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.

Canadian dollar eyes GBP, BoC meeting

After a 3-day rally, the Canadian dollar has reversed directions on Tuesday and edged lower. Canada releases GDP for March later in the day. Canada's GDP climbed in February by 1.1% MoM, the highest monthly growth rate since March 2021.

31-05-2022 07:16 GMT by Kenneth Fisher

NZD falls as business confidence swoons

The New Zealand dollar rally has fizzled out on Tuesday. In the European session, NZD/USD is trading at 0.6517, down 0.63% on the day. Business Confidence slides New Zealand's business sector remains deeply pessimistic about the economy.

31-05-2022 05:58 GMT by Kenneth Fisher

Crude rises on EU oil ban, gold steady

Europe's ban on Russian oil sends black gold higher The announcement that a partial EU ban on Russian oil imports has made it over the finish line sent oil prices higher overnight. Recovering PMI data from China today, and by default recovering energy consumption, has seen the rally continue in Asia.

31-05-2022 04:15 GMT by Jeffrey Halley

Dollar edges higher

Dollar stages corrective recovery on a quiet day Currency markets are quiet post the US holiday overnight, and that has allowed a modest short-covering US dollar rally to develop after US yields ticked higher in Asia. The dollar index has added 0.26% to 101.63 this morning, mid-range between support/resistance at 101.00 and 102.50. EUR/USD has given back most of its overnight gains, easing 0.28 to 1.0750 today.

31-05-2022 04:07 GMT by Jeffrey Halley

Asia drifts in post-holiday doldrums

With US markets closed overnight, Asian markets are drifting today. Equities are mixed with currency markets are indulging in some modest US dollar short-covering as US bond futures fall (yields up).

31-05-2022 03:32 GMT by Jeffrey Halley

EUR/USD - Recovery losing momentum

Running into resistance The dollar has given back a decent portion of its recent gains over the last couple of weeks and has now reached some very interesting levels. The greenback correction has coincided with a hawkish shift from the ECB which has lifted the euro, making the impact on the EURUSD pair all the more significant. But how much further can it run? It's now reached a potentially significant area around 1.08 where the top of the steeper descending channel crosses the 50 and 61.8

30-05-2022 12:27 GMT by Craig Erlam

Oil extends gains

Oil prices rally Oil prices are continuing to edge higher as China further eases lockdown restrictions in Shanghai. The lockdowns in China have countered some of the supply shortages in recent months and stopped oil prices from rising too far but with restrictions lifting and the EU closing in on a Russian import ban, we could see Brent back at the early March highs.

30-05-2022 12:24 GMT by Craig Erlam

Euro gains ground in thin holiday trade

The euro is coming off an excellent week, with gains of 2.15%. EUR/USD is trading in positive territory on Monday and is poised to record its first winning month. German inflation rises For those hoping for an inflation peak in the eurozone, it appears that the wait will continue.

30-05-2022 12:12 GMT by Kenneth Fisher

Australian dollar extends rally

The Australian dollar continues to gain ground. AUD/USD has risen 0.31% on the day and is slightly below the 0.72 line.

30-05-2022 10:21 GMT by Kenneth Fisher

NZ dollar shines as US dollar retreats

The New Zealand dollar continues to take advantage of US dollar weakness. NZD/USD posted sharp gains last week, climbing 2.01%. Will Business Confidence improve? The week kicks off with ANZ Business Confidence, which has been in deep-freeze for months.

30-05-2022 07:14 GMT by Kenneth Fisher

Oil rises, gold trading sideways

Brent crude rises above USD 120.00 The disconnect between energy prices and optimism in equity markets continues today in Asia. On Friday, oil prices surged once again, driven by an unrelenting squeeze on refined products, notably diesel and gasoline, globally, with the US driving season about to begin in earnest.

30-05-2022 05:32 GMT by Jeffrey Halley

US dollar dips on risk appetite

Still improving risk sentiment sends US dollar lower The US dollar declined once again on Friday as improving risk sentiment continues to unwind the 2022 US dollar rally. That has spilt over into Asian markets today, with regional currencies booking some decent gains versus the greenback this morning.

30-05-2022 05:01 GMT by Jeffrey Halley

Week Ahead - Another action-packed week

Will the recovery continue? It's likely to be another action-packed week despite numerous countries seeing it shortened by bank holidays. The jobs report is typically the highlight when it comes to the first week of the month but there will be competition from the OPEC+ meeting, Bank of Canada rate decision and inflation data. We've seen a shift in markets over the last couple of weeks, with interest rate concerns being replaced by recession fears and then risk appetite improving after a c

27-05-2022 19:02 GMT by Craig Erlam

Back to winning ways

How sustainable is it? Another positive session in equity markets as bargain hunters are tempted back in to cap off the first winning week in eight in the US. It's been a rough ride and despite this week's performance, there could still be more pain to come. But at these levels, it's only natural that the vultures are circling.

27-05-2022 17:19 GMT by Craig Erlam

AUD hits 3-week high, retail sales climb

The Australian dollar is showing strong gains today. In the European session, AUD/USD is trading at 0.7145, up 0.66% on the day. Australia released retail sales earlier today, salvaging what had been a lacklustre week for Australian releases.

27-05-2022 08:03 GMT by Kenneth Fisher

Canadian dollar higher on retail sales

The Canadian dollar hasn't made any spectacular daily gains since May 13th, when it shot up 1.1%. The currency has, however, made slow but steady progress against its US cousin.

27-05-2022 07:24 GMT by Kenneth Fisher

Improved risk sentiment sends USD lower

US dollar stuck in choppy waters The choppy range trading of the past few session continued overnight as the US dollar swung on day-to-day moves in risk sentiment. A powerful session by Wall Street, along with almost unchanged closes in US bond markets saw improved risk sentiment send the greenback lower overnight.

27-05-2022 06:28 GMT by Jeffrey Halley

Oil rallies, gold trades sideways

Oil rallies sharply Oil prices rallied sharply overnight as markets continued to fret over tight US galena and diesel supplies ahead of the summer driving season. News that President Biden is investigating restarting mothballed US refineries had zero impact on markets.

27-05-2022 06:25 GMT by Jeffrey Halley

Friendly Friday

Asian equities move higher Asian markets have begun the day in an altogether positive mode after Wall Street outperformed overnight. Driving the equity rally were good results from department store retailers, notably high-end ones.

27-05-2022 04:55 GMT by Jeffrey Halley

AUD drifting ahead of retail sales

The Australian dollar started the week with gains of close to one percent, but has been mostly drifting since then. AUD/USD is trading quietly, just below the 0.71 line. It hasn't been a very good week on the Australian release front, raising concerns that the economy may be slowing down.

26-05-2022 10:20 GMT by Kenneth Fisher

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