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.

Japanese yen jumps as US GDP slides

The yen has surged on Thursday. USD/JPY trades at 134.46, down 1.56% on the day. Yen jumps on US GDP decline The US dollar has lost ground against the majors, following a soft US GDP reading earlier.

28-07-2022 12:08 GMT by Kenneth Fisher

NZD flat, USD GDP falters

The New Zealand dollar has pared gains which it made earlier in the North American session. NZD/USD is trading at 0.6266, up 0.02% on the day. US GDP contracts for a second straight quarter The US economy contracted in the second quarter by 0.9%, surprising the markets which had forecast a 0.5% gain.

28-07-2022 11:06 GMT by Kenneth Fisher

Aussie joins post-FOMC rally, US GDP looms

US dollar sinks after FOMC rate hike There were no surprises from the Federal Reserve, which delivered a second straight 0.75% hike on Wednesday. The markets had priced in this move, although it was a live meeting, as there was an outside chance of the Fed firing a massive 1.00% salvo in order to curb runaway inflation.

28-07-2022 06:58 GMT by Kenneth Fisher

Oil rallies, gold climbs as dollar sinks

Oil rises once again overnight Oil prices climbed once again overnight, boosted by a weaker US dollar and a large drawdown of crude and gasoline stocks in the overnight official US Crude Inventory data. The inventory data was a surprise, and in combination with tumbling Russian natural gas supplies to Europe, it seems the reality that the physical market is as tight as ever is boosting prices. Brent crude rose 2.45% overnight to USD 107.15 a barrel.

28-07-2022 04:48 GMT by Jeffrey Halley

FOMC sparks US dollar selloff

Dollar falls on Powell's rate remarks Jerome Powell’s remarks around rate hikes being driven by data sparked a sentiment rally overnight, as markets priced in peak inflation and interest rates. With equities rallying hard, the haven US dollar resumed its downward correction, being sold heavily versus the G-10 space.

28-07-2022 04:42 GMT by Jeffrey Halley

Powell sparks buy everything rally

You had the feeling that Wall Street, with perpetually itchy buy-button trigger fingers, was primed for this FOMC. As expected, the FOMC raised the Fed Funds target by 0.75%, to a target range of 2.25%-2.50%.

28-07-2022 04:24 GMT by Jeffrey Halley

Fed React: Inflation commitment remains/ likely appropriate to slow increases, Stocks rally, Oil higher post EIA data/Fed/Iran nuclear deal stalemate, Gold shines, Bitcoin enjoys risk rally

US stocks extended gains after the Fed signaled that it will likely be appropriate to slow rate increases at some point. Now that traders see light at the end of the Fed tightening tunnel, the Nasdaq is starting to look like the cleanest dirty shirt in what looks like a 2023 recession bound economy.

27-07-2022 15:08 GMT by Edward Moya

Euro stablizes after sharp slide

The euro has edged higher on Wednesday, after sliding over 1% yesterday. In the North American session, EUR/USD is trading at 1.0147, up 0.29% on the day. All eyes on Federal Reserve The markets are eagerly awaiting the FOMC decision later today.

27-07-2022 10:03 GMT by Kenneth Fisher

Aussie shrugs after inflation report

The Australian dollar has edged higher on Wednesday. AUD/USD is trading at 0.6950 in European trade. CPI rises, but less than expected Australia's inflation rate accelerated in the second quarter, but the market reaction was muted, as the 6.1% gain was a notch below the estimate of 6.2%.

27-07-2022 07:47 GMT by Kenneth Fisher

US dollar eyes FOMC decision

Currency markets range-trade overnight It was another night of range trading for currency markets overnight, which seem reluctant to aggressively position until the FOMC is out of the way. One exception was the euro, which fell heavily on natural gas-derived recession fears.

27-07-2022 04:52 GMT by Jeffrey Halley

We're here, finally

Markets expecting 75bp hike After what seems like an interminable wait, we are finally at FOMC day, and the last one I shall be covering as the voice of reason in this missive. Markets have baked another 75 basis points into their loaves of bread, but it's going to be all about what the Fed and Jerome Powell say and not what they do.

27-07-2022 04:35 GMT by Jeffrey Halley

Stocks drop on soft data and string of cautious earnings outlooks, downbeat earnings, potential SEC probe on Coinbase sinks crypto

US stocks declined after a wrath of gloomy corporate outlooks made it seem like this current wave of growth concerns would send this economy quickly into a recession. Risk appetite is struggling here as European gas prices are skyrocketing, multinationals are complaining of a troubling macro environment, and consumer confidence plunges.

26-07-2022 14:58 GMT by Edward Moya

Oil punches above USD 100, gold slips

Recession the primary downside risk There's naturally a lot of focus on the energy market right now, with Gazprom reducing gas flows to Europe via Nord Stream 1 to only 20% from tomorrow. The news didn't come as a massive shock even if it did trigger a 10% spike in the price.

26-07-2022 13:03 GMT by Craig Erlam

Euro slides on Nord Stream squeeze

The euro has taken a nasty tumble today. In the North American session, EUR/USD is trading at 1.0144, down 0.76%. Nord Stream 1 reduced to 20% capacity The energy crisis surrounding Nord Stream 1, a key channel for Russian gas exports to Europe continues to simmer.

26-07-2022 09:36 GMT by Kenneth Fisher

Australian CPI expected to rise

The Australian dollar has edged lower today. AUD/USD is trading at 0.6937, down 0.15% on the day. Markets brace for higher CPI Australia releases second-quarter CPI on Wednesday, with the markets expecting a sharp acceleration in inflation, which could wake up the sleepy Australian dollar.

26-07-2022 06:13 GMT by Kenneth Fisher

Currency markets range-trade overnight

Will US dollar resume downward correction? Currency markets range-traded overnight, with very little to show in either the G-10, Asia FX, or EM space. The technical picture on the dollar index, however, is testing the bottom of its rising wedge, and it is shouting that the US dollar correction lower still has legs.

26-07-2022 04:01 GMT by Jeffrey Halley

Canadian dollar higher after solid retail sales

The Canadian dollar has started the week with gains. USD/CAD is trading at 1.2852 in the North American session, down 0.54% on the day. Canada's retail sales sparkle Canada released June retail sales on Friday, and the data was stronger than expected.

25-07-2022 10:35 GMT by Kenneth Fisher

EUR/USD shrugs as German confidence slips

The euro is in positive territory at the start of the week. In the North American session, EUR/USD is trading at 1.0245, up 0.30%. German business confidence sinks The US dollar lost some of its lustre last week and the euro took advantage.

25-07-2022 09:41 GMT by Kenneth Fisher

Yen rebounds on lower US yields

The yen is lower at the start of the week. USD/JPY is trading at 136.53, up 0.34%. For a change, the yen enjoyed a winning week against the dollar, the first in two months.

25-07-2022 07:51 GMT by Kenneth Fisher

US dollar moves higher in Asia

US dollar edges higher The US dollar has moved slightly higher in Asia today versus both the DM and Asia FX space, most likely due to the Russian attack on Odessa over the weekend. Friday saw a noisy session, with large intra-day trading ranges versus the major currencies.

25-07-2022 06:37 GMT by Jeffrey Halley

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