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.

US dollar eyes FOMC decision

Currency markets range-trade overnight It was another night of range trading for currency markets overnight, which seem reluctant to aggressively position until the FOMC is out of the way. One exception was the euro, which fell heavily on natural gas-derived recession fears.

27-07-2022 04:52 GMT by Jeffrey Halley

We're here, finally

Markets expecting 75bp hike After what seems like an interminable wait, we are finally at FOMC day, and the last one I shall be covering as the voice of reason in this missive. Markets have baked another 75 basis points into their loaves of bread, but it's going to be all about what the Fed and Jerome Powell say and not what they do.

27-07-2022 04:35 GMT by Jeffrey Halley

Stocks drop on soft data and string of cautious earnings outlooks, downbeat earnings, potential SEC probe on Coinbase sinks crypto

US stocks declined after a wrath of gloomy corporate outlooks made it seem like this current wave of growth concerns would send this economy quickly into a recession. Risk appetite is struggling here as European gas prices are skyrocketing, multinationals are complaining of a troubling macro environment, and consumer confidence plunges.

26-07-2022 14:58 GMT by Edward Moya

Oil punches above USD 100, gold slips

Recession the primary downside risk There's naturally a lot of focus on the energy market right now, with Gazprom reducing gas flows to Europe via Nord Stream 1 to only 20% from tomorrow. The news didn't come as a massive shock even if it did trigger a 10% spike in the price.

26-07-2022 13:03 GMT by Craig Erlam

Euro slides on Nord Stream squeeze

The euro has taken a nasty tumble today. In the North American session, EUR/USD is trading at 1.0144, down 0.76%. Nord Stream 1 reduced to 20% capacity The energy crisis surrounding Nord Stream 1, a key channel for Russian gas exports to Europe continues to simmer.

26-07-2022 09:36 GMT by Kenneth Fisher

Australian CPI expected to rise

The Australian dollar has edged lower today. AUD/USD is trading at 0.6937, down 0.15% on the day. Markets brace for higher CPI Australia releases second-quarter CPI on Wednesday, with the markets expecting a sharp acceleration in inflation, which could wake up the sleepy Australian dollar.

26-07-2022 06:13 GMT by Kenneth Fisher

Currency markets range-trade overnight

Will US dollar resume downward correction? Currency markets range-traded overnight, with very little to show in either the G-10, Asia FX, or EM space. The technical picture on the dollar index, however, is testing the bottom of its rising wedge, and it is shouting that the US dollar correction lower still has legs.

26-07-2022 04:01 GMT by Jeffrey Halley

Canadian dollar higher after solid retail sales

The Canadian dollar has started the week with gains. USD/CAD is trading at 1.2852 in the North American session, down 0.54% on the day. Canada's retail sales sparkle Canada released June retail sales on Friday, and the data was stronger than expected.

25-07-2022 10:35 GMT by Kenneth Fisher

EUR/USD shrugs as German confidence slips

The euro is in positive territory at the start of the week. In the North American session, EUR/USD is trading at 1.0245, up 0.30%. German business confidence sinks The US dollar lost some of its lustre last week and the euro took advantage.

25-07-2022 09:41 GMT by Kenneth Fisher

Yen rebounds on lower US yields

The yen is lower at the start of the week. USD/JPY is trading at 136.53, up 0.34%. For a change, the yen enjoyed a winning week against the dollar, the first in two months.

25-07-2022 07:51 GMT by Kenneth Fisher

US dollar moves higher in Asia

US dollar edges higher The US dollar has moved slightly higher in Asia today versus both the DM and Asia FX space, most likely due to the Russian attack on Odessa over the weekend. Friday saw a noisy session, with large intra-day trading ranges versus the major currencies.

25-07-2022 06:37 GMT by Jeffrey Halley

FOMC week finally

Will FOMC opt for 75bp hike? This month has dragged on and seems to be lasting forever. One reason could be that it is my last full month as a keyboard warrior, toiling as the voice of reason as I try to make sense of the nonsense in the financial markets.

25-07-2022 04:21 GMT by Jeffrey Halley

Week Ahead - Bring on the Fed

Europe took centre stage last week as leaders waited nervously to see if gas would start flowing through Nord Stream 1 again following scheduled maintenance (it did) and the ECB raised its deposit rate to 0%, ending eight years of negative rates. Next week the focus switches back to the US which has a big interest rate decision of its own and a number of major earnings reports.

22-07-2022 12:22 GMT by Craig Erlam

Oil prices fall, gold higher as yields drop

Oil slips further amid recession talk Oil prices are heading lower for a third day, with WTI now closer to USD 90 a barrel than USD 100. Perhaps a surprising twist considering the remaining tightness in the market but also a further sign that investors are increasingly coming around to the idea of a recession in the not-too-distant future.

22-07-2022 08:51 GMT by Craig Erlam

Euro unable to hold onto ECB gains

The euro has reversed directions today and fallen below the 1.02 line. In the European session, EUR/USD is trading at 1.0188, down 0.42%. ECB surprises with 50bp hike The markets were glued to the ECB meeting on Thursday, uncertain as to whether the rate lift-off would be a 25bp or 50bp hike.

22-07-2022 08:31 GMT by Kenneth Fisher

Pound edges lower as retail sales fall

The British pound is in negative territory today and has fallen below the 1.2000 line. In the European session, GBP/USD is trading at 1.1956, down 0.23%. Retail sales slide in June A busy economic calendar in the UK has wrapped up, with a host of releases.

22-07-2022 05:48 GMT by Kenneth Fisher

The end of a messy week

ECB surprise, Nord Stream gas reopens Volatility was the winner overnight, with a multitude of data points and events leaving market price action messier than a teenager's bedroom. The European Central Bank surprised markets by lifting policy rates by 0.50%, ending over a decade of negative interest rates.

22-07-2022 03:48 GMT by Jeffrey Halley

EUR/GBP - Jumps as ECB exits negative rates

OANDA Senior Market Analyst Craig Erlam discusses EURGBP amid the ECB decision to hike more than expected at the beginning of its tightening cycle.

21-07-2022 16:07 GMT by Craig Erlam

Oil drops below USD 100, gold rallies

Oil back below USD 100 Brent and WTI are both trading back below USD 100, something people around the world will be delighted to see as they look on in astonishment when filling their cars. Whether that can be sustained, I'm not sure.

21-07-2022 11:48 GMT by Craig Erlam

Stocks chop, ECB abandons negative rates, bitcoin says, “Et tu, Musk?”

Wall Street is struggling to find reasons to be optimistic as investors digest a wrath of mixed corporate earnings, Russia resumes Nord Stream 1 gas flows, and the ECB acts aggressively with its first rate hike in 11 years. The earnings standout was Tesla, which posted strong earnings and kept its production forecast.

21-07-2022 11:22 GMT by Edward Moya

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