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.

US dollar steady after US holiday

Currency markets trade sideways over the US holiday Not a lot has changed in currency markets overnight despite some decent intraday ranges. The US holiday and a slow news reel ensured that currency traders took the option of easing into the week, awaiting the US return this evening.

21-06-2022 05:12 GMT by Jeffrey Halley

Aussie eyes RBA minutes

It was a roller-coaster week for the Australian dollar, with much of the volatility driven by central bank rate moves. AUD/USD ended the week with a huge decline of 1.62% but has started the week in positive territory. Last week's releases indicate that the labour market remains robust and that inflation expectations are accelerating.

20-06-2022 11:35 GMT by Kenneth Fisher

Japanese yen drifting at 135

The Japanese yen has steadied on Monday, trading just above the symbolic 135 level. Is 140 next for the yen? The BoJ didn't change its playbook at Friday's meeting, and what is usually a dull affair had a huge impact on the yen, as USD/JPY surged over 2%. The central bank reiterated its commitment to an ultra-accommodative policy, despite pressure on the yen, which is wallowing close to 24-year lows against the US dollar.

20-06-2022 10:10 GMT by Kenneth Fisher

Pound steady after rough week

The British pound is slightly higher at the start of the week, and I expect a quiet session, with US markets closed for a holiday. British pound under pressure There was plenty of volatility from GBP/USD last week, as the currency started the week with gains, only to reverse directions and end the week in the red, the third losing week in a row. Perhaps the biggest red flag from the pound's slide was the break below the symbolic 1.20 level last week, for the first time since 2020.

20-06-2022 07:40 GMT by Kenneth Fisher

Oil slides, gold range-trades

Oil slumps on recession fears Oil prices plummeted on Friday as increasing recession fears after soft US Manufacturing and Industrial Production data saw a mess sell-off in futures markets. Brent crude fell by 5.0% to USD 113.15 a barrel, but WTI plummeted by 6.0% to USD 110.00 a barrel.

20-06-2022 05:18 GMT by Jeffrey Halley

US dollar remains firm but choppy

Dollar in choppy waters The US dollar held onto its intraday gains on Friday, as US bond inflows seemed to support it as investors preferred safety over risk into the weekend and today's US holiday. With the weekend being relatively uneventful, the US dollar has eased in Asia, but overall continues a pattern of choppy range trading.

20-06-2022 05:13 GMT by Jeffrey Halley

The “R” word

Recession fears are escalating The “R” word is being used more and more as recessionary winds start blowing more loudly through economic data and the price actions across the asset class spectrum. On Friday, US manufacturing and industrial production data were soft.

20-06-2022 04:40 GMT by Jeffrey Halley

Week Ahead - Acceptance

Heading for a recession? This past week felt like a big moment for central banks and financial markets. It was the moment when the majority accepted that inflation isn't just a problem, it's one that needs to be dealt with powerfully in order to prevent it from spiralling out of control and becoming ingrained in the economy.

17-06-2022 12:21 GMT by Craig Erlam

Oil steady around US 120, gold under pressure

Oil steady as European gas prices surge Oil prices are relatively steady at the end of the week, just shy of USD 120. Despite the correction over the last week or so, the market remains extremely tight and the price risks still remain tilted to the upside.

17-06-2022 09:32 GMT by Craig Erlam

British pound pares post-BoE gains

Pound jumps after BoE rate hike The pound had a wild day on Thursday, trading in a 350-point range. Sterling traded in a 300-point range overnight, with markets not quite sure to make of the BoE's 0.25% rate increase.

17-06-2022 07:21 GMT by Kenneth Fisher

Yen falls back down after BoJ balks

The Japanese yen continues to post strong swings this week and is up sharply on Friday. USD/JPY is trading at 134.67 in Europe, up 1.86% on the day. BoJ maintains yield curve control It's been a busy week, with the markets still digesting some dramatic moves by central banks.

17-06-2022 05:50 GMT by Kenneth Fisher

Oil trading sideways, gold range-trading

Oil trades sideways Oil, once again, endured big ranges overnight, only to finish not far from where it opened. Once again, Brent crude and WTI saw some heavy selling intraday as markets tried to price in a plethora of central bank hikes and potential recessions.

17-06-2022 04:40 GMT by Jeffrey Halley

Central bank tightening sends US dollar lower

US dollar retreats as central banks hike The US dollar fell overnight as traders turned short of USD/JPY ahead of the BOJ meeting, and central banks in the UK and Switzerland hiked policy rates. A rotation from equities to bonds overnight drove down US yields, further eroding short-term support.

17-06-2022 04:34 GMT by Jeffrey Halley

Looking for ABE

The post-FOMC rally ran in equities out of steam within 24 hours with Wall Street plummeting overnight once again. Even the most ardent FOMO gnome had a conviction crisis as a swath of central banks followed the Fed’s lead and hiked policy rates.

17-06-2022 04:03 GMT by Jeffrey Halley

Oil volatile, gold shines

Oil market remains tight ‘Buy the dip’ might be dead for the stock market, but it probably should still work for energy traders. Despite all the fears of aggressive central bank tightening of monetary policy and the slower economic growth that will ensue, the oil market remains very tight. With gasoline prices surging above 5 dollars a gallon, the Biden administration’s call for oil companies to ramp up refining capacity was easily met with an explanation that they will need the government to

16-06-2022 17:10 GMT by Edward Moya

Stocks fade yesterday's post-FOMC rally, SNB shocker, bitcoin hovers above USD 20k

Central banks continue hawkish stance Wall Street was quick to fade yesterday’s post-FOMC rally as the other major central banks are turning very hawkish with their respective inflation battles. Traders paid special attention to a surprise rate hike by the SNB, which paved the way for more increases in the foreseeable future. The BOE also took rates to the highest levels since 2009 and will likely not be easing up anytime soon with their tightening cycle.

16-06-2022 17:08 GMT by Edward Moya

Japanese yen climbs ahead of BoJ meeting

The yen has posted sharp gains for a second straight day. In the North American session, USD/JPY is trading at 132.09, down 1.27% on the day. Federal Reserve hikes by 0.75% Just a few days ago, the Federal Reserve was expected to raise rates by 0.50%.

16-06-2022 13:27 GMT by Kenneth Fisher

Oil steady, gold under pressure

IEA offers a bleak outlook for crude Oil prices are relatively flat on Thursday, after once again edging lower earlier in the session. Crude has been paring gains in recent days after a huge run higher over the previous month but prices are still extremely high.

16-06-2022 11:48 GMT by Craig Erlam

Swiss franc soars after SNB surprise hike

The Swiss franc has posted massive gains today after the Swiss National Bank raised interest rates by 0.50%. In the North American session, USD/CHF is trading at 0.9720, down 2.29% on the day. It has been a week of central bank drama, which started with the Federal Reserve delivering a massive 0.75% rate hike.

16-06-2022 11:41 GMT by Kenneth Fisher

Pound falls, recovers after BoE

BoE raises rates by 0.25% The Bank of England raised rates by 0.25% today. The rate hike, the fifth in a row, brings the Bank Rate to 1.25%.

16-06-2022 08:29 GMT by Kenneth Fisher

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