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.

FOMC week finally

Will FOMC opt for 75bp hike? This month has dragged on and seems to be lasting forever. One reason could be that it is my last full month as a keyboard warrior, toiling as the voice of reason as I try to make sense of the nonsense in the financial markets.

25-07-2022 04:21 GMT by Jeffrey Halley

Week Ahead - Bring on the Fed

Europe took centre stage last week as leaders waited nervously to see if gas would start flowing through Nord Stream 1 again following scheduled maintenance (it did) and the ECB raised its deposit rate to 0%, ending eight years of negative rates. Next week the focus switches back to the US which has a big interest rate decision of its own and a number of major earnings reports.

22-07-2022 12:22 GMT by Craig Erlam

Oil prices fall, gold higher as yields drop

Oil slips further amid recession talk Oil prices are heading lower for a third day, with WTI now closer to USD 90 a barrel than USD 100. Perhaps a surprising twist considering the remaining tightness in the market but also a further sign that investors are increasingly coming around to the idea of a recession in the not-too-distant future.

22-07-2022 08:51 GMT by Craig Erlam

Euro unable to hold onto ECB gains

The euro has reversed directions today and fallen below the 1.02 line. In the European session, EUR/USD is trading at 1.0188, down 0.42%. ECB surprises with 50bp hike The markets were glued to the ECB meeting on Thursday, uncertain as to whether the rate lift-off would be a 25bp or 50bp hike.

22-07-2022 08:31 GMT by Kenneth Fisher

Pound edges lower as retail sales fall

The British pound is in negative territory today and has fallen below the 1.2000 line. In the European session, GBP/USD is trading at 1.1956, down 0.23%. Retail sales slide in June A busy economic calendar in the UK has wrapped up, with a host of releases.

22-07-2022 05:48 GMT by Kenneth Fisher

The end of a messy week

ECB surprise, Nord Stream gas reopens Volatility was the winner overnight, with a multitude of data points and events leaving market price action messier than a teenager's bedroom. The European Central Bank surprised markets by lifting policy rates by 0.50%, ending over a decade of negative interest rates.

22-07-2022 03:48 GMT by Jeffrey Halley

EUR/GBP - Jumps as ECB exits negative rates

OANDA Senior Market Analyst Craig Erlam discusses EURGBP amid the ECB decision to hike more than expected at the beginning of its tightening cycle.

21-07-2022 16:07 GMT by Craig Erlam

Oil drops below USD 100, gold rallies

Oil back below USD 100 Brent and WTI are both trading back below USD 100, something people around the world will be delighted to see as they look on in astonishment when filling their cars. Whether that can be sustained, I'm not sure.

21-07-2022 11:48 GMT by Craig Erlam

Stocks chop, ECB abandons negative rates, bitcoin says, “Et tu, Musk?”

Wall Street is struggling to find reasons to be optimistic as investors digest a wrath of mixed corporate earnings, Russia resumes Nord Stream 1 gas flows, and the ECB acts aggressively with its first rate hike in 11 years. The earnings standout was Tesla, which posted strong earnings and kept its production forecast.

21-07-2022 11:22 GMT by Edward Moya

Sterling unchanged ahead of retail sales

The British pound has been calm for most of the week and has edged lower on Thursday, trading at 1.1936 in the North American session. Markets brace for weak UK retail sales The UK economic calendar has been brimming all week, and Friday will be busy with retail sales and PMI reports. The markets are expecting retail sales to slow in June - headline retail sales is expected at -5.3% YoY, following the May reading of -4.7%, while the core reading is projected at -6.3% YoY, down from -5.7% in Ma

21-07-2022 11:08 GMT by Kenneth Fisher

Canadian dollar dips as inflation jumps

The Canadian dollar has edged lower today, as USD/CAD is trading at 1.2915, up 0.27%. The US dollar appears to have ended its recent downward correction, which saw the Canadian dollar gain about 250 points. Canada's inflation jumps above 8% The US dollar has been on a downward correction since Friday but has steadied today.

21-07-2022 08:58 GMT by Kenneth Fisher

Euro flat ahead of ECB rate move

The euro is unchanged today, as EUR/USD is trading at 1.0180 in the European session. Today's economic calendar is very light, but there are a slew of developments today which could have an impact on the movement of the euro. The ECB will commence its rate-tightening cycle, the Nord Stream 1 pipeline has been reactivated, and Italian Prime Minister Draghi has just tendered his resignation.

21-07-2022 06:01 GMT by Kenneth Fisher

Oil stable, gold loses ground

Oil prices are steady Brent crude and WTI were steady once again overnight, with US official crude inventory data having little impact on prices, although the rise in gasoline inventories by 3.5 million barrels may have capped prices intraday. European gas concerns look to be supporting the downside for now.

21-07-2022 04:08 GMT by Jeffrey Halley

US dollar rebounds overnight

US dollar bounces back The US dollar rebounded overnight as a multitude of risk factors in Europe saw the euro fall heavily, lifting the dollar index. The US dollar strength was not confined to just them, though, with the greenback booking decent gains versus both the DM and EM space.

21-07-2022 03:55 GMT by Jeffrey Halley

6. A.M. Berlin

Thursday is shaping up to be a frisky day for financial markets, but probably nothing today will be more important than when the bell tolls 6. A.M.

21-07-2022 03:36 GMT by Jeffrey Halley

Oil choppy, gold slides

Oil Crude prices pared losses after the EIA crude oil inventory report posted a surprise draw as exports came in impressively strong. So much to take from this mixed EIA oil inventory report. Gasoline demand was surprisingly much softer-than-expected, which helped send futures lower.

20-07-2022 14:22 GMT by Edward Moya

Oil dips, gold vulnerable

Oil pares gains We're seeing small losses in crude after a strong start to the week. That may reflect the reversal in risk appetite during the European session as the latest equity bear-market rally quickly runs on fumes.

20-07-2022 11:28 GMT by Craig Erlam

Euro calm ahead of ECB meeting, Nord Stream

This week's impressive euro rally, which has seen EUR/USD jump by about 200 points, has taken a pause today. EUR/USD is almost unchanged at 1.0224. ECB poised for liftoff It's show time (finally) in Brussels, as the ECB will announce a lift-off in interest rates on Thursday.

20-07-2022 10:26 GMT by Kenneth Fisher

Canadian dollar on upswing, CPI next

The Canadian dollar has enjoyed a good run this week, rising 1.28%. USD/CAD is trading quietly at 1.2888, up 0.13% on the day. Canada's inflation expected to accelerate It seems that everywhere you turn, inflation is going up and up.

20-07-2022 07:38 GMT by Kenneth Fisher

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

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