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 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

Dollar/yen barrels past 130

It's up, up and away for dollar/yen, which has punched above the symbolic 130 today, the first time that has occurred since 2002. USD/JPY is trading at 130.40, up 1.53% on the day. Japan MOF issues warning over yen The Bank of Japan reiterated its commitment to ultra-low rates at its policy meeting on Thursday.

28-04-2022 07:16 GMT by Kenneth Fisher

Yen plummets as BOJ stays ultra-dovish

BoJ maintains accommodative stance The Bank of Japan has just reaffirmed its dovish stance at its policy meeting, and its commitment to cap 10-year JGB yields at 0.25%. Following on from a slight firming of US yields overnight, the Yen has plummeted in Asia as the US/Japan rate differential looks set to widen even more.

28-04-2022 04:58 GMT by Jeffrey Halley

Meta makes Asia feel better

Equity markets are higher in Asia today as US index futures rally after Meta managed to post minuscule growth in user numbers overnight along with robust financials. The results came too late to save OTC trading on Wall Street from a sideways day, but post-close extended trading has allowed the FOMO gnomes, always on the lookout for any sliver of a reason to buy, to work their magic in Asian hours.

28-04-2022 04:09 GMT by Jeffrey Halley

Oil eases, gold lower

Oil It was a busy day for energy traders after Germany signaled they were ready to support a gradual ban on Russian oil, the EIA crude oil inventory report posted a small crude build, and King Dollar continues to weigh on commodity prices. Too much to digest, but the key takeaway is that oil prices will likely remain above the USD 100 level as long the dollar doesn’t have another massive rally.

27-04-2022 13:57 GMT by Edward Moya

Yen tumbles ahead of BoJ meeting

The Japanese yen has reversed directions on Wednesday and is sharply lower. USD/JPY is trading at 128.54 in the North American session, up 1.04% on the day. Bank of Japan may tweak policy The Bank of Japan holds its policy meeting later today, but investors shouldn't expect any major moves.

27-04-2022 11:39 GMT by Kenneth Fisher

Euro slides to 5-year low

The euro continues to lose ground and is down for a fifth successive day. EUR/USD has fallen close to 1% today, as it trades at 1.0542. Russia's comments weigh on markets The euro blues show no signs of easing, as the currency is getting pummeled by the US dollar.

27-04-2022 10:07 GMT by Kenneth Fisher

Aussie rebounds as CPI jumps

The Australian dollar has finally turned things around after a nasty four-day slide. AUD/USD fell as much as 330 points during that time but is currently trading at 0.7149, up 0.37% on the day. CPI higher than expected Australian inflation continues to accelerate, with CPI in Q1 rising to 5.1% YoY, after a Q4 release of 3.5%.

27-04-2022 07:31 GMT by Kenneth Fisher

US dollar soars on risk-aversion

US dollar rises as investors seek safety The US dollar soared overnight as risk aversion swept financial markets, with the euro having a particularly painful session as Russian risks accelerated. The dollar index smashed through 102.00 on its way to a 0.56% gain to 102.30, where it remains in Asia today.

27-04-2022 04:44 GMT by Jeffrey Halley

Jumpin’ Vlad Flash cuts his gas gas gas

Russian oil payment demands spooks the market The Ukraine/Russia conflict has suffered some headline fatigue of late, and more than a little complacency by the world’s financial markets, as China's slowdown fears grabbed centre-stage. With a nod to the Rolling Stones in the title of today’s newsletter, the economic ripples of the Ukraine conflict are back on the front pages.

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

Australian dollar falls below 0.72

Aussie steady after nasty slide The Australian dollar has stabilized after a sharp downturn, losing over 300 points since Thursday. AUD/USD is trading below the 72 line and is close to a 2-month low. All eyes are on Australia's inflation report for the March quarter, with CPI expected to accelerate to 4.6% YoY, after a 3.5% gain in February.

26-04-2022 10:26 GMT by Kenneth Fisher

Bleeding euro falls to 2-year low

The euro remains on a downswing and has extended its losses for a fourth straight day. EUR/USD has dropped below the 1.07 line for the first time since March 2020. Euro drenched by April showers April has been nasty for the euro, which has fallen over 300 points.

26-04-2022 09:04 GMT by Kenneth Fisher

Bank of Canada hints at half-point hike

The Canadian dollar has been on a nasty slide, falling around 2% since Thursday. There are no Canadian releases until GDP on Friday, which means that US releases during the week will have a significant impact on the movement of USD/CAD. Macklem says 0.50% hike on the table Bank of Canada Governor Tiff Macklem can usually be counted on for using clear and understandable language, which I'm always grateful for, as I vividly recall trying to decipher Alan Greenspan's Fedspeak years ago.

26-04-2022 07:07 GMT by Kenneth Fisher

Oil rises, gold drops below USD 1900

Oil rises in Asia Oil markets were sold heavily overnight on the China risk-aversion trade, as growth fears fed through to lower oil demand calculations. Brent crude fell by 3.45% to USD 102.50 after testing and bouncing off the USD 100.00 a barrel region intraday.

26-04-2022 05:17 GMT by Jeffrey Halley

Dollar dips, but markets cautious

Currency markets remain in risk-aversion mode There was no sign of the modest relief rally spilling into currency markets overnight, with EM and DM currencies on the back foot as the US dollar booked another night of gains. It has taken a rise by China stocks today to spur a gentle US dollar retreat in Asia.

26-04-2022 05:11 GMT by Jeffrey Halley

Beijing blues hold Asia in thrall

Asian markets are showing tentative signs of life today after the sell-everything move lower yesterday. It looks more dead cat bounce than brave new world though as Beijing’s Covid-19 situation has knocked the Ukraine/Russia war, the Federal Reserve, threats of nuclear war from Russia, and even Elon Musk and Twitter off the headlines.

26-04-2022 03:43 GMT by Jeffrey Halley

US Close: Stocks show resilience, Musk and Twitter have a deal, Oil’s demand problem, Gold’s danger zone, Bitcoin above $40k

US stocks were under pressure earlier as investors couldn’t quite summon up the courage to ‘buy the dip’ as global growth concerns were driven as China seems poised they won’t back away from their zero COVID strategy. With no more Fed speak until next week’s policy decision, the bond market selloff was ready for a pause.

25-04-2022 16:35 GMT by Edward Moya

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