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 struggling

Oil rallies after strong US numbers Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks good and China’s economy could be ready to bounce back fairly soon. Momentum from yesterday’s bullish EIA crude oil inventory still lingers, but technical resistance at the $90 a barrel level is capping WTI’s rally for now. OPEC Secretary General Al Ghais reminded energy traders that OPEC could be in a posi

18-08-2022 13:58 GMT by Edward Moya

Oil rebounds, gold tries to form a range

Oil Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks good and China’s economy could be ready to bounce back fairly soon. Momentum from yesterday’s bullish EIA crude oil inventory still lingers, but technical resistance at the $90 a barrel level is capping WTI’s rally for now. OPEC Secretary General Al Ghais reminded energy traders that OPEC could be in a position to cut production if needed.

18-08-2022 13:38 GMT by Edward Moya

USD/JPY eyes Japanese CPI

It hasn't been a good week for the Japanese yen, as USD/JPY has climbed 1.24%. The yen is almost unchanged today, trading at 135.16. Japan wraps up the week with a key inflation release on Friday.

18-08-2022 11:39 GMT by Kenneth Fisher

British dips below 1.20, retail sales next

The British pound continues to lose ground and has fallen below the 1.20 line for the first time since July 26th. GBP/USD is trading at 1.1996 in the North American session, down 0.47%. Pound eyes UK retail sales It has been a busy economic calendar in the UK this week.

18-08-2022 10:18 GMT by Kenneth Fisher

Aussie bounces back after soft jobs report

The Australian dollar edged lower following today's Australian employment report but has reversed directions. In the European session, AUD/USD is trading at 0.6957, up 0.28%. Australian employment report disappoints Australia released the July employment report, and the numbers were surprisingly soft.

18-08-2022 06:10 GMT by Kenneth Fisher

Oil prices steady, gold under pressure

Oil steady after inventory boost Oil prices are treading water following Wednesday's rally which came on the back of the EIA inventory data. The surprising and substantial drawdown alongside record crude exports provided a boost just as the price was testing multi-month lows.

18-08-2022 05:29 GMT by Craig Erlam

Aussie slides below 70

The Australian dollar is taking it on the chin today. In the North American session, AUD/USD is trading at 0.6925, down 1.30% on the day. China's weakness weighing on Aussie The Australian dollar is having a miserable week, down 2.76%.

17-08-2022 09:51 GMT by Kenneth Fisher

New Zealand dollar slides after RBNZ hike

RBNZ delivers another 0.50% hike The New Zealand dollar has taken a tumble today. In the European session, NZD/USD has declined by 0.88% and is trading at 0.6289.

17-08-2022 08:53 GMT by Kenneth Fisher

Pound yawns as UK inflation hits 10.1%

The British pound is almost unchanged today, trading just above the 1.21 level. UK inflation hits double-digits It hasn't been a good week for the UK, with today's inflation report following grim wage growth numbers. Headline inflation in July hit 10.1% YoY, up from 9.4% and above the estimate of 9.8%.

17-08-2022 06:03 GMT by Kenneth Fisher

Aussie stabilizes after slide

The Australian dollar is steady today, after a massive 1.40% decline on Monday. In the North American session, AUD/USD is trading at 0.7015, down 0.10% on the day. Aussie volatility continues For those looking for volatility, the Australian dollar should fit the bill. AUD/USD jumped 150 points last Wednesday and briefly pushed above the 0.7100 level for the first time since June 10th.

16-08-2022 11:22 GMT by Kenneth Fisher

Pound recovers losses after jobs report

The British pound remains under pressure. In the North American session, GBP/USD is trading at 1.2055, unchanged the day.

16-08-2022 09:36 GMT by Kenneth Fisher

Oil extends decline, gold edges lower

Two-way risk for oil as a decision on JCPOA nears? Oil prices are sliding once more after tumbling on Monday following some woeful Chinese data. The unexpected MLF rate cut from the PBOC may have further spooked traders as it's unlikely to have any positive impact and just looked a little desperate.

16-08-2022 06:56 GMT by Craig Erlam

Pound extends losses, employment report next

The British pound is in negative territory for a third straight day. In the North American session, GBP/USD is trading at 1.2083, down 0.44% on the day. UK wages expected to decelerate There were no UK releases on the economic calendar today, but things will get busy, with employment data on Tuesday and the inflation report on Wednesday.

15-08-2022 11:44 GMT by Kenneth Fisher

Yen steady as GDP within expectations

The Japanese yen has started the week quietly. In the European session, USD/JPY is trading at 133.29, down 0.14%.

15-08-2022 07:38 GMT by Kenneth Fisher

GBP/USD slips on GDP, US confidence data next

The British pound is in negative territory today, after a contraction in UK GDP. In the European session, GBP/USD is trading at 1.2126, down 0.61% on the day. British economy declines in Q2 The British pound posted dazzling gains on Wednesday, surging 1.19%.

12-08-2022 06:54 GMT by Kenneth Fisher

NZ dollar rally continues full steam

NZD/USD has posted strong gains today. In the North American session, NZD/USD is trading at 0.6452, up 0.75% on the day.

11-08-2022 11:26 GMT by Kenneth Fisher

Pound steady ahead of UK GDP

The British pound is trading quietly today, after posting sharp gains on Wednesday. In the North American session, GBP/USD is trading at 1.2220, up 0.02% on the day. US inflation falls, dollar takes a tumble US inflation surprised on Wednesday, as both the CPI and the core CPI readings were lower than expected.

11-08-2022 09:49 GMT by Kenneth Fisher

Australian dollar rises to 2-month high

The Australian dollar has extended its gains today, after rising sharply on Wednesday. In the European session, AUD/USD is trading at 0.7099, up 0.26% on the day. Aussie rockets on US inflation Spectacular.

11-08-2022 05:05 GMT by Kenneth Fisher

GBP/USD soars as US inflation falls

The British pound has surged in today's North American session. GBP/USD has jumped a massive 1.20% on the day and is trading at 1.2218. US inflation underperforms The economic calendar is very light on both sides of the pond today, but that didn't matter as today's US inflation report has sent the US dollar on a nasty slide.

10-08-2022 09:19 GMT by Kenneth Fisher

Yen drifting as US inflation looms

USD/JPY continues to show little movement this week, in sharp contrast to Friday, when the pair jumped a massive 1.55%. In the European session, USD/JPY is trading at 135.02 down 0.09%. The yen had shown some strength against the dollar recently, but took a tumble after the stunning US nonfarm payroll report on Friday.

10-08-2022 07:21 GMT by Kenneth Fisher

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