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 dips as 0.75% ECB hike in question

EUR/USD slipped to a new 20-year low earlier today, falling to 0.9864. Currently, the euro is trading at 0.9910, down 0.20%. Is ECB backtracking on a super-size hike? Eurozone government yields fell sharply today on reports that the ECB may decide to scale down an expected 75 basis point hike on Thursday.

06-09-2022 13:12 GMT by Kenneth Fisher

Pound up as construction data beats estimate

The British pound is in positive territory today. In the North American session, GBP/USD is trading at 1.1535, up 0.13%. UK Construction PMI remains in contraction mode The UK PMIs releases for August are reflecting weak conditions across the economy.

06-09-2022 09:39 GMT by Kenneth Fisher

Aussie slips after RBA raises rates

The Australian dollar is in negative territory today. In the European session, AUD/USD is trading at 0.6763, down 0.51%. RBA raises by 50bp The RBA isn't getting much love, even after raising rates by 50 basis points earlier today.

06-09-2022 05:41 GMT by Kenneth Fisher

Brent edges lower after OPEC, gold rises

Brent steadies after OPEC+ boost Brent crude is a little lower today after seeing decent gains at the start of the week following the OPEC+ output announcement. The decision to reverse the 100,000 barrel per day increase in September was more symbolic than fundamentally significant, in that it doesn't really change the dynamics in the market but it will make traders think twice about driving prices lower in the way they have recently. The disturbing global economic outlook combined with the pros

06-09-2022 04:22 GMT by Craig Erlam

Yen edges lower, household spending next

The Japanese yen remains under pressure. USD/JPY gained 1.92% last week and has extended its gains today.

05-09-2022 13:17 GMT by Kenneth Fisher

AUD/USD edges lower ahead of RBA decision

The Australian dollar has started the week with slight losses. In the North American session, AUD/USD is trading at 0.6798, down 0.19%. Will RBA stay aggressive with a 50bp hike? The Reserve Bank of Australia meets on Tuesday, with investors unclear as to the size of the next rate move.

05-09-2022 10:51 GMT by Kenneth Fisher

Euro hits 20-year low on oil shutdown

The euro fell below the 0.9900 line earlier in the European session but has pared its losses. Currently, EUR/USD is trading at 0.9937, down 0.19%. Euro falls on Nord Stream 1 shutdown US markets are closed for the Labour Day holiday.

05-09-2022 07:04 GMT by Kenneth Fisher

Oil eyes OPEC and Nord Stream 1, gold steady

OPEC+ meets after price cap announcement Today's OPEC+ meeting has been somewhat overshadowed by all the talk of oil price caps and Nord Stream 1. The group is expected to leave output targets unchanged but it's likely that a cut will be at least discussed which, if followed through on, would create more volatility and uncertainty at a time of considerable unease.

05-09-2022 05:41 GMT by Craig Erlam

Market Insights Podcast (Episode 371)

OANDA Senior Market Analyst Craig Erlam reviews the latest market news with Jonny Hart. They discuss the US jobs report, 24-year high in USDJPY, oil ahead of the OPEC+ meeting and Nord Stream 1.

02-09-2022 12:16 GMT by Craig Erlam

Week Ahead - Rate Hikes Keep Coming

The countdown to the September 13 inflation report begins as investors fixate over a wrath of Fed speak, with special attention going towards Chair Powell’s Thursday discussion on monetary policy. It is a slow start to the trading week as US markets are closed on Monday for Labor Day. Tuesday contains the release of the August ISM services index.

02-09-2022 11:22 GMT by Craig Erlam

Yen edges lower as NFP close to forecast

It has been a week to forget for the Japanese yen, as USD/JPY has climbed 2.23% and has pushed across the symbolic 140 line. In the North American session, USD/JPY is trading at 140.57, up 0.26% on the day. US Nonfarm Payrolls within expectations There was plenty of anticipation ahead of today's nonfarm payrolls, with a consensus of 300 thousand.

02-09-2022 09:07 GMT by Kenneth Fisher

Aussie stabilizes after slide, NFP looms

After three straight losing sessions, the Australian dollar is in positive territory today. In the European session, AUD/USD is trading at 0.6802, up 0.21%. It has been a rough stretch for the Australian dollar, which fell 2.89% in August.

02-09-2022 07:03 GMT by Kenneth Fisher

Euro rebounds after sharp losses, NFP next

The euro is in positive territory today after taking a nasty spill on Thursday. In the European session, EUR/USD is trading at 0.9984, up 0.40%. Euro slides as risk appetite slides Thursday was a day to file away and move on for the euro, as EUR/USD tumbled 1.07%.

02-09-2022 05:20 GMT by Kenneth Fisher

All eyes on the jobs report

Stock markets in Europe opened positively on Friday after what has been an otherwise rotten week, while Asia was fairly mixed ahead of the US jobs report. It will be interesting to see whether Europe can maintain the rebound today considering we're heading into the weekend not certain that gas will start flowing through Nord Stream 1 again tomorrow. Grid data suggests it will but until the gas starts actually flowing, it remains a risk.

02-09-2022 04:30 GMT by Craig Erlam

Sell in September, US data impresses, dollar can't be stopped, Bitcoin below $20k

It seems most of Wall Street believes September will be a month we won’t want to remember. We are less than two weeks away from a pivotal inflation report and three weeks from the FOMC meeting. The repositioning of portfolios is just beginning as the Fed accelerates the balance sheet runoff, while we are barely seeing signs that real economy is starting to feel the impact of tightening. US stocks are declining after another round of strong labor and manufacturing data confirm the Fed’s hawki

02-09-2022 03:56 GMT by Edward Moya

Oil crushed on USD and China lockdowns, gold tests $1700

Oil Crude prices are tumbling as China continues to struggle with its fight against COVID and as global recession fears grow as rates surge. China is the key question mark for the crude demand outlook and it seems that reopening momentum will remain elusive. The lockdown of Chengdu, a vital transportation hub, will trigger another massive shock for the Chinese economy. The mood is risk-off on Wall Street and that is driving the dollar to fresh records, which is also putting added pressure on

01-09-2022 14:31 GMT by Edward Moya

EUR/USD - Testing parity ahead of the jobs report

OANDA Senior Market Analyst Craig Erlam discusses EURUSD as it tests parity ahead of Friday's jobs report and the ECB rate decision next week.

01-09-2022 12:09 GMT by Craig Erlam

Canadian dollar falls on soft Mfg. PMI

The Canadian dollar has extended its losses for a third straight day. In the North American session, USD/CAD is trading at 1.3175, up 0.32%. Canada's Manufacturing PMI contracts Canada's Manufacturing PMI fell into negative territory in August, with a reading of 48.7, down from 52.5 in July.

01-09-2022 11:37 GMT by Kenneth Fisher

Euro falls on soft German manufacturing data

The euro has posted sharp losses today and has dropped below parity. In the North American session, EUR/USD is trading at 0.9989, down 0.65%. German Manufacturing PMI remains in contraction Germany's manufacturing sector continues to struggle.

01-09-2022 09:05 GMT by Kenneth Fisher

Pound extends losses after weak Mfg. PMI

The British pound can't buy a break and has fallen for a fifth straight day. GBP/USD is trading at 1.1586 in Europe, down 0.29%. UK Manufacturing PMI contracts The UK manufacturing sector has been struggling for quite some time and in August, manufacturing production declined.

01-09-2022 06:48 GMT by Kenneth Fisher

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