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 strengthens overnight

Inflation jitters boost US dollar Pre-US inflation nerves triggered a wave of risk aversion in equity markets overnight, which translated into haven inflows to the US dollar, which booked gains in the DM and EM space. The dollar index leapt 0.74% higher to 1.0330 overnight, although the rally’s scope was flattered by the euro sell-off, the index's largest component.

10-06-2022 03:40 GMT by Jeffrey Halley

US inflation Friday at last

The roller coaster activity on US stock markets continued overnight, with Wall Street deciding that inflation and recessions were an issue for two days in a row. A tiny rise in US Initial Jobless Claims probably tilted Wall Street over the edge, following the European Central Bank’s tilt to a hawkish bias at their policy meeting earlier in the day. Markets eye US inflation Thankfully, Friday is here on a number of levels, but most especially because we will see the release of US Inflation and Co

10-06-2022 03:23 GMT by Jeffrey Halley

Euro reacts to ECB

OANDA Senior Market Analyst Craig Erlam discusses EURUSD in the aftermath of the ECB monetary policy decision and press conference.

09-06-2022 18:44 GMT by Craig Erlam

Stocks drop after ECB and ahead of potentially hot CPI report, bitcoin stuck at $30k

US stocks declined as global bond yields rose after the ECB prepared markets for a rate hiking cycle and on growing nervousness that tomorrow’s CPI data will clearly show inflation isn’t near peaking. The outlook is darkening and that might be how the argument for the Fed to pause in September begins.

09-06-2022 14:31 GMT by Edward Moya

ECB hints at super-sized hikes

European stocks are tumbling on Thursday as the ECB laid the groundwork for multiple rate hikes over the coming months. In keeping with President Lagarde's blog post a few weeks ago, the statement that accompanied the initial decision was very clear and specific as to the actions it intends to take over the next few months and beyond. What's more, Lagarde was very clear in what it would take for the ECB to join the 50 basis point club in September.

09-06-2022 11:34 GMT by Craig Erlam

Pound unchanged, US inflation ahead

GBP/USD is drifting today, with a very light economic calendar. There are no UK releases and the only important release out of the US was unemployment claims, which rose from 202 thousand to 229 thousand (210 exp.).

09-06-2022 11:27 GMT by Kenneth Fisher

New Zealand dollar drifting

NZD/USD has been on a downswing this week, falling close to 1%. The currency is almost unchanged today, ahead of the release of New Zealand Manufacturing Sales later today. US core CPI expected to fall One of this week's highlights is the US inflation report for May, which will be released on Friday.

09-06-2022 08:28 GMT by Kenneth Fisher

Euro unchanged ahead of ECB meeting

It has been a quiet week for the euro, and that trend has continued today, as EUR/USD is unchanged at 1.0718. All eyes on ECB The ECB is poised to end its accommodative policy at today's meeting, but there is plenty of uncertainty and anticipation ahead of the announcement. The central bank has signalled that it plans to tighten policy but has been short on details.

09-06-2022 06:46 GMT by Kenneth Fisher

Oil rises on UAE warning, gold stuck

UAE Oil Minister lifts oil prices Oil prices shot higher overnight with the UAE oil minister warning that China’s reopening and the inability of OPEC+ members to pump at production targets posed more upside risks to oil prices. Tensions around Iran’s nuclear programme also diminished hopes of more Iranian crude on international markets.

09-06-2022 04:46 GMT by Jeffrey Halley

Currency markets continue to range trade

US dollar remains choppy US yields climbed higher overnight which was enough to lift the dollar index to a 0.20% gain to 102.55. It has given most of that back in Asia, falling to 102.40 thanks to a modest yen rally.

09-06-2022 04:33 GMT by Jeffrey Halley

And today’s theme is….

Inflation jitters send US yields, dollar higher Inflation. The chop-fest range trading beguiling currency, bond, and equities markets in the US this month continued overnight.

09-06-2022 03:57 GMT by Jeffrey Halley

GBP/USD - What next for Boris and the pound?

OANDA Senior Market Analyst Craig Erlam discusses the moves in GBPUSD in the aftermath of Boris Johnson's no-confidence vote.

08-06-2022 18:23 GMT by Craig Erlam

Nothing slowing down oil's rally, gold rallies

Oil rallies on tight market Crude prices are rallying despite a small inventory build as energy traders see no end in sight as to how tight the oil market will remain. Oil has been on a tear and growing fears of economic weakness have yet to slow down the rally with prices. The EIA reported a build of 2 million barrels for the week to June 3rd, analysts expected a draw of 2.3 million barrels. Refiners are processing at levels not seen before the pandemic, which suggests the short-term cr

08-06-2022 14:32 GMT by Edward Moya

Markets fluctuate ahead of ECB

Stock markets have endured another negative day in Europe as investors await tomorrow's hotly-anticipated ECB meeting. Much like the other two days this week, it's hard to read too much into today's trading as there's very little of note driving it. And with the ECB tomorrow, US inflation on Friday and the Fed next week, there are far more pressing matters ahead than the selection of headlines of recent days. The World Bank warning of potential recessions.

08-06-2022 14:07 GMT by Craig Erlam

Australian dollar dips as rate rally fizzles

The Australian dollar has reversed directions on Wednesday and is slightly lower. AUD/USD is trading at 0.7209, down 0.28% on the day. Aussie runs out of steam The RBA surprised the markets with a supersize rate hike of 50bp yesterday, double what most analysts had predicted.

08-06-2022 10:55 GMT by Kenneth Fisher

Euro edges higher as markets eye ECB

The euro is in positive territory on Wednesday. In the European session, EUR/USD is trading at 1.0727, up 0.20% on the day. ECB to terminate QE, start rate-hike cycle It has been a calm week for the euro thus far, but that could change on Thursday, as the ECB holds a key policy meeting.

08-06-2022 08:49 GMT by Kenneth Fisher

The Japanese yen is slip slidin' away

Yen descent continues The Japanese yen can't seem to buy a break. USD/JPY has jumped 0.84% today and has surged 2.22% this week.

08-06-2022 06:19 GMT by Kenneth Fisher

Oil edges higher, gold directionless

Oil is steady in Asia Oil prices rose slightly overnight as tight refined supplies persist in the US, and industrial action in Norway and a shutting down of a Libyan oil field continued supporting prices at recent highs. Brent crude finished 0.75% higher at USD 120.75 a barrel, and WTI rose 0.30% to USD 119.75 a barrel.

08-06-2022 05:20 GMT by Jeffrey Halley

US dollar eases with lower US yields

US dollar in choppy waters US yields eased overnight, pushing the US dollar lower as the choppy range trading in currency markets continues this week. The dollar index finished just 0.08% lower at 102.33, although the yen weakness probably flattered the final result.

08-06-2022 05:11 GMT by Jeffrey Halley

A target on your back

Target's soft outlook boosts equity markets I warned yesterday that with a dearth of heavyweight data this week until Friday’s US CPI, we were likely to experience choppy trading, driven by swings in sentiment and headlines hitting the news ticker. Sure enough, that is what occurred overnight after US retailer, Target, gave a soft outlook and announced it had too much inventory and would cut prices to shift it. If that headline had come out on another day or week, it may well have been subsumed

08-06-2022 04:52 GMT by Jeffrey Halley

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