what we've seen so far in Europe. We will still hear from some central bank policymakers in that time which could send ripples through the markets but again, the biggest of these will also come on Wednesday.

27-06-2022 11:18 GMT by Craig Erlam

Australian dollar drifting

The Australian dollar had a relatively quiet week and the limited movement has continued on Monday. There are no Australian releases today, so barring any surprises from today's US durable goods release, I expect little movement from AUD/USD in today's session. The RBA holds its policy meeting next week and is widely expected to raise rates.

27-06-2022 08:41 GMT by Kenneth Fisher

Euro calm, ECB hosts central bankers

The new trading week kicked off quietly, as there are no European releases on Monday. Not surprisingly, the euro is in calm waters today, trading slightly below the 1.06 line. Central bankers to huddle at ECB forum The ECB will host its annual in Sintra, Portugal this week, with ECB President Lagarde, Federal Reserve Chair Powell and BoE Governor Bailey all attending.

27-06-2022 05:48 GMT by Kenneth Fisher

US dollar edges lower with US yields

Markets price in earlier end to rate moves The US dollar moved slightly lower on Friday as investor confidence ended the week on a high as the street priced in an earlier end to interest rate hikes, and US yields held steady. The dollar index continued grinding lower, falling 0.27% to 104.12, where it remains in another dead Asian session.

27-06-2022 04:33 GMT by Jeffrey Halley

Week Ahead - Welcome relief

Financial markets enjoyed a little reprieve last week following a raft of central bank announcements the week before. Next week sees the focus remain on policymakers, with many set to appear at the ECB Forum on Central Banking in Portugal. Recessions have gone from being a potential consequence of high inflation and rapid monetary tightening to an increasingly likely scenario.

24-06-2022 21:14 GMT by Craig Erlam

Euro drifting as German confidence dips

It has been a relatively quiet week in the currency markets, and the limited activity has continued today, with the euro unchanged. German consumer confidence drops Germany, the bellwether for the eurozone, continues to churn out weak numbers, raising concerns that the bloc could be headed toward a recession. German ifo Business Climate dipped to 92.3 in June, down from 93.0 in May (92.8 est.) Germany and the rest of the eurozone remain vulnerable to negative economic factors which, unfortunat

24-06-2022 08:05 GMT by Kenneth Fisher

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