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 and gold keep eye on FOMC meeting

Asian oil markets trade sideways ahead of the FOMC News that OPEC compliance had reached 164%, i.e., they can’t even pump the quotas they have agreed, failed to lift oil markets in Asia. Oil prices are almost unchanged thanks to a mainland China and Japan holiday today.

04-05-2022 03:36 GMT by Jeffrey Halley

Dollar on hold ahead of FOMC

Asian currency markets trade sideways ahead of the FOMC Holidays in Japan and mainland China are torpedoing volumes and volatility in Asia currencies markets today, with the region content to remain in a holding pattern ahead of tonight’s FOMC. Overnight, the dollar index traded in quite a wide range, moving lower intraday as the euro made an unsuccessful recovery attempt.

04-05-2022 03:30 GMT by Jeffrey Halley

Waiting for The Fed

Markets are trading sideways in Asia, a continuation of the price action seen in New York, as the entire world awaits the outcome of the FOMC rate decision this evening. Asian turnover is being further muted by a long week of holidays this week.

04-05-2022 03:16 GMT by Jeffrey Halley

NZD stabilizes ahead of jobs report, Fed

It has been a nasty slide for the New Zealand dollar, which has posted eight successive losing sessions. NZD/USD is in positive territory today, but the currency remains vulnerable. New Zealand employment report next New Zealand releases the employment report for Q1 on Thursday.

03-05-2022 11:44 GMT by Kenneth Fisher

Euro rises, Fed meeting looms

The euro is in positive territory on Tuesday. EUR/USD is trading at 1.0568 in the European session, up 0.57% on the day. Fed likely to raise rates by half-point All eyes are on the Fed, which is expected to raise rates by a half-point at the Wednesday meeting.

03-05-2022 08:56 GMT by Kenneth Fisher

Aussie jumps after RBA rate surprise

After a nasty slide over the past two weeks, the Australian dollar has rebounded sharply on Tuesday. AUD/USD is trading at 0.7111 in the European session, up 0.84% on the day. RBA surprises with 0.25% hike As expected, the RBA raised rates for the first time since November 2011.

03-05-2022 04:24 GMT by Kenneth Fisher

Euro struggles at 5-year lows

EUR/USD suffered a dismal week, plunging 2.33%. The euro broke below the 1.05 line on Thursday but has managed to recover. The ECB doesn't meet until June, but policy makers will be closely monitoring eurozone inflation, which continues to climb.

02-05-2022 11:08 GMT by Kenneth Fisher

Japanese yen stable around 130, Fed hike ahead

It was a dismal week for the Japanese yen, as USD/JPY climbed for an eighth successive week. In the European session, USD/JPY is trading quietly at the symbolic 130 level. Fed expected to hike by 0.50% Japanese markets are closed for a holiday on Tuesday and Wednesday, but it will likely be a busy mid-week for the yen, as the Federal Reserve holds a key policy meeting on Wednesday.

02-05-2022 10:00 GMT by Kenneth Fisher

Aussie stable ahead of RBA decision

It was another tough week for the Australian dollar, as AUD/USD fell 2.53%. In the European session, AUD/USD is trading quietly at 0.7046. All eyes on RBA The RBA will be in the spotlight, as it holds its policy meeting on Tuesday.

02-05-2022 04:54 GMT by Kenneth Fisher

Market Insights Podcast (Episode 324)

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 how financial markets reacted to the surprise contraction with first quarter US GDP, Apple and Amazon earnings, and oil markets, including Exxon and Chevron quarterly earnings reports. They also discuss what the week ahead has in store for financial markets.

29-04-2022 14:55 GMT by Edward Moya

Week Ahead - Unfashionably late

A blockbuster week in store in financial markets and one that begins with bank holiday's across various countries. Throw in Chinese PMI data over the weekend and it could be a lively start to trading on Monday.

29-04-2022 14:13 GMT by Craig Erlam

Gold - Plunges on stronger dollar

OANDA Senior Market Analyst Craig Erlam discusses gold's drop which came as the dollar continued to soar.

29-04-2022 10:18 GMT by Craig Erlam

Oil edges higher, gold vulnerable

Oil edges higher as EU moves closer to a Russian oil embargo It seems the EU is moving closer to an oil embargo which some may argue is overdue in light of Russia's aggression in Ukraine. Naturally, the devil will be in the detail but the moves we're seeing in crude prices suggest the small print won't live up to the headlines.

29-04-2022 08:13 GMT by Craig Erlam

Euro rebounds on strong GDP, inflation data

The euro has bounced back on Friday with strong gains, ending a nasty 6-day losing streak. In the European session, EUR/USD is trading at 1.0565, up 0.64% on the day. German GDP up 4.0% It has been a rough road for the euro, which hit a 5-year low this week as it broke below the 1.05 line.

29-04-2022 06:28 GMT by Kenneth Fisher

Japanese yen stabilizes around 130

Another week has meant more losses for the Japanese yen, as USD/JPY punched above the symbolic 130 line for the first time in 20 years. How badly is the yen doing?

29-04-2022 04:32 GMT by Kenneth Fisher

Oil jumps on ban concerns, gold edges up

Europe/Russia oil ban fears lift oil prices Oil markets rallied overnight and are also having a “wax-on, wax-off” week as they are bounced between China slowdown fears, and European energy bans, be they Russia or European-derived. Overnight, it was the energy bans that won the day as reports emerged that Germany and Hungary had moved into the ban on Russian oil imports camp.

29-04-2022 03:48 GMT by Jeffrey Halley

US Close: Stocks rebound, US Economy Shrank in Q1, FX volatility surges, Oil rallies, Gold stabilizes

US stocks got a boost from strong earnings and mixed economic data that still suggests the economy is on solid footing as consumer demand continues to handle surging prices. Facebook, McDonalds, and Qualcomm all posted strong earnings that kickstarted today's rally.

28-04-2022 15:28 GMT by Edward Moya

Oil edges higher, gold steadies

Oil range tightening is perhaps a sign of a coming breakout Oil prices are edging higher on Thursday, continuing to recover from the lows earlier this week when Brent briefly breached USD 100 again. Ultimately, we're continuing to see consolidation in crude markets, with the range tightening and potentially setting us up for a volatile breakout in the coming weeks. The same factors remain at play here and could be the catalyst for an eventual breakout, be it further Chinese lockdowns, slow outpu

28-04-2022 13:32 GMT by Craig Erlam

NZ dollar drops to 22 month-low

The misery continues for the New Zealand dollar, which is down almost 1% on Thursday. NZD/USD has fallen below the 0.65 level and has plunged 6.54% in the month of April. Business confidence remains in a deep-freeze ANZ Business Confidence was unchanged in April, with a reading of -42.0.

28-04-2022 12:47 GMT by Kenneth Fisher

Slumping euro drops below 1.05

The euro has extended its slide on Thursday and fell as low as 1.0471 in the European session, before clawing back above the 1.05 line. Wobbly euro extends slide It has been a nasty ride for the euro, which can't seem to get a break. EUR/USD is down for a sixth successive day.

28-04-2022 11:15 GMT by Kenneth Fisher

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