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.

GBP/USD - Can it Break major support?

Possible divergences appearing The pound has come under heavy pressure recently, particularly against the dollar which has been performing well against the broader market. While the BoE is poised to continue its run of a rate hike at every meeting, making it one of the more hawkish central banks, the moves in the pound are also a reflection of the challenges facing the UK economy, which the central bank believes is heading for double-digit inflation and a recession. The question is how far th

18-05-2022 12:00 GMT by Craig Erlam

UK inflation soars to 9%

Pound slides after CPI report The British pound has taken a tumble after April CPI jumped to 9.0% YoY, up sharply from 7.0% in March. GBP/USD has fallen 100 points today and is trading at 1.2390 in North American trade. UK inflation continues to run at a 40- year high, and the cost of living crisis is undoubtedly keeping Finance Minister Sunak and BoE Governor Bailey awake at night.

18-05-2022 10:24 GMT by Kenneth Fisher

Australian dollar dips after WPI

After three successive winning sessions, the Australian dollar has reversed directions on Wednesday. In the European session, AUD/USD is trading slightly above the symbolic 70 level. Wage growth ticks higher It wasn't all that long ago that RBA Governor Lowe would reiterate that there would be no rate hikes until wage growth hit 3%.

18-05-2022 07:58 GMT by Kenneth Fisher

Oil falls on Venezuala and EU, gold dips

Venezuela/Europe send oil lower Overnight, oil prices touched multi-week highs until the US announced it was starting a process, potentially leading to an easing of sanctions on Venezuela. That immediately saw oil reverse all its impressive intraday gains and both Brent crude and WTI finished slightly lower on the day.

18-05-2022 04:51 GMT by Jeffrey Halley

US dollar falls as risk sentiment rises

US dollar retreats on higher risk appetite The US dollar weakened overnight despite US yields moving higher and hawkish Fed officials. Like equity markets, currency markets concentrated on positive US data, and a fall in oil prices which lifted risk-seeking sentiment, although I believe this is all part of a bull market correction.

18-05-2022 04:44 GMT by Jeffrey Halley

Japanese yen remains directionless

The Japanese yen has posted slight gains on Tuesday. In the North American session, USD/JPY is trading at 129.32, up 0.17% on the day. The US dollar pummelled the yen in the months of March and April, but the yen has held its own in May.

17-05-2022 13:11 GMT by Kenneth Fisher

British pound soars on strong jobs data

The British pound continues to rally on Tuesday. GBP/USD is trading at 1.2463 in the European session, up 1.15% on the day. UK employment numbers sparkle The tight UK labor market is getting even tighter, as reflected in the March employment report.

17-05-2022 11:38 GMT by Kenneth Fisher

Oil surges, gold stronger

Oil Crude prices initially surged as China’s fight against COVID appears to be headed in the right direction, but gave up a good amount of gains after US officials signaled that the strategy on Russian crude could switch from embargo to tariffs. If the West decides to slap tariffs on Russian crude instead of an embargo, that would keep supplies on the market, which should put a cap on the recent crude rally. The oil market remains tight but if the EU embraces the strategy of putting tarif

17-05-2022 10:45 GMT by Edward Moya

Rebound continues

Stock markets are in positive territory once more on Tuesday as investors continue to see value after a substantial sell-off in recent weeks. I'm not particularly convinced about the sustainability of such a move against the backdrop of high inflation, much higher interest rates and probable recessions but there's no doubting that the scale of the declines recently was bound to attract some back in. There's plenty of economic data and central bank speak to come this week that could easily make i

17-05-2022 10:26 GMT by Craig Erlam

Oil moving higher, gold stable

Oil could go much higher Oil prices have hit their highest levels since early March as Europe continues to work towards a Russian embargo and China looks to ease Covid restrictions. The lockdowns have offset some of the concerns over supply disruptions amid Russian sanctions following the invasion of Ukraine.

17-05-2022 10:22 GMT by Craig Erlam

Aussie storms past 70 line

The Australian dollar has extended its gains on Tuesday. In the European session, AUD/USD is trading at 0.7034, up 0.93% on the day. Australian dollar recovers After falling to a June 2020 low late last week, the Australian dollar has stormed back with a gain of 230 points since Thursday.

17-05-2022 07:42 GMT by Kenneth Fisher

Oil has support, gold recovers

Oil prices remain firm Oil prices have remained near multi-week highs this week, supported by surging gasoline and distillate prices in the US, and fears around an EU ban on Russian oil imports remaining in play. If markets start pricing in peak-Shanghai-lockdowns, that will be an additional supportive tailwind for oil prices. Brent crude rose by 2.45% to USD 113.85 a barrel overnight, where it remains in subdued Asian trading.

17-05-2022 05:50 GMT by Jeffrey Halley

US dollar edges lower

Modest US dollar strength in range-trading Asian session The dollar index fell again overnight, as recessionary concerns appear to be prompting the start of a long-overdue short-term correction to US dollar strength. Resistance at 105.00 held fast on Friday and overnight, the index continued its modest descent, falling 0.27% to 104.19, where it remains in Asia.

17-05-2022 05:37 GMT by Jeffrey Halley

Flip-flop

It was another night of tail-chasing overnight, this time led by Goldman Sachs who said a US recession is a real possibility and that the US dollar might fall as a result. That of course would lead to terminal Fed Funds rates sooner, so sell US dollars and buy US bonds.

17-05-2022 04:00 GMT by Jeffrey Halley

Pound yawns after Bailey warnings

The British pound is trading quietly on Monday, as the currency markets have started the week with a whimper. BoE's Bailey says dark times ahead BoE Governor Bailey testified before lawmakers earlier today, and his message was a grim one. The BoE has predicted that soaring inflation could top 10%, and Bailey today admitted that "this is a bad situation to be in". Bailey said that the Ukraine war could cause a further energy shock and that his concern about the surge in food prices was "apocal

16-05-2022 12:07 GMT by Kenneth Fisher

CAD rallies on US consumer confidence

The Canadian dollar is unchanged on Monday, as it trades at the 1.29 line. Weak US consumer confidence boosts Canadian dollar The Canadian dollar ended the week in splendid fashion, with gains of over 1 per cent. This marked the Canadian dollar's best one-day performance this year and recovered all of the week's losses.

16-05-2022 10:46 GMT by Kenneth Fisher

EU forecast: growth down, inflation up

The euro is drifting at the start of the week, as EUR/USD trades slightly above the 1.04 level. The euro remains under pressure, as it continues to weaken against the US dollar. EUR/USD hasn't mustered a winning week since March and hit a dubious milestone on Thursday, closing below the 1.04 line for the first time since January 2003.

16-05-2022 08:33 GMT by Kenneth Fisher

Week Ahead – Wall Street Whipsawed

It was a tremendous week of market volatility for every asset class on Wall Street. It is still all about inflation and what will be the reaction from central banks. A challenging inflation and growth mix have driven investor concerns that the Fed won’t be able to deliver a soft landing.

13-05-2022 17:19 GMT by Edward Moya

Euro under pressure, falls below 1.04

The euro has stabilized on Friday, after a dreadful Thursday in which EUR/USD fell 1.26%. Russian announces sanctions The euro continues to struggle and is trading at lows last seen in January 2017. The Ukraine war has taken a bite out of the eurozone economy and sent the euro tumbling.

13-05-2022 08:27 GMT by Kenneth Fisher

British pound's woes continue

The British pound can't seem to find its footing. GBP/USD hasn't had a daily winning session since May 4th and closed on Thursday below the 1.22 line, for the first time since May 2020.

13-05-2022 07:42 GMT by Kenneth Fisher

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