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.

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

Sterling rises despite weak UK data

UK retail sales decline again The pound has edged higher today, shrugging off soft UK releases. Retail sales for May fell 0.5%, and declined 4.7% YoY, below the estimate of -4.5% (-5.7% prior).

24-06-2022 07:25 GMT by Kenneth Fisher

A week of consolidation

A week of consolidation in stock markets after last week's rout, with Europe looking to end the week with small gains. It hasn't been the blockbuster week that last was. But that's only natural, last week we had a wrath of big central bank meetings and rate announcements.

24-06-2022 06:50 GMT by Craig Erlam

Japanese yen's rally takes pause

The Japanese yen is almost unchanged on Friday, trading at the 135.00 line. Lower US yields boost yen The Japanese yen showed some strength yesterday, gaining around 1% against the dollar. The yen's improvement was a mechanical response to lower US yields rather than any positive factors related to the yen.

24-06-2022 05:52 GMT by Kenneth Fisher

Oil almost unchanged, gold falls

Oil prices are noisy but unchanged Oil prices had another noisy overnight session, trading in wide intraday ranges. Ultimately, as the dust settled, both Brent and WTI finished almost unchanged for the second day in a row.

24-06-2022 04:49 GMT by Jeffrey Halley

Dollar trading sideways

Currency markets continue their sideways trading Currency markets remained steady once again overnight and seem to be finding the back-and-forth histrionics in the stock and bond markets a bit tiresome. Currency markets seem to be adopting a step out of the noise, wait-and-see approach into the end of the week.

24-06-2022 04:39 GMT by Jeffrey Halley

Pound drifting ahead of UK retail sales

Markets brace for soft retail sales It continues to be a quiet week for the British pound. That could change on Friday, with the markets bracing for more bad news from retail sales data for May.

23-06-2022 10:19 GMT by Kenneth Fisher

Japanese yen eyes inflation report

The Japanese yen is in positive territory today, extending its gains from yesterday. USD/JPY is trading at 135.46 in the European session, down 0.56% on the day. Yen rises as US yields dip The yen has gained a bit of strength as USD/JPY is back below 136.00, after rising close to 136.71 earlier in the week, its highest level since September 1998.

23-06-2022 08:14 GMT by Kenneth Fisher

Euro slips on weak PMIs

The euro is in negative territory on Thursday and has pared most of this week's gains. EUR/USD is trading just above the 1.05 line in the European session, down 0.58% on the day. German, eurozone PMIs soften Today's German and eurozone PMIs indicated slower activity in May, which reflects weaker economic activity.

23-06-2022 06:48 GMT by Kenneth Fisher

Oil falls, gold continues range-trade

Oil prices edge lower in Asia Oil prices tumbled in Asia yesterday morning but managed to recover some of their losses throughout the rest of the day. Nevertheless, oil still recorded a substantial loss for the session.

23-06-2022 05:30 GMT by Jeffrey Halley

US dollar continues range-trading

Currency markets continue their sideways trading With the notable exception of the Japanese yen once again, currency markets in the DM space continued to range trade. The overnight move lower by US yields after Powell’s recession remarks saw the US dollar most falling versus the G-20 space, the notable exception being the Australasian sentiment currencies.

23-06-2022 05:24 GMT by Jeffrey Halley

Powell uses the “R-word”

Markets looking for direction after Powell testimony Federal Reserve Chairman Jerome Powell’s semi-annual testimony on Capitol Hill was the centre of attention overnight. Mr Powell finally dispensed with soft landings, describing them as challenging, and instead said that a recession is “certainly a possibility.” That should have been enough to spark a somewhat counterintuitive risk sentiment rally as Fed hiking expectations were dialled back, but instead, we got a mixed response as Mr Powell as

23-06-2022 04:48 GMT by Jeffrey Halley

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