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 steady, gold

Economic fears slow rally in oil Oil prices are only marginally higher at the start of the week as Europe's failure to agree on a ban on Russian oil and economic fears offset the Shanghai reopening. Hungary is still holding out against the deal but the bloc is confident that it will get over the line.

23-05-2022 13:22 GMT by Craig Erlam

Lagarde signals summer hikes

The week has started on a positive note, with investors having another stab at buying the dip following a further wave of selling in recent sessions. The S&P 500 joining the Nasdaq in bear market territory naturally has everyone wondering whether the market has bottomed. It's not been the best year for dip buyers but equity markets are now trading at such a discount from their highs that it's natural for investors to be asking the question. The economic headwinds remain a major concern though an

23-05-2022 13:12 GMT by Craig Erlam

Aussie jumps on US recession jitters

The Australian dollar has started off the week with strong gains. AUD/USD is up 0.76%, trading at the 71 line. Australia's election was a tightly contested affair, and in the end, Labour's Anthony Albanese emerged the winner and replaces Scott Morrison as prime minister.

23-05-2022 12:31 GMT by Kenneth Fisher

Euro surges to 1-month high

The euro has jumped out of the gates on Monday with sharp gains. In the European session, EUR/USD is trading at 1.0673, up 1.12% on the day. Euro rebounds The euro looked hopelessly lost earlier this month, when it dropped to 1.0349, its lowest level since January 2017.

23-05-2022 07:25 GMT by Kenneth Fisher

Oil calm, gold rises

A quiet day for oil markets Oil prices edged higher on Friday in New York, as the persistent squeeze in refined petroleum products in the US, and ever-present Ukraine/Russia risk underpinned prices, with China slowdown and US recession noise limiting gains. Mind you, in one article I read this morning, China's recovery hopes were supporting oil while China's slowdown hopes were capping gains.

23-05-2022 05:56 GMT by Jeffrey Halley

US dollar pares gains in Asia

US dollar eases in Asia after firm CNY fixing The US dollar posted modest gains on Friday, despite weaker US bond yields, as traders reduced US dollar shorts into the weekend. The dollar index rose 0.15% to 103.05.

23-05-2022 05:45 GMT by Jeffrey Halley

Market Insights Podcast (Episode 331)

Jonny Hart looks back on the week's business and markets news with OANDA Senior Market Analyst Ed Moya in New York. This week they discuss the S&P 500 index decline to bear market territory, the oil market, and if king dollar's reign is over. They also discuss what the week ahead has in store for financial markets.

20-05-2022 15:26 GMT by Edward Moya

US Close - S&P 500 enters bear market, Fading Rallies, Deere shares hit hard, Footlocker rallies, Oil rises, Gold steady, Bitcoin lower

At the beginning of the year, no one thought that the S&P 500 was headed to bear market territory, but persistent inflation, another Fed policy mistake, and recession fears have unnerved investors. The S&P 500 has lost over 20% of its value from the January high and it seems that that technical selling will only accelerate. The way macro backdrop is unfolding, it seems traders will continue to fade any rallies that emerge until the Fed starts to show signs that they are worried about financial

20-05-2022 15:21 GMT by Edward Moya

Gold - A sustainable rebound?

OANDA Senior Market Analyst Craig Erlam talks about why gold has rebounded in recent days and whether it can continue.

20-05-2022 09:22 GMT by Craig Erlam

Oil drifting, gold rises on recession fears

Oil flat but risks remain to the upside It's been another volatile week of trade in oil but Brent and WTI are set to end it roughly where they started. They're seeing small gains on the day but price action remains very choppy.

20-05-2022 08:40 GMT by Craig Erlam

Is the yen making a comeback?

After a brutal slide over the past two months, the Japanese yen is showing some bounce in its step. Japanese yen bounces back The yen registered 10 straight losing weeks but finally ended that nasty streak last week, with gains of about one per cent. Barring any surprises today, the yen will repeat with another strong week.

20-05-2022 07:56 GMT by Kenneth Fisher

Pound yawns on mixed retail sales

The British pound is drifting on Friday, after showing unusually strong volatility this week. The pound rebounded on Thursday, racking up gains of 1.06% and briefly breaking above the symbolic 1.25 line. UK retail sales showed a strong gain in April, with a gain of 1.4% MoM.

20-05-2022 05:00 GMT by Kenneth Fisher

Gold - Back in favour?

Or just a blip? Gold has very much fallen out of favour over the last month as it fell 10% on the back of coming within a whisker of $2,000. But has something changed? We've seen plenty of risk aversion in the markets over the last 24 hours, with stock markets falling heavily, and rather than being particularly supportive for the dollar, it's gold that has performed well which hasn't really been the case in recent weeks. Perhaps that's because higher inflation and therefore interest rate expe

19-05-2022 11:26 GMT by Craig Erlam

New Zealand dollar roars

The US dollar is in retreat on Thursday, and the New Zealand dollar has taken full advantage. NZD/USD has surged 1.57% and is trading at 0.6390 in the North American session. The New Zealand government released its annual budget today and announced measures aimed at tackling the cost of living crisis.

19-05-2022 10:52 GMT by Kenneth Fisher

Oil downturn continues, gold climbs

Oil slips as economic concerns weigh Those economic concerns are filtering through to the oil market which is seeing the third day of losses, down a little more than 1% today. We were bound to see some form of demand destruction if households continued to be squeezed from every angle and it seems we may be seeing that expectation weigh a little as we move into the end of the week. Meanwhile, China is reportedly looking to take advantage of discounted Russian crude to top up its reserves in a mov

19-05-2022 09:23 GMT by Craig Erlam

Pound stems bleeding, retail sales next

The British pound has reversed directions on Thursday, after sliding 1.22% a day earlier. GBP/USD is trading at 1.2402 in the European session, up 0.50% on the day.

19-05-2022 06:26 GMT by Kenneth Fisher

Aussie rebounds on jobs report

Unemployment falls to record low The Australian dollar has rebounded on Thursday. AUD/USD is trading at 0.6980 in the European session, up 0.38% on the day. Australia's April employment report was a further confirmation that the labour market remains tight.

19-05-2022 05:22 GMT by Kenneth Fisher

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

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